It would have been interesting had that story carried the information on cost of living in the states for which they quoted the incomes.
Also, if they had included the fact that the cost of food in the USA is about 9% of income. The facts on number of homes with one or more TV's and other luxuries is interesting on the rare occasions it is mentioned.
Econ, maybe some businesses could pay more to their workers, but then they will also raise prices for their products, won't they?
Some complain the minimum wage is too low. They ignore the fact is it intended as a beginning wage for people learning to work, and that many of them do not even really earn what they are paid at the beginning of their employment. Sadly, some never do!
I do know that raising the minimum wage also prices some jobs out of the market......and leaves small business owners unable to hire needed workers and still make a profit and keep their doors open.
Isn't the answer better education, young people making better choices in life, working and earning and saving before starting families, etc.?
BTW, seeing some anti-smoking programs discussed on TV today makes me wonder why no one shows young people how to figure out what cigarettes would cost them over one, ten, or 25 years and discuss what they could buy or do with that money that would be more fun than smoking. Then maybe bring in some of the associated health costs, and show them how they can do so much better financially by not smoking. Has anyone seen this done any place?
MRJ