What is the Republican solution to stagnant wages in the face of increasing corporate profits?

[Ray From Cleveland]

That isn’t a viable solution if low paying jobs greatly outnumber higher paying jobs. It’s a simple mathematical certainty that millions of people have NO CHOICE but to accept low paying jobs.

How do you figure that? Right now the US is short over 60,000 drivers they can't find. Driving jobs pay in the mid 50's to six figures depending on what you're willing to do. Because Americans won't take these mid to high paying jobs, industry is looking at foreigners to take those jobs, and we're still short.

The only thing that keeps people from advancing themselves in wages are drugs. Better paying jobs often have the condition of random drug testing. Therefore people who want to continue their usage or addiction accept those low paying jobs that don't have drug screening.

 

[dblack]

That isn’t a viable solution...

It isn't intended to be a "viable solution". You're clearly not paying any attention. I'm saying it's not a problem for government to solve. It's not a problem should even have the power to solve.

 

[hadit]

Why would anyone blame the guy in charge and all the fucked up policies he has enacted?

Didn't you get the memo? Democrat presidents are just placeholders for Republican presidents and get no blame for anything.

 

[struth]

The point is that they have barely budged. This is despite record high profits and being way behind on the cost living.

but you all said once fast food workers were paid 20 bucks a hour it would all be solved??

 

[dblack]

A government with the power to significantly manipulate the economy has too much power.

 

[Billy000]

People going back to work after a shutdown, Moron.

Fewer Americans are employed now than under Trump pre-Covid.

Even if that were true, it wouldn’t be Biden’s fault if it’s because of the pandemic. 6.6 million jobs is 6.6 million jobs. Quit being a pussy desperately trying to minimize it.

 

[Billy000]

And Bidenflation is at about 8.5%, so real wages has dropped about 3% under your Vegetable Messiah.

1) Any legitimate economist will tell you that inflation is primarily because of the pandemic and not Biden policy. This problem is all over the fucking world and your dumbass wants to make it all about Biden.

2) You claimed there was no wage growth and I proved you wrong. Now you are desperately trying to move the goal posts.

3) This wage growth was already happening before this inflation issue was happening.

4) When this inflation issue improves, those wage increases will not change at that point.

 

[Toddsterpatriot]

You claimed there was no wage growth and I proved you wrong.

What's the real wage growth this year?

 

[Billy000]

It isn't intended to be a "viable solution". You're clearly not paying any attention. I'm saying it's not a problem for government to solve. It's not a problem should even have the power to solve.

If the government does not step in, it will never improve.

 

[Toddsterpatriot]

If the government does not step in, it will never improve.

You like how the government improved college affordability?

 

[dblack]

If the government does not step in, it will never improve.

Ahh... the statist's refrain. Utter bullshit.

 

[DarthTrader]

Wages have remained stagnant for decades while corporate profits have only increased. This has happened with or without inflation issues.

Let’s pretend republicans had full control of congress and the presidency. What, exactly, could they do to fix this problem? We already know that regulations have a very insignificant effect on corporate profits, wages, and job growth. We also know that cutting taxes for the wealthy does not do jack shit either.

What else is there when it comes to republican solutions? It’s kind of sad and pathetic just how limited GOP economic policy is.

As shareholder profits increase, workersâ wages have stagnated

A relentless focus on maximizing shareholder value has contributed to stagnant middle-class wages in the United States and fueled the rise of a society increasingly divided between haves and have-nots, according to a new working paper published by the Roosevelt Institute, a progressive economic...

www.sltrib.com

What Is The Effect Of Federal Regulation On Jobs?

The negative effects of regulation often get downplayed, while regulation-induced "jobs" are touted as benefits.

www.forbes.com

Profits aren't increasing.

Everywhere companies are reducing their forward guidance meaning they are LOSING revenue, not GROWING revenue.

Netflix
Amazon
Walmart
Target
Home Depot

Now even MSFT (Microsoft) has reduced forward revenue guidance.

But I'm guessing you're an abortionist woke-transgender-lib who doesn't know anything about running a business.

 

[Billy000]

Ahh... the statist's refrain. Utter bullshit.

Right we should just be defeatist pussies and let this problem go unsolved.

 

[DarthTrader]

Right we should just be defeatist pussies and let this problem go unsolved.

You ignored the fact that there is NO PROBLEM.

You have failed to prove that there is 'higher profits'. The opposite is true. Corporate earnings are growing slower than wages.

 

[DarthTrader]

Corporate earnings growth year over year for 2021Q4 was about 4%. Wage growth was about 5% once you remove the outlier which is industrials, which is coming out of a massive recession that saw something like negative growth of 50% in 2020.

S&P 500 Earnings Season Update: February 11, 2022

The S&P 500 is reporting earnings growth of more than 30% for the fourth straight quarter and earnings growth of more than 45% for the full year.

insight.factset.com

 

[Billy000]

Profits aren't increasing.

Everywhere companies are reducing their forward guidance meaning they are LOSING revenue, not GROWING revenue.

Netflix
Amazon
Walmart
Target
Home Depot

Now even MSFT (Microsoft) has reduced forward revenue guidance.

But I'm guessing you're an abortionist woke-transgender-lib who doesn't know anything about running a business.

Hey retard, profits by the end of 2021 were at an all time high. There is no reason to believe it won’t change by the end of the year.

U.S. companies posted record profits in 2021, jacking up prices as inflation surged | Fortune

U.S. companies' pre-tax profits surged 25% year-over-year in 2021 to $2.81 trillion.

fortune.com

 

[Ray From Cleveland]

If the government does not step in, it will never improve.

This time government stepped in and it got much worse. How did the housing bubble and burst happen? Government stepped in. If they would have left the banks run their business they way they knew how, it never would have happened. But the Democrats were insistent their lowlife voters got homes and they had to lower the standards for that to happen.

 

[dblack]

Right we should just be defeatist pussies and let this problem go unsolved.

Here's something that's sure to blow your mind: saying that the government shouldn't solve a given problem doesn't actually mean you think the problem should go "unsolved". Of course, you'd have to be clear on what you think "the problem" is first - but we can solve problems without passing ill-conceived laws.

 

[DarthTrader]

Hey retard, profits by the end of 2021 were at an all time high. There is no reason to believe it won’t change by the end of the year.

U.S. companies posted record profits in 2021, jacking up prices as inflation surged | Fortune

U.S. companies' pre-tax profits surged 25% year-over-year in 2021 to $2.81 trillion.

fortune.com

LOL what? You mean the falling earnings for the last 5 months doesn't exist?

God you're stupider than I thought. Look at the markets bozo - they aren't falling because "profits are up".

 

[DarthTrader]

Hey retard, profits by the end of 2021 were at an all time high. There is no reason to believe it won’t change by the end of the year.

U.S. companies posted record profits in 2021, jacking up prices as inflation surged | Fortune

U.S. companies' pre-tax profits surged 25% year-over-year in 2021 to $2.81 trillion.

fortune.com

U.S. labor market hot, but declining profits cast shadow over economy

The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions.

www.reuters.com