Someone in another thread posted about the Australian minimum wage. I started to do some more research on the subject to possibly profit when Los Angeles increases it minimum wage.
http://workinglife.org.au/minimum-wage-story/
This cartoon depicts the typical liberals view of minimum wage terrorism. Most San Bushman have a 2 hour workday with no minimum wage.
http://fee.org/freeman/the-eugenics-...-minimum-wage/
Jeffery Tucker believes minimum wage was a Eugenics plot. By preventing people from working, you can force them to starve to death and die out from the population.
I have also heard lately that minimum wage stops immigration. However, by experience I find the opposite to happen. Illegals are the choice of many employees as they can pay them at or less than minimum wage and have a low risk of a lawsuit, compared to paying U.S. citizens under the table. I would not be surprised if most of the illegal immigration is due to minimum wage laws, as you can send money home.
2006 13.47
2007 13.74
2008 14.31
2009 14.31
2011 15.51
2012 15.96
2013 16.37
2014 16.87
2015 17.29
However, those are AUD if converted to USD, the minimum wage has been dropping.
2006 .75
2007 .83
2008 .95
2009 .81
2011 1.07
2012 .97
2013 .96
2014 .93
2015 .76
present .73
2015 present 17.29*.73 = $12.62
2011 15.51*1.07= $16.60
2006 13.47*.75= $10.10
Australia taxes
Taxable income
Tax on this income
0 – $18,200
Nil
$18,201 – $37,000
19c for each $1 over $18,200
$37,001 – $80,000
$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000
$17,547 plus 37c for each $1 over $80,000
$180,001 and over
$54,547 plus 45c for each $1 over $180,000