Wrong. Lowest earners have seen an over 10% rise in REAL wages (inflation adjusted) - by far the largest of the groups and one of the largest gains in income of all time.
This has made everything downstream of services more expensive.
Go survey some real world bottom 10% people and ask them if they are better off than they were 3-4 years ago.
I get your point, but I do believe we are in a period of "vibenomics". You can have low unemployment and higher real wages, and it's still easy for normies to complain about the price of McDonald's compared to 10 years ago.
This is because you didn't think about what it means.
If you pay 15 year old's $15 an hour to do a job that requires no skill of any kind you have to pay everyone else more as well.
The 18 year old washing lettuce that's been working that same job for 3 years is now making $17.50 or more. All of these increased salaries are passed right on to the customer.
Entry level positions in the service industry were never ever ever intended to pay "living wages".
See: this is the rage I’m talking about.
I think you're confused.
You getting angry when you read something you disagree with doesn't mean the person who wrote it was angry.
Which part was angry?
When you pay the bottom more you have to pay everyone else in the chain more as well.
This is why there are now automated kiosks in most McDonald's now and a $3.00 Happy Meal now costs $7.50.
Wrong. Lowest earners have seen an over 10% rise in REAL wages (inflation adjusted) - by far the largest of the groups and one of the largest gains in income of all time.
This has made everything downstream of services more expensive.
Those wages went up because the government printed trillions of dollars and paid people 2 years salary to stay home for 1 year and the labor market for entry level positions evaporated.
Those same imaginary trillions of dollars and the trillions printed out of thin air since caused the inflation which makes $15 an hour feel like the $7 it felt like before Covid.
So you're acknowledging and agreeing that the lowest-wage earners have (on average) seen a 10%+ increase in real wages.
With that fact resolved, your arguments on other points can carry more weight. Good for you.
You getting angry when you read something you disagree with doesn't mean the person who wrote it was angry.
Which part was angry?
When you pay the bottom more you have to pay everyone else in the chain more as well.
This is why there are now automated kiosks in most McDonald's now and a $3.00 Happy Meal now costs $7.50.
Lefties and centrists said they would be willing pay more for basic services to ensure everyone had good wages and now that they do… they are raging about capitalism and Biden and whatever.
Me personally I think the economy sucks because houses built for 150,000-200,000 dollars are going for a million right now, and I have to pay 1200 a month for a single bedroom and shared kitchen and that ONLY benefits the very high income landlords/real estate workers but yeah you might be onto something.
Investment companies and foreigners have bought up large numbers of single family homes. This caused a lower inventory of available homes. That is at least as big of a home price driver as building material costs.
Those wages went up because the government printed trillions of dollars and paid people 2 years salary to stay home for 1 year and the labor market for entry level positions evaporated.
Those same imaginary trillions of dollars and the trillions printed out of thin air since caused the inflation which makes $15 an hour feel like the $7 it felt like before Covid.
So you're acknowledging and agreeing that the lowest-wage earners have (on average) seen a 10%+ increase in real wages.
With that fact resolved, your arguments on other points can carry more weight. Good for you.
You getting angry when you read something you disagree with doesn't mean the person who wrote it was angry.
Which part was angry?
When you pay the bottom more you have to pay everyone else in the chain more as well.
This is why there are now automated kiosks in most McDonald's now and a $3.00 Happy Meal now costs $7.50.
Lefties and centrists said they would be willing pay more for basic services to ensure everyone had good wages and now that they do… they are raging about capitalism and Biden and whatever.
If there's one universal truth it's that leftists never practice what they preach.
Centrists may well have thought they were willing to pay more for basic services until inflation kicked in and they got a real time look at how adding cost at the bottom cascades right up to the top and how all of that increased cost gets passed right on to the consumer.
We've got a long way to go before wages feel like they have more buying power than they did pre-Bidenomics.
wages are already higher than pre-pandemic. There was a massive wage spike in 2020 because millions of low-wage workers where laid off during the pandemic.
If you focus on pre-2020 and now, you see that real wages are higher.
wages are already higher than pre-pandemic. There was a massive wage spike in 2020 because millions of low-wage workers where laid off during the pandemic.
If you focus on pre-2020 and now, you see that real wages are higher.
Do you have a job? Do you pay for your own groceries and other meals at restaurants? Do you pay for your own housing, transportation and insurance?
I'm not trying to be confrontational, because you seem intelligent. I'm wondering if you're a student?
Reality for most people doesn't match your referenced studies, and as I said before studies can be manipulated to get the outcome desired.
If you do have a job, and you still think the average American's real purchasing power is higher than it was in 2019, then you must have received quite a raise.
Those are union jobs! In most states, the guy stocking shelves is likely making $20+ and hour while also getting a 15% employee discount on his groceries.
You’ve been brainwashed by CNN. You’re framing this as middle class versus working class issue. They’re both working 40-70 hour weeks. What about a reasonable cap on multiples of what CEOs make to their lowest paid employee..?
I actually think it’s good that low wage people are earning much more. I think it’s embarrassing that the upper middle class had placed so much value on being able to exploit the service workers.
CEO pay is not a meaningful metric and redistributing their pay would not affect the lower workers that much.
Great, does that mean you're not arguing for endless unskilled immigration and encouraging all the manufacturing to move to China anymore?
Locally, our minimum wage is scheduled to rise to $25 over the next five or six years. It’s hard for me to believe something like an ice cream shop is even going to exist at that point locally.
Somehow, even with all that extra money, they have actually gotten lazier and customer service has declined. Maybe they worked harder when they got paid less. I hope inflation evens it all back out soon. Also, the job market needs to get a little weaker so the bottom of the barrel employees don't feel safe in their positions anymore.
Me personally I think the economy sucks because houses built for 150,000-200,000 dollars are going for a million right now, and I have to pay 1200 a month for a single bedroom and shared kitchen and that ONLY benefits the very high income landlords/real estate workers but yeah you might be onto something.
Me personally I think the economy sucks because houses built for 150,000-200,000 dollars are going for a million right now, and I have to pay 1200 a month for a single bedroom and shared kitchen and that ONLY benefits the very high income landlords/real estate workers but yeah you might be onto something.
Hahahahhahahha!! 🖕
you suck. You’ll never own in CA. Go running, maybe you’ll make enough for that million dollar home. Chimp.
