Lower wages = Lower unemployment benefits

[HappySqurriel]

scottie said:

HappySqurriel said:

scottie said:

HappySqurriel said:

scottie said:

 

 

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 ...

This is hilarious, you are actually agreeing with me.

 

I am trying to prove that underpaying your workers is mismanaging your country. Every time I mention a country,that pays its workers poorly, you tell me that it is mismanaged and thus we can't consider it. 

 

Correlation does not imply causiation, but it does waggle its eyebrows suggestively.

No, I'm actually disagreeing with you ...

A country’s total labour force is the portion of the labour force participants who are employed (participation rate * (1.0-unemployment rate)); and this is determined by multiple factors, including tax rates, how well managed a country is, and the unemployment rate. There are only a couple countries in the world who have a larger labour force than the United States (during the deepest recession in the United States in several decades), and they are Canada (a country that is far better managed with a significantly lower corporate tax rate and similar minimum wages), and a couple of Scandinavian countries (which are the best managed countries in the world).

There is one (maybe two) countries in the world that have as large of a labour force as the United States with a significnatly higher minimum wage; which is hardly enough to make a case for high minimum wages.