Lucky Luke
Well-Known Member
You are misreading me I think...
$2.00 per Gram coming soon
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Lucky Luke
Well-Known Member
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.
Frank Nitty
Well-Known Member
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...
ttystikk
Well-Known Member
It sure didn't work that way throughout the 1950s and 60s.
Low end wages don't drive inflation. Easy cheap access to money does.
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ttystikk
Well-Known Member
Here, here!
Roger A. Shrubber
Well-Known Member
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......
ttystikk
Well-Known Member
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.
Lucky Luke
Well-Known Member
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.
Lucky Luke
Well-Known Member
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.
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.
ttystikk
Well-Known Member
The economic policies you outline would be a welcome breath of fresh air here in the States.
Chris Christie's Belt
Active Member
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....
Funny that nobody ever argues that CEO's making 50 million a year drive up inflation, it must be the peoplemaking 11 bucks an hour.
The people making 20k a year and getting a raise are not the people bidding up house prices to 500k+....
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70's natureboy
Well-Known Member
Don't forget that our money is made of paper. It's the greatest hoax of all time. The value of paper dollars always goes down. This is how the federal reserve robs us all peacefully. Wealthy people don't hold and save paper. They invest it in something real and convert it back to paper later when they need some paper money. It's all a shell game and us peasants have to be happy picking up crumbs.
thumper60
Well-Known Member
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
thumper60
Well-Known Member
harsh as usa??, I grow an smoke what I want all legal just don't get caught selling
Chris Christie's Belt
Active Member
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 .
Frank Nitty
Well-Known Member
Not 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.. .
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thumper60
Well-Known Member
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 around
thumper60
Well-Known Member
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 kids
Roger A. Shrubber
Well-Known Member
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
Budley Doright
Well-Known Member
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.