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" Cutting off oil pipeline supply from Canada January 20, 2021 replacing with more expensive overseas oil. Trucking and production of goods depends on oil.
" Increased wages of retail workers demands. Justly fair to maintain reasonable standard of living or excessive, unsure? Teenage spending money wage for nice extras or higher wages to support a family?
* Immigration, legal and illegal, increasing demand and supply cannot keep up. Immigration has pushed prices up for decades, but worse in last year.
" Corporate executives paid on average many more times than workers than decades ago. Stockholders profit at expense of workers and customers. Some sort of morality problem here.
Other causes? Other thoughts? Affecting our bottom line pocketbooks.
Most Experts say the recent increases in U.S. gas prices are due mainly to a lack of oil production, much more than any actions taken by Biden, such as canceling the proposed Keystone XL pipeline.
"The pipeline shutdown has absolutely nothing to do with gas prices," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Prices are higher because production has lagged behind, not because there isn't enough pipeline capacity — there is."
We can add 5.5 million workers leaving the work force and 75% are over 55 and may not be going back to work or going back full time
COVID has caused problems everywhere with worker shortages, restrictions, etc
That which others can’t do or won’t do for themselves will always earn more then that which anyone can do .
No one says someone earning low wages has a right to live in their own apartment..they may have to golden girl it if the market does not value their jobs high enough
that was the idea behind tipping .it would get lower end jobs appealing to the good will of those they do things for so as to get more than the market values the job
Justly fair? Not if mandated by governmental policy. The free market should decide.
Quote:
Originally Posted by mathjak107
Markets should decide wages .
Well, I would agree with this if we really had a free market. The trouble is, those who are already wealthier than the other 99.9% of us can buy legislation to ensure that they keep and even increase their share of the wealth. A good example of this discrepancy is the way capital gains are taxed vs. earned income. Why should someone whose money came from a play in the stock market get a break over someone who mops floors or slaughters chickens for a living? Yes, those who are smart and resourceful deserve to be rewarded, but those rewards can't be infinite to have a functioning society. The money was made on the labor of people who deserve a shot at a decent life, not to be ground down by the uber-rich. Wealth and opportunity inequality have pretty much killed the American dream.
There is no answer as to why , but this is how things are so it is all about not complaining about the dealer but playing the hand your dealt .
I can tell you as a wage earner my whole life it is the investing side that took the bits and pieces I could manage to save and through the most powerful financial force we have , compounding , grew it in to meaningful wealth .
That wealth today generates an income greater then I made while working …so perhaps the incentive to invest is because the wealth effect can be greater spurring greater spending .
" Cutting off oil pipeline supply from Canada January 20, 2021 replacing with more expensive overseas oil. Trucking and production of goods depends on oil.
" Increased wages of retail workers demands. Justly fair to maintain reasonable standard of living or excessive, unsure? Teenage spending money wage for nice extras or higher wages to support a family?
* Immigration, legal and illegal, increasing demand and supply cannot keep up. Immigration has pushed prices up for decades, but worse in last year.
" Corporate executives paid on average many more times than workers than decades ago. Stockholders profit at expense of workers and customers. Some sort of morality problem here.
Other causes? Other thoughts? Affecting our bottom line pocketbooks.
The sum of these would barely cause a small blip. Over the last 2-3 years, we have spent trillions that we did not have, so it was borrowed. M2 money supply is up 40% from two years ago. Supply issues driven by covid have caused higher pricing. We are now approaching what has been considered full employment (4%+/- unemployment). Historically, that has led to wage competition and more higher prices.
Other causes? Other thoughts? Affecting our bottom line pocketbooks.[/quote]
Classic definition is too much money with too few goods.
Too much money in the form of 3 stimulus checks whether you need the money or not. More money in unemployment payments, PPP loans.
Too few goods in the form of supply chain issues beginning with lumber, computer chips, other items. Did not help the economy any to have runs in the grocery store hoarding paper products & other items.
For oil you have loss of production. Since so much product moves by truck prices for everything go up.
Bottom line for me is this Covid pandemic was treated very poorly. Huge errors made by politicians in both parties. Poor leadership by the health care community. Insane mask & vaccine mandates driven by fear. Too many workers laid off & told they are not essential.
" Cutting off oil pipeline supply from Canada January 20, 2021 replacing with more expensive overseas oil. Trucking and production of goods depends on oil.
" Increased wages of retail workers demands. Justly fair to maintain reasonable standard of living or excessive, unsure? Teenage spending money wage for nice extras or higher wages to support a family?
* Immigration, legal and illegal, increasing demand and supply cannot keep up. Immigration has pushed prices up for decades, but worse in last year.
" Corporate executives paid on average many more times than workers than decades ago. Stockholders profit at expense of workers and customers. Some sort of morality problem here.
Other causes? Other thoughts? Affecting our bottom line pocketbooks.
That Keystone Pipeline was not carrying any crude oil at the time it was cancelled -- so the fluctuations in gas prices were not caused by a single pipeline. Also, the millions of hard-working Americans that Sean Hannity says were thrown out of their jobs -- was shown to be less than 10,000 non-permanent jobs. The completed pipeline would have employed about 100 full timers -- half of them Canadians.
BTW -- Current pipeline capacity utilization is around 50% So why is the gas price rising again ??
Retail workers make about $14 per hour. On a 30 hour week (most are not full timers) that's a whopping $400 before any deductions. Try living on 2 grand a month, with zero benefits.
There were about 20 Million immigrants trying entering the county, many are turned away. There are 330 million citizens in the USA. If those immigrants are pushing your prices up....you're probably in bigger trouble than even you imagined.
The highest Inflation categories were Housing, Meat and Produce Prices, and Energy.
Are all your Illegal Immigrants driving up Housing Prices ??
Did the Beef Cattle all go on strike ?? Are they stuck on a slow boat from China ??
Are chickens picketing ?? Who is picking the Vegetables lately ??
Stop importing everything from China. They can't get it off the docks.....it's all cheap crap anyway. Manufacture it in Mexico and with jobs there, maybe you can reduce the Immigration statistics too.
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