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Likes: If everyone earned higher wage one of two things would happen, either prices would go up to where that higher wage would not be a "living wage" or the number of people working those low end jobs would go down.Originally Posted by copier addict
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If everyone earned higher wage one of two things would happen, either prices would go up to where that higher wage would not be a "living wage" or the number of people working those low end jobs would go down.
Now we get it
YOUR just jealous the kid at Burger King makes more money than you.After all your State still pays one of the lowest wages by law 7.25 per hour.
As always this twit deflects from the question posed to her. Glad to see she has dropped the circle back bullshit but she she still doesn't answer the question posed. Transparency is not in their agenda.
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Liberals, you have blood on your hands. It's time to admit your lies and failures. Come clean. It's time.
Fauci, the WHO, and mainstream media lied about COVID origins for more than a year
Actually, it looks like this virus did come from a lab in China. Nearly a year and a half into the pandemic, that’s the new consensus in the American media. Boy, these things change fast. There are holdouts of course. Just today, over at the Washington Post, a China shill called Michael Gerson wrote a hilariously overwrought column entitled:
"The right is dwelling on slanderous myths about the origins of COVID-19." The radical right! Slanderous myths! Russian QAnon sleeper cells slandering the Chinese government! It’s pretty funny. The good news is, it’s almost over. You’re probably not going to see a lot more columns like that going forward. The nonsense is finally dying down.
At other parts of Michael Gerson’s own newspaper, we’ve learned, they’re working on new stories about how the virus did in fact escape from the lab in Wuhan. So, the debate among serious people over the origins of COVID appears to be pretty much winding up. Pretty much every sane person acknowledges at this point that the government of China likely caused the single worst man-made disaster in human history. As if we need more evidence, over the weekend, the Wall Street Journal reported that the first people infected with COVID-19 were probably researchers at the Wuhan Institute of Virology. In November of 2019, three of them were taken to the hospital with symptoms. The Journal did solid reporting, but it wasn’t entirely new. Back in January of this year, the State Department issued a fact sheet telling the entire country the same thing.
JOE CONCHA: MEDIA WAS QUICK TO CRY ‘CONSPIRACY THEORY’ ON POTENTIAL WUHAN CORONAVIRUS LAB LEAK
They said the first COVID patients were not hungry patrons of the local wet market, reckless diners who gorged themselves on pangolin and bats. No, they weren’t. The first patients were researchers at the Wuhan Institute of Virology. Clearly, they’d been infected at work, while working on the virus. If you were trying to understand where COVID came from, and you should be if you want to prevent future pandemics, that State Department in January told you a lot. Yet it was ignored.
In fact on Monday, Tony Fauci himself — the man in charge of our whole response to COVID-19 — told CBS News that he never even heard about the State Department’s findings on the Wuhan lab. He had no idea.
In other words, Fauci’s own employers, the U.S. government, publicly released compelling evidence that the virus that he has devoted his life to fighting, did not come food, but instead escaped from the very bio lab that Tony Fauci has sent American tax dollars to fund.
Let's look at this from an owner perspective. My costs to produce a good have gone up significantly, what am I going to do to compensate for this? It boils down to basic economics- 1.) I am going to pass that on to the consumers of my product
2.) I am going to hire less overpaid workers to cut costs which in turn has a opposite effect on stimulating the economy because now more people are unemployed and collecting from Uncle Sam.
Also, think long term on paying someone that kind of money and 1) think of the accidents they may occur with them on the job over the next several years 2) think about days missed such as sick days and hang over days. Now, this is a job that can be automated, take look at Detroit for a prime example. I know a handful+ of people that worked there and talk about being overpaid and taking advantage of the system...holy shit, these people were paid WELL and they hardly did much. I know of two people that would clock in, go to the bar and drink most of the day while being paid handsomely. I know others that would be at the golf course while clocked in, now the car makers have moved overseas, the city has been in shambles for years and to boot, mostly everything is now automated!
So to get back to automation, as an owner, I have to look 5,10,15 years down the road. I have to consider my cost of automation over paying humans $24.00+ and hour, calculated workman's comp for accidents, sick days, etc. Or, invest in automation and hire less workers, less money over time, less headaches- sick days, workman's comp claims, attorney's, etc. The choice is obvious.
too bad the idiots in charge don't understand this very simple concept. people think too much of themselves and demand more for doing less. The average american worker has become lazy and they don't have the work ethic needed to do the job properly.
Economic theory 101. Most people want the most with little effort, trouble is....it does not work on many scales. For those who are inclined enough to educate themselves, here is one of my favorite economists Richard Wolff, I have had the pleasure of sitting in on several of his lectures.
https://www.youtube.com/user/RichardDWolff
richard is spot on! thanks for the video
While the arguments for wage-push inflation are appealing, the empirical evidence is not so solid. In fact, looking back at the history of minimum wage increases has only a very weak association with inflationary pressures on prices in an economy.
According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.1
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.
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