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Minimum Wage

Day 737, 07:54 • Published in Austria Austria

• by rjeddings

One of the dumber proposals I have seen recently is to raise the minimum wage to 3 ATS. Low skill workers can not hardly find a job as it is. If employers have to pay 3 times more to hire these workers, then there will be no jobs for anyone under about skill level 5. Vote no to the minimum wage change.

Comments

Borojevic von Bonjar Day 737, 07:57

Right you are

Grantler Day 737, 08:15

Sometimes I really wonder what we got a congress for, definetely not to propose such use- and brainless proposals.

Alfred Ball Day 737, 08:27

Grantler should run for congress on his own 😛

Ferdinand Rosenkrantz Day 737, 10:38

The point is well taken by rjeddings. There is a consensus among economists that too high minimum wages (e.g. compared to the productivity of low skilled workers) can be harmful for the employment chances of low skilled workers.

It makes no sence to price out people with little experience from the labour market. If the congress wants to support young people there are other ways.

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