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We tried to tell them inflation would rise even faster, putting people further behind in the end.
Welp here we are. Real wages falling. Inflation raging past wages the likes of which some people have never experienced in their lifetimes.
Young people never understand economics, until it comes around and bites them in the ass. And if they are Democrats, they never learn even after theirs asses have been completely chewed off.
Remember this all next time someone comes up with the brilliant idea to raise the minimum wage to $50/hr to fix everything.
I remember because it was not that long ago. The Left was telling us that someone working at McDonalds needed to make a "living wage". They settled on $15 per hour as the new mini and that is why a meal at Mcdonalds is $10+ . My wife and I were out and about around lunch time a few weeks back and we had a hankering for some fries. I don't like McDonalds but it was right there so we pulled in, placed our order and $23 later we were both asking why did we just do that for this gross food?
During all the crazy times when the Dems were demanding the $15 per hour we asked a very Liberal Trump hating friend if he would pay his employees in his small shop that much and he said, no way I would go out of business, well last year he was paying more than that due to the market rate of decent help.
Pretty much all the raises that people got have been eaten up by inflation and then some.
I really believe that half of our elected in DC would fail at running a lemonade stand.
Yeah, no. Wages are not the driver of inflation. They respond to it, and often slowly. The pandemic, WFH, and a general ****-it attitude sped things along.
Owners like slaves to blame each other for their problems. You're doing their dirty work.
Yeah, no. Wages are not the driver of inflation. They respond to it, and often slowly. The pandemic, WFH, and a general ****-it attitude sped things along.
Owners like slaves to blame each other for their problems. You're doing their dirty work.
Like when they bring in illegal workers by the million, undercut wages and then call the people that complain racist deplorables.
I remember because it was not that long ago. The Left was telling us that someone working at McDonalds needed to make a "living wage". They settled on $15 per hour as the new mini and that is why a meal at Mcdonalds is $10+ . My wife and I were out and about around lunch time a few weeks back and we had a hankering for some fries. I don't like McDonalds but it was right there so we pulled in, placed our order and $23 later we were both asking why did we just do that for this gross food?
During all the crazy times when the Dems were demanding the $15 per hour we asked a very Liberal Trump hating friend if he would pay his employees in his small shop that much and he said, no way I would go out of business, well last year he was paying more than that due to the market rate of decent help.
Pretty much all the raises that people got have been eaten up by inflation and then some.
I really believe that half of our elected in DC would fail at running a lemonade stand.
Spot on. Paying entry level jobs meant to be part time work or an initial start at employment high dollars has more of a negative effect in the end.
We try to educate liberals on this, but they never understand basic economics.
Spot on. Paying entry level jobs meant to be part time work or an initial start at employment high dollars has more of a negative effect in the end.
We try to educate liberals on this, but they never understand basic economics.
Economics is complicated, and you're simplifying it. Inflation would've happened regardless. Taken to its logical opposite, would wage cuts across the board (starting with yours, of course) reverse this inflation? Not exactly. It would have an effect, but not nearly as large as the other way around. Because there is inherent top-down predation set up all over the system.
So when you say "raising wages causes inflation" (implying it is the sole driver), you are saying to a battered housewife "you get hit because you make him angry". Which I suppose is technically true, but absolutely misguided and decontextualized.
We tried to tell them inflation would rise even faster, putting people further behind in the end.
Welp here we are. Real wages falling. Inflation raging past wages the likes of which some people have never experienced in their lifetimes.
Young people never understand economics, until it comes around and bites them in the ass. And if they are Democrats, they never learn even after theirs asses have been completely chewed off.
Remember this all next time someone comes up with the brilliant idea to raise the minimum wage to $50/hr to fix everything.
Bingo…It’s obvious few ever took an economics class, and certainly obvious these same folks didn’t pay attention in history class. Hopefully those that voted for this clown show are suffering the most.
Wages have always been rising. OP, do you think falling wages will be better for America?
Predictable and slowly rising wages are the best.
Rapid, artificially juiced up wage increases lead to disaster.
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