General A thread to discuss and follow the incoming inflation bomb

[Hauler]

Why Aren't Wages Keeping Up? It's Not The Economy, It's Management

Why haven't wages kept up in this explosive economy? It's not an economic problem, but rather one of management. CEOs and CFOs have to realize that in today's service economy, people are an investment, not an expense.

www.forbes.com

I agree with most of that. People are an investment and it's SOOOO much easier to pay people what they are worth rather than deal with turnover and the bottom-of-the-barrell bullshit.

But assuming business owners will do the right thing is a bit foolish. They are driven by greed and the Art of More.

I don't know what the answer is, but forcing higher wages on owners isn't the answer. Small businesses get squeezed out and while large corporations might see their direct labor costs increase, the multiplier that dictates profit margin doesn't move.

How about a nation-wide profit sharing plan? ? Wait - Is that Socialism?

 

[Shinkicker]

robber baron

If true, I think you are required to have that under your screen name.

 

[member 1013]

If true, I think you are required to have that under your screen name.

I was lying, I’m a janitor. I wanted to impress @Hauler and @Cody

 

[Shinkicker]

I was lying, I’m a janitor. I wanted to impress @Hauler and @Cody

I don't believe believe you.

Annnnd I think you are planning a forum grab. I think you are secretly giggling about the 'admin' tag thinking we have no idea of your nefarious plans!

 

[member 1013]

I agree with most of that. People are an investment and it's SOOOO much easier to pay people what they are worth rather than deal with turnover and the bottom-of-the-barrell bullshit.

But assuming business owners will do the right thing is a bit foolish. They are driven by greed and the Art of More.

I don't know what the answer is, but forcing higher wages on owners isn't the answer. Small businesses get squeezed out and while large corporations might see their direct labor costs increase, the multiplier that dictates profit margin doesn't move.

How about a nation-wide profit sharing plan? ? Wait - Is that Socialism?

*revolutions on @Hauler and the wealthy class*

 

[Hauler]

No they are not inflationary yet

Probably right, with "yet" being the key word.

Most of the inflation we are seeing is supply based which was triggered by a labor shortage. While better, the labor shortage is still here...but the additional wages will 100% find their way to price tags.

 

[member 3289]

List of things @Hauler opposes:

- pay raises
- trade unions
- Employer-matched 401Ks
- employee lunch times that exceed 30 minutes
- providing medical and dental insurance
- maternity leave
- vacation time
- sick leave
- any type of PTO

 

[Hauler]

*revolutions on @Hauler and the wealthy class*

LOL @ my name and "wealthy" being in the same sentence.

 

[Hauler]

List of things @Hauler opposes:

- pay raises
- trade unions
- Employer-matched 401Ks
- employee lunch times that exceed 30 minutes
- providing medical and dental insurance
- maternity leave
- vacation time
- sick leave
- any type of PTO

False claims on everything but "trade unions"

 

[member 1013]

Probably right, with "yet" being the key word.

Most of the inflation we are seeing is supply based which was triggered by a labor shortage. While better, the labor shortage is still here...but the additional wages will 100% find their way to price tags.

Most of it is price gouging because everyone can just claim “supply chain issues.” ?

 

[member 1013]

LOL @ my name and "wealthy" being in the same sentence.

You got the stonks

 

[Hauler]

Most of it is price gouging because everyone can just claim “supply chain issues.” ?

Supply/Demand imbalances can certainly feel like price gouging, but it's not the same thing.

 

[Hauler]

You got the stonks

I dabble.
But I sold my best stonk right before it moonshot. Otherwise we'd both be racing our yachts around a private island right now.

 

[member 1013]

Supply/Demand imbalances can certainly feel like price gouging, but it's not the same thing.

No there are legitimate supply and demand imbalances but there’s also a lot of opportunistic price gouging going on. You’re fooling yourself if you think otherwise.

 

[Hauler]

No there are legitimate supply and demand imbalances but there’s also a lot of opportunistic price gouging going on. You’re fooling yourself if you think otherwise.

I didn't say there wasn't any at all. Of course there is. People are opportunistic assholes. But with commodities, they go to the highest bidder. They are worth exactly what people will pay. If the supply isn't there, it basically turns into a bidding war and each sale becomes the new market price. That's not really gouging.

Gouging would be selling bottled water for $20 / bottle after a catastrophe where people are in dire straits.

 

[member 1013]

I didn't say there wasn't any at all. Of course there is. People are opportunistic assholes. But with commodities, they go to the highest bidder. They are worth exactly what people will pay. If the supply isn't there, it basically turns into a bidding war and each sale becomes the new market price. That's not really gouging.

Gouging would be selling bottled water for $20 / bottle after a catastrophe where people are in dire straits.

It must be exhausting always simping for big corporate

 

[Hauler]

FYI - lumber has a rally going right now that mirrors weekly increases that we saw during last year's insanity.

Fucking price-gouging Canadians.

 

[member 1013]

FYI - lumber has a rally going right now that mirrors weekly increases that we saw during last year's insanity.

Fucking price-gouging Canadians.

Disgusting

 

[Hauler]

It must be exhausting always simping for big corporate

Again. False.

I hate big corporations and illegal monopolies that our gov't has allowed to devour this country, but I'm also a realist and accept how things are.

 

[The Big Guy]

It’s funny because I’m on your side here and you side with haulers reganomics.

I love @Hauler and I dont know what your argument is about. But I wont let you bully him

 

[member 1013]

Again. False.

I hate big corporations and illegal monopolies that our gov't has allowed to devour this country, but I'm also a realist and accept how things are.

I’m a commie now and radical

you are a big corp apologist

 

[member 1013]

I love @Hauler and I dont know what your argument is about. But I wont let you bully him

We’re not even really arguing, I’m just a passionate advocate for change today, usually I’m more resigned to our dystopian reality like @Hauler

 

[Hauler]

I’m a commie now and radical

you are a big corp apologist

Sticks and stones.
I'm a realist, you hippy.

 

[member 1013]

Sticks and stones.
I'm a realist, you hippy.

I’m wearing a tie die suit today

 

[Hauler]

We’re not even really arguing, I’m just a passionate advocate for change today, usually I’m more resigned to our dystopian reality like @Hauler

Change is only good if it works.

Our system is broke. Infinitesimal vertical growth is the expected norm with big corporations. We have people with so much money they are building phallic-inspired rockets so they can go to space.

You don't fix that by raising the minimum wage to $15. Or $20. Or $40.