In her book "It Takes a Village," Hillary Clinton wrote that the "lowest paid German worker" makes more than the "lowest paid American worker."
Right.
But only if the definition of a "worker" is someone who actually has a job.
They have a higher price floor on labor in Germany - a higher mandatory minimum that you must pay a "worker" - - meaning anyone whose labor is worth below that amount doesn't get a job, thus isn't a "worker."
That is why they have twice our rate of unemployment in Germany - CONSISTENTLY twice our rate of unemployment - even though we import poor and unskilled immigrants into our workforce every year at a much faster pace than Germany does.
Their "lowest paid worker" makes more but only because they take another 5% of low-paid workers and freeze them out of a job, thus they're not workers - all the people making $0 simply don't count! If they did, it wouldn't be a true statement!
2007-09-28
01:07:55
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2 answers
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Anonymous
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Politics & Government
➔ Politics