South Korea's program of higher wages and taxes – so far, it's not working
Odd they only interviewed business owners and employers, and not the people who benefit from higher wages.<p>Of course, this article scratches its head because it is assuming SKorea = USA and South Koreans = &#x27;Muricans. Maybe we should look at the biggest driver of the economy in the US: consumer spending. Giving workers higher wages causes a boom in spending and a boom in economic growth (see: the wage increases in the 1990&#x27;s and the largest boom in latter 20th century history). Maybe SKoreans just don&#x27;t need to own piles of crap like americans? Maybe we should look at what historically the biggest driver of the SKorean economy is, and see if raising wages would actually increase that.<p>Too bad the article is so thin on actual economic history and, um, knowledge.