I'm with Sweden on this as the US mashes the gas on bad economic policies. Can you imagine at theoretical full employment (unemployment rate below 5% annual) removing the artificial restraints of wages? In a robust economy workers should have enough job opportunities to be able to 'negotiate' i.e. take their labor to a more advantageous work and not chasing some minimum.
Minimum wages puts caps on the kind of jobs that require them and stress the economy as a whole. It will create larger pools of worker classes and more distant gulfs between those groups.
I'm with Sweden on this as the US mashes the gas on bad economic policies. Can you imagine at theoretical full employment (unemployment rate below 5% annual) removing the artificial restraints of wages? In a robust economy workers should have enough job opportunities to be able to 'negotiate' i.e. take their labor to a more advantageous work and not chasing some minimum.
Minimum wages puts caps on the kind of jobs that require them and stress the economy as a whole. It will create larger pools of worker classes and more distant gulfs between those groups.