Why is U.S. minimum wage Less than half what Australia pays their workers?** UPDATED**
I was reading up on this & found it quite shocking how much Australia pays their workers on minimum wage. One thing I learned is that Australia has a "Labour Party" that represents the workers. America needs to start electing a Gov. that cares. Needs to elect Candidates who do not acccept bribes. We need to create a "Labour Party", like 50 other Countries are doing. Throw out lobbyiest & bribed Politicians. For a party that will represent the 99% of us.
Australia pays their workers a min. wage @ $17/hr., to flip burgers. Australia has converted their money to U.S. money. Where as we here in the U.S. is only at about $7.25/with talks of raising that. Still why such a difference? I wonder how is it that businesses such as a "Burger" place can still make money themselves, with paying such high min. wage.
2010 Australia is the 13th Largest Economy in the World. Since, turning to trade with the Eastern Asia Pacific Region. Fastest growing advanced economics in the world. 13th According to GDP - current prices 17th GDP (PPP). Stabled modern institutional & regulatory structure ranked 3rd. in 2011. Behind Hong King & Singapore. They have an ideal environment for business & environment. Concerns too reliant on exports from China. Australia Unemploy. (to them it's high) 2010 - 5.192% .22% more than the World. 4.97%. Employed: 11,220,600 Unemployed: 619,100. Inflation a cause for concern, high food & gas.
I was also reading up on Canada's economy. 2011 - Canadians working 61.8% up from 57.1 in 1976. 11.8% - work p/t 50% - work f/t. Women with kids under 6 was working at 66.8%. 2011. 55.4% for youths 15-24. Recent Immigrants 58.9%.
So, I wonder why can't or aren't we modeling after these Countries?
Look for the title of this article, which is my title of this thread, then click on that. If the link doen't just come up.***