True News 51: Government Workers Will Eat Us All...

Public versus private salaries - the ghastly truths...

Freedomain Radio

http://www.freedomainradio.com

References: http://www.fdrurl.com/tn51

Category:

News & Politics

Tags:

• freedomain
• radio
• economics
• libertarian
• salaries
• recession

[pointatthemoon]

I don't understand how customers are the primary source of wages going up or down. Even if a customer would pay a lot for a high quality product, how does that translate into higher wages for the worker? If you have two companies producing the same type of product with roughly the same quality, but one company can lower production costs by cutting wages, won't that company be the one that wins out at the expense of the worker?

[stefbot]

they would lose their workers...

[steshaw71]

"justified counterfeiting"? Stef are you going soft?

How would "justified counterfeiting" work in a stateless society?

Who would decide what level of counterfeiting was justified?

Doesn't seem like honest money to me.

[stefbot]

I think you may have misunderstood... :)

[Moragauth]

Very easily. It takes a psychopathic class of individuals who believe they have the right to rule over others, and an exploited host which comes to identify said parasite as "good". It takes a mental illness to sustain it in the face of trenchant refutations.

[vtran31]

@pointatthemoon .... they do it indirectly. companies compete for employees. companies like google and microsoft pay a premium for high quality employees because they want the best and can afford it.

doesnt always work but tends to for the better companies

[lordthawkeye]

@SuperTregs So you're just a part timer while at school on the side? Hardly representative of the entrenched government workers this vid is talking about.

Besides, you're just a single anecdote. A sample size of one is hardly conclusive.

[SuperTregs]

@lordthawkeye because working for the golden arch is a horrible job. and the city has flexible hours so it is good while I am in school.

[lordthawkeye]

@SuperTregs No, why aren't you working for McDonalds if you'd make more there?

[SuperTregs]

@lordthawkeye I do work for the city that was the point of my post... 

[lordthawkeye]

@SuperTregs So why aren't you working there?

[wisdomtrek]

The government is a parasite  ...who would have thought?

[SuperTregs]

lol, I work as a city worker and I make 7.25 an hour with no benefits and no pension so I don't want to hear about municipal workers having "thieving salaries and huge benefits" because it simply is not true. I like my job, but we don't get paid anything, I would make more at Mcdonalds.

[surmasampo]

@spudboyspud

Lol, you thought that private industry would pay for science! If you want to work in actual research other than pharmaceuticals, then basically Governments are your only choice. What made you think that a profit driven entity would pay for something that can't turn into a short to medium term, exclusive profit. Oh, and the 1920's mafia example is a real world example of unregulated capitalism. The private and public sectors have their own places in each economy, in balance,

[surmasampo]

Ahh, wealth creation. The neo-economist word for profit in the corporate sector. Sustainable growth of an economy comes from primary product and vale add e.g what china and india have done. Service economies do not CREATE wealth, they borrow or buy it from others. This is super basic economics that pretty much sums up what went wrong with the western economic domination.