- Feb 8, 2019
I do not think it is the right policy either.My thoughts on the minimum wage argument is that I don't know if it will actually work.
But one thing that has fascinated me is the moral indignation that comes up regarding this topic. A huge portion of the population is, to be blunt, simply too stupid to achieve much in either the fast lane or the slow lane.
But that isn't to say that they can't offer useful contributions to society as a whole, and I think that an advanced society such as this should look for ways to lift its people out of poverty (while still acknowledging that unfortunately, poverty will always exist).
But it is good to have some form of basic social safety net/income supplement, even from a businessman’s point of views.
It is not that easy to make money in an environment where most people are dead broke.
If you look at the latest development in business-AI/automation/offline to online..fundamentally it is about Cost Cutting.
Global Business Community loves the good old days when North America and Europe loads on debt and do binge consumption. I mean it literally.
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