We need higher wages off course but goverment need to do one thing

[Fullbear2222]

In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

[STT]

Government doesn't determine prices, the free market does  [they are neither supplier or buyer in the balance].  Even if one country tries to do this most prices are set globally so the attempts would be quite futile.   You arent alone in wanting these things, but its not easily done.   Best thing a government can do is provide stability, unfortunately large amounts of debt and new currency issuance leads to the opposite with giant price instability and unknown prices in the marketplace especially externally.

[kentrolla]

This sounds good but not possible unless there are privatization and just to give you example the gas and electricity prices in UK which is a classic example of capitalism. We can never trust private players as government cannot control them or their prices and wages are something which government can set laws around this.

Government can cannot control price of private player in terms of any products like consumables and ration but it can start it's own food manufacturing units and provide them at subsidized or reasonable rates like it used to happen in some of the middles east nations but with certain norms to avoid making their citizens lazier.

[mirakal]

In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

Here in our country, its seldom to see minimum wages up, as what we always experience are only the consistent price increase with foods, goods and services. Unfortunately, the government seems does not even care at all or if they care, they will just approve a little increase for minimum wages after a long wait but they can't control those goods and services from surging its prices.

What we always ask from the government is to provide us long term jobs, not contractual ones. And most especially for those poor and illiterate ones, at least they should be given source of livelihood that will still provide them with decent amount of income.

[Twentyonepaylots]

Government doesn't determine prices, the free market does  [they are neither supplier or buyer in the balance].  

Yeah, only if the government decides what price tag shall be put on products or services then there'll be no problem at all with the cost of it. It's out of their control. I can see that these businessmen are greedy, I mean we all do, but in business making money is taking so much away from the buyers, consumers, and resellers. Not every businessmen have the Chinese mindset, they demand more cost when the product or services gives comfort or make you life easy.

Even if one country tries to do this most prices are set globally so the attempts would be quite futile.   You arent alone in wanting these things, but its not easily done.   Best thing a government can do is provide stability, unfortunately large amounts of debt and new currency issuance leads to the opposite with giant price instability and unknown prices in the marketplace especially externally.

Do you believe that one day goverment can provide stability? Like the poor, middle-class and rich will meet halfway with regards with these things? I wonder how would they do that, but hopefully.

[franky1]

government does not determine prices... hmm well not really but um kinda yea

when the government goes on a stimulus package spending spree the amount of treasury spending of debt money directly affects the GDP and its things like the housing market and retail stores that base their recommended retail prices on a formula they use thats a 0.0x% of gdp per goods/services

mortgages and rents are set to average 30% of average income and average income and spending does have a relational affect based on GDP and CPI
so there is a snowball effect if not rationed/regulated

[iv4n]

... and goverment duty is to be judge that everybody play fair game.

The idea is that Justice should be blind, treating all people equally, but I guess we all know that Justice is not blind... the ones on the top (and their families) are privileged in many ways. So I think that we are far away from a "fair" game,  we can even say that the game is rigged.

The government failed big time in some (many) countries, instead to make rules and be fair to all they are corrupted to the bones. It's especially visible when the institutions don't fairly do their jobs, big guys get away with killings and stealing billions, and small ones are getting big sentences.

 

[DrBeer]

In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

Can I ask one simple question? Tell me, how do you see the implementation of state regulation of prices for rent, energy, and food?

There are 2 options:
1. Prohibition to raise prices higher than...
2. Compensate

I’ll answer right away how these moves end:
1. The quality and quantity of offers of goods and services is falling. Why should I sell my products without covering my costs and without making a profit, if this is a business whose main goal is to make a profit.
2. Where will the state get funding for compensation? And the budget! From the budget that provides social programs for the population. That is, to the detriment of the population

In a word - government regulation is not the best option. This approach is applicable for critical situations in the country and economy, and only for critical products, but not for regular and widespread use.

[Dunamisx]

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

When it comes to discussions on minimum wages, salary and inflation, all these aspect were do complex to deal with because it's what concerns our individual persons, governments and the economy we run daily, also we should know this that wages cannot just be increased like that just because we want people to be able to afford a living, there must be plans on ground from the government towards these approach to make it more suitable for the change intended.

[Davidvictorson]

I wish the government can regulate the amount paid on rental properties. This would be a win for the poor.

Government cannot regulate food prices or prices of farm produce and products. It is beyond their reach. Regulating food prices will mean the "death" of the people in the supply chain from the farmer to the final consumer.

Recently in my country the government took her hands off regulating gas prices which used to be the norm. We thought it was a good thing but now it is chaotic. Everyone is complaining because it's negative effects is telling on everybody on the economic ladder.

What government can do instead is to increase the minimum wage. This is just one feasible solution.

[Queentoshi]

What government can do instead is to increase the minimum wage. This is just one feasible solution.

Not just increase it one time and then stop for the economy to later just catch up and overtake the new minimum wage, but regularly it has to be reviewed to make sure that it is in balance with the rising cost of things. If the government can do that and ensure that the reviewed minimum wage is always implemented quickly, people in the country will be able to afford some of these things as they increase. Government people have specialist in these areas, and some of them know these things, but due to corruption, it is never done.

[komisariatku]

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

For basic necessities, the government will usually monitor price stability because there cannot be a significant increase in the prices of basic necessities. If there is an increase in the price of basic necessities, the government will usually stabilize prices by increasing supply by importing from other countries.

Salaries in the countries you mentioned are very high but I'm sure the necessities of life in these countries are also expensive. In my country, the minimum wage a month is only $80 - $250, although it seems small but we can live on just $50 a month. Moreover, we are in a tropical country where we can grow rice and vegetables in the garden

[franky1]

I wish the government can regulate the amount paid on rental properties. This would be a win for the poor.

licenced real estate agents are regulated so when they have applicants that want to rent. the real estate agents do a financial assessment and credit check on the applicant..
.. the same cant be said for private rentals of independent landlords... but the usual guide is that rentals/mortgages monthly payments should not exceed 30% of someones monthly income

[uneng]

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

What you propose was already done in the past by socialist countries, but they failed economically, because that is not how you run the economy of a country in an efficient and sustainable way. You have to let the market breath by itself sometimes, instead of killing it suffocated by prohibitive regulations which may make sense on your theory, but that in practice will be totally harmful to common citizens and merchants.

If the prices are constantly rising out of control, it's exactly due to government's intervention, but in a wrong manner. So, you are asking for more government control as a potential solution, but you don't consider the more control government has, worse the economy of a country is getting.

Countries where there is more economical freedom are more likely to thrive along the time. However, it shouldn't be misunderstood with anarchy or corruption practices... There must always exist laws, ethics and morals to be followed in every societies in order to allow people living in peace and prosperity.

[bitzizzix]

The government only controls the balance and also determines which prices can increase and which cannot with full consideration.
And when the prices of most basic necessities increase, the government will also increase wages and balance them, and what we need to know is, actually productivity remains the same and the same as when basic necessities and salaries were before the increase. And the government's goal of increasing wages is one way to improve the economic welfare of workers and households so that it is balanced.
However, salary increase policies must also be considered carefully and carried out thorough research, and all of this aims to avoid the impact of inflation which could be detrimental.

[franky1]

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

What you propose was already done in the past by socialist countries, but they failed economically, because that is not how you run the economy of a country in an efficient and sustainable way.

you think capitalist america is efficient and sustainable.. have you not seen the debt ceiling
. im from capitalist/socialist UK but even i can admit how capitalist british empire eventually failed

[slapper]

I understand your point of view; rising living expenses are a major worry for everyone. It sounds like a simple cure when the government sets price caps on things like food, energy, and rent. But economics isn't really that simple. Price controls can lead to shortages; remember, businesses need to cover costs & make a profit. If they can't, why would they stay in business? We could find ourselves in a situation where there are few apartments and empty shelves

Regarding wages, we all desire to have more cash in our pockets. But what happens if costs are artificially kept down while incomes soar? Businesses may cut jobs or reduce hours to stay afloat. Although the goal is admirable, the execution is challenging. We require a well-rounded strategy, which might include raising the minimum wage, providing tax breaks for affordable housing, and providing targeted subsidies for necessities. The role of the government is vital, but it goes beyond simply officiating; it also involves creating a long-term strategy that will allow businesses and consumers to prosper

[Mauser]

In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.

So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.

How do you come up with these minimum wages? 3500 Euro minimum seems like a lot to me,    so even the most easiest cashier job without any work experience or school/university requirements is making 42,000 Euro per year. This would likely push inflation higher again and many smaller business would struggle to even pay such kind of wages. In my opinion over regulation from the government in the labour market is not a good idea as it will limit business and reduce employment in the long term. The same goes for the regulating the whole economy, like rent, energy and food prices. Why would the government be able to set better prices than an open economcy that is based on supply and demand? A landlord that wants to rent out his aparment for a certain price, might think twice about doing any refurbishment or investment in the property if he can't get his desired rent income. Also there is no guarantee that the prices set by the government will actually be enforced. In high demand housing cities where there are almost no flats available, the tenants could try to pay a higher rent in cash than actually allowed, just to be able to live closer in the city center.

[Frankolala]

It sucks to see that the price of food items and everything is the country is increasing everyday, but the minimum wage is just stagnant. People that were able to live comfortable before are now living a low standard of live because their income can no longer buy their monthly needs and to take care of the family. The average and poor ones are really suffering because the economy of the country is getting worse and nothing the government can do to help the situation of the citizens.

The problem is that we have bad and corrupt leaders who are after themselves and their families. I might even say that they are angry to see the poor living and that is why they don't care about their wicked actions towards the citizens.

[BRINIRHA]

The government basically cannot regulate any prices in the market. But they are just trying to control it so that the inflation rate is maintained. So that the needs of the community and the money generated can remain in balance. However, the impact of an incident, conflict, natural disaster, pandemic are things that were not in their plans. Therefore, it always has a big impact on a country's economy. Inflation continues to rise and many other things are now starting to get out of control in several developing countries. But in developed countries I think they are still quite good at controlling the rate of inflation so that it doesn't rise any higher.

However, it is the government's job to balance people's income with the rate of inflation so that people can still meet their daily needs and there is no recession. But there are governments that make efforts to avoid recession by printing more money. It's just that this could trigger inflation in the future. Well, this is a bit of a dilemma. Because I feel that the current government is also having difficulty dealing with the current economic crisis. They are trying to ease the ongoing economic crisis. But yes, it requires turning steps and requires quite a long time.