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Started By
Message
re: Geneva Switzerland enacts $53,000 minimum wage.
Posted on 10/5/20 at 9:19 pm to SEC7070
Posted on 10/5/20 at 9:19 pm to SEC7070
quote:
Consumer Prices in Geneva are 94.38% higher than in Baton Rouge, LA
Consumer Prices Including Rent in Geneva are 98.20% higher than in Baton Rouge, LA
Rent Prices in Geneva are 106.57% higher than in Baton Rouge, LA
Restaurant Prices in Geneva are 86.49% higher than in Baton Rouge, LA
Groceries Prices in Geneva are 94.76% higher than in Baton Rouge, LA
Local Purchasing Power in Geneva is 24.43% higher than in Baton Rouge, LA
LINK https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=Switzerland&city1=Baton+Rouge%2C+LA&city2=Geneva&tracking=getDispatchComparison
0
Posted on 10/5/20 at 9:19 pm to Mo Jeaux
quote:I see where you’re coming from. If it could work anywhere, it would probably be Switzerland, Liechtenstein, Monaco or Norway. If this were country-wide, there would have to be other measures in place to ensure companies wouldn’t enact hiring freezes or havemass layoffs, or to compensate small businesses working on already tight margins. It’s problematic when you consider the effect this would have on small companies (like all the small shops in rural areas)
What makes you say that?
This post was edited on 10/6/20 at 12:13 am
Posted on 10/5/20 at 9:19 pm to TigerCruise
quote:
A cheeseburger in Switzerland is $35
If that’s truly the case then God knows what it will cost.
For people who don’t understand economics it’s like this. You want to frick this hot prostitute. Your weekly welfare check is $200, so the hooker charges you $200. Well the government just raised your welfare to $500 per week to give you a better life. The problem is the hooker knows you have that extra money, so she is going to up her price to $500 since she knows you have it. That same service doubled in price after one week. That is inflation. That’s also why the National debt is a meaningless talking point as long as inflation is controlled.
This post was edited on 10/5/20 at 9:20 pm
Posted on 10/5/20 at 9:19 pm to SEC7070
I bet some welfare recipients at least get that in total, with housing, food, healthcare...
Posted on 10/5/20 at 9:20 pm to Smeg
quote:
Because you don't understand the value of a dollar.
Of course I do.
Posted on 10/5/20 at 9:20 pm to SEC7070
Sounds bigger than it is but only because you don’t understand their economy or country.
Posted on 10/5/20 at 9:21 pm to PEEPO
quote:Not everywhere in Switzerland is like that. Yes, I’ve been to Switzerland. And no, every city is not like Zurich or Geneva.
He and his wife got value meals at Burger King at the airport and it was $35. For two combos at Burger King at the airport.
This post was edited on 10/5/20 at 9:22 pm
Posted on 10/5/20 at 9:25 pm to Mo Jeaux
quote:
Why?
Demand... Price goes up; people use less.
Posted on 10/5/20 at 9:27 pm to Mo Jeaux
quote:
quote:
You are clueless.
Why?
Let’s give everyone $10 mln what do you think that does to the value of the money if you dilute it down?
Posted on 10/5/20 at 9:31 pm to Mo Jeaux
quote:
Of course I do
Obviously you do not, based on the questions you are asking.
Posted on 10/5/20 at 9:33 pm to Smeg
quote:
Obviously you do not, based on the questions you are asking.
Maybe you're operating under the wrong set of assumptions then.
Posted on 10/5/20 at 9:36 pm to Mo Jeaux
Was there a big problem with wages and living conditions associated with those wages in Geneva that this will serve to correct and improve?
Posted on 10/5/20 at 9:39 pm to Y.A. Tittle
quote:
Was there a big problem with wages and living conditions associated with those wages in Geneva that this will serve to correct and improve?
Good question. There's scant media coverage, but from what I've seen, it would apply to 6% of workers, and is intended to assist them in not falling below the poverty line.
Posted on 10/5/20 at 9:55 pm to SEC7070
That is a lot of cheese
Posted on 10/5/20 at 9:59 pm to bayoumuscle21
quote:
quote:
Why is it worthless?
Someone doesn't understand Econ 101.
I have no idea why you're being downvoted.
Monetary Theory of Inflation - Albany.edu Macroeconomics Course
Posted on 10/5/20 at 10:16 pm to TerryDawg03
Because it was a snarky, trite midwit comment that didn’t address the substance of my question.
Posted on 10/5/20 at 10:17 pm to Mo Jeaux
quote:
Why is it worthless?
Massive inflation. Printing off money
like it’s nothing will in fact make money nothing.
Posted on 10/5/20 at 10:21 pm to SEC7070
quote:
Geneva Switzerland enacts $53,000 minimum wage.
WTF?! Weren't they a country who didn't even have min wage laws just a few years back?
Posted on 10/5/20 at 10:48 pm to PEEPO
Why is it so expensive? Protectionism?
Posted on 10/5/20 at 10:49 pm to Mo Jeaux
quote:
Because it was a snarky, trite midwit comment that didn’t address the substance of my question.
Well, you should check out the Monetary Theory of Inflation.
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