[Voice] Is the minimum wage high enough?
Sept. 9, 2013
Four subway rides, a newspaper and packet of cigarettes, or one Big Mac: That is what a minimum-wage worker can buy after an hour on the job, and have change of a couple of hundred won. The minimum hourly rate of 4,860 won, due to rise to 5,210 next year, amounts to 1.08 million won a month for a 40-hour work week. Differences in purchasing power make comparison between countries difficult, but the nation’s rate ranks on the low end of the scale among wealthy nations. In 2011, just eight of the