@averagejoe1 saidSalaries should be enough for employees to live.
And Biden said to business owners facing labor crisis...."Pay More". But, He said nothing about raising their prices to cover the increased wages.
@wildgrass saida person has the ability to dictate their salary
Salaries should be enough for employees to live.
@wildgrass saidThere is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
Salaries should be enough for employees to live.
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.
@eladar saidOf course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.
Define live on.
If everyone makes more money things like rent and property prices will just go up as well.
Everything evens out in the end. As inflation continues, you need to make more money just to keep up with your earlier standard of living.
@no1marauder said?
Of course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.
@averagejoe1 saidI'm surprised someone who taught "economies" doesn't understand that IF increases in salaries were always accompanied by equal percentage increases in prices, the standard of living would always remain the same.
?
@averagejoe1 saidCommon sense would be:
There is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.
IF their salary isn't enough for someone to live, they'll die defeating the whole purpose of working in the first place.
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@no1marauder saidActually, I 'still' teach, and it is Finance, not economics.
I'm surprised someone who taught "economies" doesn't understand that IF increases in salaries were always accompanied by equal percentage increases in prices, the standard of living would always remain the same.
You are right, common sense, but don't get your point. Certainly you don't want a person's standard of living to remain the same. To me, that sounds like people living under socialism. Brrrrrrrrr
@mott-the-hoople saidnow they do. At least a little
a person has the ability to dictate their salary
@averagejoe1 saidWe are saying. Since always. When we started saying that a family shouldn't send their children to work. When we started forming unions. When we said we should reduce the hours we have to work, so that we manage to live our lives as well, not just be forced to work to barely scrape by.
There is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.
When we established minimum wage laws, that was an actual law, saying: this is what someone should pay, at the minimum, for an hour of labor. It's just that some countries (the good ones) have gradually increased that minimum wage and you, the bad country, have not.
In other news, apparently minimum wage workers cannot afford a two bedroom apartment to RENT (definitely not buy if you say again like a moron that one should simply buy duplexes and rent them out to make some money) anywhere in the US
https://www.whsv.com/2021/07/18/minimum-wage-workers-cant-afford-two-bedroom-rental-anywhere-country-new-report-says/
@no1marauder saidAdvancement in technology certainly makes life easier. Having people in poor countries with rent 10 dollars a month providing low wage labor helps to make things cheaper.
Of course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.