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16-05-2014, 10:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
If minimum wage is so good, there wouldnt be high unemployment rate causing people to be homeless now ya? Gilbert Goh praise the high minimum wage yet thats the reason for the high unemployment rates.
http://www.foxbusiness.com/on-air/st...imum-wage-myth (http://www.foxbusiness.com/on-air/stossel/blog/2012/07/13/australian-minimum-wage-myth)
Quote:
Most people who earn minimum wage are young, unskilled workers. How are they doing in Australia?
In June, Australia's unemployment rate for workers age 15 to 19 was 16.5%.
Last December, 63% of all jobs lost were jobs for young, unskilled Australians.
It's simple: when the price of something goes up, people buy less. So when the price of labor goes up, employers hire less.
10256816_666045556766085_5411234851259747482_n.jpg (http://www.sammyboy.com/attachment.php?attachmentid=15368&d=1400207160)
Attached Images
http://www.sammyboy.com/images/attach/jpg.gif 10256816_666045556766085_5411234851259747482_n.jpg (http://www.sammyboy.com/attachment.php?attachmentid=15368&d=1400207160) (81.7 KB)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?181704-Does-Gilbert-Know-high-minimum-wages-causes-higher-unemployment&goto=newpost).
If minimum wage is so good, there wouldnt be high unemployment rate causing people to be homeless now ya? Gilbert Goh praise the high minimum wage yet thats the reason for the high unemployment rates.
http://www.foxbusiness.com/on-air/st...imum-wage-myth (http://www.foxbusiness.com/on-air/stossel/blog/2012/07/13/australian-minimum-wage-myth)
Quote:
Most people who earn minimum wage are young, unskilled workers. How are they doing in Australia?
In June, Australia's unemployment rate for workers age 15 to 19 was 16.5%.
Last December, 63% of all jobs lost were jobs for young, unskilled Australians.
It's simple: when the price of something goes up, people buy less. So when the price of labor goes up, employers hire less.
10256816_666045556766085_5411234851259747482_n.jpg (http://www.sammyboy.com/attachment.php?attachmentid=15368&d=1400207160)
Attached Images
http://www.sammyboy.com/images/attach/jpg.gif 10256816_666045556766085_5411234851259747482_n.jpg (http://www.sammyboy.com/attachment.php?attachmentid=15368&d=1400207160) (81.7 KB)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?181704-Does-Gilbert-Know-high-minimum-wages-causes-higher-unemployment&goto=newpost).