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@radha942 жыл бұрын
Minimum wage is bad, and cause unemployment. In that case what about inflation adjust to inflation? Does that case any problems? Expecting your answer
@EconClips2 жыл бұрын
You mean the situation when companies adjust wages to make up for inflation? No, this doesn't cause problems - it's just maintaining real wages at the same level as before.
@---uf2zl2 жыл бұрын
To make such a claim, you really ought to show the result of some empirical studies, or even better, a meta-analysis. It's not enough to say "weak currencies may not help exports" without showing what were the results empirically.
@EconClips2 жыл бұрын
No, it's not necessary to talk about the economic theory by giving results of studies. The empirical studies tests the theory, not create it. But here you have some studies: www.tandfonline.com/doi/abs/10.1080/00036840500438848 papers.ssrn.com/sol3/papers.cfm?abstract_id=3369287 onlinelibrary.wiley.com/doi/abs/10.1002/j.2325-8012.2006.tb00723.x
@MrTheArtico2 жыл бұрын
You are exporting the same amount of stuff for less Money. Devalution only helps exporter
@austinbyrd41642 жыл бұрын
Gdp counts spending. Spending isn't inherently good, therefore gdp isn't inherently good. Venezuela's gdp was through the roof.
@aminuabdulmanaf44342 жыл бұрын
What would you suggest is a better alternative?
@austinbyrd41642 жыл бұрын
@@aminuabdulmanaf4434 real gdp, but even that is only adjusted to the government's figures of inflation. Which are heavily skewed. It's kinda hard to judge. Gdp simply stands for gross domestic product. It doesn't see the quality of those products, or whether we have a wasteful surplus of undemanded products. The only real measurement of a nation's wealth is their living standards, but how do you really measure that? It's subjective. Each individual has different wants & needs.
@stelltame2272 жыл бұрын
Inflation is a tax on the little guy. Stop printing fiat!!!@@
@NaNa-wj8tw2 жыл бұрын
Damn right. How many of us want to vote for rising living costs as a good thing. Insanity.
@Languslangus2 жыл бұрын
States need to work towards selfreliance.
@daringdare50782 жыл бұрын
Why?
@generalsalami8875 Жыл бұрын
Shipping away exports at artificially cheap exchange rates doesn't help towards self-reliance .
@yasaswy2 жыл бұрын
As long as oil is bought in dollars, demand for dollars will stay and nothing will change.
@voswouter872 жыл бұрын
That's not caused by the strength of the dollar though.
@Languslangus2 жыл бұрын
Ecavtly why the EU must demand all transactions are made in €.
@stelltame2272 жыл бұрын
but they are not being used for oil now.....40% of Europe now needs gold or Rubles. Get ready for hyperinflation America whole all those dollars are dumped as from Friday!!!
@austinbyrd41642 жыл бұрын
That demand is artificial & monopolistic. It's immoral, & will inevitably fail. They're literally doing trade deals with china & russia right now to price oil in yuan, rubles, gold, & even bitcoin lol.