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October 10, 2024

Is it crucial to have a global standard for the minimum wage?




Total votes: 6

Comments

  1. PatientSeahorse6
    174

    I think a global standard for minimum wage would be hard to set for each country on the planet. I do not think this would work since each country’s economics, budgets, and situations are very …Read MoreI think a global standard for minimum wage would be hard to set for each country on the planet. I do not think this would work since each country’s economics, budgets, and situations are very different. A global standard might be a nice aspiration for each country to work towards or exceed, but this theoretically does not seem like an option right now. Read Less

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  2. LuckyDeer2
    139

    As much as I am internationalist and supporter of labor, I don’t think a global minimum wage is possible. On the contrary, it would likely lead to conflict between the West and more autocratic …Read MoreAs much as I am internationalist and supporter of labor, I don’t think a global minimum wage is possible. On the contrary, it would likely lead to conflict between the West and more autocratic countries with poor wages. Instead, I think market investments into the third world should come with a regulation that said investments must meet the minimum wage in the United States at the very least. That ensures that the third world isn’t taken advantage of by western companies. Read Less

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  3. PlayfulMagpie
    88

    I believe that there should be some expectations and fair treatment when it comes to minimum wage. However, after reading other people’s answers and giving it some thought, I’ve come to understand …Read MoreI believe that there should be some expectations and fair treatment when it comes to minimum wage. However, after reading other people’s answers and giving it some thought, I’ve come to understand that this kind of idea would have complications and set backs. However, I do believe an average idea or goal should be in place so everyone can be on the same page. Read Less

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  4. PatientZebra4
    37.5

    I think by establishing a uniform minimum wage for the world, it will be unfeasible for many countries. Just by comparing the exchange rates between countries and it is clear that economically, it won …Read MoreI think by establishing a uniform minimum wage for the world, it will be unfeasible for many countries. Just by comparing the exchange rates between countries and it is clear that economically, it won’t be possible. While I think everyone should be compensated fairly it isn’t fair to establish the same minimum wage between a country like the USA and a country like Cambodia. Read Less

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