Forum Home
PC World Chat
Thread ID: 113984	2010-11-13 05:21:00	Is it time to drop our wages ?	Digby (677)	PC World Chat

Post ID	Timestamp	Content	User
1152575	2010-11-15 15:51:00	Cost of living + GST + tax on wages in NZ breeds unhappy workers. Why work when you can get the dole or a sickness benefit or even better just sell drugs and be your own boss! Sarcasm aside, lowering my wage would make me either leave NZ for good or push me over the edge to the point of creating carnage of sorts. At least in jail I still get paid or at least in death I dont pay taxes.	rob_on_guitar (4196)
1152576	2010-11-15 17:53:00	"I already think the wages is too low in NZ" Compared to where ? And I'm saying that there would be a comparable drop in rent, land values, and other prices. So we would all be relatively as well off, but New Zealand would be able to export more. "Think not what your country can do for you, but think what you can do for your country." JF Kennedy. For the record,read who gave us those words.......... goo.gl	Cicero (40)
1152577	2010-11-15 18:02:00	Out sourcing homework ! Another reason to reduce our wages ! (he he)	Digby (677)
1152578	2010-11-16 00:21:00	We are a society deeply in debt. I don't know 2 people under 50 OWN their houses (ie mortgage paid off)... The banks own everything. As soon as you deflate, what happens to all our loans? They don't go, down do they? So you still pay the banks the same, if not more, and you earn less. How do you feed yourself? How do you feed your kids? How does anyone win in that scenario? It just makes everyone's life worse... We are not America or Australia or Saudi Arabia, we don't have massive disposable incomes. If you lower wages you will see more people losing their houses, cars... Everyone loses, except the unemployed degenerates who don't care to work and live off the state. And all you will see is a rise in their number. We don't need communism and we certainly don't need deflation.	Cato (6936)
1152579	2010-11-16 00:25:00	3 words.... Are you Braindead?	DeSade (984)
1152580	2010-11-16 00:46:00	We are a society deeply in debt. I don't know 2 people under 50 OWN their houses (ie mortgage paid off)... The banks own everything. As soon as you deflate, what happens to all our loans? They don't go, down do they? So you still pay the banks the same, if not more, and you earn less. How do you feed yourself? How do you feed your kids? How does anyone win in that scenario? It just makes everyone's life worse... We are not America or Australia or Saudi Arabia, we don't have massive disposable incomes. If you lower wages you will see more people losing their houses, cars... Everyone loses, except the unemployed degenerates who don't care to work and live off the state. And all you will see is a rise in their number. We don't need communism and we certainly don't need deflation. I am under 40 and own my own home outright. But you make some good point regarding deflation. It is more likely that we will suffer from hyper inflation, which will inflate away our debts. But the reserve bank controls inflation so it doesn't get out of hand. The problem with inflating away debt, is that savers get hit, and then there is no incentive to save, when we should be saving not spending. It is a balancing act, and there is no real solution.	robbyp (2751)
1152581	2010-11-16 01:46:00	Am I glad we the have Milton Feedman with us,using other names of course.	Cicero (40)
1152582	2010-11-16 02:19:00	I am under 40 and own my own home outright. But you make some good point regarding deflation. It is more likely that we will suffer from hyper inflation, which will inflate away our debts. But the reserve bank controls inflation so it doesn't get out of hand. The problem with inflating away debt, is that savers get hit, and then there is no incentive to save, when we should be saving not spending. It is a balancing act, and there is no real solution. Yep, totally agree especially with the last part.	Cato (6936)
1152583	2010-11-16 02:37:00	imo, you can do anything you want people will just try to maximise their benefits within any system. aus will always provide the x factor for many even if nz have some good appeals. it's larger, it's faster, it's got more the hype, it's closer to the rest of the world. and of course many people like the warmer weather and that it's more upmarket. you can look outside the main centres of nz, there are posh places to be had, people in the lesser areas will head abroad and indulge. nz generally may not be that developed and it might not afford to. people will be people. and nzders are no newbies to relocating abroad further than AU.	Nomad (952)
1152584	2010-11-16 02:55:00	We are a society deeply in debt. I don't know 2 people under 50 OWN their houses (ie mortgage paid off)... The banks own everything. The average kiwi is being priced out of the housing market anyway (median wage being around 25K) How can a young family be expected to afford a $400K cheapy house ?? I say, lets start by trying to freeze the cost of land, make ALL land/house sales taxable, deducted when the sale is completed - except those with a single property.Speculators & those with 2nd 3rd home MUST be forced to pay taxes on its sale. Ban foreign land sales from here on (to help keep prices down) ranting almost finished .... :clap Dropping wages.. we will have to drop all the way down to match the low wage economies in order for that to work. I suspect thats whats slowly happening by default. NZ have been at/near the bottom 5 OECD economies for as long as I can remeber. :eek: Farming based economies are historically poor. Perhaps our wages are just artificially kept high (personal/govt debt). That cant last forever.	1101 (13337)
1 2 3 4 5 6