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submitted 1 year ago by stormy001 to c/myeconomy
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[-] imaginelizard 6 points 1 year ago

If the business can't afford the minimum wage, then the business is not viable or doesn't have the volume to justify hiring an extra helping hand.

[-] littleclover 1 points 1 year ago

I've saw too many complains from Malaysia Employers Foundation (MEF) against the raise of minimum wages. The more they are against it, the more I support the policy.

[-] marche_ck 1 points 1 year ago

It's a chicken and egg problem.

Low wages = consumer spending power low=poor sales=business die

But also high cost=business die=people lose jobs=consumer low spending power

this post was submitted on 05 Jul 2023
1 points (66.7% liked)

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