The dollar continues to collapse

[John Doe]

The problem is who/what caused the inflation? In the Carter years, and now the Biden years, it's democrat policies. Tax and spend.
If you think wages should follow inflation, the inflation will continue to increase along with wages until the country is bankrupt from spending which causes inflation.
High inflation without following wage increases creates a new voting class that puts in people that are hurting to vote for those that at least say they are going to hold down inflation and spending.
Yeah, I know that has people hurting, and it's not their fault.
It's the fault of the liberal politicians that create inflation.
Proof in the pudding......several chain restaurants and fast-food companies are leaving commiefornika because of the new $20 minimum wage designed to "help" them through inflation.
If inflation ever falls (HAHA!!) in commiefornika, do you think the wages should be reduced to follow that?
It will never happen there or anyplace else.
What did happen is that thousands of people that had jobs are now without jobs because of the theory that wages should follow inflation.
Brain dead biden's promise that new taxes will never effect anyone making under $400,000 is a chant to the stupid. Raising taxes to corporations will result in raising the price to the consumer with is a backdoor tax.
Companies don't pay income taxes. They have a bottom line of staying in business, anything more gets passed to the consumer. Brain dead biden saying he is going to make the big business that contribute to his re-election pay more taxes is a big lie.

I would highly recommend the short book The Great Taking. He explains some of this.

 

[sherrick13]

And folks here want to complain because minimum wage workers want more. Their wages/raises don't keep up with inflation. (MY wages aren't either)

Companies raise prices to make up for rising material costs, shipping costs, etc...

Somehow labor costs don't get the same consideration.

Raising minimum wages above market is part of the reason. It isnt a symptom.

 

[montesa]

Minimum wage in 1964 was $1.15. So four 90% silver quarters a silver dime and 5 copper pennies. Around $32 today.

It is almost as if there is a group of rootless international bankers printing fiat currency and sucking the wealth out of this country.

The finance man runs the town and the working man gets run down.- woody Guthrie

 

[TANSTAAFL]

This is something that seems like it should be obvious to everyone. But somehow it's not, and they get away with it.

The issue, corporations don't pay takes since they provide an avenue for tax collection, the employees pay taxes on income, so do vendors to the corporation and the owners pay taxes on capital gains when realized and dividends and bond interest and capital gains. Don't get wrapped up in socialist arguments that corporations don't pay taxes.

 

[snubinmypocket]

Minimum discriminates against the low skilled worker.

What should the minimum wage be for low skilled workers in Oklahoma? How much would you pay if you owned the company and how much would you expect to be paid as a beginning employee with little to no experience?

 

[commandcomm]

What should the minimum wage be for low skilled workers in Oklahoma? How much would you pay if you owned the company and how much would you expect to be paid as a beginning employee with little to no experience?

I am saying there should not be a minimum wage as it discriminates against the low skilled worker.

It creates a barrier of entry into the workforce.

 

[trekrok]

What should the minimum wage be for low skilled workers in Oklahoma?

$0

How much would you pay if you owned the company

Whatever I had to to get who I needed to do the job.

and how much would you expect to be paid as a beginning employee with little to no experience?

Depends on the job. Hard physical labor? Dangerous? What's the upside? What could i expect to make after getting good? What's my boss make?

 

[snubinmypocket]

I am saying there should not be a minimum wage as it discriminates against the low skilled worker.

It creates a barrier of entry into the workforce.

So you have no idea what a low skilled worker should be paid starting out? How does it discriminate having a minimum wage law?

 

[snubinmypocket]

$0

Whatever I had to to get who I needed to do the job.

Depends on the job. Hard physical labor? Dangerous? What's the upside? What could i expect to make after getting good? What's my boss make?

Let’s say a McDonald’s or fast food worker. You have little or no skills so why does it matter how much your boss makes? What should the OK minimum wage be for any job?

 

[trekrok]

Let’s say a McDonald’s or fast food worker. You have little or no skills so why does it matter how much your boss makes? What should the OK minimum wage be for any job?

I said above, OK minimum should be $0.

Depends on the the job and my situation. If I dropped out of 8th grade and I'm trying to find something with a possible future, I want to know what my boss makes, since I'd want his/her job eventually.

If I'm still in high school and I'm just wanting something for a little cash that will work around my schedule, it doesn't really matter where probably. I'd find the most flexible and highest paying job I could and make a mental note every day as to why I need to stay in school.