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The Forum > Article Comments > Minimum wages and jobs: The overseas story > Comments

Minimum wages and jobs: The overseas story : Comments

By Ian Watson, published 20/4/2005

Ian Watson examines the impact of minimum wage increases in other countries

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Some question’s Chris, it seems you do not like free trade.

How would we protect the exporters from the lower world market production costs?

As I see it, they get lumbered with the higher local production costs, but are not able to claim it back from their consumers.

Surely if you can claim your higher production costs back from your consumer’s, you end up at a position that is the same as before you started, but with a devalued currency?

The minimum wage debate; do they take in to account the poorer terms of trade that is inflicted on some sections of the economy as a result of increased production costs from the regulated minimum wage?
Posted by dunart, Wednesday, 27 July 2005 8:40:37 AM
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