$15 minimum wage?

**avgas** · 24th May 2011, 14:25

I am guessing many here failed their economics class.
There is a simple thing called supply and demand. If there is excess supply (workers)......putting a minimum wage in there is only going to make things worse.......increasing that figure - you do math.

Google it for diagrams if you wish.

**Banditbandit** · 24th May 2011, 14:33

Originally Posted by avgas

I am guessing many here failed their economics class.
There is a simple thing called supply and demand. If there is excess supply (workers)......putting a minimum wage in there is only going to make things worse.......increasing that figure - you do math.

Google it for diagrams if you wish.

Yeah maybe ... but when we are importing seasonal workers ....

And we live in an international free market - and that includes the labour market ... why do you think our workers are going overseas ???? Mabe it's because they can get more money there? Is there an undersupply of workers out there???

**oneofsix** · 24th May 2011, 14:41

Originally Posted by avgas

I am guessing many here failed their economics class.
There is a simple thing called supply and demand. If there is excess supply (workers)......putting a minimum wage in there is only going to make things worse.......increasing that figure - you do math.

Google it for diagrams if you wish.

economics class, thinly disguised propergander for the capitalist way.
supply and demand never works in the purest way you suggest. Anyhow there is a demand out there for the workers money so increase the supply of that money by increasing their wages, simple

and because there is more money then there can be more jobs created in the supply and service areas. You've solved the problem

pay more

**Usarka** · 24th May 2011, 15:18

If it's such a good idea why not raise the minimum wage to $60/hr?

**Banditbandit** · 24th May 2011, 15:19

Originally Posted by Usarka

If it's such a good idea why not raise the minimum wage to $60/hr?

Shit - I don't want John Key to get a pay rise tooo

**superman** · 24th May 2011, 17:02

Originally Posted by Banditbandit

They built these islands in the sea for Gawd's sake .. how much did that cost? And how much does it cost to live there? Just look at it ...

You do know those islands are built for the future tourist sector need for Dubai because they know that their ownly profitable export at the moment is oil, which will soon run out or run out of demand in the near future. They need a way to have an income in the future, and the only way to do that for a clump of sand on the earth is to make it a tourism must.

**steve_t** · 24th May 2011, 17:19

Originally Posted by oneofsix

economics class, thinly disguised propergander for the capitalist way.
supply and demand never works in the purest way you suggest. Anyhow there is a demand out there for the workers money so increase the supply of that money by increasing their wages, simple

and because there is more money then there can be more jobs created in the supply and service areas. You've solved the problem

pay more

Hahaha... good one

Oh, you're not joking...

Increasing wages creates more jobs?? I suspect you avoided high school "capitalist propaganda" classes

**Blackshear** · 24th May 2011, 18:31

It seems - and this is an assumption, obviously - a lot of these posts are made by people that would be absolutely buttfucked by a minimum wage of $15 in these current times.
Granted you're living around what you can currently afford, you'd be surprised at what 12.50 an hour DOESN'T buy you. That's $400 a week after tax. If you're single, that makes it even harder. Add the price of food/housing/rates/petrol/rego...

I completely understand the other side of the coin, I was on $13/hr when minimum wage was $9/hr, and I worked my fucking ass off to get that raise by doing several 70 hour weeks and 'smoko but not smoko' jaunts, then a month later it flies up to $12 for every other lazy asshole.

It's just so hard to live on minimum wage currently, even harder if you have a car commute.

**steve_t** · 24th May 2011, 18:53

Originally Posted by Blackshear

I completely understand the other side of the coin, I was on $13/hr when minimum wage was $9/hr, and I worked my fucking ass off to get that raise by doing several 70 hour weeks and 'smoko but not smoko' jaunts, then a month later it flies up to $12 for every other lazy asshole.

Out of interest, when the min wage went from $9 up to $12, did your pay go up from $13?

**Virago** · 24th May 2011, 19:11

Originally Posted by oneofsix

the answer to that would be to legislate that all wage and salary earners get a $2 raise.

Originally Posted by oneofsix

oh shit panic panic. It might lower profits but not cost jobs. Novel idea, instead of high wages for CEO and takes for share holders put more money in the pockets of the workers who them spend it in NZ and the money goes around instead of increasing overseas debt.

...

$2 an hour raise each? No problem...

I pay my employees (on average) around $17 an hour - about the same as I pay myself. So I should stop being such a greedy selfish bastard and give all my money to my employees instead?

I'd appreciate your advice - you certainly have all the answers...

**merv** · 24th May 2011, 19:16

If we really do want to catch up with Australia we need a Government with foresight that will bury the dumb arse National Party policies that think we can shrink our way to success. Sorry John Key and Bill English if you look down a spiralling vortex it is a long way down and the less you have the quicker you'll have even less again.

We want growth brothers so everyone prospers. Increase the money go round, don't try and shrink it, coz the shining light countries don't do that, only the basket cases.

The business owners that vote National need customers ya silly f....rs so the more money everyone has the better.

I went to Melbourne for most of last week and seeing the wealth there now compared to here it won't be long and won't be able to afford to visit there with the price of hotels and parking even.

As for asset sales, I'd never sell my high performing assets, best to hang onto them then paying a decent minimum wage wouldn't be a problem.

**Blackshear** · 24th May 2011, 19:35

Originally Posted by steve_t

Out of interest, when the min wage went from $9 up to $12, did your pay go up from $13?

No. That's why I left.
Literal blood and sweat for nothing, really.

**Virago** · 24th May 2011, 19:35

I'm sick of all the pathetic bleating about Australia.

Some basic facts - New Zealand's national debt (per capita) is roughly ten times that of Australia. Servicing that debt costs us dearly. There is no magic wand to fix that.

A home-owner servicing a $300,000 mortgage is not going to have the same lifestyle choices as his mortgage-free neighbour. 'tain't rocket science...

**Mully** · 24th May 2011, 19:39

Originally Posted by Virago

IA home-owner servicing a $300,000 mortgage is not going to have the same lifestyle choices as his mortgage-free neighbour. 'tain't rocket science...

That's where you're wrong. As a rule, their lifestyles will be the same, but one will be borrowing (more) to achieve that lifestyle.

They shouldn't have the same lifestyle, I grant you.

**mashman** · 24th May 2011, 19:55

Originally Posted by superman

You do know those islands are built for the future tourist sector need for Dubai because they know that their ownly profitable export at the moment is oil, which will soon run out or run out of demand in the near future. They need a way to have an income in the future, and the only way to do that for a clump of sand on the earth is to make it a tourism must.

You're having a larf.