besides our export industry is lame compare to OFW remittances
if implemented that will happen.. but there wont be any work for them.. beacuse alkot of factories and companies will be going to states with lower labour cost such as India, China and MAlaysia... if they come back home they will only add to the piling numbers of unemployed...
Last edited by unsay_ngalan_nimo; 06-26-2009 at 09:45 PM.
I'm just a newbie here,but I have some view and stance about this topic,I think the theory imply an accross the board wage increase to promote well being,but I think it is not so, why? because if you increase the wages the prices of commodities would also increase, those increasing the cost of living,then again why? because if you increase the salary wages the cost of production would increase and if the cost of production would increase then eventually the cost of the products would also increase, products that we are also consuming and spending on.Even the cost of raw materials would increase as it is also dependent on manpower.On the other sense hyperwage theory will just ruin the economy mostly on the export sector for it will make our product more expensive and become less attractive to importers.
read on MrUnsayNgalanNimu-
Davanitz-
There are a lot of benefits of hyperwage theory. Please search my posts on this- simply leftclick my username and click profile, then statistics and find all posts- look for my post in How to solve poverty...
Nice theory, but is it implementable? Has this worked historically?
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what would happen if this theory will push through mang layas ang atong mga present ug future investors ani kay dako na kaau tag sweldo as a result daghan walay trabaho..This is great unta but hangtod theory ra ta ani when talking about sa mga private, foreign and export firm (which is usually mao nay gdaghan diri sa atoang nasud) because this is one of the reason nganong naa sila diri ga tukod sa ilang companya kay gamay ra atong sweldo nice pa dyud ang output sa atong work
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