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re: CNBC: The upside of inflation - rising wages
Posted on 7/8/21 at 2:04 pm to mule74
Posted on 7/8/21 at 2:04 pm to mule74
quote:Maybe employers need to reevaluate their wages paid. Incentivize returning to the workplace. People are staying home because it's to their advantage.
Wages are rising because of the private market is having to compete with public entitlements. Welfare is competing with private business for workers.
0
Posted on 7/8/21 at 2:06 pm to RollTide1987
The downside of rising wages from a shite load of government funny money is inflation......I'm stunned and disheartened at the mass stupidity in the country.
Fry cook at at any fast food joint, "I can't believe I'm making $18/hr since the pandemic! "
The register lady responds, "I can't believe my gas costs per month are up 30%, my rent is up 20%, and our flagship combo meal is now 30% higher since the pandemic."
Fry cook at at any fast food joint, "I can't believe I'm making $18/hr since the pandemic! "
The register lady responds, "I can't believe my gas costs per month are up 30%, my rent is up 20%, and our flagship combo meal is now 30% higher since the pandemic."
Posted on 7/8/21 at 2:08 pm to RollTide1987
Anybody with a mortgage that had them stretched and is a booming area is gonna do well.
So there’s that.
So there’s that.
Posted on 7/8/21 at 2:09 pm to RollTide1987
Amazes me how much of the "news" outlets are in the tank for the Democratic party.. Trump had record low unemployment for many different demographics and very good GDP growth.. but they still had to look hard for things to complain about because it was Trump.. 
Posted on 7/8/21 at 2:12 pm to Lynxrufus2012
Whose wages have gone up?
Some McDonalds went from $12 to $13 an hour to get asses in the building and they believe that everyone is getting that? Some of us were never let go, we never stopped working, never stopped paying taxes and worked more and longer than before and our wages haven’t gone up at all.
For those leeches who have had the opportunity to go back to work for months but rather live off the government teet, I hope they do get those jobs, I really do, for that higher pay. But in a few months I hope their pay and hours are dropped significantly. Why? Because frickem.
Some McDonalds went from $12 to $13 an hour to get asses in the building and they believe that everyone is getting that? Some of us were never let go, we never stopped working, never stopped paying taxes and worked more and longer than before and our wages haven’t gone up at all.
For those leeches who have had the opportunity to go back to work for months but rather live off the government teet, I hope they do get those jobs, I really do, for that higher pay. But in a few months I hope their pay and hours are dropped significantly. Why? Because frickem.
Posted on 7/8/21 at 2:13 pm to mule74
quote:
Wages are rising because of the private market is having to compete with public entitlements. Welfare is competing with private business for workers.
I hate Biden with a passion, but the most punchable thing he's said since all of this has started was for employers to simply 'pay more' if they wanted employees to come back.
Posted on 7/8/21 at 2:16 pm to Aubie Spr96
quote:Are you saying that the approach wouldn't work? I think it would work fine. People aren't working taxing jobs for minimal pay anymore. Pay them if you want them. Simple.
I hate Biden with a passion, but the most punchable thing he's said since all of this has started was for employers to simply 'pay more' if they wanted employees to come back.
Posted on 7/8/21 at 2:20 pm to GUAPLORD
Problem with most places that use cheap labor like restaurants is that they can only increase the price of their product so much to pay for this insanity before people quit buying said product. Most of us consumers with white collar jobs will not see a pay raise and only see our purchasing power decline.
Posted on 7/8/21 at 2:25 pm to bayoudude
quote:You could be right.
Problem with most places that use cheap labor like restaurants is that they can only increase the price of their product so much to pay for this insanity before people quit buying said product. Most of us consumers with white collar jobs will not see a pay raise and only see our purchasing power decline.
Is that not the essence of capitalism, though? Free markets? If a business cannot compete in its market, it must adjust or die.
Businesses and models have lifecycles. It's time for the market to re-adapt.
Posted on 7/8/21 at 2:28 pm to GUAPLORD
We all better learn to garden and to ride a horse everybody gonna party like it’s 1899.
Already hearing of restaurants taking steak off the menu as it’s too expensive.
Already hearing of restaurants taking steak off the menu as it’s too expensive.
Posted on 7/8/21 at 2:30 pm to bayoudude
quote:So they are adapting. That's what I'm talking about.
Already hearing of restaurants taking steak off the menu as it’s too expensive.
Steak is still available. It just won't be available everywhere, namely those places who cannot work it into their model due to lack of demand or elevated price.
Some places, who can do it effectively, will still offer it.
I don't see a problem here.
Posted on 7/8/21 at 2:38 pm to RollTide1987
Posted on 7/8/21 at 3:36 pm to GUAPLORD
quote:
Pay them if you want them. Simple.
Not sure if serious... maybe my sarcasm meter is broke...
If not.. This thinking is the most absurd and dangerous of thinking because it is catastrophically wrong but believes it is right.
Posted on 7/8/21 at 3:37 pm to RollTide1987
quote:
Jessica Dickler
Posted on 7/8/21 at 3:47 pm to GUAPLORD
quote:
So they are adapting. That's what I'm talking about.
Adapting to what??... shifting in markets, technology and consumer demands?? NO!
Businesses are having to adapt to a crisis created by our government manipulating labor markets. So now, business owners (citizens of the USA) are not only struggling to overcome the challenges of recovering in a pandemic, businesses also have to contend with their government creating obstacles to their recovery.
Nothing simple about any of that..
Posted on 7/8/21 at 3:49 pm to mule74
quote:
private market is having to compete with public entitlements
The problem here is that's an assymetrical economic reality. Whereas the public sector can make the sky the limit in the value of entitlements, the private sector has a ceiling that will be reached in raising wages. The private sector will have to pass the costs to the consumer, and there's an endpoint where the consumer cries out, "Enough already!"
Posted on 7/8/21 at 3:55 pm to GUAPLORD
quote:
Is that not the essence of capitalism, though? Free markets? If a business cannot compete in its market, it must adjust or die.
Competing against government entitlements is the free market? lulz.
Posted on 7/8/21 at 4:00 pm to jbird7
quote:
"We are all born ignorant, but one must work hard to remain stupid." — Benjamin Franklin
Posted on 7/8/21 at 4:09 pm to Lynxrufus2012
quote:
Give these moron a Ph.D in uneconomics. Wages rise 3% and prices rise 5% YOU LOSE BUYING POWER.
They know. They’re just counting on the lemmings to think they’re doing so much better under democrat policies
Posted on 7/8/21 at 4:30 pm to klrstix
quote:It's extraordinarily simple. If you want to get a person up and off of the couch and back into the workplace, you're going to have to make it more lucrative for them than the current situation. What we're seeing is that many, many private businesses were paying their employees so little that a few stimmies and unemployment benefits were more attractive than coming to work.
Not sure if serious... maybe my sarcasm meter is broke...
If not.. This thinking is the most absurd and dangerous of thinking because it is catastrophically wrong but believes it is right.
It's not complicated. If you and I are fishing off of the same boat and you're catching all of the fish, you're obviously doing something to attract the fish that I cannot. Maybe my lure is shite or your live bait is driving them crazy, whatever.
The bottom line is if you want the workers you have to attract the workers.
That is capitalism at its core - getting paid appropriate value for the efforts of your labor. That goes for the firm as well as the worker.
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