Comments | morgansagoddess: Macro Schmacro

morgansagoddess

Macro Schmacro

Mar 30, 2006 17:00

Hmmm. Dick Gephardt wanted a global minimum wage.

Crazy.

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Comments 4

prettyfool March 30 2006, 22:32:24 UTC

But I'm not even sure how that makes sense?

morgansagoddess March 30 2006, 22:44:56 UTC

When Fleck mentioned it he made it sound like it would be ONE wage for all countries.

When I looked it up, Gephardt actually wanted for all countries to have a minimum wage, but they would all be different.

prettyfool March 30 2006, 23:20:43 UTC

hmm, that's interesting. i wonder what would be the long-term effects (cultural, not just economic) of sort of defining money in each country like that.

elongated_tito March 31 2006, 01:24:24 UTC

Gee, maybe Gephardt should be focusing on making the minimum wage in the US sufficent to live on before he starts worrying about what the rest of the damn world is doing.