Let’s become China good idea

thats less money comparatively

A min wage still distorts the market

But no

If I said China I would say

let's regulate more and have a min wage with higher taxes

But I didn't

according to numbeo, hong kong experiences a higher cost of living compared to the US

Yes

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=United+States&country2=Hong+Kong

with lower wages

but the people there have to accept the min wage work to survive

Lower wages =/= lower minimum wage

But remember, even Hong Kong is not a free market

well it's the freest in the world according to that site you linked

Not the free market however

Hong Kong has high rent prices due the the very controls of the land where houses may be built

and caged housing is the same story, it was going down before that policy was implemented

And the fact that interest rates were very low, they don't have a gold standard

so it would be fair to compare hk to manhattan, also high rent prices

similar population

No because we must see it at an microeconomic bases

I don't know if Manhattan has it however.

@chad If you increase the minimum wages it increases the cost of living, also having a minimum wage that is above the cost of living doesn’t drive anyone to get a better job

Higher minimum wages mean that small business can’t afford employees

they have specific regulations that caused that mess

But if somewhere has a 15$ min wage

That means it cost 2x for 1 employee than at National

And product prices go up to compensate for that

As long as Keynesianism exists

there will be problems

Stop credit expansions, stop centrally planning interest rates and return to the gold standard

And allow deflation to happen

Problems solved

😎

😳

But I think TSA should be removed with a private one

the TSA isn’t as effective as other agencies like FBI

CIA

armed forced