gcy1980: The only thing that will happen with a 276.90 per week wage is that the overall wage share in the economy will drop. Most businesses already operate at between 70-80%. Even with a lower wage rate, they won't go above this. Only time capacity drops is when a recession hits and they need to increase the levels of profits again. Al the theory about lower wages meaning more work and a healthier economy is just voodoo economics.
So your telling me that a minimum wage of €8.65 as compared to my proposal of €6.50 per hour will result in the same number of jobs been created?
The higher the minimum wage the higher the chance of less new jobs been created especially in the private sector.
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
So your telling me that a minimum wage of €8.65 as compared to my proposal of €6.50 per hour will result in the same number of jobs been created?
The higher the minimum wage the higher the chance of less new jobs been created especially in the private sector.