Comments on: Minimum Wages http://www.deeshaa.org/2012/12/05/minimum-wages/ Wed, 15 May 2013 13:57:00 +0000 hourly 1 http://wordpress.org/?v=3.5 By: JP http://www.deeshaa.org/2012/12/05/minimum-wages/comment-page-1/#comment-194757 JP Mon, 31 Dec 2012 01:33:41 +0000 http://www.deeshaa.org/?p=8432#comment-194757 SV,

Minimum wage policies are lobbied for by big businesses, specifically retailers and such in US. This is to prevent small businesses from competing with them. Big retailers (say Walmart) can afford to pay more and they also have efficiency of scale, even if they pay a bit more, it doesn’t matter at all; labor costs are minimal at the level they operate. However, small businesses have a significant cost of labor and any increases makes it difficult to survive.

]]> By: allwyn http://www.deeshaa.org/2012/12/05/minimum-wages/comment-page-1/#comment-187237 allwyn Fri, 07 Dec 2012 12:55:42 +0000 http://www.deeshaa.org/?p=8432#comment-187237 Recently, in his TOI article chetan bhagat talked about minimum wages for people who do house work in India, maybe according to him they are paid very less and to some extent I agree. I also think(not sure though) that people who do construction work – buildings, roads, bridges etc are paid very less plus the work conditions also look horrible to me again not sure about – they could be getting paid more.
My question how would it work out if the government was to formulate policy regarding wages for certain types of labor. Maybe give tax incentives to builders and fix a min wage there for the people working in construction but then as you said some people will just lose their jobs – another way would be to just give tax incentives and “hope” the builders pay them a little better salary!

]]> By: SV http://www.deeshaa.org/2012/12/05/minimum-wages/comment-page-1/#comment-186871 SV Thu, 06 Dec 2012 21:03:46 +0000 http://www.deeshaa.org/?p=8432#comment-186871 Thanks for the revelation, never thought minimum wages could be harmful too! But in reality why is the minimum wage enforced? Why don’t they just remove that policy?

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