It's important to note that, at least in Austria, while there is no universal "minimum wage" per se there is a minimum wage for every job ("Kollektivveträge"). So effectively there is a minimum wage.
this post was submitted on 09 May 2024
10 points (100.0% liked)
Economics
444 readers
1 users here now
founded 1 year ago
I see this trend where in my country (part if EU) politicians usually try to artificially rise the minimum wages. This results in companies leaving the country.