Switzerland is about to vote on raising its minimum wage ...

Switzerland is about to vote on raising its minimum wage ...

PostBy: lsayre On: Fri Oct 11, 2013 7:46 pm

to $2,800 per month in US Dollar terms (and get this, its going to be given to you whether you work, or not). And that's to every adult in the country.

http://www.salon.com/2013/10/11/rather_ ... economics/
lsayre
 
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Re: Switzerland is about to vote on raising its minimum wage ...

PostBy: franco b On: Fri Oct 11, 2013 7:58 pm

Why so little, why not 100,000 per month. It's easy to add zeros to bills.
franco b
 
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Re: Switzerland is about to vote on raising its minimum wage ...

PostBy: lsayre On: Fri Oct 11, 2013 8:02 pm

franco b wrote:Why so little, why not 100,000 per month. It's easy to add zeros to bills.


So far QE infinity seems to be working great as long as the common man doesn't ever get to touch the money being fabricated. But this is a clear case of QE for the masses. It will be interesting.

This is a great testimony as to why democracy is a really bad idea.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (if I ever get it fixed)


Re: Switzerland is about to vote on raising its minimum wage ...

PostBy: DieselBob On: Fri Oct 11, 2013 11:00 pm

And what these clod hoppers don't ever seem to understand is if I am worth 200% more than the minimum wage because I have an actual skill that is useful to society if the minimum wage increases I will still command the same difference which means the base price of goods will rise to meet the new norm of wages so the minimum wage earners will be no better off than before. What morons.
DieselBob