Topic: We need higher wages off course but goverment need to do one thing - page 2. (Read 889 times)

The government can only regulate prices for certain foodstuffs and that is only the upper limit or highest price, and the market will always determine the overall price, the rarer the goods are found and the demand is high, the market will automatically raise prices, and you will know that in countries with high levels of corruption and even their officials are involved in determining prices in the market because they are trying to make a profit.
What the government can do is only monitor prices in the market and when they have exceeded the normal limit, the government will act, but often they fail to carry out this function so that the prices of basic commodities continue to rise and sometimes they are rarely available on the market.

Governments only help in to stabilize markets, regulate transactions, provide institutional frameworks, and enforce rules around contract law and property rights.They're only responsible for enacting policies concerning monetary and fiscal policy which I'm turn renders an amazing impact to the market in general.

They regulate the activities that should build and maintain a strong financial system for the country;the government is expected to play certain roles towards the market by ensuring balance and long-lasting impacts on companies,industries,and markets at large.

These minimum wages are completely wrong, plus they will vary within states and countries of the EU. Your estimate of the UK minimum wage is ridiculously bad, it's more than double what they actually get. The government doesn't need to regulate any of the things you've mentioned, because that would turn them into a communist country which history has shown is a disastrous economic model. It's hard to understand what you're even suggesting but when your numbers are so wrong in your opening sentence it doesn't seem like you have a grip on the real reality of the situation. Many times governments are at the mercy of global markets so have limited ability to fix things and just try to help in the areas they can control, like stopping cheap credit by raising interest rates.

Thats a military dictatorship, more of a hostage situation then what I would call a system of governance.  The way I would classify the terrority of North Korea is like a satellite nation of China with China also being a military dictatorship for its continuance.  In theory they worship at a different school of politics but ultimately the countries are occupied by an army holding a gun to its people on whether they contest the government or not.  I dont think they make it as far as communism or long words, its just shot vs shot. 

Example of an authoritarian country is North Korea. We’ve all heard stories of north koreans trying to escape and barely doing so. I have seen how even their media that they consume is regulated and controlled.

I don’t think many people from authoritarian countries will say that their system is flawless and everyone else should follow.

the op’s thread is insanely ridiculous.

people have religious food restrictions

so pork in Israel 🇮🇱 Or saudi arabia 🇸🇦 would have zero or next to zero demand..


wine is not in demand in muslim countries

but in Spain pork and cheese plater with a glass of wine is in high demand

So world wide governments will not set the prices with some religious regard.

This thread 🧵 shows one thing humans are really really really fucked as that can’t agree on foods you can eat never mind the price of the food.

If you want the regulate everything by the government, then it's not going to be easy as this could mean that you have to give up your freedom, hence you will be under a authoritarian government. And if you are living in a country that you can go and free, then I think you should be thankful already that you are earning money for a job and not procrastinate.

Just to live in authoritarian country for a year, everything is regulated for you, food are subsidize and see how it goes. I don't understand why there are people who blame everything on their government though.

What do you want the government to do? Tell the food store how much they should sell their food? Or speak to the house owner on how much he should price his house? There should be ways that the government can intervene, maybe providing financial assistance. At the end of the day, even if they constrained the prices of food, etc, it’s known to keep increasing because of inflation.

Should the government provide subsidies to these three sectors? Namely regarding rental prices, energy prices and food prices.

We need to know clearly that when there is a policy regarding excessive subsidies, this will cause market distortions, where the balance between supply and demand, between production and consumption will cause inflation or supply shortages. Isn't this very dangerous?

Currently food prices may rise due to limited supplies. Conflicts between countries that occur and natural disasters and the El Nino that occurred recently can really hamper productivity and disrupt food availability. So what must be the main focus in this case, is not reducing prices but increasing production in the agricultural sector, so that food availability is met and prices return to normal. Likewise regarding the price of energy and oil, the main focus is not to over-consume energy, because clearly this will only increase the burden on a country, but what must be the main focus is resolving the conflict that occurred between Russia and Ukraine, as well as the conflict that occurred in the Middle East, because clearly the conflict could affect energy prices. Meanwhile, when we talk about rental prices which continue to increase, I think this is something that cannot be avoided, because the availability of land is getting narrower day by day. And the only way is to open new land, but this is not a good thing because it can disrupt the balance and preservation of nature, and can cause an air pollution crisis and trigger global warming.

In this situation, it is difficult to do, the government must maintain prices, so that is what determines the minimum wage level, which is good news and indirectly creates a better standard of living, the pattern is already starting to appear, and it is even difficult for the government and the economy to do so based on the minimum wage level of inflation. it is very difficult, it takes time to raise all of that, there must be a plan to fix it because the negative impact is very large, it is studied and implemented well

When the price of other items has increased like transportation, so you expect the sellers to maintain the previous price and always listen to the government? Who will bear the cost of this increased in transportation or you have funds aside to compensate them for the losses. My dear friend, it doesn't work like that. The government doesn't determine the price of items but the free market of demand and supply. However, the government can subsidies food if they think the cost is too much and the can't increase the wages and salary.

In Nigeria, fuel subsidy was implemented in 1970, so even when the price of fuel was high in other countries, we were getting in cheaper and for that, food items were cheaper, that was how the food items where controlled under the umbrella of the government. Not only that was subsidies, education subsidies here so education isn't hard here because we don't do loans to go to school, every parent struggle to pay the subsidies fees and so the dollars in circulation, we were literally getting dollar half the original market price.

Not until this year May 2023, the new government did find out that subsidies were been pocketed and the volume of corruption were high in those places because more than half of the subsidies aren't used for what it was bargain and subsidy was removed form dollars and fuels. The cost of fuels went to 3x and dollar to the local currency did 2x and now the price of food is crazy here my friend, services has 3x. Everything here has increased in price and it's no longer funny.

This is just how government can help control the price of food in the country but my country abused it's own privilege and now we're suffering from those actions.

I don't think that it will be easy for the government to checkmate or be in control of pricing in any country, just take for example some west African countries that can't even afford to buy gas and pay for electricity, how do you expect such individual to obey the pricing control of the government that they benefit nothing from, many of them are ready to do hard work to earn a living but min of such is available, the truth is that it will be very difficult  government for the government to control the stuffs unless they do the needful which is cutting down taxes, electricity bill and gas price fir production companies and mini individual producers in this way they can bring them to a round table discussion and little progress can be made to that effect, if not, nothing will be achievable.

Wages have been stagnant for many years and in some countries this has happened for decades, so it is obvious business owners do not want to pay their employees what they are due, and this situation has been gotten so out of balance that now this is seriously affecting the economy, since people do not have enough to cover their needs and they are taking loans to keep themselves afloat, but at some point they will not be able to do this anymore and this will slowdown consumer consumption, which in turn will slowdown the growth of those businesses as well.

I like that better than increasing the wages alone, because lots of people can benefit that way. If the business is multiple, that is where they need to diversify the manpower but if not or it's only single/one, then all manpower should be focused on it, to do the job more effectively. Maybe it's true that the government isn't the only factor but it starts with them.

I still think that it's better to pay the workers right, first, before anything else, or before improving the health/economy of a country. If people have sufficient amount of money, they can use it for different stuffs, and that can still contribute to the place or country that they are living with.

In this case, each company also has its own policy regarding the salary levels they set for each of their employees in the company. And well the companies themselves know how much they should pay their employees. The government's task in this case is only to determine the minimum wage for its citizens which must be paid by a company if it wants to fulfill the requirements for building a business or company in that country. And the real problem that I see currently is that many companies pay their employees wages below the minimum wage set by the government. And I hope that the government can act and fix this problem.

And maybe right now government it is also necessary to adjust the minimum wage for citizens of their country because currently food prices have almost doubled in a year. So I understand the feelings of those (employees) who have to struggle to adjust their expenses again and even have to be more frugal because now their salaries feel low because prices continue to rise.

Honestly I believe that it is not the duty of government to decide wages on private sector. It should be solely decided by the market. And if government dictates the private sector and put minimum wage requirements, then it will impact merit. Hardworking people will be paid at almost the same level at unproductive people. In the end, the businesses will be forced to layoff some of the staff, or shut down altogether. Only thing that the government should do is to make sure that there is no slave labor, discrimination or exploitation. 

Yes, I understand that the OP wants the government to move more quickly to compensate for the price inflation that is occurring. When inflation rises and prices of daily necessities rise, it doesn't make sense to continue living on the same salary as when inflation was not as high as it is now. So salary adjustments must also be made referring to the increase in inflation that is also occurring. So that the salary received can still keep up with price increases. But the government is actually trying to create another solution by suppressing inflation itself. But unfortunately, even when inflation has started to fall, the prices of some necessities do not return to their original prices. This is something that the government also needs to re-analyze and pay attention to. So that people's income can keep up with rising prices. But this is not easy because it will involve all lines. like big companies and so on. And perhaps small companies with minimal employees will find it difficult to increase employee salaries when turnover decreases. Because price increases can make customers run away. And the circulation of money slowed down and a recession occurred.

The economic crisis exists everywhere whether it's a developed country or a country where daily wages are even a few dollars for a complete day. There are numerous ways we have no to make money by doing side hustle and with social media we can make our life upside down but it needs skills too, without effort we won't be seeing any changes on the other hand governments also need to make policies that benefit the people who are under privileged.

What workers often experience is not getting a commensurate salary increase when inflation increases. Complaints about the government's failure to adapt to this problem have been going on for years - so I'm not surprised that many people are still not getting a pay rise in times of inflation.

The government could be accused of failing to regulate it – but this is not a new problem. Of course everyone hopes that government can fix it well so that society doesn't fall into bad economic constraints during inflation, but hope is just hope. Sometimes government are too busy thinking about their own pockets instead of their people.

Each country does have that different state when it comes to prices and the standard of living or simply just that talks about economic status on which we know that we can really be able to compare about those differences in prices and just been said that it would really be always pertaining about supply and demand.This is why if you do find yourself on the verge on having that struggling on survival then instead on trying out to point your fingers into the government, it would really be more sensible that you should really be that better trying out to find ways for you to have more income instead on blaming out someone.

You cant really just that make yourself that sitting still without doing something on the time that you are seeing that you had been affected by these economic problems on which it would really be that
normal and something inevitable if we do speak about inflation and this is why as much as possible, you should really be finding up ways and methods on which you could really be able to
earn more income aside from your day job so that on the time that everything increases then you would really be able to sustain up such thing.