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Current time: November 3, 2026, 12:11 pm
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These Greedy Cocksuckers Never Change Their Story
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 (July 8, 2014 at 12:59 pm)Natachan Wrote: The minimum wage here in the US is about where the market would set it anyway. In the long term minimum wages don't decrease poverty, they just increase prices across the board. You could invest in education, charitable organizations, and infrastructure projects and fix the poverty problem much more effectively than artificially raising wages across the board. Since when is minimum wage set by the market? As far as I know there should be a law imposing it. It can be per hour or per month, in my case it's per month, but I can't talk much because our minimum wage of 475€ is a misery.
Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you
  RE: These Greedy Cocksuckers Never Change Their Story
July 8, 2014 at 1:10 pm
(This post was last modified: July 8, 2014 at 1:13 pm by Cato.)
 RE: These Greedy Cocksuckers Never Change Their Story
July 8, 2014 at 1:17 pm
(This post was last modified: July 8, 2014 at 1:18 pm by Dystopia.)
Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you
Moderate increases in minimum wage DOES help, however in the long run increases in minimum wage will cause inflation. It's finding the balance that's the hard part. Unions might be a better way of helping than government mandated minimum wage. Higher taxes on capital gains might help.
As to who is going to help with investing in infrastructure, education, and charities, I don't know. Perhaps if we took some of the defense spending here in the US and channeling it into these projects might help. (July 8, 2014 at 1:18 pm)Chuck Wrote:(July 8, 2014 at 12:55 pm)Blackout Wrote: In Sweden and Denmark there is no minimum wage and people live well. Having a minimum wage is not a necessity unless people don't earn enough. Also in Finland and Norway, and Germany, but I think Germany recently approved some sort of minimum wage, but I'm thinking it was only for some less favorable classes of workers, like construction workers and so on. Those countries can regulate professions that are usually less paid and more discriminated, but there is still no national minimum wage. According to wikipedia, the highest minimum wages are given in Canada, Australia, New Zealand, Japan, France and the UK (but this can be innacurate by the cost of living in every of those countries). Apparently Italy has no minimum wage too, but in this case seems contradicting, they are in a crisis.
Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you
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