Was this poster correctly responded to?
The response:
"A naive message. If wages are raised sufficiently the price of the goods will have to increase. The consumer in many cases will not pay the new price. The goods will be unsold. The manufacturer will go out of business & be bankrupted.
A sensible alternative is for governments to cease wasting money on their rorts, support of US military action, subsidising dead end industries that do not benefit the citizens. The money saved be spent on reducing the nation's cost of living, employment be created to employ citizens at wages that will enable comfortable living in each area of the nation (city living is frequently more expensive than country living), employment be created to enable adequate infrastructure of roads, rail, energy grids, child, elderly & medical care for all, education fit for the future needs of the country, affordable housing not housing giving the appearance of increasing the wealth of the nation through shortage & inflationary action.
A strong nation is one that ensures that all of its citizens are fed, clothed, housed, enabled in creating families that will prevent the future from dying, are given access to regular employment that will enhance their pride & self worth through the contributions that they make to that nation."
What are your thoughts?
1
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
4 comments
Feel free to reply to any comment by clicking the "Reply" button.Prices need not necessarily increase if the manufacturer/supplier was will to take a cut in profits.
Unfortunately greed has become a way of life thanks to years of exploitation of cheap labour with not admonishment.
LenHazell53
Level 9
July 17, 2021
1
i would say that that assumes that governments are trying to do the best for their people, when the broken Central Bank decidedly forces a different perspective; we have financial predators running the world. Not federal, no reserves
Lincoln’s (real) “greenbacks” caused a renaissance, in the middle of a civil war! (that the rothschilds openly threatened him with) that im noticing is a lot harder to even search than it used to be
bbyrd009
Level 7
July 16, 2021
1
The businesses that pay a living wage do better, they have employee loyalty, good productivity and do good business. Some employers don't treat their employees well pay them poorly so they get richer. A good example is Cosco they pay substantially more than others have low employee turnover high production and high employee loyalty, yet still make a good profit. Greed is the problem
bobwjr
Level 10
July 16, 2021
1
The one thing that I would add to the debate, is that there are good stats, showing that where governments institute and enforce good minimum wages, those countries always enjoy better than average economic growth. Perhaps because if you give more money to poorer people they are more likely to spend it locally within the country, instead of taking it to tax havens overseas, and by forcing bad ineffective companies, who only get by because they pay minimum amounts, out of the market place, it creates a better larger market for effective efficient companies.
Fernapple
Level 9
July 16, 2021
0
Sound philosophy but the greedy interfering north Americans have an ugly habit of behaving like children & impose sanctions.
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
Share this post
Categories
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.