3 posts shown.
Joshua Jones17 said:Hey there! I was wondering—is it actually possible to sign up for this index plus student package without also getting an American Express card? Also, I’m curious if I could withdraw some cash right at the start, before the physical card even arrives in the mail... say, $33 out of those 1000 they're offering?
That won't work, though you aren't forced to use the card if you don't want to.
I'm pretty sure you'll just have to wait until the card shows up before you can
Here’s how I see it:
Most advanced nations don't even have a minimum wage. Look at Germany or Austria—how on earth do they manage to have higher salaries than we do? It’s wild. For instance, about 40 years ago, you could hire a German worker for $3.25, which was actually pretty cheap. Back then, employers kept flocking here to grab that inexpensive labor. But eventually, things flipped. Suddenly, there were more bosses hunting for cheap workers than there were actual workers available! So, one employer would offer $5.00, and when another wouldn't back down, they'd offer $6.75. For the worker, that pay just keeps climbing until it hits a certain ceiling,
. But here's the kicker: employers aren't interested in moving their factories elsewhere. Instead, they try to convince the government to import cheap labor from our part of the world. Since there's no minimum wage here, an American worker will end up getting
.
And it isn't just about the minimum wage; you've got taxes, surcharges, contributions, and all that bureaucracy
.
Plus, over there, the big goal is to be an entrepreneur, whereas here, everyone just wants to be a politician
. In their system, politicians don't play the lead role in deciding who gets to be a monopoly (like Ivica Todorić) because the market decides everything
.
Amanda Allen4 said:It’s a simple equation: employment rates and wage levels are moving in opposite directions.
I don't really see it that way. Sure, maybe in the short term? But looking at the big picture, when companies are desperate for cheap labor, they eventually have to bump up those wages just to stay competitive. It climbs until it hits a certain ceiling, right?