danite on the minimum wage - Comment - Israel News | Haaretz Daily Newspaper
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    • fagin
    • 12.11.05 | 09:42 (IST)

    until a few years ago scandanavia was indeed a social democratic economy.or the 'third way' bilge.it did not work.growth collapsed and scandanavia changed its ways.it is not the full blooded capitalism that i would support but it is definitey not the 'third way' a simple course in economics would explain to you that raising the minimum wage is the best way to create unemployment.if you do not believe me then i recommend you go to your nearest university for a quick course in the facts of economic life. 40% of israelis are on low wages.well-wishers of the jewish state would certainly be unhappy to hear this. however you cannot wish away the facts of life. israel will grow and thrive(G-D willing)when the whole economy grows.there is no simple way. raising the minimum wage is a witch doctor prescription.

    from the article: Analysis / Fold up the road map
    First published 00:00 11.11.05 | Last updated 00:00 11.11.05
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