Your way of living the wage what you need to live normal life - page 6.

fullhdpixel

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Quote from: Ulven on December 29, 2022, 10:05:05 AM

It is certainly important for governments to ensure that people are able to earn a living wage and that businesses are paying their employees fairly. one way that governments can address this issue is by setting a minimum wage that is sufficient for people to meet their basic needs. however, there are also other factors to consider when setting a minimum wage, such as the cost of living in a particular area and the ability of businesses to afford higher wages.
As you mentioned, rent prices can also be a significant expense for many people, and governments can implement policies to regulate the price of rent. However, it is also important to consider the potential consequences of such policies, such as a potential decrease in the supply of rental properties or an increase in the cost of housing for property owners!!

That is if you are a government worker because the governments are responsible for your salary but if you are only working on some random company then the government has nothing to do with them but only the business owner are the ones that can decide if how much is the amount they are going to pay to you.

It's only sad that most of us are underpaid but we can't do much anything about it because we also need a job to survive and being choosy for a job is hard to do, knowing that jobs are very limited. A minimum wage is better than being underpaid but let's admit it. This was still not enough even if you are only living a minimalist life but we can always do a side hustle to increase our income.

wxa7115

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

And you think governments have not tried this before? Price controls create distortions on the markets and the same is true when it comes to housing.

If real estate owners cannot charge the market rate for the rent of their properties and tenants are giving too much power over the real estate they are renting do you know what happens next? They simply stop offering their real estate for rent, this creates a shortage of housing for rent and now all of those people which cannot afford a house cannot find a place to rent at any price.

Many scenarios could follow depending on what the governments do to face this problem, if they try to combat this by increasing the number of house owners then this leads to a credit bubble, if governments try to force real estate owners to rent their properties this leads to a crash on the real estate market, if they maintain their posture then a black market will be created in which tenants are wiling to pay more than what the law allows to the landlords in order to get a place to live, and finally they could always revoke those regulations and let the free market sort this out.

paxmao

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

by doing calculations with economic experts they have disvored next prices.

If you live in generally canada you should earn at least 3500 in order to function normally.
Euro zone it's about 3500 EUR
In USA it's varied but If you live in los Angeles or new York it's a 7000$ + for sure
In UK London is more expensive but its about 4000 + for sure.

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

If we do this then instant paradize all around the world

No, you do not need 3500 per month I assume to live in the Eurozone. There is in fact nothing like the wage of the Eurozone, as the regions vary greatly in prices and income. Southern Italy, Greece, regions of Spain and even in France allow people to live even with 1200 Euros a month (no luxuries). Some people manage to do so with 900 a month. So those numbers do not make sense as they are.

There are thousands of people (I dare to say millions) living in London on less than 2000.

Regarding rent prices, restricting is not the solution, but rather building more houses and having social housing.

pixie85

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

Euro zone it's about 3500 EUR

With or without tax? You're lucky if you get 1k EUR net wage in some EUR countries. I've been working in Germany for a long time and if you're doing a government job like if you're an office clerk you're going to get 2k EUR, that's it. The minimum is 1600 and almost half of people in every country gets the minimum.

Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

That's a socialist idea. On a free market you can ask whatever price you want. It's not up to the government to tell me how much I can charge for rent.

Russlenat

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

by doing calculations with economic experts they have disvored next prices.

If you live in generally canada you should earn at least 3500 in order to function normally.
Euro zone it's about 3500 EUR
In USA it's varied but If you live in los Angeles or new York it's a 7000$ + for sure
In UK London is more expensive but its about 4000 + for sure.

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

If we do this then instant paradize all around the world

Yes, the best advantage is always given on the workers or employees so if this will be the norm, then we can always lessen poverty all over the world since every worker is well compensated based on his experience and skills. But in my country, it’s hard to expect something like this because the government will never push the companies to give constant salary increase, as long as they are following the minimum wage policy, that would be fine. And so the people will always struggle in finances especially with the inflation that took all the goods prices to increase.

Distinctin

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Quote from: livingfree on December 28, 2022, 06:42:53 PM

Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

At some point of time, I think this has happened in some state in the US. I think it was way back during the pandemic's height but eventually they have to put it back when things have been likely neutral again.

And again, it is unlikely to ever happen again or maybe if some big global crisis ever has come again. Then for sure that rent prices will be badly affected and there will be no more renters due to high prices that they're asking.

That should always be the thing because the government should always be in considerate with what his people need, and should always be in convenient with how much the renter can afford to rent. However, way back when pandemic hits our country, some residents who have been suffering from losing their jobs are already excuse from their rent obligations, as owners are also showing their support to the renters since they have no extra money too to pay their rent.

Lida93

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Wake up from your slumber mate, there's no way this dream is going to come through in a world as self seeking as this. Another thing to note from your idea is in believe that raising minimum wages of workers with fair pays could make people start living comfortable, I don't see that to be realistic in terms of solving the global hardship crisis as it would only lead to more increment in prices of goods and services when wages are raised for workers and this increase in prices of goods and services only defeat the the reason for the increase in the wages.

What is best to do, is for the government to key in their best to help stabilize the cost of goods and services , look into the reasons for these hikes and ameliorate it , only then can any increase in wages or salary can be positively felt by any worker any where in the world.

BRINIRHA

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Quote from: Darker45 on December 28, 2022, 09:38:08 PM

Although not a paradise, this is indeed the kind of world that everybody wishes to have. Not gonna happen, though. It probably could in a few countries, but never in the global level.

We cannot discount the fact that the well-being of any country and her people does not just lie in the hands of the government. You cannot take out of the picture human idiosyncrasies. Even in the countries with the highest per capita income like Luxembourg or Singapore, there are still individuals with no jobs and no homes.

what you are talking about is true. Equality of welfare will still be difficult to achieve. because that's the cycle and facts in life that we encounter. in developed countries there will still be people who are in poverty. and vice versa. but at least in developed countries the majority of the population has progressed and experienced prosperity. and the unemployment rate is not too much. different from developing countries where between working and not working is almost equal. and it's even worse when talking about poor countries that are experiencing hyper-inflation where social inequality is really obvious because sometimes the level of poverty still dominates in that country. and so does the unemployment rate which also dominates. the low wages do not match the high price of daily needs.

The role of government is clearly visible in this regard. and the answer to improving the state of a country is the level of morals and honesty of the government itself.

Ulven

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It is certainly important for governments to ensure that people are able to earn a living wage and that businesses are paying their employees fairly. one way that governments can address this issue is by setting a minimum wage that is sufficient for people to meet their basic needs. however, there are also other factors to consider when setting a minimum wage, such as the cost of living in a particular area and the ability of businesses to afford higher wages.
As you mentioned, rent prices can also be a significant expense for many people, and governments can implement policies to regulate the price of rent. However, it is also important to consider the potential consequences of such policies, such as a potential decrease in the supply of rental properties or an increase in the cost of housing for property owners!!

bittraffic

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Instant paradise all around the world! Grin

It does sound good actually if it's that easy to do. A business wouldn't hire someone if they are forced to pay a high rate just because he has the experience, it does have something to do with how much the business earns.

Wages vary in every country since we do have purchasing power parity differences. $3500 can be enough to live a decent life in Canada since your needs and commodities you buy don't travel from or somewhere else while in NY, you need $7000+ to survive because all things you need to live there have to travel far to reach NY.

gunhell16

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

by doing calculations with economic experts they have disvored next prices.

If you live in generally canada you should earn at least 3500 in order to function normally.
Euro zone it's about 3500 EUR
In USA it's varied but If you live in los Angeles or new York it's a 7000$ + for sure
In UK London is more expensive but its about 4000 + for sure.

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

If we do this then instant paradize all around the world

If so, these are the estimates of a person's salary according to the countries you mentioned. That's why my cousin in Canada mentioned to me that his salary of 1000$ Canadian salary is not enough so he looked for another part time job in Canada and every day off he does an extra part time job.

Then I was also surprised that it is also difficult to find a job in Norway, Los Angeles, and New York, but if you find a job in these countries, you are sure to get a high salary. Life is also good when the wages are like this, here in our country 3500$ in Canadian currency is too much, it is equivalent to buying a lot or a house here.

palle11

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

This is true. Rent is one thing that causes high cost of living in different countries. Those countries that have high and expensive cost of living, check their rent system for houses then you will see it is high. The government should help to reduce cost of building materials and to also have a proper regulations to renting of houses but it starts from cost of buying materials. Also by regulating the age of some houses to how much rent they can attract because old houses are probably built when cost of building was cheaper and they also have less modern facilities in them.

Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

This is important also. Business owners should be made to follow the standard of payment regulation from the government and pay wages to workers according and not to pay meagre amount that will barely take care of workers basic need. The government has to review this standard of payment.

Zlantann

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Quote from: Darker45 on December 28, 2022, 09:38:08 PM

Although not a paradise, this is indeed the kind of world that everybody wishes to have. Not gonna happen, though. It probably could in a few countries, but never in the global level.

We cannot discount the fact that the well-being of any country and her people does not just lie in the hands of the government. You cannot take out of the picture human idiosyncrasies. Even in the countries with the highest per capita income like Luxembourg or Singapore, there are still individuals with no jobs and no homes.

Workers in developing nations are mainly exploited by employers of labor. In most of these nations, there are minimum policies but they are hardly implemented or obeyed. This is because the government officials that are assigned to enforce these policies are corrupt. These erring firms would normally give these officials bribes and they would fail to carry out their tasks effectively. This has made workers to be paid far below the minimum wage because employees determine the pay and not the government.

This exploitation is the main reason why the goal of almost all professionals in these developing nations is to immigrate to developed nations where their rights as workers would be upheld to a large extent.

Darker45

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Although not a paradise, this is indeed the kind of world that everybody wishes to have. Not gonna happen, though. It probably could in a few countries, but never in the global level.

We cannot discount the fact that the well-being of any country and her people does not just lie in the hands of the government. You cannot take out of the picture human idiosyncrasies. Even in the countries with the highest per capita income like Luxembourg or Singapore, there are still individuals with no jobs and no homes.

franky1

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

again its not as simple as presumed

firstly when food prices increase. yes wages should increase where food is like a 6%-60% of income. then it feels like people are getting paid fairly if the wage increases go up inline with their regions normal % rise in food price.

however. by increasing the wage, your then increasing the cost of the food at the farm, at the distribution centre and then at the retailer to pay the increased wages. which then snowballs into ever increasing food prices

some retailers try to control this by saying to farmers unless you can make me milk for just £$0.35 a litre we will not use you as a supplier. which has ended up killing off the independant farmers and left things to the 'big-agri' industry to economise by efficiency and many methods of get the prices of produce down, which they then cant repeat the following year when wages increase because there are no more ways to efficiency gain to drop the produce cost. and so the retail price ends up going up.. which as said snowballs into more wages needed in year 3, and so on

BigBos

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

It's not like that, you have to look at the valuation of the business first, if the minimum wage is still applied to companies or businesses whose income is very small it will actually disrupt the lowest economic turnover and of course businesses will not be able to pay their employees. this is where the government plays an important role in enforcing the standardization of minimum wages by adjusting company income so that the economy continues to grow among small businesses.

Quote

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

This is expected by many people, but in my opinion many companies have done it, every employee who has additional skills and is important for the company, is always treated well by the company. But if the skills of the employees have no influence on the company, what is the reason for the company to increase their salary. This means that things like this must be mutually beneficial between companies and employees.

franky1

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

government should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

politicians dont do tours surveying properties. and dont do credit and income check on all potential tenants..

they delegate that to real estate agencies. where it should be the real estate agent that should have the responsibility to do property surveys FAIRLY and put limitations on rent per m² based on under 30% of average salary of the region.
where the real estate agents do not put tenants in jeopardy by charging rent more than someone can afford or raise their rents as soon as they move in

the problem is real estate agents have no penalty for getting tenants into debt via bad survey valuations and of overcharging a tenant.

and so real estate agents value property higher than the regions affordability and then pretend that a tenant can afford 50% even though the policy is suppose to be under 30% affordability

governments should create laws that allow for a penalty. where a real estate agent puts a tenant over budget. the tenant then has a law/right they can use to get the real estate agent to pull the rent down to an acceptable level

o48o

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

by doing calculations with economic experts they have disvored next prices.

If you live in generally canada you should earn at least 3500 in order to function normally.
Euro zone it's about 3500 EUR
In USA it's varied but If you live in los Angeles or new York it's a 7000$ + for sure
In UK London is more expensive but its about 4000 + for sure.

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

If we do this then instant paradize all around the world

Define functioning normally. In finland it's (after rent, power, water and medical bills etc) €532,97 guaranteed minimum, which you get from government if you don't have any income. That's calculated to be enough for single adult. But right now when food costs like 2x much, it's not enough and they are most likely rising the amount.

livingfree

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Quote from: Fullbear2222 on December 28, 2022, 09:55:12 AM

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

At some point of time, I think this has happened in some state in the US. I think it was way back during the pandemic's height but eventually they have to put it back when things have been likely neutral again.

And again, it is unlikely to ever happen again or maybe if some big global crisis ever has come again. Then for sure that rent prices will be badly affected and there will be no more renters due to high prices that they're asking.

Oilacris

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Sounds and do looks like a dream come true or a world would we would be living at peace since everyone do give out that opportunity but it is sad that it cant just be that possible.
Each country does have its economic status which it is really that normal to have those differentiations when it comes to those salary or wages standard for a particular position.
This is why as an individual then you shouldnt really make yourself that too relying into government system or rules or on how they do ran off a country.
Rather it would be worth it if you do find yourself to make more income or getting more revenue on various investment so that you could be able to make yourself withstand
with these economic problems.

Topic: Your way of living the wage what you need to live normal life - page 6. (Read 1329 times)