(July 25, 2013 at 11:49 am)bladevalant546 Wrote: German,
I am wondering are trying to present this to the American Economic Paradigm and how it can apply to it?
Nope.
I have had many debates with friends over this unique economic model. And I have personaly anticipated the release of this study and wanted to see what results this model provided without making any judgements before the facts are known.
And I know how much the liberterians (at least in our country) love to talk about how good it is..... or rather should have been.
Now that there is a study which examines the effects of such a system I hink it was worth posting.
I will also keep an eye open to see if there will be an english translation published soon.
(July 25, 2013 at 12:02 pm)Minimalist Wrote: Over here the minimum wage has not kept up with inflation and the result is that the "working poor" end up being subsidized by various welfare programs.
The average "minor wage" in Germany is at about 9.45 euros an hour (which is more than the legal minimum wage in alot of other European countries). Which is just enought to not depend on welfare, when you keep in mind that living standards are also higher than in alot of other European countries (depending on where you live (it would not be enought in Hamburg and Munich)).
It is actualy illegal to pay employees a wage on which they still have to depend on welfae benefits here - and you would be considered to be a parasite and the legal consequences would be pritty damning for your buisness and yourself. But I think there are exceptions for small buisnesses - not that they are allowed to keep employees on such a poor wage, I think they can apply for a low interest loan given by the goverment to pay proper wages, whilest the buisness can build itself up.
(July 25, 2013 at 11:50 am)Moros Synackaon Wrote: Perhaps there is no "One True" economic implementation and that compromises sooner or later break down.
A better question is, is there a better, efficient model that can be more fair?
Who can help implement it?
How flexible would a different model be if there were to be an economic downturn?
My guess is that there is no such thing as a "perfect model" which can run a economy. To me that is utopian thinking which I as a democrat firmly reject.
I actualy can see the benefits of such a system especialy during times of crisis, but it is not a long term system since it does not help in creating wealth.
It should be implemented in times of crisis (unless other systems are found to be more efficiant). But at the end of a crisis a minimum wage should be reimplemented to ensure that there is no exploitation.
