Quote:
Originally Posted by Nad Adam
I havenīt read throught the whole thread but:
-Isnīt the relative poverty line defined at the lowest 20% earners in a country, therefore you will always have 20% poor people.
-You canīt increase wages unless you increase efficiency, if you force raised wages for a larger group of people these(the raises not the people) will be eaten away by a raise in living costs.
Short and sweet: Nobody is forced to work a low-income job but most often itīs better than all other alternatives avalible to you. I myself work a low-wage job and I recognise the whining fom my co-workers that we are payed to poorly and work too much and I can tell you that considering what we do (working as a train conductor) we are payed way to much and Iīm pulling of studing economics at a university at the same time so I guess we arenīt working to much either.
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The bottom 20% is referred to as the lowest quintile.
Relative poverty is defined as making less than half the median wage.
If the value of the dollar isn't constant, why would one have to increase productivity just to keep earning the same approximate wage over time?
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