The Minimumwage

Day 983, 14:57 Published in India United Kingdom by Hardstyle4life
Dear readers,


Currently the minimum wage should remain at 0.1 due to that the entire world market is going to eventually shift in the correct ratio of labour to Prices. If we raise the minimum wage we alter the eventual ratio to a higher standard so our companies will not be able to export to other countries due to prices.
Once the market has finded a balance on both the jobs and the goods market and the most indian companies have founded good export licenses in eRepublik rising we could rise the minimum wage until that i am not a fan of rising it right now.

For the good of the citizens, the eGovernment should raise the min wage (when the opportunity presents itself, meaning after import and export has been established/fixed).
The min welfare level of the citizens of an eNation could be measured by the following ratio (price Q1 food [= Health 1,5; Happiness 1,5])/(min wage)
eIndia compaired to other nations:
eIndia: 0.38/0,10 = 3,8
The eNetherlands: 0,43/0,40 = 1,075
eFrance: 0,32/0,10 = 3,2
eGermany: 0,26/0,10 = 2,6
eUK: 0,55/0,10 = 5,5
eAustria: 1,05/0,10 = 10,5
eTurkey: 0,37/0,15 = 2,47
eSwitzerlan😛 0,98/0,10 = 9,8
eParaguay: 1,00/0,10 = 10
eMexico: 0,84/0,15 = 5,6
etc.

The netherlands are currently the best market for low lvl players (who will notice the effect off a raise of a minimum wage the most)
The monetary market needs a fix first in my opinion.

now you'll notice that in the netherlands the company's have almost no profit on selling q1 goods but the ultimate solution to satisfie both parties (workers and company's) is to have a good welfare level and let there be a bigger difference between high and low quality market goods and bigger differences in the wages, maybe the goverment could try to "control" the market for a short while and help find a liveable balance with state company's for exemple, off course this would only be a temperary solution because a free market is always better then a communist (lolz) but until the markets don't find a liveable balance this could help us the most.

(and i am capitalist 😛)

ps: i hope the majority of the congress keeps declining minimum wage proposals until the market finds a balance and our company's have bought good export licenses for the new world!

Jai Hind, Sub And Vote Please
Hardstyle4life writer of The News Magazine