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Australian minimum wage $16.43 in US dollars
Topic Started: Feb 22 2013, 11:54 PM (1,071 Views)
colo_crawdad
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I m wondering to what Neutral attributes Australia's low unemployment rate?
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Pat
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Who knows, all i know is what I have been proposing might seem radical to some, but it works. Shouldn't that be the reason behind all monetary policy in our own lives and that of society? I'm telling you, this is not about politics or philosophy, it is a matter of using the physics as applied to what i noted above. I don't know how my TV works, but it works, that's all that matters to me.
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Deleted User
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The simple answer is what newt says, more wages less people working. Trouble is that does not appear to be the case in practice. In BC where we have a highly unionized work force, we also have a low unemployment rate.

I remember being on strike many years ago and a store owner complained about picketing the companies premises which was next door to his store. we suggested if he objected so much he should put up a big sign saying "no unionized people welcome here" and see how long he stayed in business. The fact of the matter was a huge percentage of his customers were unionized employees at the company next door.

There is also the point that people who are paid a decent wage may be more productive and loyal to their company which amounts to the same thing.
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Neutral
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As I said earlier, why not raise it to $50 an hour then if it works so well?
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Pat
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You don't need a union middleman Teleco if common sense is nationwide.
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Not if a company pays a fair wage for services rendered. Trouble is not all of them do.
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Berton
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Pat
Feb 23 2013, 04:56 AM
You don't need a union middleman Teleco if common sense is nationwide.
Why not raise it to $1,000 then?

Does the cost of the product these workers are making going to go up?
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tomdrobin
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Neutral
Feb 23 2013, 02:53 AM
As I said earlier, why not raise it to $50 an hour then if it works so well?
Now your being ridiculous. Minimum wage employers could absorb the $60 a week more for a full time employee out of profits. But, requiring them to pay another $1500 or so a week would fulfill your layoff prophecy.

It's like the rights phony tax arguments. Sure if you tax enough you depress economic activity. But, to apply that across the board to any tax increase is disingenuous.
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Berton
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No, it is the obvious extension of your policy.
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tomdrobin
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Berton
Feb 23 2013, 01:26 PM
No, it is the obvious extension of your policy.
Are you nuckin futts? It's not an obvious extension, it's a ridiculous extension offered up by someone who has no valid argument against increasing it to $9 an hour.
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