[quote]Aragorn wrote:
[quote]Zeppelin795 wrote:
[quote]jbpick86 wrote:
[quote]Zeppelin795 wrote:
[quote]UtahLama wrote:
[quote]speedycerviche wrote:
[quote]Zeppelin795 wrote:
Here is the exchange rate. Curious when living standards are applied how much the difference in pay comes out to? Of course education and medical needs to be taken into account. Also their unemployment is much lower. Then why do economists in the U.S. say if you raise minimum wage you loose jobs?
http://www.exchange-rates.org/Rate/USD/AUD/2-12-2013[/quote]
in Australia, they are losing those jobs because it is just too expensive to do that stuff there compared to the cheaper markets in South East Asia.
A big reason Australia still has a fantastic economy is due to its relatively SMALL SIZE and the fact it is in the middle of a MINING BOOM. [/quote]
Well that pretty much ends this thread.[/quote]
A statement ends this thread?
[/quote]
Yes, it explains how a system that is unsustainable, yet you are singing its praises, is somehow looking like its working. It will eventually fold however when the factors propping up a broken system cease to exist.[/quote]
You have to support your claim. Especially because stats were just given which tend to disprove that. 1) US has higher purchasing power after adjustment for currency and normative factors–in other words, AFTER adjusting for the factors you were wanting to be “taken into account to see how it would affect things” 2) US has a higher median household income 3) US has a lower cost of living than Australia.
[quote]They have been able to avoid recession all the while paying higher wages. How is that?
[/quote]
Two words, mining boom. What was JUST mentioned above you which you completely ignored. Boom in the boom bust cycle while the rest of the world is going through bust. It’s a bubble, in other words, and a big reason they’re ok. ]
Do you even read the stuff you respond to?[/quote]
You know it’s funny, you clowns married to the free-market will come up with any excuse as to why others can do it but we can’t . Even though the U.S. spends twice as much as other countries that have government run healthcare you guys will find an excuse as to why that is happening and why it won’t work in the U.S.
Even though other countries have their education paid for and continually outperforming us you will find an excuse to reach for so that you can make yourself feel comfortable with your own pre-conceived brainwashed ideas of the free-market as to how we can’t do it.
Australia is being paid better because it’s smaller and there is a mining boom. But even though the pay rate is much better, they have avoided recession and they have a form of universal healthcare somehow there is an excuse. It can’t be because the system they have out performs ours. Because we have all been propagandized to death so we are blind to the evidence that is all around us.
Do you even read?