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Australian minimum wage $16.43 in US dollars
Topic Started: Feb 22 2013, 11:54 PM (1,072 Views)
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Cost of living in Australia is high which is one factor. However the more people make the more they spend and that stimulates the economy. Maybe that IS why an Australian dollar is worth 4 cents more than a US dollar when it was worth 50 cents a Decade ago. The problem with righties they do not seem to comprehend that the economy is a closed circle in many ways. The key to prosperity is keeping money in circulation. Their philosophy is keep the poor at subsistence level and cater to the wealthy. Problem is, the wealthy prefer to hoard money, not spend it. Trickle down is a fallacy. That stagnates the economy.
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Neutral
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As I said and Colo if I repeated talking points it's because they are so obvious.
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Brewster
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colo_crawdad
Feb 23 2013, 01:50 AM
Neutral
Feb 23 2013, 12:31 AM
This isn't Australia to start with, second higher minimum wages will decrease jobs for the young and unqualified.
That is what the Republican talking points that were linked earlier said. :smile:
And it only gets dumber when Neut repeats it.
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Neutral
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and the window gets snottier when Noclue presses against it.
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Pat
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Come on guys, discuss the points not politics or personal crap. I don't care if this is on the moon, as Telco stated ---people make more and spend more. Spending more means more demand and production, and the price per widget drops. You need millions of people spending tons of discretionary income.
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Neutral
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You forget that few will be working though. Let the market determine the wages.

No insults from me until I get one.
Edited by Neutral, Feb 23 2013, 02:10 AM.
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Pat
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Why do you believe a few will be working? I once thought that too until I dug into it deeper.
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Neutral
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For obvious reasons, there is only so much money for labor.
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Pat
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No there isn't, it has the same exponential growth. Look at this as physics not philosophy.
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Brewster
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popcorn
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