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10 sats \ 0 replies \ @Solomonsatoshi 4 Jan \ parent \ on: Help me understand minimum wage logic better econ
Yes as the link provided by @Undisciplined states The Nordic nations and Switzerland who have strong welfare and unions do not have minimum wages as they could argue they don't need one as low wage workers have adequate negotiating power via unions and protections from unemployment via welfare and are thus not forced into working for poverty level wages.
Interesting and hilariously ironic that Undisciplined cannot give any other example of a developed economy where the minimum wage is not in place...except where the very antithesis of Libertarian ideology is practiced!