Australian Politics Forum - Problem With The Minimum Wage

John Smith

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Re: Problem With The Minimum Wage - Its Too Low
Reply #30 - Feb 4^th, 2015 at 4:18pm

Andrei.Hicks wrote on Feb 4^th, 2015 at 12:07pm:

You don't get to decide if the "wealthy" take pay cuts.

We live in a globalised capitalist market.
The market is always right. Sometimes I may not like it, sometimes you may not but the market has the answer.

When you go for 5 different jobs how come the salary is always within a 5% range of each other?
Because the market rate is your worth to the system.

I know exactly how much I can offer say a Financial Accountant but yet I know for a decent a Finance Manager I need 150k plus.
The market rate has decided that, not me.

You don't have some all seeing omnipotent being saying raise or cut the wealthy.
There is no such thing.

CEOs are answerable to the market and to it's shareholders.
But if the market decides he is worth $3m per year. Then that's what he's worth!

rubbish ... companies chase the cheapest market for their labour, whilst mgmt chases the most expensive markets for their services. Why don't you hire upper mgmt. from China, please don't pretend you have some special gift that no one in China can do. That's not the market that determines that, it's mgmt. protecting it's own arse. Mgmt doesn't want free global trading across all sectors, only those sectors that don't affect their pay packets.

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Neferti

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Re: Problem With The Minimum Wage - Its Too Low
Reply #31 - Feb 4^th, 2015 at 4:23pm

John Smith wrote on Feb 4^th, 2015 at 4:18pm:

Andrei.Hicks wrote on Feb 4^th, 2015 at 12:07pm:

You don't get to decide if the "wealthy" take pay cuts.

We live in a globalised capitalist market.
The market is always right. Sometimes I may not like it, sometimes you may not but the market has the answer.

When you go for 5 different jobs how come the salary is always within a 5% range of each other?
Because the market rate is your worth to the system.

I know exactly how much I can offer say a Financial Accountant but yet I know for a decent a Finance Manager I need 150k plus.
The market rate has decided that, not me.

You don't have some all seeing omnipotent being saying raise or cut the wealthy.
There is no such thing.

CEOs are answerable to the market and to it's shareholders.
But if the market decides he is worth $3m per year. Then that's what he's worth!

rubbish ... companies chase the cheapest market for their labour, whilst mgmt chases the most expensive markets for their services. Why don't you hire upper mgmt. from China, please don't pretend you have some special gift that no one in China can do. That's not the market that determines that, it's mgmt. protecting it's own arse. Mgmt doesn't want free global trading across all sectors, only those sectors that don't affect their pay packets.

What type of business are you the CEO of, John Smith? Just a hint will do.

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Kat

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Re: Problem With The Minimum Wage - Its Too Low
Reply #32 - Feb 4^th, 2015 at 4:24pm

Swagman wrote on Feb 4^th, 2015 at 10:41am:

Bam wrote on Feb 4^th, 2015 at 10:36am:

aquascoot wrote on Feb 4^th, 2015 at 9:59am:

unfortunately , you cannot globalise the worlds economy without globalising the worlds labor market because , the labor market is a large part of the worlds economy.

so, given that we are globalised and the average punter wants to enjoy the cheap clothes , shoes and handbags made in asia by people on $1 an hour, the other side of the equation is that only the equivalent wage is available to be paid here.

you CANT buy shoes cheap from china and then bitch and moan that shoe manufacturers in OZ have to pay an hourly wage that is 18 x as high.

it is grade 1 maths/economics.

so either the minimum wage drops or trade barriers go up.

please tell me if you can come up with another rational solution??

Cut the pay of the wealthy by 95%.

...and there'd be justabout zero productivity and everyone would be equally poor

AKA - socialist Utopia... Cheesy

Proving once again that you have no idea about socialism.

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John Smith

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Re: Problem With The Minimum Wage - Its Too Low
Reply #33 - Feb 4^th, 2015 at 4:24pm

Neferti wrote on Feb 4^th, 2015 at 4:23pm:

John Smith wrote on Feb 4^th, 2015 at 4:18pm:

Andrei.Hicks wrote on Feb 4^th, 2015 at 12:07pm:

You don't get to decide if the "wealthy" take pay cuts.

We live in a globalised capitalist market.
The market is always right. Sometimes I may not like it, sometimes you may not but the market has the answer.

When you go for 5 different jobs how come the salary is always within a 5% range of each other?
Because the market rate is your worth to the system.

I know exactly how much I can offer say a Financial Accountant but yet I know for a decent a Finance Manager I need 150k plus.
The market rate has decided that, not me.

You don't have some all seeing omnipotent being saying raise or cut the wealthy.
There is no such thing.

CEOs are answerable to the market and to it's shareholders.
But if the market decides he is worth $3m per year. Then that's what he's worth!

rubbish ... companies chase the cheapest market for their labour, whilst mgmt chases the most expensive markets for their services. Why don't you hire upper mgmt. from China, please don't pretend you have some special gift that no one in China can do. That's not the market that determines that, it's mgmt. protecting it's own arse. Mgmt doesn't want free global trading across all sectors, only those sectors that don't affect their pay packets.

What type of business are you the CEO of, John Smith? Just a hint will do.

I don't work for shareholders so it's irrelevant.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Dnarever

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Re: Problem With The Minimum Wage - Its Too Low
Reply #34 - Feb 4^th, 2015 at 4:26pm

Quote:

CEOs are answerable to the market and to it's shareholders.
But if the market decides he is worth $3m per year. Then that's what he's worth!

CEO and Board remuneration has nothing to do with any market. It is a scratch each others back deal to see how much they can get away with. Everyone on the train knows that they need to approve increases for everyone else so that they will approve their increases approved.

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Neferti Gold Member Offline Posts: 7965 Canberra Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #35 - Feb 4^th, 2015 at 4:32pm OIC. Not a CEO then? Managing Director? General Manager?
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Wolseley Gold Member Offline Australian Politics Posts: 1453 Sydney Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #36 - Feb 4^th, 2015 at 4:32pm Doctor Jolly wrote on Feb 4^th, 2015 at 7:22am: NZ has a lower minimum wage than us. Isn't the cost of living there about 10% less though?
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Postmodern Trendoid III Gold Member Offline Posts: 10266 Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #37 - Feb 4^th, 2015 at 10:23pm Neferti wrote on Feb 4^th, 2015 at 4:32pm: OIC. Not a CEO then? Managing Director? General Manager? Like a good "progressive", Smithyboy acts the exact opposite of what he preaches. He works in real estate, ripping off people by charging extortionist rents and prices. This is progress.
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Postmodern Trendoid III Gold Member Offline Posts: 10266 Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #38 - Feb 4^th, 2015 at 10:28pm Bam wrote on Feb 4^th, 2015 at 10:36am: Cut the pay of the wealthy by 95%. Does that also apply to our "progressive" university vice-chancellors and chancellors' pay packets which are currently around the $1 million mark per annum?
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John Smith Gold Member Offline Australian Politics Posts: 75295 Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #39 - Feb 4^th, 2015 at 10:31pm Neferti wrote on Feb 4^th, 2015 at 4:32pm: OIC. Not a CEO then? Managing Director? General Manager? I have my own businesses . What part of irrelevant to the point didn't you get?
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Grappler Deep State Feller

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Re: Problem With The Minimum Wage - Its Too Low
Reply #40 - Feb 4^th, 2015 at 10:33pm

Postmodern Trendoid III wrote on Feb 4^th, 2015 at 10:28pm:

Bam wrote on Feb 4^th, 2015 at 10:36am:

Cut the pay of the wealthy by 95%.

Does that also apply to our "progressive" university vice-chancellors and chancellors' pay packets which are currently around the $1 million mark per annum?

And which on results are worthless.....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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John Smith

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Re: Problem With The Minimum Wage - Its Too Low
Reply #41 - Feb 4^th, 2015 at 10:34pm

Postmodern Trendoid III wrote on Feb 4^th, 2015 at 10:23pm:

Neferti wrote on Feb 4^th, 2015 at 4:32pm:

OIC. Not a CEO then? Managing Director? General Manager?

Like a good "progressive", Smithyboy acts the exact opposite of what he preaches. He works in real estate, ripping off people by charging extortionist rents and prices. This is progress.

I don't charge rent idiot ... nor do I set any prices.

You missed a spot.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85511 Always was always will be HOME Gender:	Re: Problem With The Minimum Wage - Its Too Low Reply #42 - Feb 4^th, 2015 at 10:37pm Neferti wrote on Feb 4^th, 2015 at 4:32pm: OIC. Not a CEO then? Managing Director? General Manager? Officer Commanding the Rorke's Drift of current Australian politics....
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Postmodern Trendoid III

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Re: Problem With The Minimum Wage - Its Too Low
Reply #43 - Feb 4^th, 2015 at 10:40pm

John Smith wrote on Feb 4^th, 2015 at 10:34pm:

Postmodern Trendoid III wrote on Feb 4^th, 2015 at 10:23pm:

Neferti wrote on Feb 4^th, 2015 at 4:32pm:

OIC. Not a CEO then? Managing Director? General Manager?

Like a good "progressive", Smithyboy acts the exact opposite of what he preaches. He works in real estate, ripping off people by charging extortionist rents and prices. This is progress.

I don't charge rent idiot ... nor do I set any prices.

You missed a spot.

I see. So your income is generated ... how? Do you print your own money? That would be progress.

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John Smith

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Re: Problem With The Minimum Wage - Its Too Low
Reply #44 - Feb 4^th, 2015 at 10:46pm

Postmodern Trendoid III wrote on Feb 4^th, 2015 at 10:40pm:

John Smith wrote on Feb 4^th, 2015 at 10:34pm:

Postmodern Trendoid III wrote on Feb 4^th, 2015 at 10:23pm:

Neferti wrote on Feb 4^th, 2015 at 4:32pm:

OIC. Not a CEO then? Managing Director? General Manager?

Like a good "progressive", Smithyboy acts the exact opposite of what he preaches. He works in real estate, ripping off people by charging extortionist rents and prices. This is progress.

I don't charge rent idiot ... nor do I set any prices.

You missed a spot.

I see. So your income is generated ... how? Do you print your own money? That would be progress.

perhaps you should find out how agents work prior to commenting. Owners set the rent or sales price, agents advise. I charge a commission.

Not to hard for you to follow is it misty?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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