Quote:
Originally Posted by RummyBoy
It's not a huge problem but they certainly do exist, they are becoming more common and most people know people like that or have neighbors like that. The more important figure is the fact that over 60% of families in the UK rely on welfare handouts in some form.
Well you obviously didn't read what I said which I think was crystal clear...... bottom line, it is the free market that should set wages in the private sector and not the government.
Wrong - the United States certainly is a welfare state. Although, "hybrid welfare state" is a more accurate description because of the way it is implemented.
Well since im a business man, a financial market trader and a student of economics. I do know a thing or two about the subject... you are none of these things and are completely clueless as you've proven in numerous previous threads.
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We were talking about incentive to work. Getting some welfare handouts has nothing to do with it. More so, as I suppose that 60% of UK families aren't unemployed to start with.
US welfare state? LOL. Maybe you should look at US army's expences to look for one big reason for the debt.
You may be student, but I have already graduated. I am business man also, and I have done some trading too (for my own account). Although none of these guarantees knowledge or common sense as we have seen from your part. You are blinded by some ideology. Trying to be so hard capitalist or something like that, Mr. business man. Can't be other explanation because during the first macro economy lessons you will learn about the roles of the state and private sector, and it isn't like they would fight against each other, like you have painted the picture. It is symbiosis.
I don't support minimum wages, but those have very little actual impact to overal salaries, unless we are talking about some foreign workers and using minimum salaries to those. Like trafficking some Chinese workers to UK to work with 1 $ per hour, or some African folk for 1 $ per day. Or while we are at it, why not have some slaves and get over it. There you have the answer for salary competition, you don't pay any.