Message from @hcaez
Discord ID: 533742535873527808
not even close
Search for cambodia
People can’t survive right now with 8 an hour
Families need to have more than 3 jobs to survive now it’s sad
They would if dumbass Keyneisans let deflation happen
but of course not
oh in their data hong kong is #1
yea
but plenty of cheap products come from there that are made with low wages
Hong Kong has one of the highest incomes in the world
not to mention there is a min wage
It doesn't come from there anyways, it comes from China
It's why Hong Kong had such a rapid expansion
yes the min wage is 32.5 HKD
which is roughly 4 USD
What is that in USD?
Oh so that’s what sidd wants here
scaling for differences in cost of living
Let’s become China good idea
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
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