The "Poverty Trap" budget

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God, dont give up. Internet forums are only interesting when people have different opinions. If we all thought the same, it would be extremely boring. Of course, purple will probably put me on his ignore list now!

I don't do ignore lists; it's good to talk. Besides, most of the criticism I get is perfectly valid.
 
Pure capitalism is as much of a failure as pure socialism.
I disagree. I'd still choose to live in a failed capitalist state over a failed socialist state. Though I'd like to try a state based on Austrian economics if there was one. Perhaps Switzerland or Hong Kong. Just to see what it's like :)
 
Sounds like your buddy is a bit over-generous in China and a bit mean in Germany.

Average manufacturing wages in China - $3.10 an hour ([broken link removed])
Average manufacturing wages in Germany - $48 per hour (http://prospect.org/article/business-booming-0)

Average manufacturing wages in urban Chinese areas are higher, here are some figures broken down from 2008, wages are up considerably since then: http://www.ventureoutsource.com/con...ring-hourly-labor-rate-compensation-costs-ems
And I believe those figures for Germany are very very very wide off the mark. Here is a table from 2005 for qualified professions ranging from butcher to electrician, mechanic and plumber: http://upload.wikimedia.org/wikipedia/de/d/d9/DurchschnittsbruttostundenverdienstHandwerk.png
Former East Germany has also got substantially lower wage rates.


Merry Christmas everyone. Seriously, coming from someone who works in investment banking, with a hatred of socialism, unions and other left wing rubbish, complainer does have a point. Pure capitalism is as much of a failure as pure socialism. I know people will argue that we never had pure capitalism but when Governments decided deregulating or light touch regulation was the way to go, how did the corporate world treat everyone?
But we also didn't have light touch regulation. Some regulations were repealed while many others were added. Most importantly the implicit and explicit government guarantees were never repealed, which is the main reason why banks behaved recklessly. But that is a discussion for another thread.

are you sure thats not per day!
Nope, per hour! It is a total myth that Chinese workers are working for a few dollars a day in dodgy sweat-shops. Take a look at chart 2 here: http://www.ventureoutsource.com/con...ring-hourly-labor-rate-compensation-costs-ems
 
The more you nag, the less motivated I am to think about answering this issue.

At this stage I don't really care whether you answer the question or not (at least you refer to it as an issue now). My gut reaction is telling me you are avoiding it (no offense meant) and I have a fair idea what your answer would be if you did answer it.

I asked another question in post 163 in this thread in response to one of the worst posts I've ever read on AAM, but that probably won't be answered either. Feel free to ask me any question based on any of my posts..I'll be happy to provide an answer as ultimately I think it's rude not to.
 
Sunny, Complainer if you want to go to the "bad-boy" corner, get in the queue behind me. I gave up this forum for the last fortnight and you know it was a fortnight well spent.
 
At this stage I don't really care whether you answer the question or not (at least you refer to it as an issue now). My gut reaction is telling me you are avoiding it (no offense meant) and I have a fair idea what your answer would be if you did answer it.
It just seems a bit strange that you keep on going on about something that you 'don't really care' about. Methinks he doth protest too much. As I explained to you by PM, my world does not revolve around you. There are hundreds of good reasons as to why I haven't answered this question, the vast majority of which have nothing to do with you and nothing to do with avoiding the question. And as I explained to you by PM, the more you nag, the less likely I am to answer.

I asked another question in post 163 in this thread in response to one of the worst posts I've ever read on AAM, but that probably won't be answered either. Feel free to ask me any question based on any of my posts..I'll be happy to provide an answer as ultimately I think it's rude not to.

If you've a problem with any of my posts, click the red triangle. Funnily enough ,there are several questions that I'm thinking about asking you now. Most of them start with 'Would you ever go and'. But ultimately, I think it would be rude to continue. I think that's enough from me on this one.
 
Complainer To Firefly
Funnily enough ,there are several questions that I'm thinking about asking you now. Most of them start with 'Would you ever go and'. But ultimately, I think it would be rude to continue. I think that's enough from me on this one.

Stunning.. sums it all up ...

Firefly: Would love to see what you were" PMd"!!
Either way, as Im sure you already know, when someone is avoiding giving an answer you can be certain they dont have a logical one .
 
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