Lower wages = Lower unemployment benefits

[HappySqurriel]

scottie said:

HappySqurriel said:

scottie said:

Do you have any countries that are not being completely mismanaged by their governments?

Some examples of countries that require fair pay, and have low unemployment

Denmark, highest minimum wage in the world (not enforced by law, but by union negotiation. It is still a minimum wage in the sense that no-one works for less than that), 6.9% unemployment

Australia, very high minimum wage, 5.1% unemployment

Norway, no formal minimum wage but the unions are strong enough to guarentee fair wages, 2.9% unemployment

 

 

Now for some examples of no/low minimum wage and high unemployment. Obvious all of these countries have gross mismanagement by the government or they wouldn't be in the sad situation they are in, but I shall endeavour to only include wealthy countries.

United States - Very low minimum wage, 8.9% unemployment 

Libya ~$110/month , 13% unemployment

Portugal - about $3.80 US/hour minimum wage, 10.7% unemployment

So you have libya, a country that was so poorly managed that people are revolting and Portugal which is one of the most corrupt countries in Europe ...

On top of this, do you have participation rates to go along with your unemployment rates; because unemployment rate is a meaningless statistic unless you consider the participation rates. Being that these high minimum wages are associated with awful youth participation rates, I highly doubt that it is as cut and dry as you're trying to present it as ...