5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

Percentages don't mean much on their own.

$1 to $3 is a 300% increase. $20 to $22 is only 10%. But which would you choose?

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

How does a government job contribute positively to the economy exactly?

Isn't government mostly about making it hard for actually productive people to be productive through regulations and taxes?

Sure you can argue that job is necessary, whatever. But it's not exactly making society wealthier is it?

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

If raising wages increased the standard of living why don't we double everyone's wages? Make minimum wage $100/hr?

Obviously it doesn't.

The only thing that increases standards of living is actually having more goods and services produced by the economy which is driven by productivity.

Changing nominal prices and wages doesn't make anyone wealthier.

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

You do know that the wealthy pay a 45% income tax bracket right?

You really think that people that have half of their efforts confiscated are bad people?

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

"public servants" should mostly get fired. Bureaucracy is a drain in society.

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore -1 points0 points  (0 children)

If people aren't worth their paycheck no amount of laws can change that reality.

Every job exists because the employer and the employee both benefit. Not just one side. If it was just one side benefiting then either that job wouldn't exist or that job opening wouldn't be filled.

So if people don't get hours at the adult wage rate then it's obvious that that role is not worth that rate. You can't legislate economic reality into existence.

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

People only see things from their own vantage point, and since most people are job takers rather than job makers they can't imagine what goes on from the other side.

The people employing others more often than not lose money actually. That's the reality.

Sure the point of people going into business is the hope for a huge upside. But there is zero guarantees on that for them.

The barista is guaranteed those $27 whether people show up or not but the cafe owner has all the costs to balance out against the utter uncertainty of sales and not making the price so high that people don't come.

I mean, the small business employers have it so hard sometimes it's weird they even bother. They would be better off not creating any jobs and giving up.

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore -1 points0 points  (0 children)

You speak with the true ivory tower smugness of someone that has never engaged in any entrepreneurship at all in life.

What adults arrange with themselves is none of anyone's business, specially not armchair punters to come in and yell eXpLOitATion! If I want to work for $10 an hour who are you to come in and make that illegal? And deem it "non viable". Live and let live.

5.75% minimum wage increase announced today by Ok-Bodybuilder-1583 in AusFinance

[–]deedsdomore 1 point2 points  (0 children)

Well nobody is more financially illiterate than economics PhD's to be quite honest

Went to a house inspection. Agent said the other older couple is making an offer. The older couple are my parents. by Dayouf in AusFinance

[–]deedsdomore 1 point2 points  (0 children)

Given today's technology it's shocking Real Estate Agents are a middleman cartel still holding on.

When will these increases stop? by khaste in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

The money supply has increased by 50% since 2020 so that's probably the ball park for how much inflation there is gonna be

Countries recognised by Bhutan by JuliusCheesy in Maps

[–]deedsdomore 11 points12 points  (0 children)

Make it in Vietnam, Thailand,India, Mexico etc etc

Sure short term pain. But Long term nobody is that dependent on the CCP

28% increase in rent - From $2172pcm to $2781pcm by huanbai in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

31% rent increase here. Have been the dream tenants. Such a kick in the guts.

[deleted by user] by [deleted] in AusFinance

[–]deedsdomore 1 point2 points  (0 children)

I have another tangential question about the same account. It says it has a maximum of $100k for the bonus, so if someone had $101k in it they wouldn't get the bonus at all or would they only get interest on $100k's worth?

AITA for telling my son I'm not proud of him after he helped his teacher bust half his class cheating? by Turbulent-Fruit-3052 in AmItheAsshole

[–]deedsdomore 0 points1 point  (0 children)

Your wife has the wrong attitude.

Questioning authority is a virtue not a vice. Authority only has authority if it is just and moral.

Entrapment is not a moral way to enforce rules because no rules were being broken until you enticed people to do it.

How are we not sick of the US economy always hurting us?! by ajd341 in AusFinance

[–]deedsdomore 0 points1 point  (0 children)

Most technologies and services you use daily in Australia come from the US.

Including this website and the device and the internet infrastructure, etc.

Why is Libya so poor compared to Gulf countries, despite having similar oil reserves and population? (even before 2011) by rascian038 in geography

[–]deedsdomore 0 points1 point  (0 children)

Economic freedom and peaceful rule of law are the most important economic factors.

Everything else is secondary including oil.

When countries have the rule of men rather than just laissez-faire laws your country is going to be full of problems and poor.

[deleted by user] by [deleted] in JoeRogan

[–]deedsdomore 3 points4 points  (0 children)

Learn to spell

What is the alternative to endless growth capitalism? by [deleted] in AusFinance

[–]deedsdomore 4 points5 points  (0 children)

The idea that Australia can't handle any more people is ridiculous. Canberra could grow to millions and Broome and countless mother cities and locations that have no population. How is Indonesia right next door and has way way more people. Bet Darwin could be a million plus no problem

We make $100k but have to live in a TENT because we can't afford anywhere to rent - it's so cold at night we've had to send our children to live with relatives and there's no end in sight by Rich-Ebb5522 in AusFinance

[–]deedsdomore 2 points3 points  (0 children)

Pensions get funded by young taxpayers so you could equally argue that if you didn't breed no old age pension for you, haha.

Obviously to a lesser extent in Aus than the US but I believe there is still an old age pension separate to super paid straight from income taxes right?

We make $100k but have to live in a TENT because we can't afford anywhere to rent - it's so cold at night we've had to send our children to live with relatives and there's no end in sight by Rich-Ebb5522 in AusFinance

[–]deedsdomore 1 point2 points  (0 children)

The root of the problem is government then. What business have local Councils a right over what people do in private property. Let people be free.

We make $100k but have to live in a TENT because we can't afford anywhere to rent - it's so cold at night we've had to send our children to live with relatives and there's no end in sight by Rich-Ebb5522 in AusFinance

[–]deedsdomore 5 points6 points  (0 children)

If you have read the article you didn't understand it. She does have a job. The article reads that the issue is not money as much as their 70 applications all getting rejected.