The politicians decide, BASED ON THEIR OWN OPINION, what they think a worker should earn at the minimum.
Minimum wage is at best, populism at work. At worst, it is a cosmetic change that looks good on the outside but changes nothing on the inside because it does not address the needs of workers or the needs of the industries where they work.
In economics, wages are determined by supply and demand, and productivity, among other things.
The Progressive Wage Model addresses the needs of the workers AND the needs of the industries.
The sectoral minimum wage is set based on HARD DATA, NOT AN OPINION.
Taking into account the needs of the lift and escalator sector, the sectoral min wage for this sector is set at $1850. That's $550 more than $1300.
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