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Dollar value over time is not the same as adjusting for inflation.
Quote:
Originally Posted by PCALMike
You are aware that inflation doesnt take into account rent increases right?
And why stop at 1960 levels of income? Why not 1800? Why is no real income improvement in 57 years acceptable, why not no real income improvement in 217 years?
The more you talk about inflation, the more you show how little you know about this subject.
The value of labor does not always go up as inflation goes up.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,610,214 times
Reputation: 9169
Quote:
Originally Posted by lifeexplorer
The more you talk about inflation, the more you show how little you know about this subject.
The value of labor does not always go up as inflation goes up.
So you are saying that workers lose value, yeah, I'm sure that will go over well.
Good luck retaining a work force if doing so will see the workers living standard decline to stay at the same job. That's why I quit a job I had for 3 years, I'm sure I wouldn't have been alone
So you are saying that workers lose value, yeah, I'm sure that will go over well.
Good luck retaining a work force if doing so will see the workers living standard decline to stay at the same job. That's why I quit a job I had for 3 years, I'm sure I wouldn't have been alone
What do you mean "go over well"?
A fact is a fact. You may not like the fact, but it is still a fact.
Values of millions upon millions of work diminish. They were either replaced by machines or people just aren't willing to pay for them anymore.
At the end of the day, employers pay for value. If the worker can't generate enough value, he won't be compensated.
The more you talk about inflation, the more you show how little you know about this subject.
The value of labor does not always go up as inflation goes up.
Are you claiming that rent increases are included in inflation? Thats simply not true. Its not. Inflation include price increases for goods and services but not rent.
Employers pay whatever they can get away with. If the puppets you vote for decide to import more workers and pay them slave like wages according to the laws they make, thats what the wage will be. If workers dont have a union to increase their leverage, then they have a weak bargaining position. To claim that workers are always paid a "right" amount because that is what the employers can get away with is just oligarchy propaganda. The oligarchy dont care about you, they laugh at working stiffs carrying their water and voting for their puppets. Why do you care so much about them? Are you afraid they will call you "jealous"?
Are you claiming that rent increases are included in inflation? Thats simply not true. Its not. Inflation include price increases for goods and services but not rent.
Some inflation is included in the rent increase.
The increase in rent is from a combination of:
1. Inflation
2. Demand
3. Valuation of the asset
4. Property tax
5. Repair
6. Other factors that I don't know.
Quote:
Originally Posted by PCALMike
Employers pay whatever they can get away with. If the puppets you vote for decide to import more workers and pay them slave like wages according to the laws they make, thats what the wage will be. If workers dont have a union to increase their leverage, then they have a weak bargaining position. To claim that workers are always paid a "right" amount because that is what the employers can get away with is just oligarchy propaganda. The oligarchy dont care about you, they laugh at working stiffs carrying their water and voting for their puppets. Why do you care so much about them? Are you afraid they will call you "jealous"?
Everybody including you pays whatever we can get away with. It's called "Fair Market Price."
To suggest that employers doing that is somehow immoral or sinister is dishonest and ignorant.
Workers don't have leverage because there are a surplus of workers who will undercut each other. Having a union does increase the leverage, but it's doing so by monopoly, not free competition.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,610,214 times
Reputation: 9169
Quote:
Originally Posted by lifeexplorer
Some inflation is included in the rent increase.
The increase in rent is from a combination of:
1. Inflation
2. Demand
3. Valuation of the asset
4. Property tax
5. Repair
6. Other factors that I don't know.
Everybody including you pays whatever we can get away with. It's called "Fair Market Price."
To suggest that employers doing that is somehow immoral or sinister is dishonest and ignorant.
Workers don't have leverage because there are a surplus of workers who will undercut each other. Having a union does increase the leverage, but it's doing so by monopoly, not free competition.
So in your view, anyone who doesn't own their own business is cannon fodder, did I get that right?
P.S. If you ran for office, you wouldn't make it past the primaries, even the current Republicans look like angels compared to this world view
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