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So what happens when an unskilled worker makes 30 bucks an hour? Do you think that a carpenter or mechanic who makes 30 an hour will be happy with what they make?You are correct.
Employers want cheap labor.
They want people to work for them without having to pay them a living wage.
So what happens when an unskilled worker makes 30 bucks an hour?
Economists are sounding the alarm over millions of would-be workers refusing to return
of course you did, was it because your parents finally kicked out and you have inheritance?
So what happens when an unskilled worker makes 30 bucks an hour? Do you think that a carpenter or mechanic who makes 30 an hour will be happy with what they make?
No, they will want a huge wage increase. And as it works it way thru society, our low wage worker will make 30 an hour, and everyone else will be making more.
Society will reset. The only thing we will have accomplished is making our money worth less.
Too bad you didn't answer the rest of the post.He's making almost minimum wage adjusted for real inflation. He needs fewer food stamps and might be able to swing a crappy apt. in a slum.
And? The wage rate will still reset.There's too much money at the top of the food chain - that's what's driving a lot of inflation. That and corporate profiteering.
Yet somehow they have the 6th largest economy on the globe. How's the economy in Alabama?you just demonstrated the California business model where all costs are driven up for no logical reason until one studies the democrat mindset
How's the economy in Alabama?
It is getting harder and harder for even two income families to make ends meet.
My wife asked me what happens if things go bad and our money is lost. I told her that if that happens any contract between people and society would have to have been violated, I'll be old and I'll figure out how to steal what we needed.
Bullshit.A capitalistic, free-market economy is 100% dependent upon a struggling Proletariat made up of people willing to toil right at or slightly below the poverty line their entire lives. Most of them will never rise in SES.
Think of them as the human "ants" that make the colony (the economy) actually function. It is their labor that generates income (and ultimately) wealth.
The owners and investors and boards of directors and bankers (and so on) rarely (if ever) actually "produce" anything.
The wealth generated by the ants simply funnels up the pyramid to them and sustains them.
But.....IF the ants ever decide "screw it! I'd rather live on the street in a cardboard box and scrounge in dumpsters than bust my ass all day working for these assholes in these conditions so I can BARELY make enough to pay rent on this dump so I'll have a place to sleep between shifts......"
Then it ALL falls apart.
The house of cards begins to crumble.
The ruse cannot be sustained and Capitalism begins to unravel at the seams.
That is all we are seeing. The beginning of the end.
The rest of the world was even lower, especially post World War Two when the Axis nations were in ruins and Allied partners also drained. The USA had about 2-3 decades where we were the main industrial and economic power of the Free (non Communist) world, but are helping to rebuild the vanquished and passing out huge amounts of foreign aid, leveled the playing field so to speak. Also some other factors such as letting CCP China take our industrial base, investments, and commerce/markets.Interesting that our peak as an industrial power house came when the LFPR was much lower than it is now.
Here's an example of the recent/current agenda of my county's Democrat party. The link takes to a page with more detail on the bullet list.America's low labor participation rate 'a social and economic disaster,' experts warn
Economists are sounding the alarm over millions of would-be workers refusing to return
By now it's common knowledge that the U.S. saw an unprecedented drop in labor participation at the onset of the COVID-19 pandemic in 2020 as health concerns, lockdowns and stimulus payments caused tens of millions to abandon or forfeit their jobs.
But three years later, millions still haven't returned – including many who quit in the middle of their prime working years – and some economists are sounding the alarm that so many capable, would-be earners remain out of the workforce.
When the Labor Department reported last month that unemployment dropped to 3.4% in January, the lowest level in more than 50 years, not all experts were celebrating.
Democrats love a dependent society!-OG
https://www.foxbusiness.com/economy/...r-experts-warn
Tell her it's what you both voted for in 2020
Check the mirror and apply this transference you show.Get a life.
Check the definition of inflation.There's too much money at the top of the food chain - that's what's driving a lot of inflation. That and corporate profiteering.
Check the mirror and apply this transference you show.
Your avatar makes clear where your allegiance and intentions lie.
