ok so price of living is 30% higher, so what? The wages in Australia are 130% higher, damn well worth the trade, wouldn't you say?
Median income is higher in the US. US standards of living for the median and average are significantly higher than australia.
If you raise minimum wages and product costs all increase, all you've done is devalue your currency. The entire idea of a minimum wage is moronic and illogical. Even the US Treasury recognized and stated this fact when the US min wage was first introduced, yet somehow a vocal group of populists has succeeded in eradicating common sense among the populace.
yah,its as simple as this:
how much can you put aside end of month?
thats it.
yah exactly
which would mean the average Australian has a MUCH harder time doing this.
Who are they? lol
My uncle is a Federal employee and he makes about twice what he deserves.
It will only affect the Federal janitors and food services folks.
It's a distraction. The entire income inequality discussion is a distraction. Distract from the fact that the 1st world all have shit economies and poor growth. The american lefts' policies have all failed to create growth and grow the pie. So they must distract and talk about redistributing the stagnant pie.
It's the same populist bullshit thats been spewed verbatim since Ancient Rome. Quite literally. Diocletian did all of this once before and failed miserably.