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World minimum wage


brughahaha

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Just listening to Muhammad Yumis on newsnight. Discussion was about working wages and conditions in places like Bangladesh and the massive markups enjoyed by western retailers on essentially slave labour. He suggested a worldwide enforced ( or no trade) minimum wage , he suggested 50c an hour minimum wage so people could work their way out of poverty

Seems like a very clever idea to me
 


brim4brim

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Jun 9, 2011
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We should just insist that for products to be sold in the common market the workers that made them should have the same working conditions as workers in the common market.

These companies could just as easily pay the higher wages and give the safe working conditions and make a couple of million less a year in most cases.

It just isn't in the shareholders interest, it is in our interest however since we shouldn't want to watch people work in these conditions anywhere in the world.
 

ruserious

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And what happens when Mr.Kumbo has to let go half his work force as he cannot afford those wages, thereby sending even more people into deprivation.
 

R3volution_R3ady

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Minimum wages are never a good idea.
 

brughahaha

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And what happens when Mr.Kumbo has to let go half his work force as he cannot afford those wages, thereby sending even more people into deprivation.
Why would that happen , if it was worldwide then a floor would be set on production costs , therefor contracts would not be lost on standardised production costs but on quality and service ........ And even if that forced large multi nationals to trim their gigantic margins based on slave labour....... No harm
 

seabhcan

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Just listening to Muhammad Yumis on newsnight. Discussion was about working wages and conditions in places like Bangladesh and the massive markups enjoyed by western retailers on essentially slave labour. He suggested a worldwide enforced ( or no trade) minimum wage , he suggested 50c an hour minimum wage so people could work their way out of poverty

Seems like a very clever idea to me
Lovely idea in theory, but there is no authority which could enforce it.
 

james5001

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And what happens when Mr.Kumbo has to let go half his work force as he cannot afford those wages, thereby sending even more people into deprivation.
Yeah, and when slavery was abolished in America it sent many black people into deprivation as they were previously getting food and accommodation. Bring back slavery, let's reduce deprivation!
 

brughahaha

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Lovely idea in theory, but there is no authority which could enforce it.
If the EU , US and Canada enforced it , it would be enough ....those are the big markets after all
 
R

Ramps

What does the genius who came up with this plan think will happen to the wages of others in the countries he mentions....he probably didn't think that far ahead.
 

Sense 0f Wonder

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Very conflicted feelings about this sort of idea. I think this is the kind of tactic through which governments and corporations will set about consolidating their power and wealth. A one world economy to bind them all?

On the other hand, you end up sounding like a right a@@ if you express misgivings about any idea that purports to lift exploited people out of poverty.

Would this be enforceable in the places where it is needed most?
 

brim4brim

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And what happens when Mr.Kumbo has to let go half his work force as he cannot afford those wages, thereby sending even more people into deprivation.
Do you know how these contracts are awarded?

Apple for example, give a contract to a manufacturing plant to make their iPhones and award the contract at such a rate that they know that the workers can't be working in safe working conditions or earn a sustainable wage which is why the workers have been committing suicide.

But they aren't Apple employees so they pretend to be blissfully ignorant of this. They pretend to audit the facilities for safety standards etc... but if you look at these audits on their own website, they don't make for good reading as many of the facilities fail the audits but that isn't in big writing in their PR.

Apple will still sell the iPhone in the EU if they have to ensure workers are treated fairly, they'll just have to issue these contracts at such levels that the owners of the facilities can ensure safe working conditions and pay fairer wages which will be better for everyone involved except Apple shareholders.
 
R

Ramps

Why not just introduce a minimum wage of 10 euro an hour everywhere?

That aul' poverty thing would be sorted out in no time....
 

james5001

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What does the genius who came up with this plan think will happen to the wages of others in the countries he mentions....he probably didn't think that far ahead.
Yeah. Same can be said for the people who abolished slavery in America. Shure it just drives the slave owners to other countries. We should bring back slavery!
 

APettigrew92

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Just listening to Muhammad Yumis on newsnight. Discussion was about working wages and conditions in places like Bangladesh and the massive markups enjoyed by western retailers on essentially slave labour. He suggested a worldwide enforced ( or no trade) minimum wage , he suggested 50c an hour minimum wage so people could work their way out of poverty

Seems like a very clever idea to me
The opulence of the Western World is directly dependent on the deprivation of those elsewhere.

Ever since the dawn of Modern Economics has there been a significant wealth gap between these two spheres.

The fact is that for this to be implemented, we would in turn have to sacrifice our cushy way of life as we know it.

A sense of moral, collective responsibility and human compassion.

Those things only exist in fairytales. It's the World we live in.
 

brughahaha

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Why not just introduce a minimum wage of 10 euro an hour everywhere?

That aul' poverty thing would be sorted out in no time....
Err he specifically mentioned he wasn't proposing 1st world wages in third world countries , just a minimum to abolish slave labour and allow people drag themselves out of dire dire poverty resulting in the sweat shops and dodgy factories that lead to huge loss of life in Bangladesh recently
 

brughahaha

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The opulence of the Western World is directly dependent on the deprivation of those elsewhere.

Ever since the dawn of Modern Economics has there been a significant wealth gap between these two spheres.

The fact is that for this to be implemented, we would in turn have to sacrifice our cushy way of life as we know it.

A sense of moral, collective responsibility and human compassion.

Those things only exist in fairytales. It's the World we live in.
Except fair trade and other such initiatives have lead to improved living standards for coffee farmers and workers , without the end of my morning cup
 

eoghanacht

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Lovely idea in theory, but there is no authority which could enforce it.
Nor ever likely to be willing to. A million reasons as to why to of which would be that the world's wealth is being concentrated more and more into a tiny percentage of the world's population who by virtue of that fact will have more leverage if ever it came down to discussion.

Nice idea.
 

eoghanacht

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Apr 18, 2006
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The opulence of the Western World is directly dependent on the deprivation of those elsewhere.

Ever since the dawn of Modern Economics has there been a significant wealth gap between these two spheres.

The fact is that for this to be implemented, we would in turn have to sacrifice our cushy way of life as we know it.

A sense of moral, collective responsibility and human compassion.

Those things only exist in fairytales. It's the World we live in.
A sad reality but still no harm in discussing it. It'd take a one world government and we are another 500-1k years away from that.
 

seabhcan

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If the EU , US and Canada enforced it , it would be enough ....those are the big markets after all
That might work certainly.

A more radical idea might be for Mr Yumis to get his own government to take care of its own citizens. Rather than waiting for 'the world' to solve their problems, just do it themselves. Perhaps I'm a dreamer.
 

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