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World's highest minimal wage

Posted: 11 Apr 2018, 18:10
by Dreamweaver

Re: World's highest minimal wage

Posted: 11 Apr 2018, 19:12
by Buck_naked
what is purchasing power parity?
and how is it calculated?

Re: World's highest minimal wage

Posted: 11 Apr 2018, 19:36
by Dreamweaver
Macroeconomic analysis relies on several different metrics to compare economic productivity and standards of living between countries and across time. One popular metric is purchasing power parity (PPP).

Purchasing power parity (PPP) is an economic theory that compares different countries' currencies through a "basket of goods" approach. According to this concept, two currencies are in equilibrium or at par when a basket of goods (taking into account the exchange rate) is priced the same in both countries.

Read more: What Is Purchasing Power Parity (PPP)? | Investopedia https://www.investopedia.com/updates/pu ... z5CM2hfuh2
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Re: World's highest minimal wage

Posted: 12 Apr 2018, 06:10
by Perrorist
There's a section of the LNP that believes there shouldn't be a minimum wage.

Re: World's highest minimal wage

Posted: 12 Apr 2018, 09:39
by mavisbramston
Well thats something to be proud of...mind you I dont think everyone is actually paid that.

Re: World's highest minimal wage

Posted: 12 Apr 2018, 20:37
by Warrigal
You're right Mavis. For those who are pressured into unpaid overtime, the minimum wage, taking into account the extra hours, is certainly reduced.

However, we do have some income supplements that are important to people on minimum wages - family tax benefit, low income card for medical and pharmaceutical purchases and the safety net for Medicare and pharmaceuticals. Also, the tax free threshold, which I believe does not exist in US, is a big help to many.

Re: World's highest minimal wage

Posted: 12 Apr 2018, 20:42
by Perrorist
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