All the employers have is the old worn out excuses. First paid women less because
their husbands and fathers looked after them.
Then it was entry level employment for fast food making billion paying peanuts as
slave labour.
Now its we just can't pay. Nonsense. what has to happen is not so much a minimum
wage but a legislated end to gouging at the multiple factor between the base worker
and the bonus touting guy at the top.
Wage and price legislation is not the answer if we are going that route to fix a problem
then make it Wage, Price and Margin of Profit controls.
We need to restore balance to a system that is no longer sustainable and the problem
is about to manifest itself sooner rather than later.
Sweden has no minimum wage, but is does have co-determination legislation. Half of the board of directors of companies of more than so many employees are elected by the workers. The chairman must be chosen from among those elected by the investors and his is the tiebreaker vote.
Sweden does have a recommended minimum wage of sorts. If you earn less than a certain amount, you can quit your job and seek governmwnt assistance without penalty. If wages are that bad, people will choose social assistance over such employment without the need for coercion. If government coercion is needed, it's because what the employer is offering is more generous than what the government is offering. If this makes the employer a mean basterd, what does it make the government?