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| Australian minimum wage $16.43 in US dollars | |
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| Tweet Topic Started: Feb 22 2013, 11:54 PM (1,067 Views) | |
| Pat | Feb 22 2013, 11:54 PM Post #1 |
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Fire & Ice Senior Diplomat
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Unemployment rate 5.3 percent. |
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| Brewster | Feb 23 2013, 12:09 AM Post #2 |
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Fire & Ice Senior Diplomat
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Thanks, Pat. Someone should tell the Republicans. Typical Twaddle |
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| tomdrobin | Feb 23 2013, 12:28 AM Post #3 |
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Fire & Ice Senior Diplomat
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Another example that an economy and society functions better when everyone participates and benefits. This survival of the fattest, economic darwinism model only results in stagnation, with a few fat cats setting on huge sums of money while everyone else grovels for crumbs. We should have learned the lessons of the great depression and the prosperity of the progressive era, but somehow driven by near sighted greed we lost our way. Time for a new, New Deal. |
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| Neutral | Feb 23 2013, 12:31 AM Post #4 |
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Fire & Ice Senior Diplomat
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This isn't Australia to start with, second higher minimum wages will decrease jobs for the young and unqualified. |
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| tomdrobin | Feb 23 2013, 12:54 AM Post #5 |
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Fire & Ice Senior Diplomat
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http://www.economist.com/news/united-states/21571894-president-proposes-hefty-increase-minimum-wage-trickle-up-economics Minimum wage employers do so because they can get people who are desperate to work for it, and it benefits their bottom line. Many would work people for $2 an hour if they could get away with it. Meanwhile their employees make so little they qualify for entitlement programs like food stamps and medicaid. Why in the hell should taxpayers be subsidizing their payroll! During periods of high employment many of these companies like McDonalds have paid more than the minimum wage when they had to, and didn't go broke or lay off people in the process. A higher minimum was aside from being fair, puts more money in the hands of people who will use it to pay rent and buy groceries etc. priming the demand side of the economy which is what we need. GOP backward thinking seems to be only about preserving the incomes and profits of those who are doing well, and making paupers out of the rest. |
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| Brewster | Feb 23 2013, 12:54 AM Post #6 |
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Fire & Ice Senior Diplomat
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I presume the last person to learn anything from all this will be Neut. |
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| Neutral | Feb 23 2013, 01:00 AM Post #7 |
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Fire & Ice Senior Diplomat
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I presume the snot is still on the window. You lied again too Noclue, you said I was on permanent block. How many times is this now? lol |
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| Pat | Feb 23 2013, 01:05 AM Post #8 |
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Fire & Ice Senior Diplomat
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It's really quite simple guys, high productivity, add a sprinkling of capitalism-supply and demand, pour in a gallon of workers, mix it all up and have an expanding business community, jobs and more jobs, and the synergistic affect of the formula. It is simply a matter of adjusting values to output. There is nothing conservative or liberal about this, just stupidity by those who in past centuries still believed the world was flat. And I'm not throwing theory out here, I'm using a modern western nation as an example. Keep your head in the sand and wallow in poverty is the other option. |
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| Neutral | Feb 23 2013, 01:09 AM Post #9 |
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Fire & Ice Senior Diplomat
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Wow, just raising the minimum wage will solve all our problems! Why not raise it to $50 per hour. |
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| colo_crawdad | Feb 23 2013, 01:50 AM Post #10 |
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That is what the Republican talking points that were linked earlier said.
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