RE: Unemployment. Honest debate.
August 30, 2011 at 4:24 pm
(This post was last modified: August 30, 2011 at 4:30 pm by Anomalocaris.)
(August 30, 2011 at 4:20 pm)paintpooper Wrote: The rate of pay is only relative to the costs of goods and services. If my rate of pay does not allow me to afford the goods and services I need then I need a higher rate of pay. Costs of services has skyrocketed where as the rate of pay has not.
Example. I make about the same I did 4 years ago, +2000 perhaps a year. When the cost of my food, energy, shelter, increases faster than the rate of pay there is a problem, because if that continues....Average condo where I live now 150,000 4-5 years ago same property 100,000. It does not make sense at all to me how that is possible without money just being created out of thin air.
Well, cost of goods and services is a function of the rate of other people's pay and the cost of raw material. For the most part, Chinese raw material cost the same amount as American raw material, so that means essentially the whole reason why American rate of pay must be higher because of cost of goods and services is precisely American rates of pay already embodies in delivering those cost of goods and service is already too high for the value it adds.
We have to pay minimum wage earners more to feed a family precisely because we are already paying people to much to make the food what the minimum wage earners have to buy.