29-07-13, 07:15 PM
And on top of that the minimum wage has been adopted as a standard wage by private industry.
So not only are those on higher wages (most of us on this forum?) subsidising private industry (ie their shareholders) but it's another reason why the economy won't pick up. People on the minimum wage don't have money to spend.
A low wage economy will become a going nowhere economy.
So not only are those on higher wages (most of us on this forum?) subsidising private industry (ie their shareholders) but it's another reason why the economy won't pick up. People on the minimum wage don't have money to spend.
A low wage economy will become a going nowhere economy.