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Tag Archive 'minimum wage'

Fun Facts to Know and Tell: Let’s Just All Move to Luxembourg Edition

Posted in Fun Facts on Aug 27th, 2011

The minimum wage in Luxembourg is €1758 per month. This is about $2,500 US dollars per month. In other words, the minimum wage in Luxembourg amounts to an annual salary of $30,000.  That must explain why they are the world leaders in this category.

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Random Thought

Posted in Economics Problems on Oct 21st, 2009

If requiring workers to be paid $7.25 per hour is a good idea, I would like to see a ban on volunteer work. How can proponents of the minimum wage argue with a straight face that it is OK to work for “free?” I bet any answer they give me will undermine the case they […]

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