No to the Schlein model minimum wage

No to the Schlein model minimum wage


Yesterday in the House Elly Schlein, secretary of the Democratic Party, defended the introduction of a minimum wage of 9-10 euros as a means of improving the living conditions of workers. However, despite the good intentions, such a proposal could have negative effects. The introduction of a uniform nationwide minimum wage, as proposed by Schlein, could trigger a number of unintended consequences. In particular, in less productive regions, such a significant increase in wages could jeopardize the survival of many companies. In turn, these companies could be forced to cut jobs or go out of business, further contributing to already worrying unemployment in the most deprived areas. A uniform minimum wage, moreover, could discourage investment in the South and curb the development of new businessesas labor costs would become less competitive than in more productive regions.

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