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  1. amoy

    Basic economy questions

    @jouni I would not call carpenter a unskilled job [emoji2] like any commodity labor is usually dictated by the market force. then "minimum wage" comes into play as normal as the sate / legislation sometimes intervenes to maintain a relatively "fair play" for stakeholders like anti-dumping or...
  2. amoy

    Basic economy questions

    goods available[emoji1] and keep out purpose?[emoji1] curious who would be able to afford the available goods in your economics to motivate the supply. without ever growing purchase power as a result of increasing productivity +jobs +wages >> DEMAND yr economic growth is driven by hot air...
  3. amoy

    Basic economy questions

    u talk as if there were only three in the world America China and India. Eh isn't Mexico the next door to America as a member of NAFTA with cheap labor? so whats yr point ? America shall lower or undo their min. wages so as to retain xxx industries? then what is the purpose of economic growth...
  4. amoy

    Basic economy questions

    Fyi in China there's a compulsory min wage thats varying from area to area e.g. Shenzhen at around rmb 2000, and Tibet at 1700 per month (usd1=rmb6.2), subj to annual review, supposedly far higher than India's. does it cause massive job transfers to India or others? all in all productivity...
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