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

[Billy000]

Hey Billy000 your Dimwinger party controls the House, Senate and White House.

Show us WTF they have done for stagnant wages, other then make them worse.

Wages have risen 5.7% under Biden. This was in part because of an increase in consumer spending which itself led to GDP growth. Biden’s child tax credit and stimulus payments played a role in the boost in consumer spending. Boosting consumer spending is the best way to stimulate economic growth.

While inflation has taken away from these gains, those gains in wages will still be there when that issue gets better.

Biden Notes Economic Success as Employment and Wages Rise (Published 2022)

President Biden is celebrating a historic year of job gains and trying to shift the narrative amid high inflation and a lingering virus that have many consumers glum.

www.nytimes.com

Report: Measuring the Child Tax Credit’s Economic and Community Impact - Niskanen Center

Rural regions stand to benefit from a substantial injection of relative purchasing power.

www.niskanencenter.org

 

[Ray From Cleveland]

Wages have risen 5.7% under Biden. This was in part because of an increase in consumer spending which itself led to GDP growth. Biden’s child tax credit and stimulus payments played a role in the boost in consumer spending. Boosting consumer spending is the best way to stimulate economic growth.

While inflation has taken away from these gains, those gains in wages will still be there when that issue gets better.

Biden Notes Economic Success as Employment and Wages Rise (Published 2022)

President Biden is celebrating a historic year of job gains and trying to shift the narrative amid high inflation and a lingering virus that have many consumers glum.

www.nytimes.com

Report: Measuring the Child Tax Credit’s Economic and Community Impact - Niskanen Center

Rural regions stand to benefit from a substantial injection of relative purchasing power.

www.niskanencenter.org

First of all wage increase had zero to do with consumer spending. Consumer spending was the same during Covid and after Dementia took office. Wages increased because industry had to compete with government for workers. He had no stimulus spending, he signed a bill to add additional unemployment money from the federal government.

 

[Ray From Cleveland]

The Republican plan for ANY issue is... nothing.

Well, that's not entirely accurate. Their plan is to bitch and whine about anyone else's solutions to our nation's problems.

They have ZERO ideas of their own. They are mentally, spiritually, and philosophically bankrupt.

Under President Trump we had normal inflation in the 2% area. Under President Trump we had the best economy in 50 years until Joe's buddies in China sent us their virus. Before that we had a million more jobs than Americans that could do them. We hit a new median household income high. We had the lowest unemployment for women and every minority group. So where do you get off saying Republicans have no solutions?

Dementia doesn't offer any solutions unless you can name me one. Every single one of his polices has been destructive to this country. Of course we're going to bitch about it. Anybody that goes grocery shopping or buys gasoline has every right to bitch about it.

 

[g5000]

Under President Trump we had normal inflation in the 2% area. Under President Trump we had the best economy in 50 years until Joe's buddies in China sent us their virus. Before that we had a million more jobs than Americans that could do them. We hit a new median household income high. We had the lowest unemployment for women and every minority group. So where do you get off saying Republicans have no solutions?

Dementia doesn't offer any solutions unless you can name me one. Every single one of his polices has been destructive to this country. Of course we're going to bitch about it. Anybody that goes grocery shopping or buys gasoline has every right to bitch about it.

Inflation and high gas prices have struck the entire globe, dipshit.

Is the 9.5 percent inflation in Hungary Biden's fault?

Jesus, you tards can't see past the ends of your noses.
'

 

[Ray From Cleveland]

Corporate profits are at an all high either way. When corporations decide a base wage they ask “how low can we make this wage while still getting enough people to apply for it?”

That’s how it has always been.

You are exactly correct. Your worth and pay are determined by what your employer can pay another person to do the same job and quality work as you do. It's called supply and demand.

 

[g5000]

German Inflation Hits Fresh Record​

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I blame Biden!

 

[g5000]

Hungary Inflation Rate Climbs Higher in Broad-Based Price Surge​

​

• Core inflation rose to an annual 9.1%, highest in 21 years

I blame Biden!

 

[g5000]

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

U.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis.

www.cnbc.com

I blame Biden!

 

[Billy000]

First of all wage increase had zero to do with consumer spending. Consumer spending was the same during Covid and after Dementia took office. Wages increased because industry had to compete with government for workers. He had no stimulus spending, he signed a bill to add additional unemployment money from the federal government.

As my source stated, the consumer spending from the child tax credit was estimated to be at 27 billion. The stimulus payments would have added even more. I mean it’s pretty dumb to assume consumer spending didn’t change if the child tax credits didn’t exist before that lol.

I think you asses just can’t accept that democrat policy helped the economy. The cognitive dissonance is too much for you to handle. Plus, all this really flies in the face your narrative that democrats harm the economy. If democrats harm the economy, why did wages go up 5.7% in one year?

 

[Ray From Cleveland]

Inflation and high gas prices have struck the entire globe, dipshit.

Is the 9.5 percent inflation in Hungary Biden's fault?

Jesus, you tards can't see past the ends of your noses.
'

Try again.

List of countries by inflation rate - Wikipedia

en.wikipedia.org

 

[Billy000]

Under President Trump we had normal inflation in the 2% area. Under President Trump we had the best economy in 50 years until Joe's buddies in China sent us their virus. Before that we had a million more jobs than Americans that could do them. We hit a new median household income high. We had the lowest unemployment for women and every minority group. So where do you get off saying Republicans have no solutions?

Dementia doesn't offer any solutions unless you can name me one. Every single one of his polices has been destructive to this country. Of course we're going to bitch about it. Anybody that goes grocery shopping or buys gasoline has every right to bitch about it.

Obama presided over the longest stretch of job growth. Trump then inherited that. Why that simple logic escapes you is beyond me.

 

[g5000]

Sweden Inflation Surge Piles Pressure on Riksbank to Tighten​

​

I blame Biden!

 

[Billy000]

You are exactly correct. Your worth and pay are determined by what your employer can pay another person to do the same job and quality work as you do. It's called supply and demand.

You speak as though employers try to be fair about this. They don’t give two fucks about what wage is fair. They, again, pay as little as possible without going too low to keep people applying to the position. That’s it. That’s all it boils down to.

 

[Borillar]

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

It's a feature, not a bug.

 

[g5000]

French Inflation Hits Another Record, Feeding Rate Debate​

​

I blame Biden!

 

[g5000]

As I said earlier, or maybe it was in another inflation topic, the most effective way to fight inflation is for the Fed to raise interest rates.

The President has nothing to do with it. All Biden could do to fight inflation is to get rid of Trump's stupid far left protectionist tariffs he created. But that would reduce inflation by only about half a percent.

If the Fed raises interest rates, as they should, it most likely would result in a recession. But when we recover, the US economy would come roaring back.

 

[g5000]

Try again.

List of countries by inflation rate - Wikipedia

en.wikipedia.org

Those are old figures. I'm way ahead of you. See post 167.

 

[Ray From Cleveland]

As my source stated, the consumer spending from the child tax credit was estimated to be at 27 billion. The stimulus payments would have added even more. I mean it’s pretty dumb to assume consumer spending didn’t change if the child tax credits didn’t exist before that lol.

I think you asses just can’t accept that democrat policy helped the economy. The cognitive dissonance is too much for you to handle. Plus, all this really flies in the face your narrative that democrats harm the economy. If democrats harm the economy, why did wages go up 5.7% in one year?

So explain how it influenced people to spend more when they didn't go back to work.

Biden child tax credit will push 1.5M workers from labor force: Study

A new study released on Friday shows Democrats' $3.5 trillion Build Back Better plan may not be as impactful on working families as the Biden administration claims.

www.dailymail.co.uk

 

[g5000]

Italian inflation hits 26-year high

January headline inflation came in at 4.8% year-on-year, the highest level since 1996

think.ing.com

I blame Biden!

 

[g5000]

Like I said. The tards can't see past their own noses.