Australia has one of if not the highest minimum wage.
This economics YouTuber ranks it as one of the best economies, based on his own slightly subjective ranking that factors in both overall strength and egalitarianism.
this post was submitted on 14 Apr 2026
782 points (98.6% liked)
Lemmy Shitpost
39273 readers
4231 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 2 years ago
MODERATORS
βItβll make costs go up! Itβll cause inflation! Itβll cause a wage price spiral!β
NEWS FLASH! minimum wage hasnβt risen for over a decade and yet prices have risen faster than they did when we did raise minimum wage. Almost like, cheap minimum wages allows for more capital consolidation, and that in turn makes it easier for cartels, oligopolies and monopolies to form to enforce larger margins on low elasticity goods.
The average person is willfully ignorant about inflation because they benefit more from networking with people who believe the bullshit.
Capitalism requires a second class of people who are easily exploited and disregarded by the wider majority of workers in its system usually through propaganda. Racism existed before it but it certainly does benefit from making those different lesser so they can be easier exploited and dehumanized when needed.
The a Federal Minimum Wage has been raised twice since 1997, the last time in 2009, for a total of $2.10. It currently stands at $7.25 an hour.
20 states are still at the Federal Minimum Wage, or LESS, with some at $5.15, and Oklahoma as low as $2.
Oklahoma isn't $2. They don't use finite dollar amounts in their minimum wage law; it's tied to the federal minimum wage.
And Georgia only has the $5.15 for businesses with less than 6 people that don't do interstate commerce.
There should be no circumstance that $5.15 should be legal.
There should be no circumstance where $7.25 should be legal, either.
Aiden, Braiden, Jaiden, Haiden, and Okaiden, the penta-douche.
I went to school with the 90s versions- Tucker, Sean, Brad, Brady, Donny, and Clay. Tucker killed someone in a DUI, Brady took over the car dealership, Donny and Brad washed out in their college football efforts and are real estate agents, Clay is 44 and owns a college-age targeted night club he uses to predate on women. Sean turned out to be a decent guy at least.
Jamie had a chance, well she really did. Instead she dropped out and had a couple of kids. Mark still lives at home cause he's got no job. Just plays guitar and smokes a lot of pot.
What the hell is going on
Cruellest dream reality
Who? They all go by nicknames, usually related to their dick size, like Tiny, or Donkey Dick.
And my dad says it bad for employers not too pay a living wage.
I love the "we can fix the system built to fuck us up by only [writes a bible about how capitalism is full of loopholes and is basically made by and for billionaires]". No. There is no way in reforming this corpse of a system.
Brayden, Kayden, Jayden, Hayden, and Blake
You need a Sean in there
In Spain they would all be called Cayetano.
My hot take: Greedy rich companies and millionaires and billionaires will always try to take as much as possible from the consumer. Raising the minimum wage effects people that were making the minimum wage, and is less and less beneficial to those that were making more than minimum wage. If minimum wage jumped up by $5 to go from $7.25 to $12.25, anyone who was already making $12.25 isn't likely to get a raise to $17.25.
But because all these people are making more, the wealthy will up pricing of food and housing and utilities in order to keep making even more. This means inflation also rises faster. So while it helps things in the short term, it does nothing to help people in the long term, and it also hurts people closer to or already retired because the inflation will make their fixed incomes worth less.
So raising the minimum wage alone is a shit idea that only puts a short term bandage on things and the rising inflation means you'll constantly be "behind the eight-ball" and playing catch-up to keep trying to raise it as inflation keeps rising because the rich keep getting richer.
The real fix needs to be lowering the top. Not raising the bottom. Tax the shit out of the wealthy with higher taxes as money made grows. Close the tax loopholes that let them hoard wealth. Make it so that so much of their money beyond like $5,000,000 in cash or assets increasing in value a year would be pointless to try and make because it would all just go to taxes. This will cut the legs out from under the wealthy and stop the needless ripping off of everyone else. If they can't hoard money and increase their monetary value infinitely then the money will start going to the places it should. The inflation would stop, and upping the minimum wage could actually keep things livable.
If they can't hoard money and increase their monetary value infinitely, then their business will stop having any reasons to exist in the first place.
Also, many industries are only efficient at scale, and so putting any limit to that is going to hurt the economy (and hence, you) big time.
Capitalism, in any form, has this fundamental trouble where it either rips you, or has no reason to exist. Taxing the hell out of the rich is a step in the right direction, but ultimately even that is not sustainable. We need socialism, as in society/state owning means of production.
We don't need most of what is being produced today.
Most of those should die.
For every useful thing there are mountains of plastic useless waste produced, sold, and thrown away just to keep the economy turning. Including many clothes.
That's a negative on pretty much all you've said. Companies will keep growing. More people at the companies will max out at how much you can earn. No one will want to give all extra money to just paying taxes. Instead they'll take that extra money and it will get dumped back into the company. More buildings, expansion, more employees, higher pay and benefits, r&d, etc. they'll spend the extra money. You're talking as if someone who was making $5,000,000 a year would just be like "meh. Not worth doing this"
This was actually fairly close to how things where in the 1950's when the US had everything going it's way (if you were white, anyhow). Tax rates on the wealthy where over 90% at one point for over $250,000. Back when you could work at a grocery store and own a home and a car and not worry about drowning in medical debt.
Kinda related: At some point I realized inflation is actually kinda good when you have no assets and large debt, because it effectively shrinks your debt. The problem is, I only thought about it well after paying off my debts and gaining some assets, so now I feel like the guys in the pic if I talk about it.
only if the interest rate you pay on the debt is lower than inflation. let's say, if inflation is 3% and your interest rate is 5%, you still make additional 2% real debt every year. if however inflation is 5% and your interest rate is only 3% then you win.
Inflation is either expected or unexpected by the market.
- If it's expected, then it was already priced into your rate. The "tax incidence" of typical inflation falls on consumers, not lenders.
- If it's not expected, then the economy is failing and that's not good for anyone.
This math only maths if your income keeps pace with inflation. Otherwise you're getting priced out of living. Even if in relative terms your debt is shrinking, that doesn't make you better off on its own.
Yeah, thatβs where the kinda comes in. From experience, when youβve got that much debt you tend to lowkey want to watch the world burn, so youβve got that going too.
Only if you have fixed interest rate which a lot of people don't have.
... and just like that, you figured out what the FED is for, and that our world economy is based on debt, with inflation used to defraud the hordes of workers from adequate wages.
Once the inflationary economy crashes, banks buy up those previously inflated assets at rock-bottom prices, and the process begins anew.
I'll show them, I'll avoid those cyclical crashes by switching to Bitcoin!
Reason for The FED founding... let's stop those bubbles!
Immediately after FED founding... POP oh no! Well, let's keep it anyway. It makes JP Morgan so happy, look at him giggling!!
"Polta lippalakkis nuori..."
Got that first up against the wall when the revolution comes typa rizz
Share and Enjoy ---> Go Stick Your Head in a Pig
Why are they all playing with there junk?
Making sure it doesn't fall out of their shorts.
That's ok. The employees can show them what happens when they don't pay enough for them to live β¨
I don't care about the minimum. I care about the maximum earnings allowed annually.
This looks like the cast of Billy Madison 2, all dressed up for nudy magazine day.
Survival Of The Fittest, Bro! Let them fight for scarce resources. /s
Honestly, I'd hang with them. It's the ones with the outfits AND the single unifying hair style that immediately mark them as chads. If you look, there's a guy who's asking himself why he agreed to this, and a dude who thinks this is both the dumbest but funniest thing they've done that week
Buncha numpties
We just need some duct tape, rope, and a windowless van, and we're on Easy Street, fellas!
The confidence doesnβt match the argument at all π
remember when 'romphims' were the head-scratching "kids these days..." goofy shit of the day?