If people are paid too little “working poor” – if work does not pay off anymore – the whole capitalistic free market system is about to fail.
If it is the same income if people stay at home or or go to work – something fundamental is wrong and it is not the state well fare.
It is a evil combination of big companies and super rich 1% dogging their collective responsibility for society and avoid taxes and paying their workers too little (poverty line is 1000€ after taxes in Germany, minimum wage is 9.35€ before tax per hour.
if extraction / stealing money (also in digital form) in secrecy (cum-ex scandal: banks are fined to pay 400 Million € (aprox. 80 Billion € in taxes are fleeing EU countries EVERY YEAR! (with the help of banks))) pays off better paid than actually CREATING VALUE (which should be all the free market is about about) – capitalism is a cancer to itself and programmed for self destruction.
The US and the EU should team up (maybe at the UN?) and place trade embargoes on countries that become rich with tax dumping and avoidance – if Trump and and the next president does not take this topic serious – they don’t take justice serious.
It is rather a very unsustainable way of finance and economics that will drive voters towards more radical parties (extreme right wing minister could only be prevented in economically weak east Germany (former DDR) by intervention from Merkel).
Taz: Macron now wants to “flexibilize” wages in France by eliminating collective agreements for entire industries, but only agreements for individual companies.
Flassbeck: “This is exactly the wrong policy and a blind copy of the German guidelines.
France would have to reduce its wages by about -20% in order to catch up with Germany.
But this is not possible because domestic demand in France would collapse and unemployment would rise dramatically.
Instead, German wages would have to rise by about +5% annually, over many years. Only then will there be a Chance to save Europe.”
If people are paid NUTHIN’ they can’t buy NUTHIN’ and the whole fucked up system collapses.
Just look at Greece and it’s devastated economy.
Why is this so hard to understand? X-D