I'm not paying $20 for a burger lmfao those cunts can go out of business

The prices of certain services from sectors with a shortage of workers going up does not automatically mean that prices will go up across the board. It only means that some underpaid folks like burger flippers and delivery guys will improve their relative position and that some businesses which were overreliant on cheap labor go out of business.

You're making it sound as if huge unions which represent 40% of the entire labor market just signed a collective bargaining agreement which raises wages by 10% per year... that kind of situation will spill over into all other sectors of the economy and trigger broad inflation. Some burger flippers and box pushers won't. If there is a long-term inflation risk, it's coming from reckless government spending, not from some long overdue wage gains.

Also, we have no idea how long this squeeze will last. It might be all over in a few months once covid subsides for good.

Dis u

not exclusively, but its the main reason and while i agree that wages for a lot of people were too low, many go to the other extreme and think they are engineers

a lot of businesses cant keep up with joe throwing generous handouts at everyone straight from the money printer

right now the states have the ultimate recipe for disaster

unironically accurate

how do you explain the ever increasing income inequality gap? companies such as Walmart and Amazon that make insane bottom lines proportionate to the amount they actually pay their workers/pay their taxes is truly astonishing. these are the vampires that suck all of the blood from the turnips that could be feeding middle income families

those companies were allowed to function basically unhindered since March 2020 whereas most other companies (small biz, mom and pops, smaller chains etc.) were not

the public by-in-large completely supported this. “You dont need to shop local you could kill someone. shop online only”

You don't need huge unions to be making these decisions for the prices to go up across the board. Around where I live, not even 2-3 years ago people were making like 11-12 bucks an hour at places like McDonalds. Now most fast food places are offering 15+ and struggling to find any one willing to take those jobs. The real min wage around here is around 17-18 nowadays for someone that's not a high schooler. So that's a 25-35% wage increase in a few years and it's not enough. I would be okay if some of these low paid positions received a 20-30% boost to their wage but those companies products prices only slightly went up, but that's not the case. I rarely eat fast food, but I was shocked when I went to McDonalds a few months ago. Meals you could buy for 7-8 bucks are now like 12 bucks. You know who mostly eats at these types of places? Low-Middle class people, so like I said, self cannibalizing inflation that didn't really do much for those people to begin with.

The price inflation is the huge driver of why the wage inflation needs to follow. The price inflation is in part caused by massive government interference distorting the market.



Raising prices on burgers and gasoline is not something the ultra rich are worried about. Those are poor people problems. You want to help with inequality? Have big tech pay more in taxes. Those are the winners of the last 10 years who are raking in tens of billions in profits while government action has only served to kill off small businesses.




This post was edited by ofthevoid on Sep 12 2021 09:44am

Walmart and Costco had the same business model for many years before covid. Somehow Costco was able to pay its employees on average $7 more per hour, probably because their executives are not blood sucking leeches like at Walmart.

Wal-Mart could add 40k to every employees salary and would still be profitable.