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?

No it is stabilized in the upper classes

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

Tax brackets are bad, we should focus on consumption tax