Minimum wage debate

[Benton]

(03-06-2019, 09:04 PM)Beaker Wrote: To clarify, I wasn't posting that article as a statement or rebuttal. I simply found it interesting that S. Korea had actually implemented something similar to what was being proposed, and seeing the actual outcome of the policy, not just projections or arguments about what "experts" think would happen. I do agree that the Korean economy is different than the US, but there are also similarities. So I think the info can be useful, but not definitive, in this discussion.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=United+States&country2=South+Korea


Personally, I don't think there's a lot of comparisons with the US and SK. Very different countries and economies. For one thing, their companies have been growing manufacturing, while we've been pushing companies out of the country in that regard. And (for wahtever reason) SK appears to be cheaper in cost of living.