Re:Why Coke Cost a Nickel for 70 Years (2012)
by dagw on Monday June 29, 2015 @06:26AM
(#9797285)
Technically true, but the combination of a generous welfare system and powerful unions means that there is a de facto minimum wage.
No one is going to work for much less than they'll get from unemployment, and just try starting a company paying less than the union collective bargaining rates and see how long it takes before a bunch of thugs harass you out of business.
No one is going to work for much less than they'll get from unemployment, and just try starting a company paying less than the union collective bargaining rates and see how long it takes before a bunch of thugs harass you out of business.