Pacquiao Fights For Workers' Wage Increase

[ThePrince]

But how is the no more condoms thing going though?

Probably not well, can't see any reasonable government outlawing condoms... So how do you feel about Manny trying to raise a whole nation of workers' wages?

[DoktorSleepless]

Pacquiao is a ****tard that's going to ruin the economy. Somebody hand the guy an economics textbook so he could be less of a ****tard.


An artificial wage increase is what's called a price floor. A price floor will create a surplus of worker that won't be able to find a job. A wage increase my indeed benefit a number of workers, but it'll come at the expensive of a higher unemployment rate.

[Manny#1ATG]

Pacquiao is a ****tard that's going to ruin the economy. Somebody hand the guy an economics textbook so he could be less of a ****tard.


An artificial wage increase is what's called a price floor. A price floor will create a surplus of worker that won't be able to find a job. A wage increase my indeed benefit a number of workers, but it'll come at the expensive of a higher unemployment rate.

I doubt 99% of the posters here have ever opened a macroeconomics book.


^*******s and *****s

[ThePrince]

Pacquiao is a ****tard that's going to ruin the economy. Somebody hand the guy an economics textbook so he could be less of a ****tard.


An artificial wage increase is what's called a price floor. A price floor will create a surplus of worker that won't be able to find a job. A wage increase my indeed benefit a number of workers, but it'll come at the expensive of a higher unemployment rate.

That makes sense for a country like the U.S. where there are minimum wages. Even with this increase I doubt the average workers' salary would be enough to cause a seismic shift in employment rates, it'll just be enough for workers to feed their families most likely.

[Manny#1ATG]

That makes sense for a country like the U.S. where there are minimum wages. Even with this increase I doubt the average workers' salary would be enough to cause a seismic shift in employment rates, it'll just be enough for workers to feed their families most likely.

This is also coming after there were massive wage protests in Philippines last month. If he can actually formulate a way to establish sustainable wage increases for the people it is awesome, but it is likely just meaningless pandering to the masses.

[-Johannes-]

This is very good and all, but I've made threads that were deleted because they had nothing to do with boxing and neither does this one.

[DoktorSleepless]

That makes sense for a country like the U.S. where there are minimum wages. Even with this increase I doubt the average workers' salary would be enough to cause a seismic shift in employment rates, it'll just be enough for workers to feed their families most likely.

But the minimum wage in the US is also a price floor that's fucking over low-skilled workers. Cheap labor is the one thing low skilled workers have to offer that makes them worth hiring. You take that away from then, then they have nothing. A low paying job is better than no job.

It doesn't make sense in the US and it doesn't make sense in the Philippines. What Pacquiao is doing is even worse than the minimum wage in the US because it's going to screw over both low skilled workers and high skilled workers since he's asking for an across the board wage increase for everyone.

[DTanc]

Pacquiao is a ****tard that's going to ruin the economy. Somebody hand the guy an economics textbook so he could be less of a ****tard.


An artificial wage increase is what's called a price floor. A price floor will create a surplus of worker that won't be able to find a job. A wage increase my indeed benefit a number of workers, but it'll come at the expensive of a higher unemployment rate.

I was a Economics major and it's even simpler than this. In the part of the world where the Philippines is there are so many countries with cheap labor. If they raise the minimum wage, factory owners will be enticed to just move to the next closest country with cheap labor.

It won't be a factory owner having to fire a couple employees to offset the new higher wage costs as some posters have suggested, it will be factory owners shutting down the whole factory and leaving everyone without a job.

Manny's heart is in the right place, but he needs to surround himself with some people with a better understanding of economics if that's where he wants to make his mark.

[Las Vegas,]

employers are mad...

Oh they mad. Real mad.

[Aztekkas]

Raise the wages and you lose more than you gain...companies are already hesitant to open up shop here due to the NPA's "peoples taxes" and what not..imagine a wage increase. They'll pack up and leave...leaving a bigger void to fill.