Did you know that the minimum wage in Australia is $15.50/hour, USD?
We have the highest minimum wage in the country here in Washington State, at $9.19/hour, USD.
Australia has an unemployment rate of 4.9%, compared to the current US rate of around 9%.
This comes into play with farm labor. Many farm jobs, particularly piece work, don't pay well at all. It's odd that a country like australia can pay so much when that sort of wage would, according to many people in the US, kill jobs and collapse businesses.
Henry Ford, who did quite well, said this about wages:
"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible. "
We seem to have forgotten the last sentence in our rush to the bottom of the wage scale. Corporate profits are at an all-time high right now. Perhaps we shouldn't be arguing about tax rates so much as profit rates, and perhaps even sending some of those profits to the folks who are doing the work.
Check your states minimum wage here.
Article about Australias minimum wage here.
19 hours ago