History proves you wrong. Massive wage increases actually leads to the opposite, meaning lower wages. The reason is because massive inflation harms the economy.
And what makes you think executives will take a cut in profits and executive pay. They are not doing a charity, when inflation is high they are going to increase their salaries too.
How does history prove me wrong? Show me data that shows that higher wages mean LOWER living standards, it's total nonsense, higher wages, leads to some inflation, but not more than the increase in wages.
What makes me think that executives will take a cut in profits? it's obvious, if more of the revenue has to go to the workers, they don't have a choice ... they CAN raise prices to try and make up for it, but you have competition.
Increased wages does NOT necessarily mean an increase in demand for staples, yes the employer has to pay more, but that doesn't mean a total increase.
The fact that you have higher wage countries having higher living standards proves that.
No, all leftiest do not want it to be easy to set up businesses. It is much harder to set up a business in California than in Texas. Leftiest want regulations of start ups to prevent predatory companies, and that increases red tape. And start up is only one of their indicators. Do leftists want to reduce labour regulations, making it easier to fire employees? Do leftists want to reduce regulations on trade, allowing foreign companies to outcompete local products? Do leftist want to reduce government? Do leftist want lower taxes? Do leftists want to reduce public ownership and have weak unions?
Cause that is what the index is measuring. The argument that Norway has right wing policies due to left wing policies makes zero sense. No, what you care about is results. You see that Norway has the best welfare state in the world, and hence brand it left wing. But they have the best welfare, because the system is not totally left wing. I however look at policies, and Norway is in the middle in Europe. For instance France is to the left of Norway. In France they adopted a 75% tax rate. The only party who want to do something similar in Norway, got 1% of the vote. You said Norway has really high taxes, but not really. For 167% of average income, Norway has a tax rate of 43%. Belgium is at 61%.
Norway is number 14 of 34 in the OECD.
Relative to the rest of Europe Switzerland does not have strong unions or a very large public sector. But their wages is higher. That seem to conflict with your theory that big government increase wages.
California isn't really leftist, it's liberal socially, but economically it's pretty buisiness oriented.
Yes leftist want SMART regulations, but when SMART regulations lead to higher wages, a saftey net, less predatory behavior, it's easier to make a start up. If Walmart is in your town and it's unregulated, it's gonna be near impossible for you to open up a store, if Walmart isn't allwoed, it's gonna be easier, it's easier to start a buisiness if there is a good middle class with disposable income ...
Leftists want smart trade, sometimes they want foreign companies in, sometimes not, leftists want government to do somethings and not other,s leftist want to lower some taxes and raise others, leftists want generally srong unions and public ownership.
Unlike neo-liberals leftists dont' see the world in black and white.
My argument isn't that Norway has right wing policies, my argument is that Norway is friendly for markets and start ups BECAUSE of decades of social-democratic reforms.
The Welfare state IS a left wing policy, you say any smart economy would nationalize their natural resources (like oil), then how come when Chavez or Morales does it they're communists, and when Norway does it, it's just smart? Norway for decades had the largest bank, telecom company, and other companies nationalized. Norway has lots of cooperative model buisinesses, Norway still has the largest comapny (by far) nationalized. THe state controls 31% of publicly listed companies and has a large state in others (with large influence) (controling about half the economy), Venezuela has a lower unionization rate, not a much higher natinalization rate, and not really a larger welfare state, Venezuela has lower taxes as well.
So lets see, Norway and Venezuela, about the same amount of nationalization, Norway has more unions, a larger welfare state and higher taxes, you also have plenty of cooperatives in Norway, I'm not sure if Venezuela has more or less, but I'd be very suprised if they have more.
No, Venezuela economy is total garbage and even on relative poverty Venezuela
does not do well. BTW, their absolute poverty rate is miuch higher than indicated, because the black market and offical currency do not match.
That was proven to you before where I gave you actual data, and you did not respond to any of the data. Also Brazil is in no way as left wing as Venezuela.
The poverty rate was DROPPING, it looks pretty good ... I don't know why the poverty would be more with teh black market, but actualyl the poverty rate if anything is less, due to higher access to healthcare and subsidies.
Wrong Numbers
Chile's poverty rate is basically the same.
I thought you said you did not look at rethoric. Those social democratic leaders in Chile are keeping Pinochet right wing policies. Just look at economic freedom rankings and Chile is way above the rest.
So Chile is very right wing, Venezuela is very left wing, and Brazil is somewhere in between. So how come Chile is doing so much better than Venezuela, and brazil is somewhere in between. If socialism worked so well, then Venezuela should be the best performing economy.
No, look at their actual policies, Chile has one of the largest companies, nationalized, along with other companies like one of the largest banks.
So if the government owns a lot, then you are left wing? I am more interested in actual policies, such as labour regulations, welfare, crime sentences, business regulations, minimum wage, taxes, etc.
yes ... socialized industry (public control) is basically very socialistic, WAY more than regulations and welfare and waxes.
Tax and welfare isn't really a socialist idea, it's just regulated capitalism. Socialism is democratizing the economy