Quote (Black XistenZ @ 12 Sep 2021 07:59)
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.
Several issues with this post, but I'd just like to point out the glaring lie: 40% of "the entire labor market" is NOT unionized. Only 6.6% of the private labor market is unionized. 34.8% of the PUBLIC labor market (aka government workers) are unionized. As for the overall labor market, a grand total of 12.1% is unionized.
Regarding the OP: This has been happening off and on for the past year and a half. When laborers are paid not to provide labor at rates higher than their actual labor provides, and given rent-free housing for that same time-frame, their savings grows, and their need for work shrinks. It was a blast back in July watching every single apartment complex in the Portland Metro lose half+ of their tenants due to the end of the Eviction Moratorium. The best part is that those landlords could not give a poor referral to their tenants, nor could the tenants credit ratings be impacted by their use of over a year's free housing, so the tenants that one apartment lost, the apartments right across the street gained. Meanwhile, thanks to the unemployment benefits reaching and even exceeding $15/hour based on a 40 hour work week, to do nothing at all, what's the incentive to get back to work? Anyone who took advantage of the free money and free housing could easily have bankrolled upwards of $30K over the last year and a half. That's more than enough to provide a year's rent, utilities, food, clothing, etc. And that's just for an individual. Couples, those with children, etc. received far more.
Labor shortages are a natural result of unlinking the value of the currency from the goods and services the currency is supposed to represent, while simultaneously flooding the low end labor pool with excess cash. Bernie talked for decades about forcing private industry to compete with the government for labor. Both Trump and Biden actively implemented it. Why is it a shock that it's led to labor shortages, exactly?
Quote (inkanddagger @ 12 Sep 2021 07:17)
Right wingers keep saying that people sell their labor to an employer at an agreed upon wage, but then freak out when those same workers aren’t behind the counters working for less than they are willing to sell their labor. Whiny ass hypocrites.
Which "right wingers" are freaking out? Is Thor a "right winger" suddenly? "Right wingers" predicted this would occur, have been pointing out the dropping labor market participation rates, have been pointing out growing inflation and increased lack of services and products over the last year and a half. They aren't freaked out or shocked in any way. They've been pointing it out nonstop. It's not a surprise. It was a predictable outcome.
Quote (Jupe @ 12 Sep 2021 07:31)
I'm not paying $20 for a burger lmfao those cunts can go out of business
Agreed. Buying pre-made food is pretty terrible anyhow. Make your own burgers. It'll be cheaper, healthier, and taste better, and you'll end up burning a ton of the calories you consume between the preparation and cleanup, plus get exercise as well. Not sad or sorry that obese landwhales are finding it more difficult to remain landwhales.