Rightoids, just be honest...

Rightoids, just be honest. The only reason you don’t want $15 minimum wage is because watching other people be happy and healthy is your worst nightmare.

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1) Take your divisive nature to /pol/.
2) Both knowledge of the past and a properly functioning brain and a bit of forethought shows what will happen. Same with the most basic understanding of inflation.

Fucking grocery stores are charging more than this for food. What sort of fucking bubble do these rich libs live in?

I'm in albuquerque and I'm damn sure the most expensive taco bell burrito is north of $6.
Who would just lie on the internet to make a point??
>cohen

A baconator combo is now $14. (No bullshit, I almost shit when they gave me the total) It used to be $7. The workers used to make $8 now they make $15. How many baconator combos can they buy with what they make in an hour didn't change.

I watched 2 or 3 of his vids on YT. It's amazing how much he can open those mouth, as if he sucks 3 dicks at the same time on a daily basis.

>regional wages grossly affect unit price of a product generated by a multinational company from ingredients harvested nowhere near the locale.

yeah that makes sense.

Yes, it does
Else the prices would be about the same everywhere

>brian tyler cohen
this fag makes his career on misrepresenting arguments and taking comments out of context

>b-but it's already $15 here and it's not expensive to buy burritos!
meanwhile $15 is currently one of the lowest starting wages thanks to inflation, but don't think too hard about it, burritos are still cheap

Protip: the price of food has ZERO to do with the cost of wages. It never did. Or anything else for that matter.

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Show tits

This graph assumes these two are the only factors at play

>basic understanding of inflation
yes, basic, that's all you have, ywnbaw kys

and real wages stagnating has nothing to do with companies raising prices, good to know

Imagine posting this while we're experiencing nearly double digit inflation, something that economists who back min wage increases thought was a fairy tale never to be seen again.

How can one complain about the death of small businesses while pushing much higher minimum wages?

The only factor genuinely at play is the greed of the rich. Every single thing wrong with the job market or economy is due to the greed of billionaires. Why is every Western nation being infiltrated by third worlders? To suppress wages. Why is healthcare a joke in America? To suppress wages. Why is everything so expensive in America? To extract further cash out of poor workers. Why don't the phone lines work in America? Because scammers are paying politicians not to fix the issue. Why won't rents go down? Because landlords are paying politicians not to fix the issue. We're VERY close to reaching a tipping point in America where the average worker can't have any more money extracted from them and the entire house of cards collapses.

They're related but one didn't cause the other. They have the very same source: rich cunts trying to squeeze more out of the majority every single fucking year. They need to start getting their fucking heads chopped off.

>inflation
>companies making record profits
Yes ivan, it’s the min wage that’s the issue.

Fucking retard

teenagers and low skilled workers will be price out of the job market. We already have a generation of student debt addled shitheads with 0 work ethic.

>They're related but one didn't cause the other. They have the very same source: rich cunts trying to squeeze more out of the majority every single fucking year. They need to start getting their fucking heads chopped off.
you can't believe this then look back only two fucking years and see that costs were lower while real wages were making record gains

real wages stagnate because of inflation caused by federal spending and changes to the supply of money, subsidized by banks who profit from this activity
there is literally ZERO reason to increase prices while production increases, you will do the exact opposite of profit

I'm older than you, faggot. I remember what the world was like before the billionaire demands began their end-run to the apocalypse. You can't tell me shit until you grow hair on your balls.

*billionaire demons

can I have some money from you?

>you can't tell me basic facts because I'm an old retard
ok

>lives in Albuquerque
>eats Taco Bell

What are you? Fucking retarded?

no way that's accurate. in DC of all places.

Checked, and not an Ivan. Yes, giving massive money outside of value-delivered to a significant slice of society creates inflation. It's why most economists are now looking back at the 3rd and last COVID stimulus as too much money.

It's not the sole cause by any means, but it's a significant one.

The best rebuttal to the increasing minimum wage idiots is why not make it $50/hr? Problem is skilled workers will just make 3X what those retards do and around and around we go until 1000 USD is equivalent to what 1 USD used to be. Leftists are so fucking stupid it should be considered criminal at this point to allow them to vote.

The second rebuttal is what they plan to do when the bottom tier are priced out by the min wage hike because their skillet isn't worth $15 or $20 or $X an hour and companies would rather automate or retool away from lots of expensive low skill employees.

Oh dude. . . I work in manufacturing in California. As soon as those idiots raised that wage it justified automation spending. A bunch of low skilled wetbacks got kicked to the curb within 6 months. Cause and effect right in their faces and they still vote that way.

Will the people already making $15 -20/hr get raises too? Raising the minimum wage by itself only serves to devalue the labor and decrease the buying power of the next economic strata. You're not going to decrease the number of working poor, instead you are only going to increase the percentage of people on the bottom wrung.

i'm honestly glad you're mad. haha i want them to drop the meat subsidies just so i can hear all the autistic screeching.

awesome. fuck poor people.

Ah. $15 minimum wage would be amazing, it'll move most of the underclass to being reliant on the government since unemployment will skyrocket.

God the poor only being able to work for large corporations in the wagey cage sounds like a world I wanna be in

Maybe it's a sign our entire system is fucked because the bottom rung of income for basic survival keeps raising higher. Eventually to live in a 1 bedroom studio in bumfuck alabama is going to be $3k a month.

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Just to be clear, as OP's image shows, minimum wage is already $15 there, and nothing like the shit you clowns are predicting has happened. Maybe you should go back to your Q threads user.

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Maybe clamp down on immigration and above-replacement birth rates while also working to streamline house production.

Nobody pays $7.25 an hour anywhere anyway

>real wages were making record gains
Real wages have been neutral for almost the last 40 years except during the last 2 when 40% of the labor market dried up and businesses were forced to pay more for labor.

>real wages stagnate because of inflation caused by federal spending and changes to the supply of money
This is true but not in truth what's happened over the last 40 years -- the point being argued is one of labor productivity vs. labor price. Labor productivity (ie a proxy for profitability) has outpaced labor price -- basically, labor is being paid less than the value in which they contribute to business. Businesses are realizing they have to get in front of this and start paying people or providing better benefits. Mark Rowland, head of Apollo Global Capital was on a panel just this morning and said the thing that worries him isn't inflation or market correction its access to labor and people.

and drive down the value of houses you fucking communist!?

That graph tracks household home, not per capita. Household have been shrinking.
Also; consider where the elbow occurs; the sharp shift in the tend occurred when the gold standard ended.
The wages aren't the problem: it's the money those wages are paid with. Fix the money, fix the wages, but they can't do that, because the requires cutting govt spending.

Ooga booga facts are divisive.
Fuck off retard.

This jew probably spend $20 on strawberries and probably thinks its ridiculous that people complain about $15 coffee.

Every other country in the civilised world manages to have reasonably priced food AND a minimum wage.
Its amazing how many Americans are so easily duped into voting against their own interest by dubious propaganda.

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Trump literally lowered taxes more than anyone.

Regan was a commie. He literally gave all the jobs to China. He was literally from california.

>15/hr
Why would I care about anyone who makes a poor person wage when I make a lot more than that

He didn't for home owners on the coasts, and the real cuts were for corporations and the people whose wealth are based on them.

lol fuck wetbacks although of course that probably means california just pays them to do nothing

interesting, who did he lower taxes on?
faggot

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The two major causes of inflation are printing more money and forcibly lowering the prime rate. Anything else is a drop in the bucket.

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everyone

Minimum wage is not a federal issue. It's a city/state issue.

Wrong. We should just cut government salaries their for life benefits and lower taxes and we could all live much better lives.

Enjoy your $5 a gallon gas, faggot?

Yes. High housing prices don't benefit anyone, considering homeowners are likely to buy back into an equally inflated market when they sell. You fucking pinko desu.

He effectively increased taxes for any county with significant SALT tax amounts.

Na, the driving force of inflation is the century long trend of mergers and acquisitions. When industries consolidate competition dries up. The consumer has no choice but to buy from someone. (notice how food has dominated the conversation thus far.) Barriers to entry have increased over the same time period due to government regulation and improvements in technology. You obviously can't just bite the bullet and make Big Macs without the technology because you wouldn't survive the first year.

The population is fighting back the only way it knows how, voting in Trump to burn it all down, and not having kids. Both are examples of shooting yourself in the foot to score a ricochet on your enemy but all other avenues have been explicitly removed from the table.

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You're a goon if you think this is just a US issue

Salaries of the workers aren't negociated around gross income. They are negociated around net income. You work this job and it affords you [blank] quality of life. If taxes plummeted wages would work their way downward so that you would end up in the same place as before. Equilibrium found itself here for a reason.

If you force companies to pay more for no value add, you artificially add money into the bottom bracket. Combine that with federal business stimulus and stipends, and congrats, that money is printed money.
>Anything else is a drop in the bucket.
Obviously not.