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jmowreader

(50,557 posts)
Mon Oct 6, 2014, 01:57 PM Oct 2014

This is going to backfire: $9.35/hour to mint gold coins?

We're running this ad today:

http://cdapress.thejobnetwork.com/job/11705950

There is a company in the town I live in that manufactures bullion coins from silver and gold mined in Idaho. They run four 12-hour crews. You work 12 hours and get off 36. Problem is, they only pay $9.35/hour to the day-shift workers and only $9.85 to the night-shift workers. Even for this town that's low, and most jobs don't come with built-in temptations like these do.

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This is going to backfire: $9.35/hour to mint gold coins? (Original Post) jmowreader Oct 2014 OP
metal detectors. unblock Oct 2014 #1
I was thinking of something that would hurt them even worse jmowreader Oct 2014 #2
you'd think that would happen more often in a capitalist economy, right? unblock Oct 2014 #4
The dude with the metal plate in his head is gonna be on easy street... Brother Buzz Oct 2014 #3

jmowreader

(50,557 posts)
2. I was thinking of something that would hurt them even worse
Mon Oct 6, 2014, 02:31 PM
Oct 2014

A handful of people get jobs here and learn to make coins. They then find some financial backing and open another mint down the street that pays real wages.

unblock

(52,229 posts)
4. you'd think that would happen more often in a capitalist economy, right?
Mon Oct 6, 2014, 02:38 PM
Oct 2014

but our brand of so-called capitalism involves tolerating a whole lot of anti-competitive actions.

barriers to entry, for instance, make it hard to get a competitor off the ground. then if competition ever seems likely to come, the established company can lower prices, bind its customers into long-term contracts, force its suppliers into exclusive agreements, etc.

never mind buy off governments, regulators, etc.


unfortunately, the solution the capitalism theorists would have you believe cures anything that's ever wrong with an economy takes years to happen, if it ever does -- and by then the problem that needs solving has changed.

Brother Buzz

(36,434 posts)
3. The dude with the metal plate in his head is gonna be on easy street...
Mon Oct 6, 2014, 02:36 PM
Oct 2014

just as soon as he figures it out.

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