Daryl Hunt
Your Worst Nightmare
- Banned
- #1
Here is what Inflation looks like when the Rich takes advantage of the Averate and below income levels Cost of Living.
milk at the dairy
1970 1.32
2018 2.90
Milk has not kept up with inflation. Even before the unfair Canadian trade Practice, Protectionism, etc. and Tariffs on US Milk, there was the introduction of the Milk Alterntives made from Grains and such. Unlike other Farming, Dairy Farmers can't rotate their products. They either operate at a loss, make money or get out of business. Trump has promised that due to the Tariffs that the Dairy Farmers will receive relief but the Diary Farmers don't want it. They claim that it will mostly go to larger Corporate Dairy Farms that are already Profitable even with all the negatives because they control most of the market. The smaller Diary Farmers will only be buying time until they go out of business. What they want is an even playing field. Nothing else will keep them in business. Next year look for Diary Farm Foreclosure Auctions to happen at an alarming rate even with the relief.
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Loaf of Bread
1970 25 cents
2018 2.38
The US is the Worlds #1 Wheat and Grain producer in the World. We have Silos with it sitting rotting away. That's over a 952% increase in cost. Well behind the wage increase.
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Average Wage
1970 9,400
2018 44,321
That's over a 400% increase.
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Cost per Lb of Hamburger
1970 70 cents
2018 4.68
Hamburger, like other cuts of meat, is over 660% higher today than in 1970. It has lost ground to wages. Overall, with the exception to milk, food has lost between 200 and 1000% to average wages. And that is considering Average Wage, not minimum wage. Minimum Wage is much, much worse.
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Cost of a new Home
1970 23,450
2018 325,500
So you want to buy a home? Good luck on the average wage with a family of 4. You really want me to do the percent comparison on this one? There is a reason that the younger people are, for the most part, electing to rent rather than buy. For the most part, the younger people make less than the average wage and after the other costs of living, can't afford the payments, insurance and taxes on a new house or even an older house.
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Some People are getting bloody rich on these deals. And it's not the average or below average consumer. Certainly not the min wage or even the average wage earner.
Over half of the Uber Rich supports the increasing of the Min Wage. They give the reason that it gives the poor (min wage) more portable income. There fore more money to spend on their products and services. But that's not all. It also means that the Rich can and will raise those services and products to take away any and all the gains that min wage gave to the worker while expecing the new min wage worker to do more purchasing of their goods and products. It's a very lucrative, short termed program. But in the end, the workers all lose ground exactly as I showed above. But the Rich just got richer.
I am against Min Wage for this reason. We don't need a Min Wage. We need a Living Wage. At the same time, we need a Consumer Group that has the power to drag these unscrupulous theives into civil courts and get them fined for unfair trade practice.
milk at the dairy
1970 1.32
2018 2.90
Milk has not kept up with inflation. Even before the unfair Canadian trade Practice, Protectionism, etc. and Tariffs on US Milk, there was the introduction of the Milk Alterntives made from Grains and such. Unlike other Farming, Dairy Farmers can't rotate their products. They either operate at a loss, make money or get out of business. Trump has promised that due to the Tariffs that the Dairy Farmers will receive relief but the Diary Farmers don't want it. They claim that it will mostly go to larger Corporate Dairy Farms that are already Profitable even with all the negatives because they control most of the market. The smaller Diary Farmers will only be buying time until they go out of business. What they want is an even playing field. Nothing else will keep them in business. Next year look for Diary Farm Foreclosure Auctions to happen at an alarming rate even with the relief.
------------------------------------------------------------------------------------------------------
Loaf of Bread
1970 25 cents
2018 2.38
The US is the Worlds #1 Wheat and Grain producer in the World. We have Silos with it sitting rotting away. That's over a 952% increase in cost. Well behind the wage increase.
--------------------------------------------------------------------------------------------------------
Average Wage
1970 9,400
2018 44,321
That's over a 400% increase.
-------------------------------------------------------------------------------------------------
Cost per Lb of Hamburger
1970 70 cents
2018 4.68
Hamburger, like other cuts of meat, is over 660% higher today than in 1970. It has lost ground to wages. Overall, with the exception to milk, food has lost between 200 and 1000% to average wages. And that is considering Average Wage, not minimum wage. Minimum Wage is much, much worse.
---------------------------------------------------------------------------------------------------
Cost of a new Home
1970 23,450
2018 325,500
So you want to buy a home? Good luck on the average wage with a family of 4. You really want me to do the percent comparison on this one? There is a reason that the younger people are, for the most part, electing to rent rather than buy. For the most part, the younger people make less than the average wage and after the other costs of living, can't afford the payments, insurance and taxes on a new house or even an older house.
--------------------------------------------------------------------------------------------------
Some People are getting bloody rich on these deals. And it's not the average or below average consumer. Certainly not the min wage or even the average wage earner.
Over half of the Uber Rich supports the increasing of the Min Wage. They give the reason that it gives the poor (min wage) more portable income. There fore more money to spend on their products and services. But that's not all. It also means that the Rich can and will raise those services and products to take away any and all the gains that min wage gave to the worker while expecing the new min wage worker to do more purchasing of their goods and products. It's a very lucrative, short termed program. But in the end, the workers all lose ground exactly as I showed above. But the Rich just got richer.
I am against Min Wage for this reason. We don't need a Min Wage. We need a Living Wage. At the same time, we need a Consumer Group that has the power to drag these unscrupulous theives into civil courts and get them fined for unfair trade practice.