Instead of preparing me for finals...

Instead of preparing me for finals, my history teacher went on a crazy rant about how having a global minimum wage is a great idea
In one sentence explain why this an absolutely ridiculus

>incentives.

It would lower the minimum wage in first world countries

>global minimum wage
>China can't undercut us on labor costs anymore
Not well versed in economics myself, but why wouldn't this be a good idea, given its even enforceable?
Isn't that pretty much what tariffs aim to do?

>Instead of studying for finals I'll shitpost on Sup Forums.

Same.

if you're not productive enough to meet the minimum wage you don't get a job

Running society on the honor system would be great too if it was fucking possible.

HEY GOY LET ME PAY YOU LESS SO YOU WORK MORE
ENJOY YOUR LIFE
*SWIMS IN GOLD BATHTUB*

GLUG GLUG GOYIM

How would you enforce a global minimum wage?

Star Trek tier fantasies.

Instead of a minimum wage we need a maximum wage for niggers

>Give every country the same minimum raise
>China gets an $8.50 an hour wage
> America and Europe "Fuck that shit" wages skyrocket in all not shitty countries

Every single territory in the world faces different advantages and disadvantages that a universal minimum wage cannot solve unless every single territory was EXACTLY the same and faced the EXACT same conditions.

Just raising the price floor without solving anything essentially

No incentive to excel. Think about your average burger flipper that hates their job, how little effort they put in, just trying to not get fired. Now apply this on a global scale.

Get new teacher.

I want the Spiderman meme to come back

I think your history teacher has downs

It's stupid because after you average wages globally...wait, it's brilliant! $1.75 and hour minimum wage is back!

As in the min wage is the same worldwide?
That's retarded lol
>live in a country where you can survive on 50cents a day
>get paid 15 dollars an hour

you should demand a refund on your course

Who would enforce this global minimum wage?

>global minimum wage
>countries with shit GDP can't afford to pay its workers
>go bankrupt cause of globalists
>get annexed
>continue in game of world monopoly until only one player left
>the world is one country, brown people everywhere
>one currency, one government

oy vey

same

fuck your spiderman thread you sick fuck.

this is now a loli thread.