Bannon rage against Musk suddenly goes Global

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I’m siding with Elon over Steve Bannon. I knew republicans were lying when they said they were going to bring wages up for uneducated blue collar Americans. Deplorables. Garbage. It’s what they think of them. Hillary and Biden just said it out loud.
Labor shortages do increase wages. Up to a point....
Wages ALWAYS fall behind inflation in keeping pace. Wage inflation has never kept pace with goods price inflation.

Henry Ford paid $5/day for unskilled labor which is equivalent to just under $200K/yr in today's wages.

Unskilled labor today is not even getting $45k/yr. But the goods (housing, food, energy) costs have risen keeping the unskilled labor from ever getting better. In fact made things much worse for them.

Even skilled labor has not kept pace with inflation.....their wages have fallen by comparison.

So....until people can afford to actually live there is going to be a lack of children and general unrest of the citizenry. Then the economic stability necessary for young men and women to have children will need to be held onto. Because otherwise we will have to have almost unregulated immigration to fill job demands. (Such as is currently happening)

People do not have children in economic difficult times. Children are seen as an unaffordable burden instead of a blessing. Hence the 1.6 live birth rate instead of a 2.6 needed for stasis. A 3 would give us population growth needed for a thriving economy.

As things currently sit, a 2 income household (unskilled labor) cannot afford even an apartment and 2 car notes...much less children.
Rent at $1800/MO or more when the 2 incomes combined are roughly $1200/wk is a huge problem.
 
No but trump will take the increase and take credit for the bump. That was my point.
trump takes credit for everything. He denies blame for everything he screws up. That is what Narcissist do.
 
Good for Steve. He can express his opinion.

Weird, now the left is sucking off Bannon? :laughing0301:
 
Good for Steve. He can express his opinion.

Weird, now the left is sucking off Bannon? :laughing0301:
I'm on Musk's side. Anyone sucking off Bannon is pandering to the uneducated blue collar workers who were expecting their wages to go up this year when all the illegals were run out. It's not gonna happen.
 
Labor shortages do increase wages. Up to a point....
Wages ALWAYS fall behind inflation in keeping pace. Wage inflation has never kept pace with goods price inflation.

Henry Ford paid $5/day for unskilled labor which is equivalent to just under $200K/yr in today's wages.

Unskilled labor today is not even getting $45k/yr. But the goods (housing, food, energy) costs have risen keeping the unskilled labor from ever getting better. In fact made things much worse for them.

Even skilled labor has not kept pace with inflation.....their wages have fallen by comparison.

So....until people can afford to actually live there is going to be a lack of children and general unrest of the citizenry. Then the economic stability necessary for young men and women to have children will need to be held onto. Because otherwise we will have to have almost unregulated immigration to fill job demands. (Such as is currently happening)

People do not have children in economic difficult times. Children are seen as an unaffordable burden instead of a blessing. Hence the 1.6 live birth rate instead of a 2.6 needed for stasis. A 3 would give us population growth needed for a thriving economy.

As things currently sit, a 2 income household (unskilled labor) cannot afford even an apartment and 2 car notes...much less children.
Rent at $1800/MO or more when the 2 incomes combined are roughly $1200/wk is a huge problem.

Henry Ford paid $5/day for unskilled labor which is equivalent to just under $200K/yr in today's wages.

Show your math.
 
Ok. So what?
He's full of shit. Just like when he took over last time. He gave massive tax breaks to everyone, which caused the inflation. Then when unemployment went down .001%, suddenly the fake unemployment number was real and Trump had the best numbers ever.

But then using the same formula, Biden is the GOAT now. Remember Trump said no president except maybe Lincoln was better for blacks? Well if that was true, then Biden is now the president who has done the most for blacks, aside from Lincoln of course.
 
He's full of shit. Just like when he took over last time. He gave massive tax breaks to everyone, which caused the inflation. Then when unemployment went down .001%, suddenly the fake unemployment number was real and Trump had the best numbers ever.

But then using the same formula, Biden is the GOAT now. Remember Trump said no president except maybe Lincoln was better for blacks? Well if that was true, then Biden is now the president who has done the most for blacks, aside from Lincoln of course.

I don't believe tax cuts cause inflation.
 

Trouble in MAGA world? This is an interesting interview concerning the furd that Bannon and Musk are having. The Dems need to exploit the situation.
Not to worry, the fascist right is united behind Trump.
 
Not to worry, the fascist right is united behind Trump.
Bannon is not a Billionaire. He may find himself out in the cold. trump is anxious to use Musk's Billions to turn the US into another Hungary. Orban is his hero.
 
I don't believe tax cuts cause inflation.
Of course they do. If you give everyone more money guess what happens? Money becomes less valuable. Prices go up.

You guys seem to understand this when we raise minimum wage. You say prices will go up. My dad even says "every time they give me a social security raise, I notice prices go up soon after".

You don't believe it? Oh how convenient for you.
 
Of course they do. If you give everyone more money guess what happens? Money becomes less valuable. Prices go up.

You guys seem to understand this when we raise minimum wage. You say prices will go up. My dad even says "every time they give me a social security raise, I notice prices go up soon after".

You don't believe it? Oh how convenient for you.

Of course they do. If you give everyone more money guess what happens?

Give?

Money becomes less valuable.

The government gets less money, money keeps its value.

You guys seem to understand this when we raise minimum wage.

Forcing a company to pay more for unskilled labor raises the cost of their product.

You say prices will go up.

Only because it does.
 
Of course they do. If you give everyone more money guess what happens?

Give?

Money becomes less valuable.

The government gets less money, money keeps its value.

You guys seem to understand this when we raise minimum wage.

Forcing a company to pay more for unskilled labor raises the cost of their product.

You say prices will go up.

Only because it does.

Yes, more money in people's pockets can cause inflation, especially if the money supply grows faster than the economy. This is called demand-pull inflation.
 

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