Tuesday, May 20, 2014

My view on minimum wages

In a booming environment a minimum wage might do some good, as it is not that kind of big hinder to employment, and helps to distribute the boom more equitably to those less benefiting from it.

In a recession, sometimes even with deflation threats, a minimum wage is utterly bad, as it hinders many from at least being able to get a foot in the door of an employment... in fact in these dire cases, the lowering of a minimum wage could be the right signal...

The economy is the economy is the economy... and there is sadly very little little me can do about that.