Thursday, November 20, 2008

Even the Communists Get It

From a Washington Post story dated November 21, 2008:

This week, China announced that it would shelve a plan to raise the minimum wage. A lower minimum wage would at least theoretically relieve stress on struggling companies, allowing them to keep more people employed overall.

"We have to first worry about whether workers have a job -- then worry about how much they're getting paid later," Hu said.

Check out the full story here.

No comments: