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#316
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#320
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Mr Unsay Ngalan NImo.
You actually believed the article written in Rational Choice? Are you sure you know what you are reading? The person who wrote it used the homeowner and the helpers salary as merely money transferred from one hand to another, and that accdg to the supposed economist who wrote that blog, the total money is the same. Ha ha ha ha... Im sure you are not an economist Mr Ngalan, and so you blindly accept the blog of an economist (blindly)... Why is that funny? bec the supposed economist does not even know what he is talking about. And here is what you should know too.. MONEY transferred from the homeowner to the helper is not a matter of 100+0= 100 and that 80+20 = 100 (the total being the same). NO NO NNO way...!!!! Why? Dont forget this.. and read the book bec I know you did not read the book. the total is not the same because MONEY is created (not conserved!!), there is MONEY multiplier, and the Keynesian multiplier. Read the two chapters on these topic in the Hyperwage Book. If you have read them and still you dont understand, then DONT pretend to know. If you dont understand, DONT talk. Since I read that blog too before as I googled Hyperwage, if you had a better background in economics Mr. Ngalan, you will realize that: - the blogger who is an economics student, shows his ignorance of economics itself, by saying that thed principle in MONEY Multiplier is DIFFERENT from the Keynesian multiplier. HIs fallacious reasoning? That money multiplier is due to teh banking system. What baloney! That is economic ignorance outright. The fact is, the same principle and mechanism works in the Money multiplier in banks and the Keynesian multiplier, and indeed teh Keynesian multiplier is the Money multiplier. And their underlying process? Its also in the Hyperwage book: The infinite geometric progression for r<0. BUt I dont think you know what that progression means. Bec if you knew what that means, and if you have read the book, then there is no other conclusion: Keynesian multiplier and the money multiplier ARE NOT different, they have the same underlying process. I agree with the other pro Hyperwage here, we use the same language because we have read and understood the book. I was teacher of advance calculus before, and I understood Hyperwage Theory immediately because it is mathematically consistent. Have you read the chapter on "Repealing the law of supply and demand?" read it. if you cant understand it, I cant be responsible for your confusion. Do you even understand NONLinear systems? All the reasoning are found in the book, Grabe! The book is self consistent and perfectly logical. The more highly educated you are, the more you realize how deep it is. At first, I was a negative reader because I thought "this is against econ 1" but then when I read it, I realized, it was not against econ 1. It was actually beyond econ 1. Econ 1 is merely a special case, while Hyperwage is the general theory. Just remember this, your friends and relatives are in the US not because they love the Philippines but because they love the Hyperwage of the USA. The theory is not funny. It is you who are funny. and money paikot ikot is NOT the same total anymore. It is actually MULTIPLIED. It is obvious you dont understand the multiplier effect. Now thats funny.. somebody poohing an economic theory when this person doesnt even know what a multiplier is. REad more, learn more.
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#321
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There are 90 million pinoys, how many is benefitted in this project? 0.000001%.
As systems analysts, we should be able to focus on the long term and final solution. Not the palliatives. If all those people working on NGO projects will unite and move for Hyperwage, their effort will be for the long term and for 100% of the people in the country because all will benefit including the businessmen. Remember that businessmen work on a COST PLUS basis. Meaning, they merely add profits to their cost, thus the term cost plus. For biz, it does not matter bec they will just price it by adding their profits to their costs. If the prices of cement will go up, they will just raise their selling price. (Cost PLUS)/. If the prices of computers will go up, then they will just add their profits to the new cost, and the new selling price is computer. So why should businessews worry?
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#322
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Didnt reead this one, as I wrote my reply above. Yes, I agree, we should know that Hyperwage is the best solution to improve our conditions. So let our workers share the wealth by giving them a bigger share on the business through the higher wage
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#323
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In the Hyperwage Book, savings by employees is bad for the economy because that means some goods are not being sold bec of lower demand, therefore lower profits, lower employment, no purchasing power, not products sold, bec of lower demand. etc.
this is called the paradox of saving
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#324
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The US has 300 million people all getting min. wages 10x that Pinoy, and the book Hyperwage has a solution to lower the pop growth (we will still be growing but the rate of growth will be slower)
Read the book on its brilliant solution to pop. control. |
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#325
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Yes but God made us in his own image, that means, he gave us the freedom of will and choice. He did not build us houses but He gave us brains to build houses.
Similarly, He did not give us wealth, but He gave us the brains to come up with an economic theory that will make our lives richer and more convenient. If you simply say "live with it" then you ARE NOT using the BRAINS that GOD gave us to solve our problems. |
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#326
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Why is your sister in the US?
Hyperwage? There is your proof: Hyperwage (not low wages) is the key to economic prosperity. We have tried low wages for more than 100 years. And you as an engineer, do you now realize that if 100 years have been given as an allowance period for a theory, then maybe that theory is wrong? That is your proof: US is hyperwage.
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#327
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This one is easy. I read this in the book.
Suppose tomorrow, corruption is eradicated 100%, but the minimum wage is only P260 while the living wage is 700 per day (acdg to govt stats). will you be able to buy Cake baked by your neighbor? Hunger will still be there, (let them eat cake). The solution is simple. Raise his salary. And remember it is NON LInear.
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#328
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#330
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