Want More Unemployment? Increase the Minimum Wage

Trade unionists who promote it, the officials who estimate it, the rulers who decree it, are not part of the legion of unemployed who surely would work for less than the official minimum wage.

Monday, March 9, 2015


The unemployed have no voice, in principle because they do not pay a sindical fee, and if they did have one, they would not raise it, because it feels devoid of the dignity necessary to do so, because they are used to adopting a very humble position in job interviews. Nothing further impoverishes the human spirit that lack of gainful income of one form or another.

The unemployed, for lack of good jobs, would take bad jobs. They would be content to work -and to get paid - four hours instead of eight, and they would not mind working today and not tomorrow, even if it was without social benefits because their problem - his and his family - is eating today: tomorrow is another day.

The unemployed do not enjoy the main human right: free will. When there are no good jobs they can not choose to take a bad job, which even though it is bad still mitigates their needs. Unionists, bureaucrats and rulers decided that there can be bad jobs, but only good jobs, because for them the harsh reality of globalization does not exists, globalisation which requires employers in the real sector to be competitive globally, on pain of extinction of their companies and of job creation.

More on this topic

Raising the Minimum Wage with 10% Unemployment

April 2016

Costa Rican industrialists warn that increasing the minimum wage in the private sector by 34% will cause more unemployment and encourage more companies to operate unofficially.

The bill concerning the minimum wage will endanger plans for new hires in the private sector, and its passage into law could cause more informality and more unemployment.

It's Easy to Talk About Differentiated Minimum Wages

January 2016

From the comfort of a heated office and after receiving thousands of dollars in salary at the end of every month, well-intentioned people are trying to take away from those who have nothing, the possibility of having a job.


The indispensable struggle for the dignity in jobs and the eradication of slavery of the people living under a wild form of capitalism, has led to the introduction of minimum wages in modern societies.

Bad Idea: Increasing the Minimum Wage

October 2015

In a context of high unemployment and informal work any increase in the amount of the minimum wage produces more unemployment, more informality, and consequently, more poverty and inequality.

In Costa Rica, the latest numbers released by the National Statistics Institute (INEC) located unemployment during the first quarter of 2015 at 10.1%.

What Salary is Lower Than The One You Dont Have?

April 2015

In the discussion taking place in Guatemala on differentiated wages, voices are being heard, speaking from the comfort of their desks, framing the issue as an all or nothing situation.


Juan Carlos Tefel, Director of the Board of the CIG and General Manager at Fogel, discusses with entreprenureal pragmatism but also social sensitibility the issue of the definition of differentiated salaries for some Guatemalan communities that have "a high rate of unemployment and 'real' income well below the minimum wage. "

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Sep 28)
Brent Crude Oil
Coffee "C"