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OfflineScavengerType
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Registered: 01/24/08
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Re: Democratic Party of Japan ends 54 years of LDP rule. [Re: Redstorm]
    #10976091 - 08/31/09 10:11 PM (14 years, 4 months ago)

Quote:

Redstorm said:
Or use thresher machines that makes 90% of the field workers obsolete.



If you were to pay them a quarter an hour or some such ridiculous wage (but not far under a Chinese walmart sweatshop worker's pay circa 2002) it wouldn't matter how efficient a thresher is, twas my point. Automation is a result of forces that do dictate higher wages for workers. Besides if threshing industrial acreages wasn't the norm it would open for other farming methods that would lead to large innovation in crop yields (like not monocropping). It sounds more inefficient in comparison, just because it doesn't make room for efficiencies in ecology that would exist or would be utilized with out the innovation that came from wage laws.

You can talk all you want about the merits of the market and how you know how to run an efficient workplace. but I've worked for total fucks for whom it was worse than pulling teeth from a grizzly bear to get them to make and efficiency changes, never mind the safety changes, even when it required little or no investment on their part and would make them more money in the long run. Thing is, they talked the same shtick and even if you are not lying for your abilities on your part, those fucks are still out there secure in their jobs running businesses. Now, raising the minimum amount of wage workers must be payed will lead to automation and efficiency or it will lead to a buisness going under. I think it is dubious that many of you screaming against minimum wage "killing jobs" are the first to say that the market is a sink or swim world. Well in the business community, minimum wages thin the herd so to speak.

That said you should not get your panties in a knot if you think this will lead to a min wage rise in the US. Japan has a lot of different factors in it that necessitate min wage rises, including a 1worker:4dependants (though that is a 5 year old statistic) dependency ratio, among other economic factors.

Adjusted for inflation your US federal minimum wage looks like this.

It's not like it's even that high with a historical comparison.


--------------------
"Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?"
"The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything."
- Author and former M6/M5 agent John le Carré on Democracy Now.
Conquer's Club


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Invisiblezorbman
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Registered: 06/04/04
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Re: Democratic Party of Japan ends 54 years of LDP rule. [Re: lonestar2004]
    #10998761 - 09/04/09 12:54 PM (14 years, 4 months ago)

Quote:

lonestar2004 said:
and how does the Democratic Party of Japan feel about buying Americas debt?





Very astute question.

"Some members of the DPJ have vowed to shun U.S. debt, which suggests public pension funds and other quasi-government funds (such as the newly privatized Japan Post Holdings, whose shares are still held by the government) could move to higher-yielding assets if DPJ becomes the ruling party.

Diversification of foreign exchange reserves and pension funds away from the U.S. dollar could mean sharp losses for the dollar. Japan is the second-largest foreign holder of Treasurys (after China). The reduction in Japan's external surplus in 2009 may already have contributed to a reduction in Japanese reserve growth and U.S. debt holdings.

Despite the decrease in the U.S. current account deficit and a higher U.S. savings rate, the U.S. would have a very difficult time meeting its financing needs if Japan stopped buying U.S. debt and sold off its dollar assets or signaled the intent to do so. Such a move could precipitate a disorderly decline in the U.S. dollar and the loss of its supremacy as a global reserve currency, especially if other reserve holders followed Japan's lead."

http://www.forbes.com/2009/07/22/japan-deflation-lost-decade-aso-yen-dollar-opinions-columnists-nouriel-roubini.html


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch


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OfflineScavengerType
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Registered: 01/24/08
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Re: Democratic Party of Japan ends 54 years of LDP rule. [Re: zorbman]
    #11005816 - 09/05/09 07:51 PM (14 years, 4 months ago)

that's America-centric, Japan buys most of it's nat resources from Canada. It can reconcile US debt quite easy. We'll be happy to take a bunch of northern states on the cheap and refurbish them... assuming some of the Americans have to leave.


--------------------
"Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?"
"The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything."
- Author and former M6/M5 agent John le Carré on Democracy Now.
Conquer's Club


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