What's your opinion on the hyperwage theory?

[Tarmac]

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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

Puwede man ang mga factory worker mubo gihapon ug suweldo para dili muhawa o manera mga foreign and export firms. Basta mga maid lang tas-an ug suweldo.

[al1974]

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.

With all due respect bro- your comment just means you haven't read and understood the subject matter. Please read the entirety of the Hyperwage Theory before jumping to conclusion. All your questions and/or doubts will be answered.

Google it- Street Strategist The Hyperwage Theory

[miyako73]

Hyperwage is a *****'s economic theory. Even an average person who has no background in economics can easily detect the idiocy of such theory.

If a businessman radically increases the wage of his maid, considering it is due to the labor policy of the government that becomes a strict national wage law, do you think that businessman will not balance his sheets by increasing the price of goods or services he sells or renders?

It will be the same story--the maid will now have an increased financial resources to spend on pricier goods or services. Different amount but the same reality.

Some may say that the government can enact a price cap law that will prohibit the businessman to raise the prices of his goods or services, but still that will not work. Remember the basic objective of entrepreneurship is to gain, not to lose, and nobody puts up a business just to break even.

If the businessman loses, he will close down his store or factory. What will happen then to his workers? They will be jobless and nobody will hire them because the minimum wage is just to high. Joblessness then will definitely increase.

The businessman's workers won't be the only losers. The rice farmers or coconut producers, granting the businessman sells rice or processes coconut oil, will also suffer. The prices of their rice and coconut will go down. The farm owners will be bankrupt and leave agriculture altogether to become wage earners, hoping they will be hired for salaried jobs.

This will be the end of agriculture, a major industry in our country, and rural economy. Sudden migration from rural to urban will happen. You know what will come next: panic buying, hoarding, overpricing, consumer exploitation, business deception, less supply, more demand, more jobless, less jobs, hunger, protest, anarchy. Aren't you scared yet? I am.

It's good for the maid because the businessman cannot fire her since his family needs her badly, but the rest will be harshly affected. That will not last though. It is innate to human beings to adapt for survival. When the businessman learns to push the buttons on the rice cooker and washing machine, having a maid will become a luxury.

Now change the reality of the household dynamics with that of the corporate one. The maid is now an accountant. Think of firing and downsizing and yes, overworking.

A manager, human resources specialist, and a receptionist will get pink slips, and the accountant will do their jobs in addition to doing accounting. Do you think the accountant will not protest and quit? That will be another way of creating joblessness by enslaving the salaried workers.

Now go back to the maid. Do you think she won't complain if she has to water the plants, wash the cars, and take care of the obnoxious kids running around in addition to his usual job of cooking, cleaning, washing the laundry, etc.? She has no choice since the businessman just fires the gardener, the driver, and the nanny, so he can afford to pay her.

The maid will eventually quit or file a case against the businessman for slavery or exploitation. The government will now pass a law against illegal servitude. At last, no more jobs for the countless maids. The businessman will downsize his lifestyle-- no garden, just one car, smaller house, and a lot of electric appliances. He no longer needs the maid

Do you know what will happen next? The maid will turn tricks. Maybe one hundred bucks for a blow job. Even prostitutes will suffer, and unfortunately they can't complain. Their line of work is not protected by the national wage law or the law on illegal servitude.

Now the question: Currently ours is a country of maids, do we want to turn it into a country of prostitutes? Indeed, hyperwage theory is crazy and scary.

[public7enemy]

kanus-a pa kaha na mahitabo dri sa ato.. naa naman untay minimum karon pero para nako gamay ra gihapon labi na kung pamilyado naka...

[miyako73]

Hyperwage is a *****'s economic theory. Even an average person who has no background in economics can easily detect the idiocy of such theory.

If a businessman radically increases the wage of his maid, considering it is due to the labor policy of the government that becomes a strict national wage law, do you think that businessman will not balance his sheets by increasing the price of goods or services he sells or renders?

It will be the same story--the maid will now have an increased financial resources to spend on pricier goods or services. Different amount but the same reality.

Some may say that the government can enact a price cap law that will prohibit the businessman to raise the prices of his goods or services, but still that will not work. Remember the basic objective of entrepreneurship is to gain, not to lose, and nobody puts up a business just to break even.

If the businessman loses, he will close down his store or factory. What will happen then to his workers? They will be jobless and nobody will hire them because the minimum wage is just to high. Joblessness then will definitely increase.

The businessman's workers won't be the only losers. The rice farmers or coconut producers, granting the businessman sells rice or processes coconut oil, will also suffer. The prices of their rice and coconut will go down. The farm owners will be bankrupt and leave agriculture altogether to become wage earners, hoping they will be hired for salaried jobs.

This will be the end of agriculture, a major industry in our country, and rural economy. Sudden migration from rural to urban will happen. You know what will come next: panic buying, hoarding, overpricing, consumer exploitation, business deception, less supply, more demand, more jobless, less jobs, hunger, protest, anarchy. Aren't you scared yet? I am.

It's good for the maid because the businessman cannot fire her since his family needs her badly, but the rest will be harshly affected. That will not last though. It is innate to human beings to adapt for survival. When the businessman learns to push the buttons on the rice cooker and the washing machine, having a maid will become a luxury.

Now change the reality of the household dynamics with that of the corporate one. The maid is now an accountant. Think of firing and downsizing and yes, overworking.

A manager, human resources specialist, and a receptionist will get pink slips, and the accountant will do their jobs in addition to doing accounting. Do you think the accountant will not protest and quit? That will be another way of creating joblessness by enslaving the salaried workers.

Now go back to the maid. Do you think she won't complain if she has to water the plants, wash the cars, and take care of the obnoxious kids running around in addition to his usual job of cooking, cleaning, washing the laundry, etc.? She has no choice since the businessman just fires the gardener, the driver, and the nanny, so he can afford to pay her.

The maid will eventually quit or file a case against the businessman for slavery or exploitation. The government will now pass a law against illegal servitude. At last, no more jobs for the countless maids. The businessman will downsize his lifestyle-- no garden, just one car, smaller house, and a lot of electric appliances. He no longer needs the maid

Do you know what will happen next? The maid will turn tricks. Maybe one hundred bucks for a blow job. Even prostitutes will suffer, and unfortunately they can't complain. Their line of work is not protected by the national wage law or the law on illegal servitude.

Now the question: Currently ours is a country of maids, do we want to turn it into a country of prostitutes? Indeed, hyperwage theory is crazy and scary.

[SioDenz]

google- The Street Strategist Hyperwage Theory

Question: naa nabay matawag natu nga actual implementation or experiment ani na theory? I mean na try na ba ni sa actual na scenario? naa nay nigamit ani na theory?

[SioDenz]

Hyperwage is a *****'s economic theory. Even an average person who has no background in economics can easily detect the idiocy of such theory.

If a businessman radically increases the wage of his maid, considering it is due to the labor policy of the government that becomes a strict national wage law, do you think that businessman will not balance his sheets by increasing the price of goods or services he sells or renders?

It will be the same story--the maid will now have an increased financial resources to spend on pricier goods or services. Different amount but the same reality.

Some may say that the government can enact a price cap law that will prohibit the businessman to raise the prices of his goods or services, but still that will not work. Remember the basic objective of entrepreneurship is to gain, not to lose, and nobody puts up a business just to break even.

If the businessman loses, he will close down his store or factory. What will happen then to his workers? They will be jobless and nobody will hire them because the minimum wage is just to high. Joblessness then will definitely increase.

The businessman's workers won't be the only losers. The rice farmers or coconut producers, granting the businessman sells rice or processes coconut oil, will also suffer. The prices of their rice and coconut will go down. The farm owners will be bankrupt and leave agriculture altogether to become wage earners, hoping they will be hired for salaried jobs.

This will be the end of agriculture, a major industry in our country, and rural economy. Sudden migration from rural to urban will happen. You know what will come next: panic buying, hoarding, overpricing, consumer exploitation, business deception, less supply, more demand, more jobless, less jobs, hunger, protest, anarchy. Aren't you scared yet? I am.

It's good for the maid because the businessman cannot fire her since his family needs her badly, but the rest will be harshly affected. That will not last though. It is innate to human beings to adapt for survival. When the businessman learns to push the buttons on the rice cooker and the washing machine, having a maid will become a luxury.

Now change the reality of the household dynamics with that of the corporate one. The maid is now an accountant. Think of firing and downsizing and yes, overworking.

A manager, human resources specialist, and a receptionist will get pink slips, and the accountant will do their jobs in addition to doing accounting. Do you think the accountant will not protest and quit? That will be another way of creating joblessness by enslaving the salaried workers.

Now go back to the maid. Do you think she won't complain if she has to water the plants, wash the cars, and take care of the obnoxious kids running around in addition to his usual job of cooking, cleaning, washing the laundry, etc.? She has no choice since the businessman just fires the gardener, the driver, and the nanny, so he can afford to pay her.

The maid will eventually quit or file a case against the businessman for slavery or exploitation. The government will now pass a law against illegal servitude. At last, no more jobs for the countless maids. The businessman will downsize his lifestyle-- no garden, just one car, smaller house, and a lot of electric appliances. He no longer needs the maid

Do you know what will happen next? The maid will turn tricks. Maybe one hundred bucks for a blow job. Even prostitutes will suffer, and unfortunately they can't complain. Their line of work is not protected by the national wage law or the law on illegal servitude.

Now the question: Currently ours is a country of maids, do we want to turn it into a country of prostitutes? Indeed, hyperwage theory is crazy and scary.

hehe... ***** jud... masuko jud ni si AL1974 ani kay grabe raba kaayu ni siya mka depensa sa hyperwage theory

[Tarmac]

Question: naa nabay matawag natu nga actual implementation or experiment ani na theory? I mean na try na ba ni sa actual na scenario? naa nay nigamit ani na theory?

In a word: NO.

[crinkle]

imho, even if you pay every Juan 10 times the salary they're getting now, unless we start buying and really patronizing our own products, nothing significant will come out of this.

[SioDenz]

if HWT will be implemented, can it solved the unemployment problem in our country?