Anything related to money is always sensitive. After listening the presentation, I thought minimum wage issue is also applied to us(university students) because minimum wage system is usually applied to young and poor people who don't have certain skills. Many university students on the minimum wage do part-time jobs during school vacations. But although they work for 8 hours a day, they get around 900,000 won a month. But they should take some money for transportation fee and lunch money from it, they couldn't do anything with it. It is ridiculous to save money for tuition or travel. Not only for students, minimum wage is really serious for the poor. Minimum wage system is for workers, but workers can't even have BigMac with minimum wage. I feel it is a bit unfair because Japanese and Australian get almost eight or ten dollars per hour for their work and BigMac in Japan and Aus still cost six dollars!
I heard that the management said that if the minimum wage goes up, products price also goes up. But it is also possible that the more money people earn, the more money they will spend. And the problem is that the rate of increase in the minimum wage never keep up with inflation rate in Korea.
The minimum wage in 2012 is 4580 won. But some people are insisting that it should be negated. I hope it'll be settled well for both.
The minimun wage in Korea was 4,110 won in 2010, and 4,320 in 2011, and that would be 4,580 in 2012. In my opinion, the inflation of wages is not high as compared with the inflation of prices, so I want higher prices for workers, expecially the poor.
답글삭제I agree with your opinion.
답글삭제This presentation about Minimum wage make us think why we live in korea. Distinctly government should control this problem about Minimum wage and a gap between luxery class and poor class. Also, for well off country, this problem should be revised.
I agree with your idea that is increased minimum wage can lead to the increased spending money to social market. I think this could be good effects for both workers and shop owners.
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