<Facebook post by Tan Kin Lian>
S'poreans still buy the PAP narrative that min wages will breed a lazy dependent class and drive costs + prices, leading to job losses. It is difficult to combat this when most people are not interested in researching the other developed nations with min wages.
The updated view is that min wages (when set properly) help to raise welfare without exacting very costly knock on effects on the labour market and prices. That is the modern up to date view of the role & impact of min wage legislation on labour markets.
i agree with this view. The argument put forward by PAP is hollow.