LikeAking:
IS THE WORLD UNFAIR TO THE WORKING CLASS?
The working class constitute of millions if not billions of people doing their very best to make the world a better place. But at the end they are treated with different degrees of unfairness by the system the work for, the government etc.

Its only when the new minimum wage of workers is about to be paid thats the government will realise they dont have money, inflation,reccesion, it will affect the economy blah, blah, blah. But on the ther hand, same government will pay billions of dollars to various contractors/companies with out complaining about been broke and how it will affect the economy.

The world is designed to unfavour the working class and favour the business class from my observation.when ever workers are paid a new minimum wage, inflation will kick in, the prices of goods will soar and render the value of their pay useless, their by keeping the worker in the same spot. For the business men the reverse is the case no matter what the earn/spend the economy goes up etc. Whttps://www.facebook.com/1794114960831754/posts/2517065415203368/?app=fblhat I will say is that people should stop talking about increasing the minimum wage, rather start asking and working for the improvement of the economy so that the niara value will rise making the money paid to them more useful.

For the government of the world and employers of labour what ever the spend on their workers is a big loss and they willl do everything to make the life of the worker miserable.

Government pays billions to the rich, it doesn't affect the economy negatively, prices of goods and services remian the same but let them pay workers or increase minimum wage hell will be let losed.

Abeg how una see am.

alphaNomega:
You have a point. All this talk about minimum wage, VAT increase, Sales tax etc mean nothing to the business class. The entire burden is borne by the final consumer/working class.

There is a delicate balance among inflation, unemployment and wages.

To summarise the whole stuff, when wages are increased, inflation sets in, unemployment is reduced because there is a lot of money to pay employees (but the workers are unable to afford goods and services because of inflation). When wages are low, there is not enough to pay the workforce so unemployment is high, deflation happens because there is not enough money to afford goods and services.

LikeAking:
IS THE WORLD UNFAIR TO THE WORKING CLASS?
The working class constitute of millions if not billions of people doing their very best to make the world a better place. But at the end they are treated with different degrees of unfairness by the system the work for, the government etc.

Its only when the new minimum wage of workers is about to be paid thats the government will realise they dont have money, inflation,reccesion, it will affect the economy blah, blah, blah. But on the ther hand, same government will pay billions of dollars to various contractors/companies with out complaining about been broke and how it will affect the economy.

The world is designed to unfavour the working class and favour the business class from my observation.when ever workers are paid a new minimum wage, inflation will kick in, the prices of goods will soar and render the value of their pay useless, their by keeping the worker in the same spot. For the business men the reverse is the case no matter what the earn/spend the economy goes up etc.

For the government of the world and employers of labour what ever the spend on their workers is a big loss and they willl do everything to make the life of the worker miserable.

Government pays billions to the rich, it doesn't affect the economy negatively, prices of goods and services remian the same but let them pay workers or increase minimum wage hell will be let losed.

Abeg how una see am.

NwaNimo1:


Your interpretation of inflation is upside down!

alphaNomega:
You have a point. All this talk about minimum wage, VAT increase, Sales tax etc mean nothing to the business class. The entire burden is borne by the final consumer/working class.

There is a delicate balance among inflation, unemployment and wages.

To summarise the whole stuff, when wages are increased, inflation sets in, unemployment is reduced because there is a lot of money to pay employees (but the workers are unable to afford goods and services because of inflation). When wages are low, there is not enough to pay the workforce so unemployment is high, deflation happens because there is not enough money to afford goods and services.