Message from @The Yellow King
Discord ID: 515303072965197837
That just leads to LESS employees to keep the average up.
they don't hoard it into a big bunker like Scrooge McDuck though,
Most of that money is invested back into the country
Yet the income they pay their workers has not kept up with inflation
thats cuz the jobs aren't worth more than that
if you want higher wages, get less employees that can do the job
if the company wants the work filled they'll have to up wages in order for people to say "i wanna work there"
But the value of that money has gone down
no
the value of the JOB has
if i get the choice between hiring you, or someone equally qualified for 50% of the cost
Why would i hire you?
that job lost 50% of its value right there
If on the other hand i don't, and I NEED you for the job, i'll be like "Name your price, just come work for me"
And why is it that those jobs are not worth more? Because there is too much supply of labour.
That is a prime example of why intervention is needed
yes, but not on the company, its intervention on the immigration,
the supply/demand for jobs is shifted that theres too much supply of workers, not enough demand
If you want higher wages, have there be too few people for the jobs, so companies are forced to compete over who they can hire
Work for me! I'll pay you more than that other company!
There will always be more people then jobs unless you curb child birth
child birth has stabilised in the west
and yes there will always be more people than jobs,
But would you rather have 1 among 100, or 1 among 1000 to pick from?
The lower classes still have plenty of children
its stabilised to like 1.8 on average in the west
i believe
2.4
Which is still a growing population
Dr.Wol clearly at least has a basic understanding of economics.
jeez, could you have said that any more condescending?
I said at least
You might have more
You understand how supply and demand works, that is a fundamental many can't seem to grasp
its 2.4 world-wide, in US its apparently 1.89 and in Europe its 1.6
While much of the world has experienced declining fertility rates over the last twenty years, the total fertility rate in the United States has remained relatively stable in comparison. This is largely due to the high fertility rate among communities such as Hispanics, but it is also because the fertility rate among non-Hispanic whites in the US, after falling to about 1.6 in the 1970s and early 1980s, had increased and is now around 1.89 rather than lower to the 1.6 level common in Europe. It can also be explained by substantial immigration.
What's one's tax when they make 59k per year
in Netherlands its 52%
No no you said 60k
What's 59k
i rounded it up
...
the next bracket is like 46%
hang on let me look up the brackets here