Post
Topic
Board Economics
Re: We need higher wages off course but goverment need to do one thing
by
jrrsparkles
on 18/12/2023, 19:40:16 UTC
In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.


The price is decided by the demand and supply but you salary isn't cause the supply in abundant but the demand is limited so you hardly see increase in the wages whereas the price of products that we use on day to day may be doubled or even tripled if their demand gets higher.