• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Minimum wage in your country

Rainman05

Banned
DP Veteran
Joined
Sep 14, 2012
Messages
10,032
Reaction score
4,966
Gender
Male
Political Leaning
Independent
Wageindicator.org - Salary Surveys Global, Wage Questionnaires for all Countries of the World

So this is a website that provides information as to the minimum wage of most countries in the world where such information is available. Have fun. :)

Note: Not all websites that there are links to are in English. Some are in their native language. But using Chrome ,you can ask google translate to automatically translate the page for you and it's accurate enough to know what it says.
 
Wageindicator.org - Salary Surveys Global, Wage Questionnaires for all Countries of the World

So this is a website that provides information as to the minimum wage of most countries in the world where such information is available. Have fun. :)

Note: Not all websites that there are links to are in English. Some are in their native language. But using Chrome ,you can ask google translate to automatically translate the page for you and it's accurate enough to know what it says.

Our countries are not in it.
 
Wageindicator.org - Salary Surveys Global, Wage Questionnaires for all Countries of the World

So this is a website that provides information as to the minimum wage of most countries in the world where such information is available. Have fun. :)

Note: Not all websites that there are links to are in English. Some are in their native language. But using Chrome ,you can ask google translate to automatically translate the page for you and it's accurate enough to know what it says.

Here's something a little better -- all English: List of minimum wages by country - Wikipedia, the free encyclopedia

And thank you for your OP. It immediately got me to thinking about a possible, albeit radical, solution to U.S. companies shipping jobs overseas and would, by virtue of its implementation, pull up Third World countries by their bootstraps and closer to the 21st Century.

India as an example. India's minimum wage works out to about $689 a year.

What if there were an international treaty that set minimum wage for any manufacturer in-country that exports goods to other countries? Perhaps at half the minimum wage in the United States, as an example. Anyone not signing the treaty would be boycotted by law by those who'd signed.
 
Here's something a little better -- all English: List of minimum wages by country - Wikipedia, the free encyclopedia

And thank you for your OP. It immediately got me to thinking about a possible, albeit radical, solution to U.S. companies shipping jobs overseas and would, by virtue of its implementation, pull up Third World countries by their bootstraps and closer to the 21st Century.

India as an example. India's minimum wage works out to about $689 a year.

[B]What if[/B] there were an international treaty that set minimum wage for any manufacturer in-country that exports goods to other countries? Perhaps at half the minimum wage in the United States, as an example. Anyone not signing the treaty would be boycotted by law by those who'd signed.

You can't do this really... no country except first world countries would sign it. Or rather, first world countries with strong currencies would sign that and boycott the rest of the world, china, india other countries like Brazil and Argentina with somewhat ok currency will sign another one between themselves... and other countries like most of Africa and some of the ME will sign another one among themselves. So you'd have a few economic partnerships between somewhat powerful nations that can abide by a high minimum wage as it were because their currency can take the hit.

If you set the minimum wage of indian workers at 3.5$/h you'll bankrupt india before you'd have it rise up by its bootstraps. Same for China... really most countries where manufacturing jobs go to now. They go there because labor force is cheap. Once they raise the minimum wage, manufacturing jobs will go elsewhere. Prolly in Eastern Europe and South America. Africa is too unstable for the most part, the middle east is a regressive cesspool... the first world is too expensive and so the remnants of the second world and south america are the way to go.

Now having jobs ship over there wouldn't be bad thing. You'd be able to keep the chinesse juggernaught in place. But that's not the way of the future.

No. The way for manufacturing in the countries that want to be prosperous in the future is with high end manufacturing plants that are automated to the max, which employ only a hundred or so full time people with high skills, skills whose training is improved by the company because investing in manpower is smart... and also eco-friendly because we don't want to kill ourselves. But as long as unions are as strong as they are and they are encouraged, there will be no chance for such manufacturing to go to the EU or the USA or other first world nations.
 
which "our"?

And I did say "most".

In the initial "Our" I meant yours, and mine-o-Albania's. Yours is there under "Romenia" which is automatically underlined in red in DP for incorrect wording (hence I did not notice it).
 
Here's something a little better -- all English: List of minimum wages by country - Wikipedia, the free encyclopedia

And thank you for your OP. It immediately got me to thinking about a possible, albeit radical, solution to U.S. companies shipping jobs overseas and would, by virtue of its implementation, pull up Third World countries by their bootstraps and closer to the 21st Century.

Okay, good proposal! You do that and tell me where to sign in okay!!?

India as an example. India's minimum wage works out to about $689 a year.

Meh, you are such a tease Mag, do you know that!! :thumbdown

What if there were an international treaty that set minimum wage for any manufacturer in-country that exports goods to other countries? Perhaps at half the minimum wage in the United States, as an example. Anyone not signing the treaty would be boycotted by law by those who'd signed.

There would be no need to look for jobs abroad.
 
Here's something a little better -- all English: List of minimum wages by country - Wikipedia, the free encyclopedia

And thank you for your OP. It immediately got me to thinking about a possible, albeit radical, solution to U.S. companies shipping jobs overseas and would, by virtue of its implementation, pull up Third World countries by their bootstraps and closer to the 21st Century.

India as an example. India's minimum wage works out to about $689 a year.

What if there were an international treaty that set minimum wage for any manufacturer in-country that exports goods to other countries? Perhaps at half the minimum wage in the United States, as an example. Anyone not signing the treaty would be boycotted by law by those who'd signed.

thanks for posting that


Note that if you sort the countries by minimum wage, those with the highest minimum wages are the more prosperous countries, and those with the lowest minimum wage are the least prosperous, at least in terms of standard of living. Hmm, I wonder if that tells us anything.
 
You can't do this really... no country except first world countries would sign it. Or rather, first world countries with strong currencies would sign that and boycott the rest of the world, china, india other countries like Brazil and Argentina with somewhat ok currency will sign another one between themselves... and other countries like most of Africa and some of the ME will sign another one among themselves. So you'd have a few economic partnerships between somewhat powerful nations that can abide by a high minimum wage as it were because their currency can take the hit.

If you set the minimum wage of indian workers at 3.5$/h you'll bankrupt india before you'd have it rise up by its bootstraps. Same for China... really most countries where manufacturing jobs go to now. They go there because labor force is cheap. Once they raise the minimum wage, manufacturing jobs will go elsewhere. Prolly in Eastern Europe and South America. Africa is too unstable for the most part, the middle east is a regressive cesspool... the first world is too expensive and so the remnants of the second world and south america are the way to go.

Now having jobs ship over there wouldn't be bad thing. You'd be able to keep the chinesse juggernaught in place. But that's not the way of the future.

No. The way for manufacturing in the countries that want to be prosperous in the future is with high end manufacturing plants that are automated to the max, which employ only a hundred or so full time people with high skills, skills whose training is improved by the company because investing in manpower is smart... and also eco-friendly because we don't want to kill ourselves. But as long as unions are as strong as they are and they are encouraged, there will be no chance for such manufacturing to go to the EU or the USA or other first world nations.

Sure you can do "this".

Ever wonder why china has so much money to lend to the US? it's because their worker wages are so low that money pools in the hands of the rich or the government, and they have more than they need, so they loan it back to us.

Now imagine if they increased their wages, the workers would have more to spend, and they would start to develop internal markets which could replace their need to export. also, they would tend to purchase more total goods, including some imported goods from the US. the Chinese and the American worker would both benefit from this.
 
Sure you can do "this".

Ever wonder why china has so much money to lend to the US? it's because their worker wages are so low that money pools in the hands of the rich or the government, and they have more than they need, so they loan it back to us.

Now imagine if they increased their wages, the workers would have more to spend, and they would start to develop internal markets which could replace their need to export. also, they would tend to purchase more total goods, including some imported goods from the US. the Chinese and the American worker would both benefit from this.

But if you raise the workers wages in China to 3.5$/h you're basically tripling it or quadrupling it. You think people who do business in China will stand for that? The only reason they are in China is because of the availability of cheap workforce.

That's why I said, if you raise the minimum wage, you will bankrupt China because a lot of investors, foreign and chinesse, will move away to countries where they can get cheap labor.
 
But if you raise the workers wages in China to 3.5$/h you're basically tripling it or quadrupling it. You think people who do business in China will stand for that? The only reason they are in China is because of the availability of cheap workforce.

That's why I said, if you raise the minimum wage, you will bankrupt China because a lot of investors, foreign and chinesse, will move away to countries where they can get cheap labor.

People doing business in China will stand for whatever they have to stand for. Increasing the consumer market in China and selling more goods would be a good thing for most businesses in China.
 
People doing business in China will stand for whatever they have to stand for. Increasing the consumer market in China and selling more goods would be a good thing for most businesses in China.

No... not really. A lof the consumer market in China is fueled by cheap forgeries.
From addidas to apple, these companies cannot survive the extra costs in China at the benefit of getting a tiny share of the chinesse market. They depend upon the consumption of other nations that have a more precious currency.

So if China mandates a minumum wage that is triple the average wage that is today in China, because that's what 3.5$ is, then you destroy any incentive for businessmen to stay there. Many will go... to India... or some african countries that are more stable or some south american ones like Argentina whose currency is in the toilet too.

Think about it dude. You triple their costs at least. What company can survive a tripling of its expenses?
 
No... not really. A lof the consumer market in China is fueled by cheap forgeries.
From addidas to apple, these companies cannot survive the extra costs in China at the benefit of getting a tiny share of the chinesse market. They depend upon the consumption of other nations that have a more precious currency.

So if China mandates a minumum wage that is triple the average wage that is today in China, because that's what 3.5$ is, then you destroy any incentive for businessmen to stay there. Many will go... to India... or some african countries that are more stable or some south american ones like Argentina whose currency is in the toilet too.

Think about it dude. You triple their costs at least. What company can survive a tripling of its expenses?

You may indeed increase the cost of exported products, but it wouldn't be triple, because not all the cost of the products is min wage labor. Also, it really doesn't matter if you lose some exports when you significantly increase internal sales (like triple using your logic). You are just focusing on one factor, cost increase, while totally ignoring everything else that would more than offset that.
 
Screw the minimum wage. Let market forces decide.
 
Back
Top Bottom