Phoenix20 said: It is the right wing politics of fear, hate and division that opposes increase in the minimum wage. The right wing claim that minimum wage results in job losses. The reality is as proven in many countries around the world that increasing minimum wage creates more jobs as a result of the increased spending from the lower paid workers. Increasing minimum wage boosts the economy and improves the living standards of the lowest paid workers. Tax cuts for the rich and trickle down economics fail every time because the rich save the tax cuts and they do not spend to create more economic growth. The right wing argue against reality and make up lies that result in lots of people voting against their own interests. European nations, New Zealand and Australia are examples of countries where people on minimum wage helped boost the economy with their pay increases being spent to boost economic growth. The American minimum wage earners pay increases will be spent and will boost economic growth. Cutting taxes for the top 10% of Americans were saved and did nothing to boost economic growth. Trickle down effect is a lie, tax cuts for the rich are saved and results in no economic growth. |
Luxembourg has a system where not only the minimum wage, but all wages rise by 2.5% when the prices rise by over 2.5% over the last increase, from the lowly worker to the CEO of a company. This ensures that everybody has their wages rise in accordance to inflation (in addition to small rises the employer has to pay for staying with a company a set of time, generally during the first year and then every 5 years. This promotes loyalty to a company as your starting wage at another company will almost always be lower than what you got at your old employment) and that there are very few strikes from wages, instead they are to improve work conditions or to counter firings in the company most of the time here.
Our current minimum wage is 2171€ per month. In general, a full work month is considered 172 hours, which gives us 12.62€ per hour. That may not sound like that much, but consider that you are also relieved from paying any taxes, which means you get to keep ~1900€ net income each month, which is way above what most of our European neighbors pay. Also, keep in mind that this is the unqualified minimum wage, if you have specific qualifications (like a bachelor's degree for instance), your employer needs to pay you at least 20% extra, so at least 2605€ minimum wage (15.15€ per hour) even if your qualification has nothing to do with the job.
And to Americans who find those minimum wages quite low for a country whose GDP per capita is 70% higher than the one in the US, consider that they also cover your pension, invalidity insurance, healthcare and basic legal support in case of a dispute with your employer, things that you have to source separately from your income in the US.
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