Factory workers are paid from factory revenue. Minimum wage increases the payment they receive and thus reduces the total factory profit.
What about pensions?
So if you have money it is better to enact pensions.
What does art endowment do in pdm?
I thought pensions were just free money to every POP.
I already have good pensions and trinket unemployment subsidies. And of course max education, advanced health care, art endowment (playing PDM)... I'll just wait 'till factories can make more money before enacting the minimum wage reform. If ever.
I'm also playing Russia right now in PDM, and find it impossible to enact Social reforms. You have found the solution to the great mystery. Now if only I could do it.