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So inflation
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Replies: 18  

So inflation


May 24, 2022, 6:47 AM
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Yes, a million factors have caused inflation but I'm suspecting min wage is one of them

The drum beat for 30 has begun
Another conspiracy theory coming true

https://www.foxnews.com/politics/washington-state-democratic-socialist-candidate-30-minimum-wage

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Re: So inflation


May 24, 2022, 7:08 AM
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I wonder what great idea that “working man”, “lunchpale” Joe will come up with today for the middle class?

Tax hikes? Taxes on 401ks? Ratchet up the war on fossil fuels? Invite millions more illegals that need welfare?

America last.

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Why not $100? You can’t even afford a two bedroom


May 24, 2022, 7:21 AM
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Manhattan apartment by yourself on $100 an hour. Why not $1000?

These people are insane.

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We've spent decades keeping wages low while at

[2]
May 24, 2022, 7:22 AM
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The same time we've spent decades over pricing assets. We've used tens of millions of illegal immigrants to keep labor low. We use millions of foreign workers to make our stuff cheaper. All this so deflation keeps rates low and debt cheap.

Then along some a factor forcing countries to stand on their own two feet. We can't anymore in the US.

I don't blame Biden for this any more or less than Trump. Or Obama or GWB or Clinton or GHWB or Reagan. It goes back that far and it's bipartisan really.

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Tough times create strong men.
Strong men create easy times.
Easy times create weak men.
Weak men create tough times.


I do think there should be a 2% COL increase


May 24, 2022, 8:19 AM
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For min wage every yr to prevent these crazy increases in the future

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I agree. Unfortunately to make it truely a


May 24, 2022, 8:27 AM
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COL minimum wage, we will have to increase the MW to around $24 (average, based on some studies). Then implement the tie to the COL. 2% isn't much though when inflation is 7-8%

Because cost of living is nowhere near 7.25 anymore.


Message was edited by: FBCoachSC®


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The reason it has not been increased is because we can


May 24, 2022, 8:43 AM
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attract labor from poor nations where that's still a windfall wage, and then let them work for that wage here (or closer to it). Most republicans, or any Americans really, don't realize just how dependent we are as a nation on the things we claim to despise the most.

Minimum wage isn't some arbitrary bar set either. The difference between average overall wages and minimum wage has never been as high as now. The minimum is kept low so some people (mostly immigrants or teenagers) can work for that wage (or near ir) and be content. It's also mainly intended for kids who have summer jobs, etc. because they still live with their parents and have no real major expenses. A minimum wage job is not intended (never has been) to provide a "living wage".

But it is kept there for a reason. I personally don't think there's any need for a minimum wage. Very few jobs, even "minimum wage jobs" pay it today. Almost all jobs now start higher than minimum wage. Having it there as a minimum means employers can attract many more people at $10/hr let's say, because they can always cite the fact they're paying more than they have to. Heck, government entitlements are higher than minimum wage. It's about as meaningless (and meaningful) as income tax brackets if you think about it. Tax brackets are meaningless as far as federal revenue is concerned. They are, though, very meaningful to bull#### liberal (mostly) politicians as a tool to make people think taxing the rich on income solves anything.

If you want judge someone's wealth by taxable income, then I'm richer than Jeff Bezos.

2022 orange level memberbadge-donor-15yr.jpgringofhonor-tiggity-110.jpg flag link

Tough times create strong men.
Strong men create easy times.
Easy times create weak men.
Weak men create tough times.


ya, i dont get the libs acting like min wage


May 24, 2022, 8:49 AM
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needs to be meant to take care of 5 kids and a house.

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The minimum wage always has been meant to provide


May 24, 2022, 9:28 AM
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a living wage for the American people.

"In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living."

--FDR


Tiggity is wrong.

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FDR...lol.


May 24, 2022, 10:08 AM
Reply

Minimum wage was $.25/hr originally, in 1938. In today's dollars, that's $4.81/hr. Some pretty lofty rhetoric by FDR though. Good thing we don't have FDR's "living wage".

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Tough times create strong men.
Strong men create easy times.
Easy times create weak men.
Weak men create tough times.


Re: The reason it has not been increased is because we can


May 24, 2022, 8:57 AM
Reply

It's also mainly intended for kids who have summer jobs, etc. because they still live with their parents and have no real major expenses. A minimum wage job is not intended (never has been) to provide a "living wage".

This is absolutely not true.

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Cheap labor. Offshoring.


May 24, 2022, 8:28 AM
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None of those things are bad.

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hey, jimmy.


No, they're great, when they work.


May 24, 2022, 9:11 AM
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Problem is the pandemic has exposed the weakness in that system. We rely on illegal immigrants here in the US to do stuff cheaper than Americans would do the same job. We rely on poor Chinese workers to make our iPhones cheaper too. All great for us. But when illegals stop coming into the US, and when China stops making iPhones for us, well, we're screwed. We hate China, but we gladly accept their labor to make our stuff cheaper. Is that not just a little concerning? We hate illegal immigrants taking American jobs, but if they didn't, would we be fine paying twice as much for construction, produce, processed meats, etc? Probably not.

Covid has attacked the pillars on which our economy has been built in the past 4 decades. And the inflation that was expected was due to supply chain issues. And that's a huge part. But I don't think people realize the other part of the labor problem, that long covid is causing. Everyone has a labor shortage these days, and everyone has inflation to some degree. And it doesn't matter if the country shut down, or stayed wide open. It doesn't matter if the government sent everyone checks, or not. It's universal.

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Tough times create strong men.
Strong men create easy times.
Easy times create weak men.
Weak men create tough times.


We didn't help by creating a perfect storm of negative

[1]
May 24, 2022, 9:20 AM
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labor participation.

Like him or not, Trump policies were doing a decent job decreasing illegal immigration, and we saw the first wage growth in a couple decades, partly from that.

That *should* have led to American citizens starting to fill the gaps due to the incentive of newly-higher wages, except for the fact that both Trump and. Biden bastardized the market by injecting covid stimulus payments and child credits simultaneously, leaving that labor pool satisfied with holding out longer for those jobs.

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The failures have almost exclusively been regulatory in


May 24, 2022, 9:24 AM
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nature. Which is not to say they're still not major problems because, for example, Biden would rather "hero flight" in baby formula from Europe than change FDA labeling regs.

In fact, the baby formula crisis is a great example of why global trade is incredibly important, rather than sticking all of our eggs into the onshoring basket.

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hey, jimmy.


Listen, college boy. You ever think that maybe we should


May 24, 2022, 9:26 AM
Reply

just stop inspectin' these food plants and just let the workin man do his job?

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Who are you, Comrade Question?***


May 24, 2022, 9:30 AM
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2022 white level member flag link

hey, jimmy.


Alls I'm sayin is that in the 1800's we didn't have no FDA


May 24, 2022, 9:31 AM
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and there sure wasn't no baby formula shortage then.

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She'll get more votes


May 24, 2022, 8:54 AM
Reply

...if she ups it to $50/hr.

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Replies: 18  

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