Exploring an International Minimum Wage. I've looked into the concept of a minimum wage, finding many proposals. Some are based on the US minimum wage, or on an average of national minimums. Some are just arbitrarily set without explanation. These proposals often quintuple the salary of workers in poor countries. Here's a more conservative proposal based on a combination macroeconomic/commodity approach. Also, an explanation of the economic purpose of minimum wages. [kuro5hin.org]
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