Question Of The Day:

The Greek political troika pretty much agreed to the measures required by the IMF, ECB and EC to receive the next bail-out. One of the draft proposals was a 20% reduction of the minimum wage in Greece. an individual working full time for the minimum wage in Greece earns about $12k a year in the USD equivalent. A 20% pay cut would leave that individual with a annual pay of 9,600. What do you think the result of such a proposal will be in Greece . Will people even work? Do you think something like that could eventually happen here in the U.S. ?

What Are Your Thoughts ?