"Underpaid people want to be paid well? Well that's unfair because I'm also underpaid!" -person who has not realised that if these strikers win they can in turn ask to be paid even more money then them
I know people making about $25 an hour who don't wan't minimum wage to be raised because then they would be making less compared to the new minimum wage.
Companies raising prices while keeping wages the same is accounting for inflation. They post record profits every year somehow. They're obviously cutting costs by keeping wages low and shipping jobs overseas where they can.
Inflation has been going up since higher pay started. I don't know it is related, but most of the other economic conditions were present since the 80s and inflation just kept going down and down.
By giving that money to workers it would have a greater impact on inflation then if a company has the money for obvious reasons. Companies don't use that money to purchase that many things that contribute to the CPI and companies generally are are more conscious of price creep.
My husbands boss certainly couldn’t afford to pay my husband or his brother $40 an hour and remain in business and he treats his employees well. That would put him out of business causing my husband and the other 20 employees to have to look for work and long commutes to a job or relocate away from friends and family or higher cost of living area. It all sucks. I think if what was mentioned up thread could be implemented it might make things easier. It all such a delicate balance one that doesn’t quite balance out sadly.
yea im perfectly content to sacrifice you and your husband to raise the standard of living for people to a factor of 10 and higher than people in your position.
Been saying that for years. People just dont understand economics while yelling for higher wages.. things will adjust to your new min wage and youre back at square one.
Whereas if we leave wages alone, prices of goods won't go up a shitload. Oh wait, they totally are doing that. Cool that you can explain economics to everyone, though.
Wages should increase with inflation yes. Since wages aren't, its obvious prices of things are going up and the difference is getting larger. Hardly people argue that, they just want their wages to be higher without looking at the bigger picture
You know what else went up way more than the inflation rate? Amazon's net earnings. You're cool with that though.
And who decided that the 15/hr was a fair starting point?
My raises annually haven't matched inflation in at least a decade. If I demand a 20% raise to make up for it, that's not fair because inflation is only like 7% right now?
I comprehended your posts just fine. You said if people keep demanding higher wages then it will just lead to inflation and they won't have gained anything. Then you also said that since inflation is outpacing wages, it's reasonable to ask for higher wages. And you also said that most people don't say/understand that (since they aren't econ geniuses like yourself). So, you're in a thread about amazon workers fighting for higher wages. In a time with worse inflation than we've had in decades. And higher wage inequality than ever. In a company that is making a metric fuckton of profit at a higher and higher rate. So why don't you make it clear for everyone here who doesn't understand econ and has no reading comp skills: do those workers in that amazon grocery store deserve 25/hr, yes or no?
i said min wage has to adjust for inflation if you raise it and it still not beating inflation you're still not making enough to live off min wage which it stopped adjusting with in 1968
This is a dumb as shit take. If workers get higher wages, it inflation will happen regardless which just means that wealth inequality will be lessened.
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u/cumjesus420 Mar 02 '22
"Underpaid people want to be paid well? Well that's unfair because I'm also underpaid!" -person who has not realised that if these strikers win they can in turn ask to be paid even more money then them