Australia has just increased the minimum wage to $622 a week.
That's typically for 35 hours worked.
Nearly $18 per hour. Plus free health care and disability insurance.
The USA is $7.25 I believe.
And I thought the USA was a wealthy nation.
If your workers don't have disposable income they can't generate commerce.
Pretty simple really.
Minimum Wage
Started by
voltaire
, Jun 02 2013 11:42 PM
1 reply to this topic
#2
Dex
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- Traders-Talk User
- 2,692 posts
Member
Posted 03 June 2013 - 08:35 AM
The USA is $7.25 I believe.
Your analysis lacks perspective.
Look up the percentage of USA workers who earn the minimum wage.
Then subtract out children living at home with parents.
Hint - it is a small number.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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