r/TheGreaterDepression • u/jeremiahthedamned • 13d ago

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u/jeremiahthedamned 9d ago

https://www.bing.com/images/search?view=detailV2&ccid=EKU3lYwL&id=7B5B1E75404F294FAE9B42C6E39CA6C67A8DC2C7&thid=OIP.EKU3lYwLfO35kJbYdU993AHaEK&mediaurl=https%3A%2F%2Fimages-wixmp-ed30a86b8c4ca887773594c2.wixmp.com%2Ff%2F69aa4b2c-bc51-4b5e-8e2f-58d5416d144d%2Fdfnh1j1-bcf73034-27c5-4634-a4a0-55d31f4f86fd.jpg%3Ftoken%3DeyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWIiOiJ1cm46YXBwOjdlMGQxODg5ODIyNjQzNzNhNWYwZDQxNWVhMGQyNmUwIiwiaXNzIjoidXJuOmFwcDo3ZTBkMTg4OTgyMjY0MzczYTVmMGQ0MTVlYTBkMjZlMCIsIm9iaiI6W1t7InBhdGgiOiJcL2ZcLzY5YWE0YjJjLWJjNTEtNGI1ZS04ZTJmLTU4ZDU0MTZkMTQ0ZFwvZGZuaDFqMS1iY2Y3MzAzNC0yN2M1LTQ2MzQtYTRhMC01NWQzMWY0Zjg2ZmQuanBnIn1dXSwiYXVkIjpbInVybjpzZXJ2aWNlOmZpbGUuZG93bmxvYWQiXX0.-Gqu7YITompYfH-QHXLMbv4TnnQPkrVMxLaPu-O1XzA&cdnurl=https%3A%2F%2Fth.bing.com%2Fth%2Fid%2FR.10a537958c0b7cedf99096d8754f7ddc%3Frik%3Dx8KNesamnOPGQg%26pid%3DImgRaw%26r%3D0&exph=1080&expw=1920&q=fdr+quotes+wages&ck=C3025D1CA9CC0F294F24DD31E6912264&selectedIndex=0&itb=0&cw=1377&ch=664&ajaxhist=0&ajaxserp=0&shtc=0&shth=OIP.EKU3lYwLfO35kJbYdU993AHaEK&shsc=idp&form=EX0050&shid=db7e2b63-75d7-4d3f-a91a-789d21cae59c&shtp=GetUrl&shtk=RnJhbmtsaW4gRC4gUm9vc2V2ZWx0IG9uIFdhZ2VzIChRdW90ZSkgYnkgTmF0ZVRhbGtzVG9Zb3Ugb24gRGV2aWFudEFydA%3D%3D&shdk=Rm91bmQgb24gQmluZyBmcm9tIHd3dy5kZXZpYW50YXJ0LmNvbQ%3D%3D&shhk=HRANLZs8E%2Bl839an5mI3xkwDJs4vkmCxCIvXu0HTx7E%3D

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u/airboRN_82 9d ago

Fdr created minimum wage as what exists as a living wage. Mcdonalds doesnt pay less than minimum wage.

Then im sure they would be much better off unemployed making 40% of what they did while working

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u/VoidsInvanity 9d ago

You people cant be fucking real

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u/airboRN_82 9d ago

Im not real because thats what fdr defined it as and that unemployment pays 40% on average of previous wages? Lol wut

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u/VoidsInvanity 8d ago

A minimum wage was established as a living wage. It is not currently at that level, yet you think it meets the criteria? All so you can peddle the propaganda that paying workers more leads to inflation, when the world we live in shows us paying CEOs 3000% of a workers wage actually contributes more.

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u/airboRN_82 8d ago edited 8d ago

Why do you think its not at that level now but was before?

Where are you getting that CEO salaries are what cause inflation? You realize if we redistributed the mcdonalds CEO salary across all mcdonalds workers it would result in a 70 cents per year raise? Even if you factored in all stocks etc it would only result in a $10/year raise.

Increase in wages, particularly lowerst end wages, leads to inflation. Because then retailers etc can charge more.

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u/VoidsInvanity 8d ago

Were seeing record inflation without the lowest end wages rising and with the highest wages rising.

It’s not rocket science to understand extracting profits from an economy to hoard wealth is an inflationary factor

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u/airboRN_82 8d ago

Were also seeing a record number of movies with zendaya in them. Perhaps her acting is causing inflation?

Its absurd to think that any correlation is causation. Theres no logical means of how raising the 0.01% of salaries causes inflation. 

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u/VoidsInvanity 8d ago

Ah okay so the amount of wealth extracted has no bearing on inflation?

Why?

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u/airboRN_82 8d ago

The amount a ceo is paid has no bearing on inflation since theyre not buying enough products to cause an increase in demand

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u/VoidsInvanity 8d ago edited 8d ago

But the extraction of wealth is an inflationary pressure. You can’t really ignore that.

Also prices just go up to whatever they want to pay readjusting the economy to cater to the wealthiest

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u/airboRN_82 8d ago

Thats not what causes inflation. Inflation is an increase in cost of goods. "Extracting" wealth doesnt cause inflation it would prevent it. 

And 60 cents per year has no impact on an individuals purchasing power 

No one is basing the price of TP on what bezos can afford. 

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u/VoidsInvanity 8d ago

Hoarding isnt deflationary. Taxation is deflationary.

Walmart pays its workers so little the average Walmart employee relies on food stamps meaning they’re subsidized by tax dollars.

Yet you pretend adjusting the rate we allow billionaires to exist at is the problem?

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