Wednesday, March 17, 2010

Flying Dutch on the Economy

From http://christianinfobomb.com/phpBB3/viewtopic.php?f=7&t=14200




You want decent wages, now, minimum wage and these things are bad according to say austrian economics, they rather have slave labor wages!!
You already saw, that these countries that basicly oppose Hayek and Friedman did a lot better!! That is their nightmare, but these countries keep doing better decade after decade and increasingly so!

So now take a look at this, this didn't bankrupt anybody either if you happened to enjoy minimum wages and happened to have high minimum wages:

List of minimum wages by country
List of minimum wages by country

Quote:
Gross annual wage
(Intl. dollars)


Quote:
The minimum wages given refer to a gross amount, i.e. before deduction of taxes and social security contributions, which vary from one country to another.

For the sake of comparison, an "annual wage" column is provided in International dollars, a hypothetical unit of currency that has the same purchasing power that the U.S. dollar had in the United States in 2008. For calculating the annual wage, the lowest general minimum wage was used.


( not in a particular order)

Quote:
Luxembourg €1,570.28 per month for unqualified workers over 18; €1,256.22 for those aged 17-18; €1,177.71 for those aged 15-17; €1,884.34 for qualified workers[32] 20,197


Quote:
Denmark none, nationally; instead, negotiated between unions and employer associations; 100.65 kroner, according to the terms of the country's largest collective bargaining agreement, negotiated in the spring of 2008 and covering almost the entire industrial sector[4] 22,713[17


Quote:
United Kingdom £5.73 per hour (aged 22 and older), £4.77 per hour (aged 18-21) or £3.53 per hour (under 18 and finished compulsory education)[45] 22,105[5]


Quote:
Netherlands €1,398.60 per month, €322.75 per week and €64.55 per day for persons 23 and older; between 30-85% of this amount for persons aged 15-22[34] 19,203


Quote:
Australia 543.78 Australian dollars per week; set federally by the Australian Fair Pay Commission[4] 19,029


Quote:
United States the federal minimum wage is US$7.25 per hour; states may also set a minimum, in which case the higher of the two is controlling[46] 15,080[6]


Quote:
Switzerland none; however, a majority of the voluntary collective bargaining agreements contain clauses on minimum compensation, ranging from 2,200 to 4,200 francs per month for unskilled workers and from 2,800 to 5,300 francs per month for skilled employees[4] 15,511


Quote:
Belgium €1,387.49 a month for workers 21 years of age and over; €1,424.31 a month for workers 21 and a half years of age, with six months of service; €1,440.67 a month for workers 22 years of age, with 12 months of service; coupled with extensive social benefits[4][7] 18,856


Quote:
Canada set by each province and territory; ranges from C$8.00 to C$10.00 per hour[11] 16,234[5]


Quote:
Ireland €8.65 per hour[26] 17,773[27]


Quote:
France €8.82 per hour; €1,337.70 per month for 151.67 hours worked (or 7 hours every weekday of the month)[19] 17,563[20]


Quote:
New Zealand NZ$12.50 per hour for workers 18 years old or older, and NZ$10.00 per hour for those aged 16 or 17 or in training; there is no statutory minimum wage for employees who are under 16 years old[35] 16,731[6]


Quote:
Austria none by law; instead, nationwide collective bargaining agreements set minimum wages by job classification for each industry; the accepted unofficial annual minimum wage is €12,000 to €14,000[4] 13,970


Norway is not in this list...

Quote:
Norway none; wages normally fall within a national scale negotiated by labor, employers, and local governments[4]


But Norway is also very good, if not even better then anybody else of the top nations that I've listed by minimum wage.

The US is one of the lowest of the Wealthy countries, but if Austrian economics would have their way you would loose that too, and it would get lower, even a bigger gap between rich and poor with all social tensions and high crime rates and instability that come with it.

Norway, Sweden, Iceland, the Netherlands are not more police state then the USA, actually the most free nations, no militairised police in any of these mentioned nations, no tasering of people, no police brutality. No armed vehicles that the army sold to local police patrolling streets. Now i know Ron Paul would oppose that too, question is if it matter what Ron Paul would think if he would be president if private companies run the country and goverment? I don't think he would do anything, cause freemarket rules everything, so also police, army, so you get a fullforce police state!
The problem is the corporate state!!blackwater will be running the police, army, not in Iraq, now also in american cities, that's your nightmare, Ron Paul wouldn't oppose it cause the freemarket has to be left alone, so he as politicians or president would leave it alone!!
He would call that freedom!! I begin to see this game now!!

So what would happen to the USA if Ron Paul or Austrian economics would only be icnreased in society and economics?

-Flying Dutch


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Ofcourse 15% is not much compared to some countries if you loose your job there. So you can see that such kind of social conditions will create a social stable society wich reflects on the economy, Austrian economics never talk about those things!Those models lead to instability, inequality, low wages, enormous increase of crime.

To those who would have seen my comments on this years back in early 2004, they see that since then it's only been mroe true then ever!

Do we want full Socialism? No!! Sweden is doing less good then many others, they are fully socialized, even Sweden's economic model does better then Austrian School of Economic models. Sweden had some police state characteristics in the 1970's and roled several programes back when people where getting shocked that it was going to far with government intrusion. Now imagine a corporate dominated state and police state, that's even worse!!!

Government begins to get bigger in the USA then in the Netherlands because of private boosting of budgets while the Americans don't get a lot in return that people in other wealthy countries do get, that's not good folkes!!a year ago US govermental budget surpassed the percentage of that of my country as percentage of GDP....still many people scream bloodly murder about Europe and welfare states. who would of imagined that the US would have a higher government budget as percentage of GDP then my country, me not in the 1980s....without a welfare state!! Cause many people, like ron Paul supporters and austrian School of economics say the US is a welfare state, of course it really isn't a all!! It's pretty much as they would like it to see, only, they would even scale back healthcare, Ron Paul says healthcare is not your right!!! So just die then if you happened to be poor or needy for it and you can't afford it....[u]class society!!![/u]


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