What's your opinion on the hyperwage theory?

[mastersun23]

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interesting.. but its still a theory until someone tests it. Its very hard to implement kay macro ang scale.

[noodles]

in my thoughts, higher wages may result to:

A) the company you're working for will decrease some of their savings/profits. that may result to closing some businesses if they can't gain profits or get bankrupt.

I heard, some companies always pay lesser taxes to the gov't .. if they hire more people, the gov't will be able to collect more taxes from the companies' employees. explaining that companies can pay less taxes than the employees.

I also heard from someone that some companies issue different Official receipts. that means they're hiding their true profits and gains and avoiding the exact amount of tax collections. that might result to a higher tax(VAT) in the future. coz the gov't only gets few money from taxes.

some companies are corrupt, too.

but does it matter if you pay the exact tax amount for the gov't, yet the tax your paying ends up in other peoples' pockets? the situation is really sad. but if you don't pay the right amount, the gov't will soon ask another round for additional taxes in the future... for their pockets. the situation will soon gets worse.


B) workers will have the ability to buy more goods and services in the market if they have higher pay. it may mean more trade. and more trade will result to higher demands of goods and services.


I don't believe that our gov't is poor. they collect a lot of taxes.. if you compute how much taxes they will be able to collect in a single fast food chain like jollibee in a month or in a year.
and what's worse, the gov't still borrows money from the world bank. that means, what's left for juan de la cruz, is to rely only for the low labor the company he works for can offer, coz the gov't can't provide some juan's needs.


To summarize:
the some ppl in the gov't
- is asking taxes (or higher tax rates) for funds;
- borrows money in the world bank regularly;
- use the people's money to other means
- make juan to go work very hard
- has really lots of money


that some companies:
- cheats on their taxes
- pays juan really low
- have some money and savings coz they were able to spend less, and monetize much



juan de la cruz
- gets hungry coz juan can't afford too much
- was asked higher taxes
- does'nt have much money
- sometimes juan just can't save much coz juan wants more material stuff; either by great advertising, or juan just want it, aand, juan pays higher prices of goods and services


it's too much corruption makes us poor.

the truth is, a low paying wage and corruption is really making difficult for juan to rise.
sooner or later, naked juan-the-worker might work for free just to eat and buy stuffs. I just hope that's not gonna happen. maybe it's not gonna happen. businessmen will complain. they'll just ask you to swipe your credit card. just go to work juan.


I don't know but, Is having more money(more wage) the real solution?

[aLohaBby]

kdungog ko aning hyper-wage theory... ok pud oi!

[botslob]

Gi discuss ni ngadto sa politics thread unya naa may ni post against ani nga murag dili kasaligan ni nga theory. akong irepost dire in a while.

[botslob]

Mao ni ang post against hyperwage. Di ko sweto og economics pero murag nagdamgo man ta aning hyperwage. kung tinood pani ang hyperwage ngano wa man ni gi adopt?

I have read the theory already and had heard the discussion from the author himself Mr. Bentulan. I don't wish to put down the person behind it, but it seems he missed to see the science behind a "market-driven economy" which has been tested time and time again.

If you have read the theory well and believed it, then both of you are missing real economic concepts here. And yes, while you can't apply economic concepts most of the time, but you can apply those that are proven and tested. Thus the saying -- "If it ain't broke (accepted economic principles) why fix it?"

No.2 you and the author are not judicious in using economic data. You compare wages in affluent countries as basis why hyperwages can be applicable here. Does he know what BMI (Burger Mac Index) means? Did he ever study the impact of forex parity with reference to purchasing power between trading countries? That any adjustment in prices can dampen export markets? If he didn't, it can only mean he's just making up the theory without prudence.

No. 3 The theory plays on a skewed assumption that it will work because it invites foreign investments. This is REAL BS. How can you invite foreign investments with that if you're wages is not at par with countries offering the same job? Does your "theory" have any real data where it indicated a surge in foreign direct investment when hyperwage was applied?

I'm sorry, I don't even bite if hyperwage meets the criteria of being a theory -- it is very unintelligible, unscientific and best of it all -- it is unfounded!

[pataygutom]

What is the real name of BrownProse?

You seem to be very intelligent.

May we know what is:
1. course and honors, if any
2. your current affliation
3. your position
4. what industry?

even if you dont tell us specific name of company but at least we have an idea about your field.

thank you

[corleon III]

MisterSuave
dili man gamay bro.. example nalang nato ang TV manufacturers.. kung dagko sweldo mga workers, sila ra sad mo unay ug palit sa ilang products kay naa na man silay purchasing power.. mo palit gyud sila kay kabalo gud sila sa quality sa ilang kaugalingong hinimo..



kuya JT ikaw ni sa?hehehehe.. uyon ko aning nga theory pwdi rani ma.aply sa pinas oe..

[MisterSuave]

tig paminaw ra ko oi.. ganahan man ko sa theory pero di gyud nako ma imagine nga ma implement ni sa pinas..

[BeoR]

Hyperwage Theory would be feasible if we are a self sustaining and self reliant country. Unfortunately, our economy is driven by exports. If we adopt the theory and put it into action, how are we going to keep our economy going?

[koykoy]

lisod ni...

the premise of the theory (sa ako lang nasabtan sa inyo mga replies) relies on the comparison between different countries of a particular job. a la standardization. sus, kung ang currency, wala gani ma standardize, ang sweldo pa kaha? hehe

even EU had a hard time adopting EURO and daghan economies naapektuhan pag convert. tsk tsk