I realise that this may be a bit outdated: but mainly, I just wanted to question Cuba’s minimum wage of $0.01 per hour. Because that works out to roughly $9 per month (assuming that $0.01 wasn’t a round-up). I’m fairly sure that’s “working for free”. And they’re meant to be socialist…
For an older post where I actually wrote something substantial, check out this one: South Africa’s “Living Wage”.
Rolling Alpha posts about finance, economics, and sometimes stuff that is only quite loosely related. Follow me on Twitter @RollingAlpha, or like my page on Facebook at www.facebook.com/rollingalpha. Or both.