The Aussie minimum wage is AUS$23.60 per hour? Seriously?DrunkFace wrote:
Any economic policy changes take a minimum of 12-24 months to have nay effect on the Economy at all, and employment levels lag behind what is happening in GDP growth. Also take note this recession was meant to be as bad or worse then then the great depression which lasted almost 4 years. 18 months is just the beginning.Hurricane2k9 wrote:
It's been about a year and a half since the shit really hit the fan. And still unemployment sits at awful levels.That is complete bullshit. I bet all those companies were still pumping out billion dollar profits and paying the CEOs and upper management multimillion dollar bonuses. Not to mention Australian has a minimum wage three times that of the US and is one of the few economies to not enter a recession and by far the best performing developed nation over the past decade.Canin wrote:
Its been going on longer than that. The artificial inflation of the minimum wage had and has a lot to do with our current problems. Think about it, you force a raise in starting salaries through out the nation. Those companies then have to raise the pricing of their goods due to the fact that the work force costs more. Just because the entry level gets a pay raise does not mean the people already working and earning more than minimum get an increase. Yet they still have to pay more for the goods they were purchasing prior to the increase. Thus you have inflated pricing of goods and the workforce cannot afford to purchase them.Dilbert_X wrote:
That's awesome.
Oh wait...it's not.
Last edited by FEOS (2010-03-19 03:09:05)
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular