Given we will be in a budget surplus by 2025.. a 10% wage increase should get us there.
Flick the workers an extra gold coin ($2) per hour and sell off the 5th tesla you have.
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QUOTE=ValueNZ;1006487]Panda NZ what you don't seem to understand is that as productivity rises, naturally wages will increase in real terms. No government intervention necessary.[/QUOTE]
You are showing your nativity here ValueNZ.
Wages haven't kept up with inflation for decades. If the Government hadn't raised the minimum wage we would have a quarter of a million workers not being able to feed or clothe their kids, pay the power bill, the rent or the mortgage.
But perhaps it's the Black People's fault... or the Brown or the Yellow...
You are showing your nativity here ValueNZ.
Wages haven't kept up with inflation for decades. If the Government hadn't raised the minimum wage we would have a quarter of a million workers not being able to feed or clothe their kids, pay the power bill, the rent or the mortgage.
But perhaps it's the Black People's fault... or the Brown or the Yellow...[/QUOTE]
Really, wow.
Why don't we let the state manage the whole economy seeing as they have done such a good job here.
Decades is a long time for inflation to compound higher than wages... standards of living must be much much lower than they were decades ago.
Learning lots today but nothing will top the lesson I learned about commercial banks borrowing money from the RBNZ and lending it out at a spread.
Book Review of Davos Man ,by Peter Goodman:
https://blogs.lse.ac.uk/lsereviewofb...peter-goodman/
Good you posted that Percy.
The more Billionaires the better off we all are.
They have become Billionaires by creating massive quantities of goods and services for our use, more efficiently than anyone else.
To become one, you must create massive value for hundreds of thousands of people.