3 quotes then my comments: 1)...be very wary of the effects of a minimum wage increase. To wit, we return to Switzerland. 2) It was simply, your basic burger. And it cost the equivalent of $23.80 — for a basic burger, some fries and a Coke Zero in a plastic bottle, no ice. 3) The guy who made my burger in Zurich would effectively need to work one hour (at $25 per) to afford the burger, fries and soft drink that I bought that afternoon. >>> The minimum wage in Switzerland is about $25/hour the guy mopping floors gets about $52,000 per year - and pays for it ... effective net gain zero ... the article goes into trickle-up economics an interesting play on Reagans trickle-down economics ... both of which seemed to have worked as described. personalliberty/say-minimum-wage-hike/
Posted on: Sat, 27 Dec 2014 15:18:04 +0000
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