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re: CNBC: The upside of inflation - rising wages
Posted on 7/8/21 at 4:31 pm to GUAPLORD
Posted on 7/8/21 at 4:31 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.
Businesses and models have lifecycles. It's time for the market to re-adapt.
What about this inflation cycle has anything to do with the fee market?
1
Posted on 7/8/21 at 4:34 pm to GUAPLORD
quote:
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.
So you admit that the government took money from businesses that employ people, forced those businesses to either shutdown or reduce staffing, then gave the money they took to those former employees and now it’s the onus of the business owner to compete with the stimulus and unemployment that they actually paid for just to get employees to come to work?
This post was edited on 7/8/21 at 4:36 pm
Posted on 7/8/21 at 4:35 pm to Mo Jeaux
quote:If minimal entitlements were all it took to break a business's model, then maybe they were deficient in their model.
Competing against government entitlements is the free market? lulz.
Maybe they were paying shite wages for years and were happy with that operation, but it was all a house of cards...smoke and mirrors...whatever.
Posted on 7/8/21 at 4:37 pm to Lance Criminal 23
quote:Explain.
So you admit that the government took money from businesses
I am a small business owner. No money was taken from my business by the government. In fact, I remember the government keeping businesses flush with money to stay operable through PPP, so I'm not sure what reality you're operating in.
Posted on 7/8/21 at 4:38 pm to GUAPLORD
quote:They weren’t “minimal entitlements.”
If minimal entitlements were all it took to break a business's model, then maybe they were deficient in their model.
quote:The entire of concept of “shite wages” only exists in the minds of people who don’t have a middle school level of education.
Maybe they were paying shite wages for years and were happy with that operation, but it was all a house of cards...smoke and mirrors...whatever.
Posted on 7/8/21 at 4:39 pm to GUAPLORD
quote:
No money was taken from my business by the government.
quote:
I am a small business owner.
no you’re not 
Posted on 7/8/21 at 4:40 pm to GUAPLORD
quote:
minimal entitlements
Posted on 7/8/21 at 4:41 pm to Lance Criminal 23
quote:Insofar that as a consumer can freely choose which businesses they wish to transact with, so too can the workforce. If the workforce is not incentivized to return to a job where they make shite wages, you cannot be surprised if they choose to stay home and get paid.
What about this inflation cycle has anything to do with the fee market?
We're all free to choose. I've heard that drum get beaten here ad nauseam - "no one forces you to work fast food; if you don't like it find another source of income."
Well, it appears that exactly that has happened. They found a new source of income, and do not seem eager to return to a business where they feel their labor is not valued properly.
Posted on 7/8/21 at 4:43 pm to Lance Criminal 23
quote:Why would I lie about owning a small business? If I said I was a multimillionaire, would that have been more believable?
no you’re not
Still, no money was taken by the government. Money was given to keep multitudes of businesses open.
Posted on 7/8/21 at 4:43 pm to GUAPLORD
quote:
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.
LOL. No.
You take away their welfare and then they'll realize working is better than being homeless.
Posted on 7/8/21 at 4:44 pm to GUAPLORD
quote:Does your small business pay no taxes?
Still, no money was taken by the government.
Posted on 7/8/21 at 4:46 pm to GUAPLORD
quote:
If the workforce is not incentivized to return to a job where they make shite wages, you cannot be surprised if they choose to stay home and get paid.
Why aren't they currently incentivized to return to their jobs (irrespective of whether or not the wages are "shite")?
Posted on 7/8/21 at 4:47 pm to Lance Criminal 23
quote:Yeah, you're right. I forgot all about those families on welfare who are now able to buy brand new homes and cars and invest heavily in education and retirement.
They weren’t “minimal entitlements.”
quote:Well, I did say "maybe." I can't possibly know the reason every person who can work chooses not to, but I do know that if a few thousand dollars was enough to cripple the workforce, then maybe they weren't being adequately valued.
The entire of concept of “shite wages” only exists in the minds of people who don’t have a middle school level of education.
Posted on 7/8/21 at 4:47 pm to GUAPLORD
quote:
Insofar that as a consumer can freely choose which businesses they wish to transact with
So many businesses weren’t forced to shutdown during Covid because they were deemed nonessential?
quote:The logical way to incentivize them would be to takeaway the benefits that are incentivizing them not work. Not force massive inflation on the entire population.
If the workforce is not incentivized to return to a job where they make shite wages, you cannot be surprised if they choose to stay home and get paid.
quote:Oh! You’ve figured it out! Take away their source of “income” and see what happens.
Well, it appears that exactly that has happened. They found a new source of income
Posted on 7/8/21 at 4:49 pm to Lance Criminal 23
quote:oooh, you're a "taxation is theft" guy.
Does your small business pay no taxes?
Of course I pay taxes, but that's a shared burden and is expected as a normal course of business. I didn't think that had to be qualified or quantified.
Yes I pay taxes, as I always have. No money was taken from me as a result of the pandemic outside of the normal course of business.
Posted on 7/8/21 at 4:52 pm to GUAPLORD
quote:There will never ever be a point in human history where everyone can invest in these things. That reality will never exist. Anyone who thinks otherwise is a fricking retard.
Yeah, you're right. I forgot all about those families on welfare who are now able to buy brand new homes and cars and invest heavily in education and retirement.
quote:You don’t have to know why EVERY person chooses that, just the majority. And you know exactly why that is.
I can't possibly know the reason every person who can work chooses not to,
quote:In fact, they were already overvalued. If you’re on minimum wage, no matter what that wage may be, you are by definition worth less than that amount to your employer.
then maybe they weren't being adequately valued.
Posted on 7/8/21 at 4:53 pm to Mo Jeaux
quote:As I've explained, it's more attractive to sit on the couch and watch Spongebob and eat ramen all day.
Why aren't they currently incentivized to return to their jobs (irrespective of whether or not the wages are "shite")?
I didn't think this was a question that needed to be answered.
As for why each business hurting for labor is unable to attract the workers they desire, I could begin to speculate. However, if want the labor (whether they're on the couch or at a competitive firm) you're going to have to attract them. For most, that means more money.
I say again, if a few stimmies were all it took to alienate your labor, maybe your labor wasn't properly valued.
Posted on 7/8/21 at 4:56 pm to GUAPLORD
quote:Of course it’s theft ??. The only thing that matters is how much we deem is too much or too little theft. Obviously a society devoid of taxes is impossible but by very definition it is theft. You either give the government your money or you are punished in some way.
oooh, you're a "taxation is theft" guy.
quote:Why is this relevant? Money was taken by the government for you and given to people who did nothing to earn it and now people like you are having a hard time finding employees. This isn’t complicated.
No money was taken from me as a result of the pandemic outside of the normal course of business.
Posted on 7/8/21 at 4:57 pm to Lance Criminal 23
quote:I'm sure some did. Many others were forced to shutdown because they cannot meet staffing needs, which is mostly what I've been talking about.
So many businesses weren’t forced to shutdown during Covid because they were deemed nonessential?
quote:Or pay them what they're worth? Why haven't wages increased commensurate with inflation these last many years? I don't know the answer, but I do know that it was obviously untenable because here we are.
The logical way to incentivize them would be to takeaway the benefits that are incentivizing them not work. Not force massive inflation on the entire population.
quote:Easier said than done, I'm afraid. Unless you've "figured it out" yourself, I doubt you'll see this come to fruition.
Oh! You’ve figured it out! Take away their source of “income” and see what happens.
Posted on 7/8/21 at 4:57 pm to GUAPLORD
quote:
It's extraordinarily simple.
Once again, you demonstrate your catastrophic misapplication of capitalism..
In your example you used two anglers.. implying two competing businesses. But the reality of the current circumstances is that I and many other businesses are competing against the government.. the government can print money on a whim to pay for their subsidies.. If I print money, I go to jail. Thats not capitalism under any circumstance in any universe.
quote:
That is capitalism at its core - getting paid appropriate value for the efforts of your labor.
Once again, completely wrong application.. people are being paid (more) to not work.. as in producing nothing... That not competition.. that is the government dictating the market... that is socialism.. not capitalism
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