Re:The Growing Underclass: Jobs Gone Forever
by fnid2 on Friday January 29, 2010 @12:01PM
(#1086874)
your mistake is in believing that all work is worth enough to live on -- but it isn't.
There is a lot of trivial work to be done that isn't worth rent+food+utilities+... There are things I'd pay someone $5/hr to do but not 50% more than that. It's a huge gap.
At one point in history, Luxembourg had the highest unemployment, largely due to the $10/hr minimum wage, which was the highest in the world at that time.
There is a lot of trivial work to be done that isn't worth rent+food+utilities+... There are things I'd pay someone $5/hr to do but not 50% more than that. It's a huge gap.
At one point in history, Luxembourg had the highest unemployment, largely due to the $10/hr minimum wage, which was the highest in the world at that time.