General A thread to discuss and follow the incoming inflation bomb

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Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,673
59,562
So Biden is going to gin-slur his way through another national address this afternoon - this time about the economy.

Dude better get rid of this $300 benefit. Say something like "America - It's time to get back to work"

But he probably won't. Instead he'll coddle. And he'll pander. And he'll say some bullshit about "I know you're afraid to go back to work" and he'll probably leave it in place to some degree.

Meanwhile, most people "too scared to work" because of the virus are packing all the bars during the weekend.

Stop the madness.
 
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kneeblock

Drapetomaniac
Apr 18, 2015
12,435
22,917
I counted 7 "Now Hiring" signs on the way to work today. KFC, Donatoes, FedEx, an electrical contractor, a construction distribution company, the railroad and an Auto Zone. All of that in roughly a 5 mile stretch of road.

The answer is pretty simple. Stop me if you've heard this: Stop the unregulated unemployment benefit and completely cancel the $300/wk extra stimmy. NOW.

It's already too late to stop the inflation train, but they need to fix the issue before the economy completely eats itself.
Here's a counterpoint: low wage jobs can offer better pay and benefits that make serving a chicken wing or selling a carburetor in this time worth it. The inflation spectre is starting to sound like the usual hostage taking.
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641
Here's a counterpoint: low wage jobs can offer better pay and benefits that make serving a chicken wing or selling a carburetor in this time worth it. The inflation spectre is starting to sound like the usual hostage taking.
how so? I've seen server jobs in AZ offered as "multiple openings, $12-$18/hr, +tips"

private business can't compete with "something for nothing", and Pres Biden's solution seems to be to take more in for redistribution instead of removing the incentive for citizens to "do nothing".
 

kneeblock

Drapetomaniac
Apr 18, 2015
12,435
22,917
how so? I've seen server jobs in AZ offered as "multiple openings, $12-$18/hr, +tips"

private business can't compete with "something for nothing", and Pres Biden's solution seems to be to take more in for redistribution instead of removing the incentive for citizens to "do nothing".
I've seen the same jobs in PA offered at $8/hr so I suppose it's location dependent.
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641
I've seen the same jobs in PA offered at $8/hr so I suppose it's location dependent.
that's very odd...especially since I assume the jobs in PA are a higher Cost of Living...

don't get me wrong - I think this a prime opportunity for people to negotiate hard on their compensation. Like my uncle told me "get it comin in the door" :)

but I don't think employers are going to get any traction until the "reflation spigot" is turned off.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,724
56,229
how so? I've seen server jobs in AZ offered as "multiple openings, $12-$18/hr, +tips"

private business can't compete with "something for nothing", and Pres Biden's solution seems to be to take more in for redistribution instead of removing the incentive for citizens to "do nothing".
I was talking to a guy on the weekend offering 25 bucks an hour and can't get hires. Granted, he also struck me as someone aderalled to the moon and a bullshitter.
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641
I was talking to a guy on the weekend offering 25 bucks an hour and can't get hires. Granted, he also struck me as someone aderalled to the moon and a bullshitter.
i know large truck frame fabricator, they're paying welders $70/hr. Now the pay is so high that most of the welders only work 3 days a week.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,673
59,562
Here's a counterpoint: low wage jobs can offer better pay and benefits that make serving a chicken wing or selling a carburetor in this time worth it. The inflation spectre is starting to sound like the usual hostage taking.
I don't really care what they are being paid. If it needs to increase then it needs to increase. What we can't have is people just being cool to collect a free handout.

Eventually, the market sorts itself out. If $20/hr becomes the new entry point for low skilled labor, then that's what it is. Eventually the prices will increase and that $20 will go about as far as their $15 is going today.

A gutted supply due to Gov't meddling is no-bueno.
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641
I don't really care what they are being paid. If it needs to increase then it needs to increase. What we can't have is people just being cool to collect a free handout.

Eventually, the market sorts itself out. If $20/hr becomes the new entry point for low skilled labor, then that's what it is. Eventually the prices will increase and that $20 will go about as far as their $15 is going today.

A gutted supply due to Gov't meddling is no-bueno.
but what about all the doctors, nurses, architects, etc?

we don't actually increase the value of low-skilled jobs by printing money or increase minimum wage (effectively the same thing, IMAO).
we just devalue all the improvements that others have made in their life and career skills.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,673
59,562
but what about all the doctors, nurses, architects, etc?

we don't actually increase the value of low-skilled jobs by printing money or increase minimum wage (effectively the same thing, IMAO).
we just devalue all the improvements that others have made in their life and career skills.
The wage gap will always be there, imo. It wouldn't happen overnight, but eventually they would see the same % gap over the burger flippers that they have today. Although they won't be "banking" any additional money because everything will cost more for them too.

That's why I find the min wage argument dumb. It doesn't "fix" anything.
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,641
The wage gap will always be there, imo. It wouldn't happen overnight, but eventually they would see the same % gap over the burger flippers that they have today. Although they won't be "banking" any additional money because everything will cost more for them too.

That's why I find the min wage argument dumb. It doesn't "fix" anything.
it fixes the presence of that annoying middle class.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,673
59,562
it fixes the presence of that annoying middle class.
Meh. We're fucked anyway.
Whatever money the Middle Class has left over is taken by the gov't.

Upper high society makes enough money that they can hire lawyers to make sure the gov't takes as little as possible.
 
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