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To: SeekAndFind

They should include: SINGAPORE. The country has no minimum wage as well.

It is as far as I’m concerned, a DEVELOPED country.

SEE HERE:

https://www.youtube.com/watch?v=KUPirnzH2Y4

How Does Singapore Do Fine with No Minimum Wage?

Audience Question: Singapore has a very low unemployment rate and no minimum wage…why wouldn’t that work in the USA?

Watch the above video link for the reply.


2 posted on 10/27/2015 9:13:27 AM PDT by SeekAndFind
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To: SeekAndFind

There IS a minimum wage, everywhere in the world.

$0.00 - Can’t get more minimum than that.

That is what is called “zero-based” wage scale.

Any established lever higher than that is a form of welfare, until the employee finally is earning enough for the employer, as it costs in wages and other emoluments, to bring in that much in revenue, and to generate a positive cash flow for the employer. From this positive cash flow, some amount may be applied to providing a higher wage for the employee. It is called “productivity”.


4 posted on 10/27/2015 9:21:41 AM PDT by alloysteel (Do not argue with trolls. That means they win.)
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To: SeekAndFind

Without the use of Singapore as an example, it shows that this writer has a hidden agenda.


8 posted on 10/27/2015 9:33:53 AM PDT by winner3000
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