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numonex on 30 November 2010
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scottie said:
numonex said:
scottie said:

Lol

 

http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country

 

In the country that you have spent your last few days shitting on, the minimum wage varies between $0.39 US and $0.97 an hour. US is $7.25 an hour. So the minimum wage is 7.5-18.6 times that in the Godless Red China. However, cost of living is 4.6 times as muchhttp://www.worldsalaries.org/cost-of-living.shtml. So in real terms, the US minimum wage is 1.6 - 4 times that in China. We in Australia enjoy minimum wages of Australian $14.31/hour. We have cost of living ~ to yours (1.061 times) and our currency is worth 0.95 times yours.This all adds up to Australians enjoy a minimum wage of 1.8 times that you get.

 

So whenever you think to yourself about how much better the USA is than those Deadly Violent Chinese Communists, always remember. Australia is better than you by about the same margin

1) Living costs rise when the minimum wage rises. If living costs were kept low by keeping minimum wages low. Inflation could be kept at low levels and workers could be better off. When wages are lower, the costs of living are lower and there are more jobs available. 

2) Union power are stronger in Europe/Australian than they are in the USA. Union power is weak and limited in USA and minimum wages are low in the US. Banning Unions will lower minimum wages. Asia has no Unions, they are banned. 

3) US population compared to Australia is around 15:1. 300 million in the USA compared to 20 million in Australia.

 

1) Yes, that is interesting and all, but as I just pointed out, there isn't a very significant difference in the real minimum wages of China and America - certainly not a significant enough difference to say 'we should be more like them' or that 'they should be more like us' In the eyes of the rest of the developed world, both the US and China have an unfairly low minimum wage

 

2) This is just not true. The Communist Dogs in China actually have trade unions http://en.wikipedia.org/wiki/List_of_trade_unions.

 

3) Not sure how this is relevant, care to explain why you pointed this out?

 

My point is simply that there is not as significant a difference between The PR of China and the US of America, and that in many ways, this minor difference is about equal in magnitude to the difference in Australia/Parts of Europe and USA, and so you shouldn't be so quick to look down on others, lest your own country be judged. As I said to you in the other thread, I would suggest you read a bit about China/Russia's history/politics/economy that wasn't written by Mccarthy.

Free up the labour market. Allow the free labour markets to decide the wages. More migrants compete and force wages lower and businesses save on labour costs. Supply and demand mechanisms should determine wages. Unions are no longer needed in a modern efficient economy. 

McCarthy was a great Capitalist who lead America in its war against communism. Communism was defeated 20 years ago and Free market Capitalism won.

Everything can be bought and sold on a free market economy. Prices are determined by supply and demand. A market always has sellers/producers and buyers/consumers.