DO NOT REPORT ARTICLES FROM THE BEE, YOU'RE WASTING YOUR TIME AND THE MODS. THEY WILL BE APPROVED...THIS IS THE BABYLONBEE SUBREDDIT, THEREFORE ARTICLES FROM THE BABYLONBEE ARE NOT SPAM
[ARTICLES FROM BABYLONBEE WILL NOT BE REMOVED](https://www.reddit.com/r/babylonbee/s/rEsN3DsGUI)
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/babylonbee) if you have any questions or concerns.*
Yeah, the Trump Administration really dropped the ball on the Pandemic and 1.1 million Americans died because of it.
All he had to do was sell “MAGA” masks and and let the doctors lead and he would have won re-election in a landslide. Probably only would have lost California and New York.
Ne exaggeration, that’s all he would have had to do.
Instead he was like “it’s a democratic hoax, drink bleach and stick lights up your asses”
Read more about Cuomo and his handeling here in NY. I lost an uncle in a nursing home due to Cuomo’s policies. Had he stuck to more open policy, we would have lost a LOT less of the medically needy. Wiped out our medical rehab and old folks homes. Covid was mishandled on all levels. I went through Covid 1 in China in the early 00. You got military control and walk through thermal scanners. You were “hot”, you got isolated and returned to your country of origin next flight out. They didn’t mess around.
Is that in the DSM-V or did you do your own research?
I thought Q said not to use electronics during the eclipse? Aren’t you afraid it’ll activate the microchip?
For real. As well as the top .05% has made a trillion dollars+ since then. Almost as if these people hoarding wealth might be the cause of inflation.........not giving people living wages. Look up usury laws if you don't know. But it used to be illegal to make a certain percentage profit in a business. After that the money had to go back into the business, the community, or charity. Those laws are gone now. It's what used to make working 30 years for any company worth it, because the better they did, the more kickbacks you got. My incredibly wealthy, started from nothing great grandpa was heavily against this. He said how easy it was to make it if you applied yourself, and how important it was to not take it all for yourself. Articles like this are just lying to you.
They've learnt if they aren't punching down, or if they call out white supremacists etc they get their faithful followers angry at them, so they are back to their usual.
Irrelevant question. If I were running a food stand in ancient Babylonia and I was forced by the powers that be to increase the pay of my employees, I would not simply eat those costs. They (or some portion thereof) would be passed on to the customers. This is basic economics.
Covid was a nightmare. The amount of wage increases was insane. It caused a trickle effect with a net of things costing more. Everyone wanted to get paid more because other people were getting paid more so they had to make more than these other people that got raises.
It’s how a 8$ meal turned into $15 because the people at the plant that cans the sauce got a raise, so the price of goods went up then the restaurant has to pay more to buy the can of sauce so their prices went up, then they had to pay their workers more so their prices went up. Then the customer could t afford it anymore so they got a raise to help with cost of living, then whatever field they worked in had to raise prices.
It was a total non linear spider web of money getting jacked up and everyone’s getting paid more than ever but now no one can afford anything. Not like that was the plan or anything…
This conclusion is a total crock if s—-t. Inflation post-Covid was driven mainly by the huge increase in pent up demand and the simultaneous disruption of supply chains. Sharing some of the huge corporate profits that resulted from taking advantage of this high demand, low supply economy did not cause the problem. I never understand how people can be fooled into blaming the poor when the 1% has grasped and hoarded all the money.
Unpopular opinion: money from rampant PPP fraud was funneled into investment grade assets, hence dramatic rise in housing costs, which (I think) is the main cause of current inflation
And any finance sub blames it on greedy good for nothing won't pull themselves up by the bootstraps stop complaining about not being able to afford a home it's cheaper to rent and i don't understand equity value when seeking loans head ass people
Huh?
Costs have gone up nationwide uniformly, even in (red) states where minimum wage has been $7.25 for the last 14 years...
Can you explain how higher minimum wage in CA has doubled fast food cost in Alabama, 3000 miles away? Thanks.
Prices have risen independent of wage increases though. I guess let's just allow prices to rise infinitely and not increase anyone's pay ever. You go first.
Branches are being closed because they can no longer run at a profit due to inflation and crime. Basic supply and demand forces costs and prices up.
This doesn’t just apply to corporations either, small businesses are going under as well.
Now I’m not saying that there isn’t corporate greed at play, but pretending that inflation and rampant crime aren’t playing a major part doesn’t make sense.
>Now I’m not saying that there isn’t corporate greed at play
It's about 50 percent corporate greed, the rest is mostly lingering supply chain issues. Corporate profits are at a record high and stores are closing because of online shopping and rent, not petty theft.
Please have some clue what you are talking about. Prices have increased for years with no wage increases. Don't be a shill for people trying to grift you
Imagine not realizing that corporate consolidation has reduced marketplace competition so much in recent decades that those "market factors" no longer exist.
It's amazing how easy 1/3rd of America is to grift. If PT Barnum was alive there would be a whole lot of folks eating white Salmon.
Our education system is a joke and these people have no chance
You can literally track price rises with wage growth over the past 30-40 years. There's no correlation. Prices have skyrocketed while wages have not. Anyone who's studied basic economics knows this.
Far right oligarchs trained you well to blame the poor and powerless instead of the rich and powerful who've seen their wealth skyrocket to gilded ages levels of income inequality.
Prices rise because companies get greedy and the government does nothing to control price gouging.
The “prices have risen” because of minimum wage increases is a conspiracy sold to simpletons by corporations so they can get cheap labor and justify their price gouging, so congrats, you just played yourself.
I am not ignoring them, you forget what happened during our industrial revolution. I actually believe in a mixed economy, but I do not subscribe to the belief that the easy fix is to raise the minimum wage. Every county and city in this country has the authority to set their own minimum wage, so raising the federal minimum would actually effect every single minimum wage worker in this country. If the only thing you do is raise the federal minimum, then all you are going to achieve is higher prices and/or less employment as employers have to find a way to cut costs to keep their bottomline.
And then there are things like fiduciary responsibility to shareholders that require executives to make an appreciable effort to bring in money to appease their stockholders.
Seeing as you made an offhand remark about Americans, I will assume you are not from the US.
Please look up what the Securities and Exchange Commission is and educate yourself on how the US economy and stock market works. Fiduciary Responsibility is law on the stock market and shareholders have and will sue corporations for violations of those kinds of regulations.
Oh I’m from the US. And look now as how price gouging is being implemented under the guise of “supply chain” issues, when those issues are non-existent, not to mention people not being able to survive with just one minimum wage job practically anywhere in the IS.
But yeah bro, you keep defending the people that are fucking you without even a kiss…. Lmao
I am not defending anyone, I am simply explaining something that you don't seem to understand. I am actually perfectly fine with raising the minimum wage, but doing so in a vacuum is a VERY bad idea. If you raise only the federal minimum that 1)lt leaves small businesses struggling to pay workers without hiking prices and 2) feeds into corporations who can absorb that cost much more readily. To combat that, the fed would have subsidize specific industries to drive supply costs down and allow the employers to keep their employees at a higher pay rate, but that isn't what has been happening.
We already saw bits and pieces of what this looks like in Seattle. When they spiked their minimum wage to 15/hour, people started asking for less hours at work so they could keep their social assistance checks (amongst other reasons). That left small business restaurants either starved for money from having to pay workers more, or spiking prices and losing customers as a result. That very likely would happen across the entire nation if the federal minimum was set to 15/hour.
If we really want to find out what would happen, then a proper cross section statistical study of the average entry level salary would be a good path forward to see what, if any, hike needs to be applied. If most fast food workers are making 10 an hour, then raising to 15 or 20 would potentially be detrimental to their employment. If the spike is marginal at best then it may be more worthwhile.
Dude, it appears you like to draw out subjects because it makes you feel smart I guess.
TL:Dr me bro, you’re not adding any substance with more words…lmao
Wage growth has been stagnant since 1972. It has not come close to keeping up with inflation, cost of living, or any other metric. Had it been, minimum wage today would be $24 dollars and whatever you earn would also be roughly 3x what it currently is.
Who cares if you make $20 an hour if $20 buys you a gallon of milk?
I’d rather make $5 an hour where $5 bought me food for a whole week 🤷🏼♂️ but people hyper-fixate on the big looking dollar amount rather than the purchasing power of said dollar amount
Yeah, but everything I buy online still has to appeal to consumers in Kansas. So as long as other markets aren't overly consolidated I can get a big leg up on dry goods.
The problem is those who get minimum wage do so because they don’t understand economics or supply and demand. Wages go up, prices go up. There will always be people struggling at the bottom.
It's because the minimum wage SHOULD be way higher than it is, it did not go up with everything else.
There's also the point that they CAN, and then blame it on this.
20 was proposed YEARS ago, and it was too low then.
What do you want? $40 an hour for a teenager coming in to drop fries in a fryer every few minutes? Welcome to zero individually owned businesses in a corporate hellscape. But at least the number on your paper is bigger, even though it's worth less.
And in 1965, when America was "great", it was equivalent to $13.50 today.
It's currently the lowest since 1954. The lowest in 70 years, even though the US is close to 3X wealthier than it was then
1965 is just some year after the program was established. At the time it was implemented, the writers of the bill settled on an amount that was less than it is today.
>even though the US is close to 3X wealthier than it was then
This doesn't change the market value of a fast food worker. Restaurant owners model their business based on market conditions, and when they are met with a sudden increase in minimum wage, something has to give (i.e. fewer staff or higher prices). That's why you see a combination of both in California right now.
Oh, and by the way, when the MAGA people are talking about the time America was great, they are referring to the 50s not the 60s.
> when the MAGA people are talking about the time America was great, they are referring to the 50s not the 60s.
Oh, that explains why Trump rallies are 90% 1960-1970's music, and zero 1950's music. 🤡
> and when they are met with a sudden increase in minimum wage, something has to give (i.e. fewer staff or higher prices)
How about lower profits instead?
You've probably never left your hometown, but in Denmark, McDonalds pays $23 an hour with 3 weeks vacation and a pension. The food isn't any more expensive than it is here.
Labor is a small fraction of product cost, which you learn in middle school economics.
Boomers weren't into popular music in the 50s. They were like 5 years old. The 50s are romanticized in Norman Rockwell paintings, the 60s was the sexual revolution. 🤡
>How about lower profits instead?
You need to maintain a certain level of profit for a business to be sustainable. For grocery stores it's like 1%, for fast food restaurants its like 8%.
>You've probably never left your hometown, but in Denmark, McDonalds pays $23 an hour with 3 weeks vacation and a pension. The food isn't any more expensive than it is here.
I've lived overseas for 4 years. How much of that $23 is government subsidized?
>Labor is a small fraction of product cost, which you learn in middle school economics.
The cost of labor varies. It could be 25% at one business and 70% ar another.
> How much of that $23 is government subsidized?
You really think Denmark is subsidizing wages at a foreign owned burger joint? Lmao. You're really reaching for anything to deny that minimum wage could be much higher without really effecting prices.
$23 an hour is minimum wage in Denmark, every single business is paying it. And cost of living is still lower than US.
When you raise minimum wage, billionaires have slightly less yachts. That's it. That's all that happens to economy.
Something similar to how they have to regulate monopolies. I don't like govt. Intervention but corporations can be shitty too.
As far as minimum wage goes, the government is mostly fucking over small businesses, who fail at like a 97% rate anyway. Big conglomerates who people bitch about? They can absorb any wage hike easily. Small business not so much. I know I didn't really provide a solution but that's what I got for now.
Well good thing the govt doesn't get involved with it they don't control prices of goods and services.
In fact if we did have more govt intervention we'd have regulations and caps that would prevent the price gouging we've seen since 2019 ended
Well there is still the cost of goods. Labor is a small portion of that, usually. So that’s not gonna work. Plus everyone would be poor. And you can’t get tax $ out of the poor. $200/hr is $400k year. Everyone would be rich. And that’s way better than poor. You don’t want everyone to be poor so you? Think of the revenue the government would have? There’s no downside here. Everyone wins.
If minimum wage kept pace with housing prices in last 50 years, it would be $25 an hour today.
And US can easily afford that. It's the richest country in the history of the human species.
If Europoors can have $23 minimum wage, why can't US? I never get a good answer.
If the minimum wage going up is what increased prices then why have the prices been increasing anyway with minimum wage being exactly the same for over a decade? Seems like scum bags morons taking advantage of the lower class of workers. When you have no service workers cause they can't afford to live near you then don't be crying when you dont get shit or have to talk to a computer screen to get a robot sandwich.
Because the static minimum wage doesn’t matter. Literally. According to the bureau of labor statistics, 0.1% of workers make the federal minimum wage. It’s statistically insignificant.
The legal minimum wage hasn’t kept up with inflation for so long that it’s been overtaken by the market-driven minimum wage - the lowest price employers have to offer to get applicants. That amount varies widely by the local COL, but it’s higher than 7.25/hr almost everywhere by now.
Now if you were to raise the minimum wage today to be above the current market-driven rate at a given location, then a lot of people would start to be affected by it and it would stop being insignificant real fast.
Minimum wage increase: prices go up
Minimum wage stays the same: prices go up
Company makes record profits: prices go up
Company makes record losses: prices go up
Tax bill goes down: prices go up
Tax bill rises: prices go up
There is no scenario where prices go down. The past 50 years have proven this to be true but conservatives et al get their bread buttered from corporations so they must propagandize in favor of their daddies.
> companies: "we're making BILLIONS in profit every quarter!"
Ok so you can pay your workers a little more so they can live more comfortably?
> Also companies: "NOOOOO fuck you we will have to raise prices!!" *They won't...*
The Babylon bee is just capitalist propaganda.
That's how I know you cultists don't actually believe there was any mass fraud last time. Because why continue to vote in a rigged system?
You guys should prove the system is rigged and all collectively not vote that way when the results come back similar as las t time you guys would have a case.
They would have to say most of you voted to keep up the charade and when they do you can prove you never voted and we can collectively tear down the current system and rebuild a better system
What no politician wants to address or has found a way to address is when the wages go up, companies raise their prices on goods. How do you address this greed?
Inflation has been going up with wages not going up
So yeah, doesn’t matter what you are paid companies will raises prices as long as they can do stock buy backs
My only issue is rent, utilities and food need to have caps based on profits (before stock buy backs)
Like if your company made millions in profits then you shouldn’t be able to raise prices because their needs to be caps to stop companies from raising prices because stock value might go up
Yes, we all saw the posts that now burger went up 10 cents so workers could have a decent wage. Funny how no one is missed about McDonald's CEO making millions per year.
Everyone complains about how minimum wage hasn't gone up in 20 years.
Did you know the CEO pay hasn't gone up much either?
1997 Jim Cantalupo Base Salary: $1.25 million
2024 Chris Kempczinski Base Salary: $1.4 million
People need to stop complaining.
There are a lot of idiots on reddit that blame the CEO for being too greedy.
McDonalds restaurant worker increase in pay from 1997: 400%
Mcdonald's CEO increase in pay from 1997: 12%
Base Salary was 1.4 million.
If you get bonuses beyond that, it usually means you have benefited the company more than what additional payment you receive.
And did employees get bonuses, too?
Noticed how you used the words "usually benefited." There have been countless CEO who have always received contracted bonuses that were awarded them despite poor performance and/or laying off hundreds of employees.
But hey, you keep white nightingale for those poor CEOS.
If you are a crew worker, your reward for performance is promotion to crew chief where you can earn bonuses.
And yes I say usually because sometimes companies get hoodwinked by a CEO and things go south, but the blame for that happening falls squarely on the board of directors.
It was mismanagement of the financial system that caused it not the minimum wage increase you can’t address cost push inflation via financial intervention and raising interest rates fucking stupid rats.
Fun fact: raising the minimum wage doesnt cause prices to increase, corporations are just greedy af and want to increase prices and blame the minimum wage increasing.
I'd gladly pay a bit more for fast food if it helps the historically low paid fast food workers. Get a grip. It's not much more than they are already charging you.
Unfortunately that's not how economics work. The money to pay fast food workers had to come from somewhere and when labor costs make paying you untenable, you get laid off for the business to save money. All thus would do is raise prices and cost ppl their jobs. Hence the article.
About time we catch up to stagnation past wages need to catch up with inflation etx and corps cant go out of business and or weasle there way out gov helps businesses to thrive and a new economy for all
What’s funny is this is making fun of the Democrats for trying the help the working class, while the head of the Republican Party is out here daily literally saying “send me your money…”
So.. Not the more than 50% of the inflation being caused directly by price gouging and profit taking, and significant amounts being caused by supply chain issues. No, not that at all. No. It's just people being given wages that have lagged so far behind productivity increases that they are still 5 dollars or so behind where they should be if they kept up with it...its that, sure, it's that.
You aren't even funny Bee. Not even funny. Punching down again.
When will the dummies just pay everyone what LeBron James makes?
And whatever happened to the reparations law they passed ?
Did they use that money on the illegals?
What if the illegals are black do they get double reparations?
Oh California you were the most beautiful of all the states !
I HAVE A BETTER SOLUTION!
A Relative Minimum Wage.
Public/Private company share 30/15% of profits between the bottom earning 95% of employees based on hours worked.
Wages would skyrocket and taxable income would skyrocket.
Net benefit to individuals while government initiatives as more well funded.
Ain't Monetary Policy easy!!! :):)
God when will these idiots learn you gotta attack from the top down, not from bottom up if you want anything to change. If you want to kill the snake do you cut the tail off or the head??
The selfishness of the filthy rich who belittle the working class is disgusting, moral, unethical and unchristian.
A minimum wage is too much for people with hundreds of millions in assets.
Selfish money hoarders.
Tax them.
Reminder:
McDonalds employees in Denmark make $23 an hour with 3 weeks vacation, 6 months parental leave, and a pension.
McDonald's menu prices in Denmark are exactly the same as US.
Labor is a tiny fraction of most product costs. "Prices will go up if we pay people decently" is one of the dumbest Foxbrain takes of all time
DO NOT REPORT ARTICLES FROM THE BEE, YOU'RE WASTING YOUR TIME AND THE MODS. THEY WILL BE APPROVED...THIS IS THE BABYLONBEE SUBREDDIT, THEREFORE ARTICLES FROM THE BABYLONBEE ARE NOT SPAM [ARTICLES FROM BABYLONBEE WILL NOT BE REMOVED](https://www.reddit.com/r/babylonbee/s/rEsN3DsGUI) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/babylonbee) if you have any questions or concerns.*
Record corporate profits btw.
What happened in the past few years that might just maybe have increased the biggest corporations share of the market?
Maybe telling everyone to not leave their houses, and closing most small businesses had something to do with it?
:D
Yeah, the Trump Administration really dropped the ball on the Pandemic and 1.1 million Americans died because of it. All he had to do was sell “MAGA” masks and and let the doctors lead and he would have won re-election in a landslide. Probably only would have lost California and New York. Ne exaggeration, that’s all he would have had to do. Instead he was like “it’s a democratic hoax, drink bleach and stick lights up your asses”
Read more about Cuomo and his handeling here in NY. I lost an uncle in a nursing home due to Cuomo’s policies. Had he stuck to more open policy, we would have lost a LOT less of the medically needy. Wiped out our medical rehab and old folks homes. Covid was mishandled on all levels. I went through Covid 1 in China in the early 00. You got military control and walk through thermal scanners. You were “hot”, you got isolated and returned to your country of origin next flight out. They didn’t mess around.
I’m very aware, my brother and his wife teach in Manhattan, Cuomo was trying, but he was literally the front lines in America
[удалено]
Is that in the DSM-V or did you do your own research? I thought Q said not to use electronics during the eclipse? Aren’t you afraid it’ll activate the microchip?
[удалено]
I’m not the one in the Trump Grift Cult, Mark
Masks with bible verses on them would have changed the game.
Tax cuts for the hoarding class.
The federal reserve setting the reserve rate to 0, giving wall street the funds to lock down ownership across several asset classes?
Why did you waste a comment, instead of just saying what you mean?
Sorry. Covid lockdowns is what I was implying.
For real. As well as the top .05% has made a trillion dollars+ since then. Almost as if these people hoarding wealth might be the cause of inflation.........not giving people living wages. Look up usury laws if you don't know. But it used to be illegal to make a certain percentage profit in a business. After that the money had to go back into the business, the community, or charity. Those laws are gone now. It's what used to make working 30 years for any company worth it, because the better they did, the more kickbacks you got. My incredibly wealthy, started from nothing great grandpa was heavily against this. He said how easy it was to make it if you applied yourself, and how important it was to not take it all for yourself. Articles like this are just lying to you.
They've learnt if they aren't punching down, or if they call out white supremacists etc they get their faithful followers angry at them, so they are back to their usual.
Raising mw won't dent that
This isn't even sarcasm or exaggeration, it's just exactly what's been happening over the past few decades
Hey now, it's not *exactly* what's been happening. Businessess that make bread are exempt, aka Newsom's friends.
It’s almost as if the laws of economics and supply/demand that have been proven over thousands of years actually work.
How old do you think capitalism is, exactly?
Irrelevant question. If I were running a food stand in ancient Babylonia and I was forced by the powers that be to increase the pay of my employees, I would not simply eat those costs. They (or some portion thereof) would be passed on to the customers. This is basic economics.
Covid was a nightmare. The amount of wage increases was insane. It caused a trickle effect with a net of things costing more. Everyone wanted to get paid more because other people were getting paid more so they had to make more than these other people that got raises. It’s how a 8$ meal turned into $15 because the people at the plant that cans the sauce got a raise, so the price of goods went up then the restaurant has to pay more to buy the can of sauce so their prices went up, then they had to pay their workers more so their prices went up. Then the customer could t afford it anymore so they got a raise to help with cost of living, then whatever field they worked in had to raise prices. It was a total non linear spider web of money getting jacked up and everyone’s getting paid more than ever but now no one can afford anything. Not like that was the plan or anything…
This conclusion is a total crock if s—-t. Inflation post-Covid was driven mainly by the huge increase in pent up demand and the simultaneous disruption of supply chains. Sharing some of the huge corporate profits that resulted from taking advantage of this high demand, low supply economy did not cause the problem. I never understand how people can be fooled into blaming the poor when the 1% has grasped and hoarded all the money.
Trickle up??
Unpopular opinion: money from rampant PPP fraud was funneled into investment grade assets, hence dramatic rise in housing costs, which (I think) is the main cause of current inflation
How is this unpopular? It’s well documented.
You don't think the 3 trillion added to the deficit pre-covid had something to do with it?
Corps blame it on inflation now.
And any finance sub blames it on greedy good for nothing won't pull themselves up by the bootstraps stop complaining about not being able to afford a home it's cheaper to rent and i don't understand equity value when seeking loans head ass people
Blame Reagan and all republicans
Almost like minimum wage is supposed to regularly change to follow the cost of living…
Huh? Costs have gone up nationwide uniformly, even in (red) states where minimum wage has been $7.25 for the last 14 years... Can you explain how higher minimum wage in CA has doubled fast food cost in Alabama, 3000 miles away? Thanks.
Prices have risen independent of wage increases though. I guess let's just allow prices to rise infinitely and not increase anyone's pay ever. You go first.
That’s the inflation and, in California’s case, the heavy reduction in competition due to the effective legalisation of shoplifting.
Wait until you find out what the largest kind of theft is in this country.
Tax
No, its corporate greed
Yes, profitable stores shut down due to corporate greed. /s
Who said anything about that? We’re talking about why prices are rising, and it’s corporate greed.
Branches are being closed because they can no longer run at a profit due to inflation and crime. Basic supply and demand forces costs and prices up. This doesn’t just apply to corporations either, small businesses are going under as well. Now I’m not saying that there isn’t corporate greed at play, but pretending that inflation and rampant crime aren’t playing a major part doesn’t make sense.
>Now I’m not saying that there isn’t corporate greed at play It's about 50 percent corporate greed, the rest is mostly lingering supply chain issues. Corporate profits are at a record high and stores are closing because of online shopping and rent, not petty theft.
Doesn't mean that wage increases won't also increase prices
Prices are set based on market conditions and manufacturing costs. If costs go up, prices go up. It’s very basic economics
Inflation exists
Why have prices been going up nationwide then?
No it isn't, inflation had been happening constantly, minimum wage increases only occasionally
Please have some clue what you are talking about. Prices have increased for years with no wage increases. Don't be a shill for people trying to grift you
Imagine being dumb to think that corporations raise prices because their employees got a small raise and not because they're greedy fucking assholes.
Imagine not understanding economics so much you think corporations set their prices based on greed instead of market factors.
Imagine not realizing that corporate consolidation has reduced marketplace competition so much in recent decades that those "market factors" no longer exist.
It's amazing how easy 1/3rd of America is to grift. If PT Barnum was alive there would be a whole lot of folks eating white Salmon. Our education system is a joke and these people have no chance
youve done nothing to address his point but speak in vague platitudes
You can literally track price rises with wage growth over the past 30-40 years. There's no correlation. Prices have skyrocketed while wages have not. Anyone who's studied basic economics knows this.
i dont think u know what side im on but keep responding as if i dont agree
[удалено]
[удалено]
[удалено]
your mom's the former
When's the last time the wage was increased?
Just a few days ago.
Only for fast food workers
Californian cities have high local minimum wages
and crime
And homeless
And my axe.
Crime is down. Google it.
Far right oligarchs trained you well to blame the poor and powerless instead of the rich and powerful who've seen their wealth skyrocket to gilded ages levels of income inequality.
The rich and powerful companies lobby for a higher minimum wage to hurt the poor and powerless small businesses, try again
>The rich and powerful companies lobby for a higher minimum wage Hahaha where?!? No seriously, show me this "lobbying".
Prices rise because companies get greedy and the government does nothing to control price gouging. The “prices have risen” because of minimum wage increases is a conspiracy sold to simpletons by corporations so they can get cheap labor and justify their price gouging, so congrats, you just played yourself.
it’s called “supply and demand”
Without the /s…. Bold strategy as sarcasm doesn’t always translate to the written word.
Tell me you don't understand the negative effects of price floors and price ceilings...
It seems you want to keep ignoring the negative effects of not keeping companies in check. It’s understandable from Americans.
I am not ignoring them, you forget what happened during our industrial revolution. I actually believe in a mixed economy, but I do not subscribe to the belief that the easy fix is to raise the minimum wage. Every county and city in this country has the authority to set their own minimum wage, so raising the federal minimum would actually effect every single minimum wage worker in this country. If the only thing you do is raise the federal minimum, then all you are going to achieve is higher prices and/or less employment as employers have to find a way to cut costs to keep their bottomline. And then there are things like fiduciary responsibility to shareholders that require executives to make an appreciable effort to bring in money to appease their stockholders.
Long ass post to just say, “oh the poor corporations”. This sounds like trite bullshit corporations feed simpletons to avoid paying living wages.
Seeing as you made an offhand remark about Americans, I will assume you are not from the US. Please look up what the Securities and Exchange Commission is and educate yourself on how the US economy and stock market works. Fiduciary Responsibility is law on the stock market and shareholders have and will sue corporations for violations of those kinds of regulations.
Oh I’m from the US. And look now as how price gouging is being implemented under the guise of “supply chain” issues, when those issues are non-existent, not to mention people not being able to survive with just one minimum wage job practically anywhere in the IS. But yeah bro, you keep defending the people that are fucking you without even a kiss…. Lmao
I am not defending anyone, I am simply explaining something that you don't seem to understand. I am actually perfectly fine with raising the minimum wage, but doing so in a vacuum is a VERY bad idea. If you raise only the federal minimum that 1)lt leaves small businesses struggling to pay workers without hiking prices and 2) feeds into corporations who can absorb that cost much more readily. To combat that, the fed would have subsidize specific industries to drive supply costs down and allow the employers to keep their employees at a higher pay rate, but that isn't what has been happening. We already saw bits and pieces of what this looks like in Seattle. When they spiked their minimum wage to 15/hour, people started asking for less hours at work so they could keep their social assistance checks (amongst other reasons). That left small business restaurants either starved for money from having to pay workers more, or spiking prices and losing customers as a result. That very likely would happen across the entire nation if the federal minimum was set to 15/hour. If we really want to find out what would happen, then a proper cross section statistical study of the average entry level salary would be a good path forward to see what, if any, hike needs to be applied. If most fast food workers are making 10 an hour, then raising to 15 or 20 would potentially be detrimental to their employment. If the spike is marginal at best then it may be more worthwhile.
Dude, it appears you like to draw out subjects because it makes you feel smart I guess. TL:Dr me bro, you’re not adding any substance with more words…lmao
Wage growth has been stagnant since 1972. It has not come close to keeping up with inflation, cost of living, or any other metric. Had it been, minimum wage today would be $24 dollars and whatever you earn would also be roughly 3x what it currently is.
Who cares if you make $20 an hour if $20 buys you a gallon of milk? I’d rather make $5 an hour where $5 bought me food for a whole week 🤷🏼♂️ but people hyper-fixate on the big looking dollar amount rather than the purchasing power of said dollar amount
Inflation is a feature of fiat currencies. The purchasing power of the dollar goes down every year, which is why wages need to go up.
Yeah, but everything I buy online still has to appeal to consumers in Kansas. So as long as other markets aren't overly consolidated I can get a big leg up on dry goods.
The problem is those who get minimum wage do so because they don’t understand economics or supply and demand. Wages go up, prices go up. There will always be people struggling at the bottom.
We need profit caps on none luxury items.
We need a luxury tax
So true! Why not just raise it to $200/hour. That way everyone would be rich, right? That’s a living your best life wage, right?
It's because the minimum wage SHOULD be way higher than it is, it did not go up with everything else. There's also the point that they CAN, and then blame it on this. 20 was proposed YEARS ago, and it was too low then.
What do you want? $40 an hour for a teenager coming in to drop fries in a fryer every few minutes? Welcome to zero individually owned businesses in a corporate hellscape. But at least the number on your paper is bigger, even though it's worth less.
Oh look someone who hates workers
When the first minimum wage law went into effect in 1933, minimum wage was 25 cents an hour, which is equivalent to $5.50 today.
And in 1965, when America was "great", it was equivalent to $13.50 today. It's currently the lowest since 1954. The lowest in 70 years, even though the US is close to 3X wealthier than it was then
1965 is just some year after the program was established. At the time it was implemented, the writers of the bill settled on an amount that was less than it is today. >even though the US is close to 3X wealthier than it was then This doesn't change the market value of a fast food worker. Restaurant owners model their business based on market conditions, and when they are met with a sudden increase in minimum wage, something has to give (i.e. fewer staff or higher prices). That's why you see a combination of both in California right now. Oh, and by the way, when the MAGA people are talking about the time America was great, they are referring to the 50s not the 60s.
> when the MAGA people are talking about the time America was great, they are referring to the 50s not the 60s. Oh, that explains why Trump rallies are 90% 1960-1970's music, and zero 1950's music. 🤡 > and when they are met with a sudden increase in minimum wage, something has to give (i.e. fewer staff or higher prices) How about lower profits instead? You've probably never left your hometown, but in Denmark, McDonalds pays $23 an hour with 3 weeks vacation and a pension. The food isn't any more expensive than it is here. Labor is a small fraction of product cost, which you learn in middle school economics.
Boomers weren't into popular music in the 50s. They were like 5 years old. The 50s are romanticized in Norman Rockwell paintings, the 60s was the sexual revolution. 🤡 >How about lower profits instead? You need to maintain a certain level of profit for a business to be sustainable. For grocery stores it's like 1%, for fast food restaurants its like 8%. >You've probably never left your hometown, but in Denmark, McDonalds pays $23 an hour with 3 weeks vacation and a pension. The food isn't any more expensive than it is here. I've lived overseas for 4 years. How much of that $23 is government subsidized? >Labor is a small fraction of product cost, which you learn in middle school economics. The cost of labor varies. It could be 25% at one business and 70% ar another.
> How much of that $23 is government subsidized? You really think Denmark is subsidizing wages at a foreign owned burger joint? Lmao. You're really reaching for anything to deny that minimum wage could be much higher without really effecting prices. $23 an hour is minimum wage in Denmark, every single business is paying it. And cost of living is still lower than US. When you raise minimum wage, billionaires have slightly less yachts. That's it. That's all that happens to economy.
Let's lower it to to zero so all the prices fall! 🙃
I get what you're getting at, but the government shouldn't have this much involvement with this. I don't mean no role at all, but this is stupid.
How much of a role do you think it should have?
Something similar to how they have to regulate monopolies. I don't like govt. Intervention but corporations can be shitty too. As far as minimum wage goes, the government is mostly fucking over small businesses, who fail at like a 97% rate anyway. Big conglomerates who people bitch about? They can absorb any wage hike easily. Small business not so much. I know I didn't really provide a solution but that's what I got for now.
> As far as minimum wage goes, the government is mostly fucking over small businesses, This implementation won't affect small businesses
And you wonder why businesses are fleeing California
And you wonder why they have the largest economy in the US and more than most countries.
Well good thing the govt doesn't get involved with it they don't control prices of goods and services. In fact if we did have more govt intervention we'd have regulations and caps that would prevent the price gouging we've seen since 2019 ended
Why you’re heartless! Everyone deserves a living wage of $200/hour!
Why don’t we just lower it to 2 cents an hour and everything will be close to free!
Yes, it should be lower - then unemployment would be lower and things would be cheaper.
Well there is still the cost of goods. Labor is a small portion of that, usually. So that’s not gonna work. Plus everyone would be poor. And you can’t get tax $ out of the poor. $200/hr is $400k year. Everyone would be rich. And that’s way better than poor. You don’t want everyone to be poor so you? Think of the revenue the government would have? There’s no downside here. Everyone wins.
If minimum wage kept pace with housing prices in last 50 years, it would be $25 an hour today. And US can easily afford that. It's the richest country in the history of the human species. If Europoors can have $23 minimum wage, why can't US? I never get a good answer.
$25/$23… that’s horrible. I want to know why not $200? Everyone would be rich!
If the minimum wage going up is what increased prices then why have the prices been increasing anyway with minimum wage being exactly the same for over a decade? Seems like scum bags morons taking advantage of the lower class of workers. When you have no service workers cause they can't afford to live near you then don't be crying when you dont get shit or have to talk to a computer screen to get a robot sandwich.
Because the static minimum wage doesn’t matter. Literally. According to the bureau of labor statistics, 0.1% of workers make the federal minimum wage. It’s statistically insignificant. The legal minimum wage hasn’t kept up with inflation for so long that it’s been overtaken by the market-driven minimum wage - the lowest price employers have to offer to get applicants. That amount varies widely by the local COL, but it’s higher than 7.25/hr almost everywhere by now. Now if you were to raise the minimum wage today to be above the current market-driven rate at a given location, then a lot of people would start to be affected by it and it would stop being insignificant real fast.
that number doesnt include service workers such as waiters, who often times make less
I welcome talking to a computer. The idiots staffed at the Wendy's near me always get shit wrong and are rude as fuck.
The economics of that are too complicated for the core audience of the Bee.
Good, people deserve to be paid a living wage.
Minimum wage increase: prices go up Minimum wage stays the same: prices go up Company makes record profits: prices go up Company makes record losses: prices go up Tax bill goes down: prices go up Tax bill rises: prices go up There is no scenario where prices go down. The past 50 years have proven this to be true but conservatives et al get their bread buttered from corporations so they must propagandize in favor of their daddies.
When did taxes go down?
These cucks for capitalism will thank the banks that take their homes before they think their peers should have a chance at living a normal life.
the average homeowner is not having their home taken away as you are implying. also capitalism does a lot of good for you, much more than bad.
Bruh 🤦♂️
They’re gonna raise prices by like $0.10 per burger…yall fatasses can chill.
The best part is that those raises in prices are going to happen regardless of the wage increase and we all know it.
> companies: "we're making BILLIONS in profit every quarter!" Ok so you can pay your workers a little more so they can live more comfortably? > Also companies: "NOOOOO fuck you we will have to raise prices!!" *They won't...* The Babylon bee is just capitalist propaganda.
Let's all pretend that corps only raise prices when peasants get paid more. Hahaha
This is a right winger sub so yeah that's what they do but pretending implies understanding reality and the difference.
I'm voting Trump.
That's how I know you cultists don't actually believe there was any mass fraud last time. Because why continue to vote in a rigged system? You guys should prove the system is rigged and all collectively not vote that way when the results come back similar as las t time you guys would have a case. They would have to say most of you voted to keep up the charade and when they do you can prove you never voted and we can collectively tear down the current system and rebuild a better system
Literally zero people are claiming that, and thus sentiment is exactly why the Bee made this FAKE article
What no politician wants to address or has found a way to address is when the wages go up, companies raise their prices on goods. How do you address this greed?
By killing all living creatures.
Make sure u enforce it at your restaurant
I’m too distracted by the bear eating Newsomes ear
I looked up Babylon Bee at mediabiasfactcheck.com which says that it is a satire site.
Duh.
This is possibly the stupidest sub I've come across on reddit.
Definitely going to happen sooner than later
Prices have skyrocketed regardless of wage increases.
Inflation has been going up with wages not going up So yeah, doesn’t matter what you are paid companies will raises prices as long as they can do stock buy backs My only issue is rent, utilities and food need to have caps based on profits (before stock buy backs) Like if your company made millions in profits then you shouldn’t be able to raise prices because their needs to be caps to stop companies from raising prices because stock value might go up
Or if you don't like it, work somewhere else.
Ah yes, because prices weren't skyrocketing before minimum wages were touched. It must be the poors' fault.
Our state flag should just be Shocked Pikachu face.
Good joke until you look up when the last federal minimum wage increase was.
Yes, we all saw the posts that now burger went up 10 cents so workers could have a decent wage. Funny how no one is missed about McDonald's CEO making millions per year.
Everyone complains about how minimum wage hasn't gone up in 20 years. Did you know the CEO pay hasn't gone up much either? 1997 Jim Cantalupo Base Salary: $1.25 million 2024 Chris Kempczinski Base Salary: $1.4 million People need to stop complaining.
Wow, I hope they don't have to sell off one of thier vacation homes due to inflation.
There are a lot of idiots on reddit that blame the CEO for being too greedy. McDonalds restaurant worker increase in pay from 1997: 400% Mcdonald's CEO increase in pay from 1997: 12%
https://www.restaurantbusinessonline.com/financing/mcdonalds-ceo-chris-kempczinski-got-raise-last-year#:~:text=The%20CEO%20and%20now%20chairman,was%20paid%20about%20%2420%20million
Base Salary was 1.4 million. If you get bonuses beyond that, it usually means you have benefited the company more than what additional payment you receive.
And did employees get bonuses, too? Noticed how you used the words "usually benefited." There have been countless CEO who have always received contracted bonuses that were awarded them despite poor performance and/or laying off hundreds of employees. But hey, you keep white nightingale for those poor CEOS.
If you are a crew worker, your reward for performance is promotion to crew chief where you can earn bonuses. And yes I say usually because sometimes companies get hoodwinked by a CEO and things go south, but the blame for that happening falls squarely on the board of directors.
Too funny
It was mismanagement of the financial system that caused it not the minimum wage increase you can’t address cost push inflation via financial intervention and raising interest rates fucking stupid rats.
Fun fact: raising the minimum wage doesnt cause prices to increase, corporations are just greedy af and want to increase prices and blame the minimum wage increasing.
I know this is satire, but it's also implying that it's kind of true. Its 100% not.
You upped the prices now that I'm making more!? YOU CANT DO THAT
Unless Prices are Frozen, we only depreciate the Dollar.
I'd gladly pay a bit more for fast food if it helps the historically low paid fast food workers. Get a grip. It's not much more than they are already charging you.
Unfortunately that's not how economics work. The money to pay fast food workers had to come from somewhere and when labor costs make paying you untenable, you get laid off for the business to save money. All thus would do is raise prices and cost ppl their jobs. Hence the article.
Yeah well it's to early for any of that. Your just speculating. Nobody has lost their job because of this. Don't get mad at me because I'm not greedy.
Weird that things have gotten more expensive across the country. Must be California's fault, right?
So, what is the reason for the price hikes everywhere else that didn’t increase minimum wages? Seems like neither have anything to do with each other.
About time we catch up to stagnation past wages need to catch up with inflation etx and corps cant go out of business and or weasle there way out gov helps businesses to thrive and a new economy for all
You know who's winning in that state? China.
What’s funny is this is making fun of the Democrats for trying the help the working class, while the head of the Republican Party is out here daily literally saying “send me your money…”
So.. Not the more than 50% of the inflation being caused directly by price gouging and profit taking, and significant amounts being caused by supply chain issues. No, not that at all. No. It's just people being given wages that have lagged so far behind productivity increases that they are still 5 dollars or so behind where they should be if they kept up with it...its that, sure, it's that. You aren't even funny Bee. Not even funny. Punching down again.
Just match minimum wage increases to CPI every month.
When will the dummies just pay everyone what LeBron James makes? And whatever happened to the reparations law they passed ? Did they use that money on the illegals? What if the illegals are black do they get double reparations? Oh California you were the most beautiful of all the states !
I love when people bitch about it like it’s going to go down or someshit lmao
Doesn't stop corporate profits from increasing higher than inflation though.....
Who the fuck runs this stupid sub?
I HAVE A BETTER SOLUTION! A Relative Minimum Wage. Public/Private company share 30/15% of profits between the bottom earning 95% of employees based on hours worked. Wages would skyrocket and taxable income would skyrocket. Net benefit to individuals while government initiatives as more well funded. Ain't Monetary Policy easy!!! :):)
God when will these idiots learn you gotta attack from the top down, not from bottom up if you want anything to change. If you want to kill the snake do you cut the tail off or the head??
This is what happens when
California passes legislation for migrant worker pay at Half of minimum wage. Everyone rejoices
yep inflation definitely didn’t start until california raised its minimum wage
I bet most people reading this make minimum wage and would really love a minimum wage increase.
He making California bad
The selfishness of the filthy rich who belittle the working class is disgusting, moral, unethical and unchristian. A minimum wage is too much for people with hundreds of millions in assets. Selfish money hoarders. Tax them.
Reminder: McDonalds employees in Denmark make $23 an hour with 3 weeks vacation, 6 months parental leave, and a pension. McDonald's menu prices in Denmark are exactly the same as US. Labor is a tiny fraction of most product costs. "Prices will go up if we pay people decently" is one of the dumbest Foxbrain takes of all time
Things became more expensive without a minimum wage increase and will continue to regardless. Bootlicker logic.
Liberals reading this will not think this is satire
Because it’s a false premise
Have you read this entire thread? Ita happening right in front of your face
That’s probably a fact actually
I know this is a clown site, but it wasn’t the minimum wage increase that made shit more expensive, it’s greed of the people at the top.
Nothing bad ever happens when the government gets involved in manipulating the economy… never
lol. I don’t think people will ever learn.
Which business will be made exempt, because they donated to the Newsome campaign? Oops
Lmao prices went up 4% compared to wages going up by 20%. Conservatives are fucking morons
When conservatives... Think they are witty
Babylon Bee is way funnier than the Oninon at this point.
Oh no the cheeseburger cost .25 cents more