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ASU2003 · 01-08-2007, 04:14 PM

So, would a global minimum wage be a good thing? I'm sure that inflation would go up, and the people with the money and power now would hate it...But what would happen if the hourly wage was set at $3 USD (or equivilent) around the world? Is that amount too high or too low?

Would the workers just spend more money and the rich buinessmen that are spending more in salaries right now, make more money because people can buy more products? Then again prices would go up because the labor costs would get rolled in to the sale price.

It would stop the practice of companies jumping from one 3rd orld country to the next when the workers start demanding a little too much money compared to the poor people in the country next to them. And it would make outsourcing seem a little less attractive.

01-08-2007, 04:14 PM	#1 (permalink)
ASU2003 immoral minority Location: Back in Ohio	Global minimum wage? So, would a global minimum wage be a good thing? I'm sure that inflation would go up, and the people with the money and power now would hate it...But what would happen if the hourly wage was set at $3 USD (or equivilent) around the world? Is that amount too high or too low? Would the workers just spend more money and the rich buinessmen that are spending more in salaries right now, make more money because people can buy more products? Then again prices would go up because the labor costs would get rolled in to the sale price. It would stop the practice of companies jumping from one 3rd orld country to the next when the workers start demanding a little too much money compared to the poor people in the country next to them. And it would make outsourcing seem a little less attractive.