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The Labor Divide

By: Sam Vaknin

...ext chapter). It needs to be reformed. I propose a scaled minimum wage, age-related and means tested and also connected to skills. In other wo... ...d to skills. In other words, the minimum wage should vary according to age, other (non- wage) income and skills. Administrative Measures: Early... ...tlement, work tenure, level of last salary, etc. only when they reach the age prescribed by law (63 – 65) – LIKE EVERY OTHER PENSIONER. NOT RECOM... ...es economic sense, because their activities replace social outlays. In Britain, part time workers receive the same benefits in case of layoffs and... ...here a single national agreement prevails. All the rest are hybrid cases. Britain, New Zealand and Sweden decentralized their collective bargaining ... ...USA the minimum wage is 35% of the average wage (in France, it is 60%, in Britain it is 45% and in the Netherlands it is declining relative to the m... ...– Non Accelerating Inflation Rate of Unemployment). NAIRU is not cast in stone. Employment subsidies, for instance, make low skilled workers employ...

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