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re: Geneva Switzerland enacts $53,000 minimum wage.

Posted on 10/5/20 at 9:03 pm to
Posted by Mo Jeaux
Member since Aug 2008
59081 posts
Posted on 10/5/20 at 9:03 pm to
Why is it worthless?
Posted by SEC7070
Member since Aug 2019
979 posts
Posted on 10/5/20 at 9:04 pm to
You are clueless.
Posted by CamdenTiger
Member since Aug 2009
62529 posts
Posted on 10/5/20 at 9:05 pm to
I’m neutral on this......?
Posted by bayoumuscle21
St. George
Member since Jan 2012
4642 posts
Posted on 10/5/20 at 9:08 pm to
quote:

Why is it worthless?


Someone doesn't understand Econ 101.
Posted by iheartchimichangas
Member since Jul 2016
748 posts
Posted on 10/5/20 at 9:14 pm to
quote:

Why is it worthless?


If everyone makes 53k then inflation occurs as employers have to offset the additional payroll costs
Posted by Ted2010
Member since Oct 2010
38958 posts
Posted on 10/5/20 at 10:17 pm to
quote:

Why is it worthless?


Massive inflation. Printing off money
like it’s nothing will in fact make money nothing.
Posted by dreigh
Member since Mar 2020
61 posts
Posted on 10/5/20 at 11:54 pm to
quote:

Why is it worthless?


There will be much, MUCH more $$$ than goods and services available to purchase with that $$$. AKA: Runaway inflation.
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