[sennight]

"Well, here we are in Australia, 115+ years on and this is still yet to happen.

Any ideas on when your predicted outcomes will kick in?"

[defrost]

And the question stands.

If a minimum living wage leads to economic collapse .. when will that happen (given that's not yet happened after 115+ years in practice)?

[sennight]

And the answer remains the same: a redefinition of what constitutes the standard of living is far more likely than "economic collapse"... it is already happening.