Australia Has $16 Minimum Wage and is the Only Rich Country to Dodge The Global REcession

Off Topic Politics & World Issues
221

[quote]Zeppelin795 wrote:

[quote]usmccds423 wrote:

[quote]Zeppelin795 wrote:

[quote]usmccds423 wrote:

[quote]Zeppelin795 wrote:

[quote]usmccds423 wrote:

[quote]Zeppelin795 wrote:

[quote]usmccds423 wrote:

[quote]theBird wrote:
I didn’t read the whole thread, but something else for you all to consider is that Australia have had a “booming mining period” recently and that may be the reason we had dodged the recession.

On the topic of minimal wage it is also important to note that in Australia we don’t tip at all. So a higher minimal wage is most probably required.

Disclaimer: I am not an economist.

tweet[/quote]

Don’t worry Bird, someone brought it up. It was just ignored. [/quote]

The overall theory is that if you raise minimum wage you will destroy jobs. This is what we are told time and time again in this country. There is no stipulation for an increased economy. These fools on here would have the same argument if this was the 90’s and we had a boom in the tech sector. “Can’t raise the minimum wage because we will loose jobs”. And tipped employees are not the reason why the Aussie’s have a higher minimum wage and it really would have nothing to do with the argument anyway.
[/quote]

How does a boom in the tech industry relate to minimum wage? Are guys in Silicon Valley making $7.25/hr?

[/quote]

The same way a boom in the mining industry does…
[/quote]

And that would be? [/quote]
The mining boom is a defense as to why the Aussie’s were able to steer clear of the recession and to why the higher wage can be paid.[/quote]

It is a defense as to how they avoided the recession.

It does not explain how thay can pay a $16 minimum wage. Do miners make minimum wage? If they do, what happens when the boom ends? [/quote]
It has been used as a defense for both on this thread. I do not know what miners in Australia make but I’d wager it is above minimum wage.

You explain to me how Australia can pay higher wages than the U.S. and not have a net loss in jobs? They are proving it can be done as they are doing it.[/quote]

Well it’s a poor defense for min wage. If miners don’t even make minimum then how does a mining boom affect minimum wage at all?

Well there are a lot less workers in Australia with a relatively high GDP and strong economy. They pay significantly less in social programs based on sheer numbers alone. I don’t even need to look it up. 22 MM vs. 314 MM people of course its less.

222

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Why should the CEO in this country make 500 times the amount of it’s average worker.[/quote]

Because they do a job take requires 500 time more the skill, knowledge and intuition than the average worker.

It is.

Hey, I agree. Except I think people should earn this wage, not have it handed to them from the government. Because in order for the government to hand it to them, they have to steal it from someone else. [/quote]

I couldn’t disagree more with your assertion that the CEO’s actually earn their ridiculous pay.

Productivity has rose tremendously and wages have stagnated or even declined.
http://www.safehaven.com/article/30902/income-inequality-explained-why-wages-dont-wont-and-cant-keep-up-with-productivity

If the government didn’t mandate it, it would most likely never be paid.Humans are ever greedy.

223

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Why should the CEO in this country make 500 times the amount of it’s average worker.[/quote]

Because they do a job take requires 500 time more the skill, knowledge and intuition than the average worker.

It is.

Hey, I agree. Except I think people should earn this wage, not have it handed to them from the government. Because in order for the government to hand it to them, they have to steal it from someone else. [/quote]

I couldn’t disagree more with your assertion that the CEO’s actually earn their ridiculous pay.

Productivity has rose tremendously and wages have stagnated or even declined.
http://www.safehaven.com/article/30902/income-inequality-explained-why-wages-dont-wont-and-cant-keep-up-with-productivity

If the government didn’t mandate it, it would most likely never be paid.Humans are ever greedy.
[/quote]

According to your link it’s the governments fault:

"However, the natural state of affairs as a result of productivity increases is falling prices (not rising nominal wages). One look at computer prices (where there is no government or union interference) should suffice to prove the point.

Yet the Fed is hell bent on preventing price deflation. The Fed succeeded but it has been a Pyrrhic victory.

Prices are going up, but wages have not kept up. It is as simple as that.

In the absence of Fed policies, wages would be stable to declining, but prices would fall more, and thus real wages would rise.

Instead, and as a direct result of Fed inflationary policies, profits have gone to those with first access to money, notably banks and the already wealthy…"

“…Bottom Line
The Fed and its inflationary policies are directly responsible for the massive rise in income inequality, yet numerous economists promote more inflation and taxation of robots as the solution.”

Your solution is to have the Government impose a higher minimum wage?

224

[quote]Zeppelin795 wrote:

I couldn’t disagree more with your assertion that the CEO’s actually earn their ridiculous pay.[/quote]

And why is that?

You don’t even understand the concept of overhead, how can you possibly have any sort of valid opinion on what a CEo does or doesn’t deserve as far as pay.

Do you even have any idea what it is they do?

lol, did you even read that?

I take it you didn’t.

So… The government isn’t just a group of people now? Is the government not greedy?

How you can reconcile the fact that people in free enterprise are too greedy to be fair, yet the people in government somehow are is beyond me…

225

Do you even read what you link Zep?

226

I don’t know how accurate these are, but they are interesting non the less.

50% of CEOs make less than $250K a year
77% make less than $500K a year

62% have a Net worth of less than $5M
83% less than $10M

http://sports.yahoo.com/nba/news?slug=ycn-10423863

Average salary NFL: $1.90M
Average salary NBA: $5.15M
Average salary MLB: $3.31M

How a CEO performs can have a direct impact on jobs, salaries, bonus, benefits, etc… And they don’t make close to the amount pro athletes make.

229

[quote]pushharder wrote:

[quote]Zeppelin795 wrote:
Why should the CEO in this country make 500 times the amount of it’s average worker. Why shouldn’t wage be tied with productivity? People ought to be paid a wage where their life is made more comfortable and they do not have to worry about putting food on the table and being forced into bankruptcy because they get sick.[/quote]

Exactly.

$48 hr will accomplish this. Why won’t you climb on board? Tell me.[/quote]

I’m told that’s a strawman argument Push…

231

CEOs don’t even make as much as some doctors…

Where are these CEOs making 500x that of the average worker? ($43,000*500=21,500,000)

232

“Australia?s economic freedom score is 82.6, making its economy the 3rd freest in the 2013 Index.”

“Since the early 1980s, successive Labor and Liberal governments have deregulated financial and labor markets and reduced trade barriers.”

" Australia is one of the Asia?Pacific?s richest countries and has enjoyed economic expansion for over two decades."

“Australia?s regulatory environment, one of the world?s most transparent and efficient, is highly conducive to entrepreneurship. It takes only two days to launch a business. The labor market remains flexible, and unemployment is a relatively low 5 percent.”

America Vs. Australia

I’ve completely changed my mind, let’s model our economy after Australia’s. Let’s start with deregulation of the financial sector and regulatory transparency. Then we’ll talk about minimum wage.

233

[quote]pushharder wrote:

[quote]usmccds423 wrote:

[quote]pushharder wrote:

[quote]Zeppelin795 wrote:
Why should the CEO in this country make 500 times the amount of it’s average worker. Why shouldn’t wage be tied with productivity? People ought to be paid a wage where their life is made more comfortable and they do not have to worry about putting food on the table and being forced into bankruptcy because they get sick.[/quote]

Exactly.

$48 hr will accomplish this. Why won’t you climb on board? Tell me.[/quote]

I’m told that’s a strawman argument Push…[/quote]

I want to know why Zeparooski is opposed to the common man grossing $99k a year. It’s really not that much money.[/quote]

99K will raise wages for what 90% of Americans. I don’t see a problem with that.

234

[quote]pittbulll wrote:

[quote]NickViar wrote:
We also need to stop comparing the present-day USA to other countries that interfere with the economy as if the US doesn’t do that. Our government has been interfering for a long time. The fact that we have a minimum wage at all is already screwing things up. Any interference in the market screws it up and can only require further interference.[/quote]

You buy that KOOL AID Huh :slight_smile: I suppose if there were no minimum wage wages would magically be higher ?[/quote]

I don’t know what wages would be without a minimum wage. I know that when the government interferes in one way, that interference makes further interference necessary. If government interference is good, then there’s no reason to set such a low minimum wage as many are currently asking. Make the minimum wage 1 million dollars per hour and everybody will be rich beyond his or her wildest dreams, right?

We would either have to start printing so much money that our currency would be worthless, or all businesses would leave the country.

Good thing the big government interventionists would be in position to stop that. They could just mandate that nobody shut down a business or leave the country-everybody would have to keep working and producing just like before the million dollar minimum wage. When everybody makes a million dollars an hour, there’s not going to be a lot of money left for anyone to make a higher wage. Everyone will soon be making exactly the same wage. Hallelujah, you say!

However, the money soon runs out and also becomes almost worthless. Businesses can’t keep themselves open. Who’s that I see riding in from Washington on the back of a white horse but the government? It can buy the businesses that greed has caused to fail!

Now the government can run the businesses and we will be living in a utopian fairytale land! Ah, but now all money spent goes to the government, in addition to the tax it takes. Well, there’s really no reason to pay the people now, is there? The people can just work, and the government will provide them with what they need. No need for silly market forces anymore! It will be glorious!

Then some peoples’ needs will outgrow their worth to the business/government. Well, everyone has to go sometime, right?

Right, guys?

Interference necessitates further interference.

235

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:
All people are saying is that if the Aussie’s can do it why can’t the states? [/quote]

Post after post answering this question and you continue to ignore that and just keep asking it over and over.

lol

Also, loose v lose.

Big pants fit loose, and you lose games. [/quote]

no ur a looser

236

[quote]usmccds423 wrote:

“Australia?s economic freedom score is 82.6, making its economy the 3rd freest in the 2013 Index.”

“Since the early 1980s, successive Labor and Liberal governments have deregulated financial and labor markets and reduced trade barriers.”

" Australia is one of the Asia?Pacific?s richest countries and has enjoyed economic expansion for over two decades."

“Australia?s regulatory environment, one of the world?s most transparent and efficient, is highly conducive to entrepreneurship. It takes only two days to launch a business. The labor market remains flexible, and unemployment is a relatively low 5 percent.”

America Vs. Australia

I’ve completely changed my mind, let’s model our economy after Australia’s. Let’s start with deregulation of the financial sector and regulatory transparency. Then we’ll talk about minimum wage. [/quote]

So I guess we are just gonna let this go huh?

I want to model our economy after Australia’s now. Transparency and Deregulation everybody!!

237

So if you compare the top 10 here

http://minimum-wage.findthedata.org/

with were they rank here:

http://bber.unm.edu/econ/us-pci.htm

I’m not so sure the min wage is all that important.

238

[quote]countingbeans wrote:
So if you compare the top 10 here

http://minimum-wage.findthedata.org/

with were they rank here:

http://bber.unm.edu/econ/us-pci.htm

I’m not so sure the min wage is all that important. [/quote]

It’s doesn’t matter Beans, it’s just not fair. I mean take this story for example. That poor girl is just being screwed by the system. Her own choices aren’t at all a part of the problem…

239

[quote]usmccds423 wrote:

[quote]countingbeans wrote:
So if you compare the top 10 here

http://minimum-wage.findthedata.org/

with were they rank here:

http://bber.unm.edu/econ/us-pci.htm

I’m not so sure the min wage is all that important. [/quote]

It’s doesn’t matter Beans, it’s just not fair. I mean take this story for example. That poor girl is just being screwed by the system. Her own choices aren’t at all a part of the problem…

http://www.forbes.com/sites/laurashin/2013/07/19/how-she-lives-on-minimum-wage-one-mcdonalds-workers-budget/[/quote]

LOL…kinda-It’s incredible that the people accept the government forcibly taking their money to pay for that. Why should anyone be forced to pay for anyone else? Let her grovel to a church or charity to support her poor choices. Then the people paying would at least have a choice and that woman would have to face the source of her money.

240

[quote]NickViar wrote:

[quote]usmccds423 wrote:

[quote]countingbeans wrote:
So if you compare the top 10 here

http://minimum-wage.findthedata.org/

with were they rank here:

http://bber.unm.edu/econ/us-pci.htm

I’m not so sure the min wage is all that important. [/quote]

It’s doesn’t matter Beans, it’s just not fair. I mean take this story for example. That poor girl is just being screwed by the system. Her own choices aren’t at all a part of the problem…

http://www.forbes.com/sites/laurashin/2013/07/19/how-she-lives-on-minimum-wage-one-mcdonalds-workers-budget/[/quote]

LOL…kinda-It’s incredible that the people accept the government forcibly taking their money to pay for that. Why should anyone be forced to pay for anyone else? Let her grovel to a church or charity to support her poor choices. Then the people paying would at least have a choice and that woman would have to face the source of her money.[/quote]

Ya my favorite parts were:

I can’t work 2 jobs
I won’t work another fast food job
I have 4 kids with dead beat dads

Now 1 kid at 17 I get, young people make mistakes, but 3 more mistakes of that magnitude, seriously…