Olive Drab Green
Well-Known Member
Nonsensical as fuck.
USA move closer to equality in wages
- Thread starter Jimdamick
- Start date
twostrokenut
Well-Known Member
Lucky Luke
Well-Known Member
How it works here. Min wage vs inflation in Australia.
Not perfect but not to bad.
Not perfect but not to bad.
twostrokenut
Well-Known Member
So that's 17-18% inflation in that 5 year period there?How it works here. Min wage vs inflation in Australia.
Not perfect but not to bad.
Lucky Luke
Well-Known Member
Lucky Luke
Well-Known Member
No. About the sweet spot avg of 3 %.
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Lucky Luke
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Lucky Luke
Well-Known Member
as we can see it, just means the wage earner keeps pace with the cost of international goods. Graph is US VS Aussie $. 70c per AU$ is about perfect for us.
ttystikk
Well-Known Member
MUCH better than America.How it works here. Min wage vs inflation in Australia.
Not perfect but not to bad.
UncleBuck
Well-Known Member
inflation is a good thing, as long as you don't live in a fucking trailer or something, and your retirement plan is something other than boiling down pre-1982 pennies like a fucking cuck.
twostrokenut
Well-Known Member
so what's the reason you want the min wage raised again? inflation allows us to police the world, all good right?
appreciation and inflation aren't really synomous. how is inflation affecting property prices in say gilbert, az compared to denver?
UncleBuck
Well-Known Member
just ignore the squiggly red line and continuing lurking on a pot website even though you don't grow or smoke.
part time CI is a good job. hey, money is money, right?
rat.
Lucky Luke
Well-Known Member
Inflation can indeed be beneficial for any worker.
Here is 1 example that effects every one of us.
We all want to retire with a pension. Be it a govt one or a self funded one or in my case a combination of both.
Inflation helps the money grow that is invested in those accounts as the investments usually involve some amounts of Stocks and Real Estate.
The only people that reasonable inflation growth has a negative effect on are those whose income does not keep pace with the inflation. This is of cause were having a min wage linked to inflation is key. Its a safety net for the working poor.
I have no idea what the price of Real Estate is in the placers you mentioned but real estate prices are based on demand vs supply. If nobody wants to live there they are not going to climb.
Property prices in Australian cities on avg (notice the words on avg) double every 10 years.
twostrokenut
Well-Known Member
so is your pension pegged to inflation? ppl tend to think of inflation in the us as rising prices, rather than an increase in the money supply.
pegging min wage to inflation is not a horrible idea but trusting the government to be just and virtuous seems to be a little easier in oz.
what's the price of choice grade rib eye steaks near you? I just picked up a few today for 5.99 lb on sale.
why even bother with this don't grow dont smoke rat shit? I can prolly post at least 10 quotes of you saying you have mine and lots of others personal info and that you've doxxed folks here. on a pot website.
in b4 "dose were duh wacist Nazi mysoginist trailer living welfare cuck trumper muh head:
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ttystikk
Well-Known Member
The idea that inflation is good only holds true if you have a lot of loans at low interest rates.
Since the CPI has been a sham since the Bush administration, even 'inflation adjusted' pensions don't keep up- nevermind minimum wages.
That said, the target should not be controlled inflation so much as full employment at lining wages. But that would require a donor class that gave a shit about the other 99%.
Since the CPI has been a sham since the Bush administration, even 'inflation adjusted' pensions don't keep up- nevermind minimum wages.
That said, the target should not be controlled inflation so much as full employment at lining wages. But that would require a donor class that gave a shit about the other 99%.
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UncleBuck
Well-Known Member
just seems odd that someone who doesn't smoke or grow and who talks about riding around with the cops and has befriended the site's avowed snitch hangs around spouting off his racism and rawn pawl goldbug bullshit in a place where he is clearly not welcome.
you narc on the side for extra cash?
twostrokenut
Well-Known Member
Lucky Luke
Well-Known Member
Kinda linked. Super payments are a mandatory payment by the employer to the employee (yes we even get free super if your a worker!) Currently 9.5% of your wage goes directly to your nominated super fund.
Cash in the bank is normally eaten up by inflation and bank fees. Interests rates usually dont add enough for the capital to keep rising. Super funds invest and try to grow your balance. This means in shares, real estate etc which of cause rise due to inflation.
Govt is not in charge of rising minimum rates of Pay, Its an independent body that does that. Fair Wage Tribunal.
I have no idea i dont do the shopping and normally buy Lamb or Pork (I much prefer Lamb and Pork over Beef) when i do and coudnt tell you the price per kilo anyway, let alone convert it to pounds,,, I just buy em.
I did a quick google and Scotch fillet (which is my preferred cut of beef) is $33 a Kilo at a supermarket near me (https://www.woolworths.com.au/Shop/ProductDetails/114200/msa-australian-beef-steak-scotch-fillet ) So 1/2 an hrs wage for me to purchase.
twostrokenut
Well-Known Member
a kilo is about 2.2 lbs. a scotch fillet is a boneless rib eye. that's about $15/lb. thats really high.