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Singapore has the 3rd highest incomes in the world, 1.9% unemployment rate and no minimum wage.
Singapore has the 3rd highest incomes in the world, 1.9% unemployment rate and no minimum wage.
They also have a very successful healthcare system based off sane government price controls and health savings accounts that can be used for any healthcare costs and are inheritable. It basically pairs reasonable regulation with self accountability.
Here's a couple hundred pages of empirical data collected across the OECD that you will never read which trumps your little graph.
Global Wage Report 2008/09
Minimum wages and collective bargaining
Towards policy coherence
http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_100786.pdf
Global Wage Report 2010/11: Wage policies in times of crisis
http://www.ilo.org/wcmsp5/groups/pu...---publ/documents/publication/wcms_145265.pdf
so in other words, their economy isn't even close to what we have here in the U.S.
but they have national collective bargaining. the number of high functioning economy's in the world that have neither equals zero.
Singapore Tripartism Forum : National Wages Council
you just posted an opinion report by a labor organization. a labor organization advocating more wages for labor? no way! who would have thunk it? LOL the chart I posted is a fact of what happens in the US when the minimum wage is increased. your opinion report is worldwide when all govt operate different. nice try though.
a national wage council with no minimum wage......
I can't wait until this day finally happens. Better efficiency and less frustration. It's been a few years since I've gone through a drive through and had someone who speaks and understands english serve me.
Here's a couple hundred pages of empirical data collected across the OECD that you will never read which trumps your little graph.
Global Wage Report 2008/09
Minimum wages and collective bargaining
Towards policy coherence
http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_100786.pdf
Global Wage Report 2010/11: Wage policies in times of crisis
http://www.ilo.org/wcmsp5/groups/pu...---publ/documents/publication/wcms_145265.pdf
Lol Bowden, you're a joke. You probably have no idea what 'hard work' is. Now you're telling me you can't retire off of a 6 digit income after 30 years![]()
and a massive subsidized housing program. they have also followed a completely different model of deregulation and liberalization , haven't off-shored manufacturing as they have an export drive economy.
so in other words, their economy isn't even close to what we have here in the U.S.
And how does that change the fact that personal responsibility has to be part of the answer.
Personal responsibility is a great right wing think tank talking point
Really, because, growing up at the absolute fiscal bottom of this nation, I had been under the impression that it was a choice. But it turns out that personal responsibility is a talking point. Good to know.
Personal responsibility is a great right wing think tank talking point S.
typical socialist ^^^^
really in what way? please cite one post were I have lobbied for the transfer of the means of production from the private to public sector?
You haven't got a single clue about what it takes to build a sustainable economic model in the post industrial era because you know absolutely nothing about economics.
And who made you the standard by which all others are to me measured against? Your just as much as an economic failure to those at the top as you are a winner compared to those at the very bottom.
yes but how is it our responsibility as tax payers and responsible citizens to ensure they are financially taken care of.
Yet another red herring. Color me surprised.
Personal responsibility is something that everyone, not matter their station, is accountable for. But I guess slinging drugs and jacking cars are just talking points, right?
Since you claim to have an understanding of economics then do explain how the imbalance of agriculture, manufacturing and services impacts "personal responsibility" in a post industrial economy where economic rents and market dominance are capturing a greater share of productivity gains over time.
Name one way to address this problem.
And...another red herring.
I'm talking about personal responsibility, you apparently have started talking about fish.