Is there any way we could arrange the world that way? How could we? Why couldn't we? Since the global economy seems to be due for an overhaul, if not a complete scrap and rebuild, I just thought I'd ask.
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if you'll be happy with $200 a week -- go for it.
as for me -- I want to make more than that, so I'll either work more or work smarter.
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now, why would you want to take away someone else's right to work for $10 an hour if that's all the work they can find?
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it's kind of interesting, it depends how many hours a week are wasted in the united states. it is a lot, and it's probably more than the statistics show. but what about in china india where the actual work is done, and they work 50-60 hours a week to produce for very little. so there would be way less supply, plus the costs would be much higher. the end result is everything would cost a lot more. there would be a lot of inflation. it would be interesting, what would nike do, take a hit on their profit margins on their shoes, or jack up the price to the moon so no one could afford it? People who were making $20/hour would demand a lot more. they will want to maintain their lifestyle. so if they are now making $200 a week while prices are going through the roof everyone would be poor. Rising wages is a major cause of inflation. this is why economics is a dismal science, everything that seems good is bad everything that seems bad is good.
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No thank you.
Quick poll: Would you be in favor of a global, standard workweek of 10 hours at $20.00 per hour minimum?
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