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To: SeekAndFind

Minimum wage is last century. We don’t need it. Let the market decide.


16 posted on 10/27/2015 8:55:18 AM PDT by bgill ( CDC site, "we still do not know exactly how people are infected with Ebola")
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To: bgill

5 Developed Countries without Minimum Wages

http://www.investopedia.com/articles/investing/080515/5-developed-countries-without-minimum-wages.asp

Sweden, Denmark, Norway, Iceland, Switzerland.

CAVEAT:

Switzerland saw a proposal for a legally enforced minimum wage soundly rejected in 2014. The decisive vote against a $25 per hour base salary was touted as evidence the Swiss do not want or need government intervention, which might cause low-wage workers to lose jobs if employers are unable to pay more. However, like all the countries listed in this article, Switzerland relies heavily on trade unions and employee organizations to negotiate fair wages for each industry, meaning 90% of the Swiss earn more than the proposed minimum anyway.

I would also add — SINGAPORE also has no minimum wage.


17 posted on 10/27/2015 9:07:39 AM PDT by SeekAndFind
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