Lucky Luke
Well-Known Member
You are misreading me I think...Things are tough all over...
You are misreading me I think...Things are tough all over...
I work for myself so what the minimum age is is not what I earn.the problem with raising the minimum wage, is that within a year, maybe two at the most, inflation will eat that raise, and more. the minute the minimum wage is raised, the price of things goes up. slowly, they don't want to shock you, but trust me, two years after the minimum goes up, you'll be in the same place you are now, or worse
No, i mean that I know Australia has harsh drug laws because of all the drugs that came through there during the Vietnam War and all that... America is the same way because this is the Grand central station of every drug damn near known to man... You get more time for getting caught with drugs, selling drugs, using drugs, than you get for murder, rape,or being a pedophile...Go figure... Like I said, things are tough all over...You are misreading me I think...
It sure didn't work that way throughout the 1950s and 60s.the problem with raising the minimum wage, is that within a year, maybe two at the most, inflation will eat that raise, and more. the minute the minimum wage is raised, the price of things goes up. slowly, they don't want to shock you, but trust me, two years after the minimum goes up, you'll be in the same place you are now, or worse
Here, here!I work for myself so what the minimum age is is not what I earn.
I understand allot of Americans don't seem to like a liveable minimum wage and come up with all sorts of reasons why it doesn't work. We have an Independent Fair Wage tribunal that sets the federal minimum wage or should I say recommends to the parliament the federal minimum wage. Have had it for decades. Works for us.
Most goods and services rise over time (inflation) our minimum wage tries to keep up so the cost of living and wages remain on an even'sh keel. Our housing market just hasn't stopped rising for over ten or twenty years due to everybody wanting to buy housing in Aussie, demand cannot keep up with supply so wage growth has to at least try to keep up. Rents are rediculasly expensive and that's IF you can find a property to rent. Which has been a struggle as our wage growth has been stagnant in most sectors. Something the govt has not addressed very well and the reserve bank is pulling its hair out over.
I heard a senator (Jacki Lambie) talking about the bottom earning people spending any left over money as "trickle up economy" last night. I certainly would have less of an income if the bottom end of the workforce had less money to spend.
Anyways, not the thread for us to be debating wages economy and its 10 am, time I went and did a few hrs work.
Might I point out that asset prices and the cost of everything from fuel to frozen chicken nuggets has been rising steadily or faster even while minimum wages have not been rising.don't misunderstand me, i'm not against people doing shitty work getting paid more for it. that's just what i predict will happen. the mond set now isn't even close to what it was in the 50s and 60s, as soon as people get paid more, rent will go up, the corner market will raise its prices, the price of weed will go up......
No, we dont have harsh drug laws. At least not harsh cannabis ones. Not as easy going as Europe or India but no where near as harsh as America.No, i mean that I know Australia has harsh drug laws because of all the drugs that came through there during the Vietnam War and all that... America is the same way because this is the Grand central station of every drug damn near known to man... You get more time for getting caught with drugs, selling drugs, using drugs, than you get for murder, rape,or being a pedophile...Go figure... Like I said, things are tough all over...
The economic policies you outline would be a welcome breath of fresh air here in the States.Inflation is driven by the market. The market wants and needs to see rising profits. Easiest way to do that is with a very small price increase or more industrialization.
As a home owner and especially when I had a few houses and as someone who has some superannuation invested into the stock market inflation is good.
The best way to drive a countries economy is with population growth and wage growth. Together they are a winner. More people spending and consuming goods leads to more business and employment suppling that need. The problems arise when wages get left behind or with a declining and/or aging population.
Lets not forget that most people are not on minimum wage and earn a fair bit more than that but its important that the under dog can survive and contribute to the economy. Minimum wage is a safety net. It protects employees from unscrupulous bosses. Especially important in Australia as we have an employer paid superannuation for staff which I believe is 9.5% at the moment. So in effect if someone earns $1000 for the week then the employer also has to pay $95 into the employees nominated superannuation fund. Which in the main gets invested into the stock or housing markets...and thus the cycle continues.
Uh, that is not true at all though. 5% of Americans make minimum wage, giving them a raise will not drive up the price of everything 100% as the entire payroll will increase less than 1% So you are off by a factor of a 100. Think about it a little more....the problem with raising the minimum wage, is that within a year, maybe two at the most, inflation will eat that raise, and more. the minute the minimum wage is raised, the price of things goes up. slowly, they don't want to shock you, but trust me, two years after the minimum goes up, you'll be in the same place you are now, or worse
please stop the total nonsense u don't get more time for selling,using drugs than murder or rape u might be right on the pedos! but that's changingNo, i mean that I know Australia has harsh drug laws because of all the drugs that came through there during the Vietnam War and all that... America is the same way because this is the Grand central station of every drug damn near known to man... You get more time for getting caught with drugs, selling drugs, using drugs, than you get for murder, rape,or being a pedophile...Go figure... Like I said, things are tough all over...
harsh as usa??, I grow an smoke what I want all legal just don't get caught sellingNo, we dont have harsh drug laws. At least not harsh cannabis ones. Not as easy going as Europe or India but no where near as harsh as America.
please stop the total nonsense u don't get more time for selling,using drugs than murder or rape u might be right on the pedos! but that's changing
May 28, 2018 - Lyle Burgess pled no contest to the statutory rape of a 5-year-old girl. ... 79-Year-Old Man Gets 90-Day House Arrest After Pleading No Contest .please stop the total nonsense u don't get more time for selling,using drugs than murder or rape u might be right on the pedos! but that's changing
Not cannabis, and a lot has changed since the 70s also...No, we dont have harsh drug laws. At least not harsh cannabis ones. Not as easy going as Europe or India but no where near as harsh as America.
Man, i just got home from prison, so i know firsthand how it goes... I just did almost 10 yrs for 25 grms of coke.. .please stop the total nonsense u don't get more time for selling,using drugs than murder or rape u might be right on the pedos! but that's changing
not as a first time offender no way! I have been in prison also I did fed time with thousands of others just like me never met anyone doing a dime for 25 grams first time aroundNot cannabis, and a lot has changed since the 70s also...
Man, i just got home from prison, so i know firsthand how it goes... I just did almost 10 yrs for 25 grms of coke.. .
theres always one that slips thur but that's not the norm, they r slamming the pedos here in my state ,to many repeaters hurting kidsMay 28, 2018 - Lyle Burgess pled no contest to the statutory rape of a 5-year-old girl. ... 79-Year-Old Man Gets 90-Day House Arrest After Pleading No Contest .
you guys are looking at this from the view point of people with money. it doesn't matter to poor people what the interest rate is.Might I point out that asset prices and the cost of everything from fuel to frozen chicken nuggets has been rising steadily or faster even while minimum wages have not been rising.
This suggests that the causes of inflation lie elsewhere. Like many economists, I'm much more inclined to blame easy credit at historically low rates and high income and wealth inequality for inflation. And bank bailouts.
Not to mention the affected business raising their prices, cutting breaks, cut benefits. Just watched it happen here. It’s funny how some buisness owners embrace a living wage while others claim it will bankrupt them.you guys are looking at this from the view point of people with money. it doesn't matter to poor people what the interest rate is.
it doesn't matter to poor people what the yield on a roth ira is...
it matters how much utilities are, how much gas cost, how much rent is, how much groceries cost. and those things will go up on a local level, where ever they raise the minimum wage. because the people setting the prices there know their customers are now making more money.
it doesn't require financial analysis, it requires knowing that people will charge what they can get away with charging.
within 2 years of the minimum wage getting raised, poor people will still be right where they are, and probably a little worse off