Picture of the Day: KCTU Protests for Higher Minimum Wage
Thousands of members of the Korean Confederation of Trade Unions (KCTU) stage a rally at Gwanghwamun Plaza in downtown Seoul on June 30, 2017, demanding the government raise the minimum wage and employ all nonregular workers as regular employees. (Yonhap)
The KCTU wants South Korea bankrupt so North Korea can walk in and take over. Or they are clueless about economics, which results in the same thing.
Reason South korea got the little wealth it has today is because it work the craqp out of it’s people for little pay. working condition are bad. Workers can not go home until the boss go home, many overtime hours are not paid for. whole country of slaves.
Plus no vacation time about ten days a year
Are the workers going to do anymore? Bring in more revenue somehow? If not, no increases in wages. Unions ruin countries.
But these people are one of the 600,000 lucky few (the members of the Korean Confederation of Unions) who does not have that kind of working conditions. These demonstrators are the protected unionized workers so they get everything handed to them in plates without working that much. It’s the non-union workers or the vast majority of Korean workers who go through what you describe. The minimum wage is 6700 per hour now, but if they raise it to 10,000 then that’s a 60% increase in one shot. No small business will not be left untouched. Since these union workers are protected they won’t be able to lay them off, but all those non-unionized workers who will take the brunt of the negative effects. Because it will be the non-unionized workers who will get their hours cut, their jobs cut, and they’re the ones who will suffer unemployment because nobody can afford the new wages. If they raise the minimum wage, all the non-minimum wages must also rise to keep the wage levels fair for everyone.
Did you get a degree in stupid or is that an act?
http://money.cnn.com/2017/06/26/news/seattle-minimum-wage-15/index.html
And also:
http://english.chosun.com/site/data/html_dir/2017/07/22/2017072200367.html