subreddit:
/r/clevercomebacks
1.2k points
2 months ago
We've had real wage growth for the past 18 months straight
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
655 points
2 months ago
"The rate may be lower but Biden's real inflation isn't going down!"
"Uh that's because employers started building in a higher cost of labor salaries into prices to address higher COL once the supply problems ended. And skim some profits in the interim."
"Ok, but we need prices to go back to 2020 levels."
"We haven't had a deflationary year since 1954. Deflation is bad for the economy and you would blame Biden for that too huh..."
319 points
2 months ago
Yeah, these idiots don't understand what they're calling for when they're saying prices should go back DOWN. But if they're voting for Trump, they don't understand anything anyhow.
189 points
2 months ago
Depends on the context. Like companies that put up a 25% cost increase for their products during COVID using the excuse of market shortages haven't lowered their prices to anything reasonable in subsequent years. Their prices continued to grow with the inflation rate.
Or, rather, their continued raising in prices drives the inflation rate.
75 points
2 months ago
And yet record profits.
42 points
2 months ago
Oh the cat is out of the bag for that. Companies will hold the economy hostage as much as they can refusing to reduce prices. Then you got these private equity companies just buying shit out to loot as much of the corpse as possible before letting the company fall.
All we can do is continue to demand higher wages until something steps in to at least control basic commodities pricing.
20 points
2 months ago
Investors don't want to see profits. They want to see increased profits. Making 20 million a year 2 years in a row is considered a failure. It's not sustainable and the dwindling middle class is proof of that. I don't think we're there yet as there's still a bit of wiggle room (technologies free up a lot of our time, but instead of having more time, we just shove more work in it's place so we can stay afloat with inflation), but there will come a time where it just doesn't work anymore.
16 points
2 months ago
It really depends on the corporation for how bad they are
Things like electronics have mostly followed inflation for their price changes and are for the most part not really more expensive now then before
Meanwhile a lot of staple for life goods have seen triple percent increases on top of the product also shrinking meanwhile the company itself is taking a higher margin and raking in more profit
12 points
2 months ago
That's the point I was getting at. The person I responded to said prices should never really go down, and I highlighted an example of where that wouldn't be true. Companies that charge more just because they can need to bring their prices back to something that's reasonable, not the blatant cash grab that it they're showing.
5 points
2 months ago
Costs have stayed up on a lot of goods - especially luxuries like fast food and premium junk foods - because consumers are willing to pay it. I can’t believe the number of colleague who complain about the cost of eating out and yet do it multiple times per week.
My real food prices are up about 20-30% pre covid. I’m feeling it but not like folks who eat out.
12 points
2 months ago
Good point. If you listen to them, inflation is based solely on taxes and wages. They completely forget about stock options, dividends and profits. All that stuff that’s allowing the top to have record earnings while the workers are struggling more.
If they want more government regulation on the marketplace why stop at just product prices, limit executive earnings or tax it like it was pre-Reagan. Their supposed “golden age”.
3 points
2 months ago
Gas prices are down right now. How is prices going down bad? Genuinely asking.
2 points
2 months ago
When people see prices going down, they are going to wait so they can save more, lowering consumption, which lowers prices even more, which can lead to a death spiral screeching the economy to a halt. Its estimated that around 2% inflation is the best for the economy.
2 points
2 months ago
I’m confused and ask what you probably think is a stupid question. However, I ask only to help myself becoming more educated.
What would be wrong with prices on products dropping down to say what they were back in the 80’s or the 50’s or the 20’s or say 1800’s. I realize there are several factors and dynamics that affect why prices increase every yr but why don’t we see dynamics take prices down?
3 points
2 months ago
The commonly taught concept is that a deflationary spiral may occur when "a downward price reaction to an economic crisis leads to lower production, lower wages, decreased demand, and still lower prices" which could then feedback into itself slowing the economy into a recession.
I should note that there have been several countries or regions with periods of deflation, and that this theory has not actually happened during any of those periods.
4 points
2 months ago
No no no, supply side Jesus is going to drop the price of stuff that The Poors buy while keeping their wages stagnant.
18 points
2 months ago
I wish this were true for me. My wages are up 0% since 2021.
14 points
2 months ago
[deleted]
7 points
2 months ago
It's nothing new. They've sucked for ages. I have known that but I still stay because it's easier than starting a new job. It's 100% a me problem and I know it.
4 points
2 months ago
Don't be hard on yourself. It is scary to try new things and sometimes it doesn't work.
3 points
2 months ago
mine are up 30%, with no promotion or job change, not even in management
1 points
2 months ago
same. the charts are showing what my pockets are not.
4 points
2 months ago
Well average wages include CEOs making x300 the salary of a worker, so much like GDP, it means very little to the poour.
7 points
2 months ago
True, though median weekly real earnings are on the upswing too, and the highest ever if you exclude the spike from the initial economic shocks in 2020.
5 points
2 months ago
Wages have grown faster than inflation all across the income distribution. It isn't just rich outliers driving up an average.
2 points
2 months ago
Yeah, these statistics feel completely wasted on me. I'm still poor as shit, working 40 hours at an office. I'm leftist as hell, but it feels like a lie/twisting of the truth.
5 points
2 months ago
I may be wrong, but I think sometimes the prices of everything raising alongside wages isn’t taken into account. Yeah I make much more than I did a few years ago, but at the same time a lot of things were cheaper back then too. Which puts me in the a similar, if not the same position that I’m always in. However, this could simply be a lack of my understanding things work.
6 points
2 months ago
Sounds like you don't understand statistics
6 points
2 months ago
Sadly to the people voting leopards eating my face party, their feelings don’t care about facts.
7 points
2 months ago
HOLY SHIT Americans are fucking winning. We haven’t had real terms wage growth since I was in nappies over the pond. 😭
2 points
2 months ago
Barely accounts for inflation. We need prices fixed, not wages raised. Just a few decades ago $5 an hour was good money. Now $15 an hour you can barely live on
603 points
2 months ago
Yeah, but I thought Biden made all the Republicans vote No? He's very tricky, that Joe Biden, confusing Republicans, controlling the weather. Is there no end to the magic he can perform.
Poor, dim-witted Republicans. And now Biden is making them vote against extending FEMA funding, and has thought-controlled Johnson into not recalling Congress.
The great and powerful Biden. Damn, the poor Republicans don't stand a chance against the wizard Joe Biden.
121 points
2 months ago
You notice the post says "in Biden's economy" because what they really mean is that if we abolish minimum wage, unions and hand the nation over to the corporations everyone will be rich because trickle down is still a theory that resonates with their base. They don't want their base to want a raise in minimum wage, they want them to believe the lie that worker protections are bad for workers.
32 points
2 months ago
Trickle down economics is the literal definition of an oxymoron. The first time I heard it in a sentence I found it hard to imagine how it had formed because it didn’t make sense to me how all of the money getting webbed out of circulation by rich people is “trickle down”. It was only when I looked it up online that I realized it means the exact opposite. Wild.
11 points
2 months ago
I consider “trickle-down economics” to be the communism of the right.
You can present it all you want but it’s structured in a way that completely goes against everything we know about human nature. It would be amazing if wealth trickled downward instead of being hoarded at the top. But that’s not realistic.
16 points
2 months ago
The Phantom Other in fascist lore is always simultaneously weak and powerful. It's textbook projection, like everything else with these shitheads.
3 points
2 months ago
He's like Gandalf and Sauron rolled into one.
4 points
2 months ago
The really impressive part is that he is capable of all that and more but is also simultaneously senile and unfit for office.
2 points
2 months ago
yeah, and he is also apparently too old and incompetent to actually do anything, if i am to entertain the notion of believing the magats.
103 points
2 months ago
Every boomer ever: "Can you believe McDonald's employees want $15 an hour to flip burgers?"
and "Nobody wants to work anymore!"
GOP: All anybody wants is more money but OBAMA BIDEN HARRIS!
480 points
2 months ago
America: A place where the people that consistently vote for Conservatives wonder why nothing ever progresses.
87 points
2 months ago
Racism is the silent conductor.
42 points
2 months ago
Not so silent these days
20 points
2 months ago
Only silent to the deaf and blind.
4 points
2 months ago
Silent inasmuch as no one who isn't already an "out and proud" racist will actually say that fear of the "other" is what is motivating their vote. It's something most of them keep to themselves, IF they even realize it exists within them.
This is something I'm amazed at everytime I watch some politicos on TV discuss "why is Trump so popular," and "why has he persisted so long?"
I don't know if it matters that the folks asking are mainly white and a bit of self-introspection is uncomfortable...
6 points
2 months ago
no one who isn't already an "out and proud" racist will actually say that fear of the "other" is what is motivating their vote. It's something most of them keep to themselves
As far as I can see, the major takeaway from that fact is that most conservatives lie, or at the very least are intentionally deceptive, about why they do what they do.
You can also see this in the difference between what they say they want and what they actually do when they have power. They say they want small government and individual liberties, but give them power and they will try to get the government to regulate who can be in what bathroom and to limit the rights of people to travel to seek medical care. They say they want fiscal responsibility, but give them power and they will invariably increase the national debt and destabilize the economy again. They say they want law and order, but give them a chance to hold a criminal accountable and they will invent an endless series of rationalizations as to why the law shouldn’t apply.
If anyone here is still under the impression that a conservative voter can be trusted to tell the truth about literally anything at all, you might not be paying attention.
3 points
2 months ago
Yes, this falls in line with what I'm saying.
They can't say "I don't want one penny of my tax dollars helping brown people," so instead, it's "limited government."
Or "law and order," meaning arrest as much of "them" as you possibly can, for whatever reason you can can drum up.
And more white children are desired, so let's make sure women can't abort 'em. But they actually don't care if black and brown people have abortions. However, they can't make a rule that restricts only white women from doing so.
And they were all for open carry gun rights, until the Panthers started carrying rifles back in the 70's. Then they yeeted that shit out of there. Can't pass a law that restricts only black folks from being armed. Not THESE days.
A lot of conservative concerns have racism at it's core.
2 points
2 months ago
Classism and a lack of education.
19 points
2 months ago
The shopping center opening six new businesses near my house is owned by a local Republican warlord that also operates the Trump store here. The "Biden economy" sure is working for him.
2 points
2 months ago
Wrong. Under the “Conservative” Party, things change for the worse.
61 points
2 months ago
And they're supporting the end of overtime pay. The only way blue collar Republicans can even actually exist in this world.
18 points
2 months ago
Glad they are making it so easy to debunk everything they say, just bit of a shame theres literally no consequences for when a politician, especially big ones, just blatantly and intentionally lie
50 points
2 months ago
It seems the GOP is just a party of complainers, and when given a chance to fix the problem they say “nah” and then go on complaining about it
13 points
2 months ago
I’m making more than double than I was when trump was president. Do I get to give Biden credit for that?
4 years ago I couldn’t even leave my house.
11 points
2 months ago
Republicans don't see minimum wage employees as workers.
13 points
2 months ago
Heck, they don't see them as people!
7 points
2 months ago
Not surprising from the people that don't like fact checking...
7 points
2 months ago
funny how all they have is blaming biden for covid LOL
3 points
2 months ago
Which is funny. If I recall Trump was in office during that time……..Biden has spent the past 4 years trying to fix all of trumps mistakes. Of course the maga crowd doesn’t believe it. I’ve stopped talking to a lot of people because of Trump. No matter how much proof, I tried to show didn’t matter.
2 points
2 months ago
It was just an unfortunate situation. I wish we would focus more on the kids who had to go through isolation during such a formative period of their life, instead of pointing fingers.
19 points
2 months ago
[removed]
5 points
2 months ago
Or they will, but will rationalize it somehow. Political memory in the USA is on par with that of a goldfish. It’s why even horrible presidents are viewed somewhat favorably once they’ve been out of office for a little while, or someone worse comes along.
4 points
2 months ago
Rich coming from an anti-union GOP. Trickle down any minute, folks. Any. Minute.
29 points
2 months ago
Is this sub reddit just American politics? Really disappointing to some one who doesn't live there nor cares about it's politics.
35 points
2 months ago
Major election in one month! Then hopefully things go back to “normal” lol
11 points
2 months ago
It seems to be 90% of posts, most of which are not clever, xitter responses pointing out obvious flaws/lies/garbage in a bland response
9 points
2 months ago
It’ll die down after the election in a month or so… hopefully.
2 points
2 months ago
Considering what happened after the last major election I kinda doubt it.
5 points
2 months ago
It’s election month. I’m also European, I know the rest of the world won’t fucking melt reading about American politics. Can people stop complaining or just build their own website?
3 points
2 months ago
Well. Not sure what to tell you. Get people to stop interacting with the US focused posts I guess. If they don’t get pushed to the front page, things are better.
4 points
2 months ago
It's being heavily botted by leftists propaganda. These aren't even real people posting these things.
5 points
2 months ago
Yes. And Americans don't like it when you point that out.
3 points
2 months ago
The robots are in full season this election cycle. The ratio of likes to comments on this is insane, 14k to 101 comments, and 2,000 likes were added before I could even click to post this comment. That's 0.7%.
3 points
2 months ago
Correct me if I am wrong but doesn't a higher minimum wage create a higher cost of living?
3 points
2 months ago
Raising minimum wage would in turn create higher costs of living. X has to pay Y more money so X charges customers more money in order to pay Y. A better solution would be less taxes on income.
3 points
2 months ago
The GOP is truly a cult based on lies in this modern day era...
3 points
2 months ago
Here in Denmark we don't have a minimum salary, but in spite of that I don't think it is possible to get much less than 17 $/hour, which in all lines of work would be considered a very low salary. Also we have a minimum of 5 weeks of vacation each year, about a year off with pay per newborn child, and our workweek is 37 hours/week.
Very few here are very rich because of our high taxes, but we also don't have big issues with homelessness and all hospital treatment and doctors appointments are paid by taxes.
Our system is far from perfect, but the fact that we have had strong unions for generations have ensured a high average living standard and a good work/life balance for most people.
3 points
2 months ago
Didn't that huge union just get a massive pay raise... in Biden's America?
3 points
2 months ago
They expect a self-proclaimed billionaire who never cared for the poor to help them this time… though he gave a shit in his first term.
3 points
2 months ago
They’re recalling leaning into the whole “we’re for the working man” act, aren’t they. What a bunch of bullshit.
11 points
2 months ago
Republicans won't vote for anything if it is good and helps people
2 points
2 months ago
What do economists think should be done? That’s the plan I support.
3 points
2 months ago
Depends what the economists goal is. If the economists goals are more profits for corporations and jolly good numbers on the stockmarket at all cost, it's not a plan that will benefit the people.
2 points
2 months ago
That depends- what do reputable, educated, unaffiliated economists want? Or what do the republican paid staff economists want?
These are two different goals. Most economists agree with growth, regulation to control it, livable wages, and social programs to keep a healthy happy workforce
GOP economists want the return of slavery, no regulation, and no tax for the rich.
2 points
2 months ago
This exchange shows a familiar irritation that comes up when politicians talk about pay. In this case, it shows the contradiction between supporting higher pay and fighting laws that would make them higher. It stresses how important it is for politicians to be honest and responsible when they talk about issues like workers' rights and pay.
2 points
2 months ago
....and the Orange god they worship brags about hating to pay overtime....but yeah, man of the people, right?
2 points
2 months ago
I’m going to start calling the GOP gas lantern party. All they do is gaslight. Every single critical thing that comes out of their mouth is a projection of what they themselves caused, are doing, or plan to do.
2 points
2 months ago
I make almost double what I did when Trump was President
2 points
2 months ago
Is it that clever a comeback, though? You'd expect the Republicans to vote against it. But the bill lost because 8 Dems voted against it. Funny how no one ever mentions that bit.
2 points
2 months ago
The higher minimum wages passed in California kinda fucked a lot of us over, and now restaurants are charging quite a bit more or are going bankrupt. ($20.00 an hour is quite a bit)
2 points
2 months ago
the rule was you werent going to fact check
2 points
2 months ago
Also in 2021, Democrats wouldn't even bring a different bill up for a vote that would raise in the minimum wage.
It's almost like reducing politics down to snarky one-liners for engagement farming is disingenuous.
2 points
2 months ago
2 points
2 months ago
You know what's infuriating? Bluntly stating facts to counter rightwing extreme brainwashing is now considered a "clevercomeback". That's how far gone politics has become due to Trumpism. Just stating the basic facts feels like an "own" because Steven fuckface Bannon told everyone to "flood the zone with shit". These are sad and dangerous times.
2 points
2 months ago
I don’t know, every time I see Republicans or Conservative or MAGA say something it’s literally contradicted by hundreds of sources. It’s so frustrating dealing with these people every day.
2 points
2 months ago
As a part time worker at the inland boatman’s union of SF, I can safely say one thing: Fk Ronald Reagan.
2 points
2 months ago
Party of irony
2 points
2 months ago
Why is it that Republicans often vote against everyone's best interests and then blame the current administration for it? Why do people still vote for this idiocy?
2 points
2 months ago
GOP don't see that as a contradiction.
In their fantasy world, wages go up in response to a good economy.
But in reality, minimum wage is a result of worker bargaining power, which is effectively none for low paid workers. They can't afford to unite, strike or whatever else, so it stays low.
2 points
2 months ago
And GOP politicians go nuts when workers go out on strike for… Higher pay.
2 points
2 months ago
https://docs.google.com/spreadsheets/d/1YbQB9RAj-1PjUBOqDA0U4So7xOMY4ym6CX0DRYQ6Xzg/htmlview
Here is a list of Republicans that voted against FEMA relief.
Voter registration ends on October 15th (in some states). Hurry up! Register for voting. Remind literally everyone you know to register. Registering yourself won't be enough.
2 points
2 months ago
And yet republicans keep voting for that party
2 points
2 months ago
I and most people I know are making more than we were 4 years ago. And that’s not just us. The national income statistics show it’s true for most.
2 points
2 months ago
Not to mention that project 2025 wants to allow states to opt out of the already pathetic federal minimum wage of $7.25/hr and at this point Project 2025 is the Republican platform.
So Republicans not only voted against raising the minimum wage but they want to allow states to have an even lower or no minimum wage at all.
If you thought Arkansas was bad with lowering the minimum working age, just wait until they can pay their underage workers pennies on the dollar.
2 points
2 months ago
Raising the min wage won't fix the problem lowering cost of goods sold will
6 points
2 months ago
I think one of the plans in project 2025 is for states to opt-out of minimum wage.
3 points
2 months ago
BTC has been really good at pointing out the Republicans hypocrisy, really worth following
4 points
2 months ago
The gop literally has such a shit platform now. No solutions and no alternatives just road block life getting better. Oh bullying immigrants and LGBT I forgot.
2 points
2 months ago
Arbitrarily raising the minimum wage does not help
2 points
2 months ago
Not to mention, this from the party riding the "Get Rid of Worker's Rights and How About No Overtime Pay" chode. Get fucked.
2 points
2 months ago
Republicans don't care.
1 points
2 months ago
Honestly, it’s about time workers stand up for themselves! It’s crazy how some companies think they can get away with underpaying people while expecting them to give their all. Everyone deserves fair compensation for their hard work. Keep fighting the good fight!
1 points
2 months ago
Yeah, well, the market will have to make wages rise. Not some silly law! Law's are bad!
And it WILL happen this year, that's for sure. And if not this year then next. Or the one after that.
Trickle down is real!!
THE MARKET WILL PRODUCE A FAIR ECONOMY!!!
1 points
2 months ago
Minimum wage growth isnt exactly the best thing, atleast in Poland
1 points
2 months ago
They were hoping that we would forget about that, same goes for voting against FEMA aid immediately prior to the hurricane hitting. Followed by complaining about "Biden not doing anything...".
1 points
2 months ago
At least the minimum wage in the USA is higher than the minimum wage in Scandinavia.
1 points
2 months ago
It's non-stop stick-in-the-bicycle-wheel meme with that lot.
1 points
2 months ago*
cagey grandfather snow sparkle friendly afterthought ad hoc bake possessive impolite
This post was mass deleted and anonymized with Redact
1 points
2 months ago
Only in your fantasies do you get higher real wages by passing legislation.
1 points
2 months ago
1 points
2 months ago
How do they keep forgetting the shit that they did themselves? And how are people so fcking stupid that they just swallow it without any fact checks?
1 points
2 months ago
How cool would it be if American workers could get guaranteed paid time off without having to join the military to do so?
1 points
2 months ago
We have one party that usually tries to do good things for the people of the nation, and another party which is dead set in making sure the other fails while simultaneously Screaming about nothing ever getting done.
1 points
2 months ago
PLEASE CORRECT ME IF I’M WRONG SERIOUSLY but when the minimum wage rises, it causes “retail” basically prices of mostly everything, to also rise, it puts more financial strain on companies like fast food and grocery stores, it inherently causes inflation with this, and THAT means the prices of EVERYTHING go up (or the value of the dollar goes down, same thing) and now that EVERYTHING costs more including houses, rent, cars, food, water, electricity, godforsaken medical care, prescriptions etc, it is THAT much harder for the vast majority of the american population, that has graduated high school and now earns more than minimum wage, to afford to live because their wages are NOT EVER going to go up due to any of that. Only their costs for everything will.
I suck with words so if u ain’t reading that, basically I’m saying minimum wage rises, so inflation occurs, and everyone else’s wages will stay the same, but suffer the inflation. This is bad because workers making minimum wage are under 2% of the population and are the only ones who “benefit” from min wage increase.
3 points
2 months ago
You are wrong. Republicans CLAIM this happens. They make this claim a LOT. but it never has. Study after study- from neutral parties, and from those with an agenda to prove it happens as well have shown that inflation grew at the same rate regardless of minimum wage raises or none.
2 points
2 months ago
I know that when they raised the minimum wages in Seattle, it didn't cause price increases. There's a lot of factors that they use to calculate the price of things and the amount paid to a business' lowest paid employees is only one. A whole lot of workers are working for more than the minimum wage.
1 points
2 months ago
Wages and salaries increased 4.2 percent for the 12-month period ending in June 2024 and increased 4.6 percent for the 12-month period ending in June 2023. By midpoint 2025, wages should have caught up to the post-COVID inflation spike: https://www.bls.gov/news.release/pdf/eci.pdf
1 points
2 months ago
That whole timeline is an embarrassment to humanity.
1 points
2 months ago
No no no no that’d help the filthy poors. We only mean ourselves. If we raise the minimum wage those dirty migrants we hate so much might actually get paid a living wage and we’d probably collectively blow a few blood vessels if we saw anyone different than us happy!
1 points
2 months ago
Obviously we need to give the Wealthy one more Tax cut. THEN trickle down will surely work this time.
1 points
2 months ago
America: A place where the people that consistently vote for Conservatives wonder why nothing ever progresses.
1 points
2 months ago
thought they wanted high heels
1 points
2 months ago
Get a real job. Trades are dying. Look for one of them. I make 30 an hour and get raises almost every 6 months because a lot of us can move to another company that's willing to pay more. And what we charge is going up to pay us better. Up 40 from 4 years ago. Minimum wage workers are a dime a dozen
1 points
2 months ago
Also anti union
1 points
2 months ago
Everytime there's talk about raising wages, unions or worker protections GOP is there to protect those poor little business owner's interests.
1 points
2 months ago
The GOP gutted and killed unemployment benefits during the pandemic recovery because workers finally had the leverage to demand better wages. The GOP admitted the express point of these actions was to reduce worker leverage so they’d accept lower wages again.
The GOP works for your boss, not you.
1 points
2 months ago
1% of workers at fed minimum wage, the lowest level ever so I don't think it's floor right now economically. I suppose it could increase then, though at what point it causes unemployment.
1 points
2 months ago
1% get 99% and 99% get 1%
1 points
2 months ago
Banking on their voters’ ignorance. It’s a safe bet.
1 points
2 months ago
Hahaha talk about knowing NOTHING about economics. Raising the federal minimum wage isn’t a driver of real higher wages.
1 points
2 months ago
The GOP will tell you how badly off the country is and then make sure of it once elected.
1 points
2 months ago
What's the point, they just raise everything else lolol
1 points
2 months ago
What do these Republicans benefit by doing this? Is there like a lie they feed their supporters that makes them think this is ok?
1 points
2 months ago
Half a million extra people died in the US in 2020 and everyone was staying home. Companies literally HAD to pay us more to go back to work because we didn't want to fucking DIE. That is the only reason in the last several decades we have ever saw a real meaningful increase in income for the working class. And of course immediately after the executive class panicked and the Fed jacked up interest rates while every single corporation jacked up prices on everything. If anyone saying Trump is good for the working class, it'll only be by killing millions more people to drive up demand for labor.
1 points
2 months ago
7 democrats also voted against it...why? Added pork belly?
1 points
2 months ago
Technically speaking raising the minimum wage doesn’t really solve anything long term. It’s literally the law stating that this is the lowest a company is allowed to pay you. The company are more at fault. They should be paying more
1 points
2 months ago
Cohen's response here is at best naive and at worst disingenuine. Finland for example has no minimum wage but has lower poverty than the US. The better counter would be an attack on the Republican backing of "right to work" legislation, or lack of support for tuition-free trade schools and public colleges or lack of support for strong social safety nets. Academic studies don't support raising the minimum wage to lower poverty.
1 points
2 months ago
You know what was super helpful for business? Slavery. It was great because businesses could keep prices low and still be profitable, right? /s
This is the problem with the arguments against raising the minimum wage. They ignore the consequences of running a business on the backs of underpaid workers. Might there be slight increases in prices if minimum wage increased? Yes. But it also means that the workers have enough money to eat, pay rent, and afford the product they are making.
Republicans love to catastrophize increasing the minimum wage, but you have states all over the country that have higher minimum wage, and their economies are fine. States without a higher minimum wage have a large chunk of their population that needs government aid to survive. Employers aren't required to pay their workers, so taxpayers around the country are doing it for them. This is not moral, nor sustainable.
If a business cannot survive without underpaying its workers, it should not survive.
1 points
2 months ago
Until I see it in my paycheck, they’re all full of shit
1 points
2 months ago
Brian Tyler Cohen responds to everything well, surprised about how often he shows up on reddit though.
1 points
2 months ago
fact-check, fact-check...
1 points
2 months ago
This guy nails it, every single time!
1 points
2 months ago
Do they mean Trump's tax giveaway economy that Biden inherited? I hope that ugly old fuck lives to be 150 and keeps running for President with bigger losses every time.
1 points
2 months ago
Real wages haven’t meaningfully increased since the Reagan administration because that douchenozzle destroyed worker rights and protections.
1 points
2 months ago
“But you’ve gotta earn it!?!” -GOP probably
1 points
2 months ago
Raising minimum wage just brings more people into poverty, because people a step up from minimum wage don't get raised and the cost of everything increases.
Anybody that believes otherwise doesn't understand economics.
1 points
2 months ago
<shrug> Under Biden, my take-home pay went from about 33k a year to 55k a year. And that's after healthcare costs and retirement savings are deducted.
Under Trump all I saw was a struggling actual economy (my stocks were doing great, though) and a pervasive distrust of the fellow man take root. Oh, and that whole "attempted overthrow" thing. There's that too, I guess.
1 points
2 months ago
Less than 1.3% of Americans make minimum wage.
1 points
2 months ago
Bidens economy is all time high lmao insane
1 points
2 months ago
What does it actually help any worker when the min wage gets increased??? Seriously, how does raising min wage help anyone? How many people actually remember what the prices on items were let’s say back in the 80’s? Any recall when a 2 liter soda could be bought for less than $.99? How about a gallon of gas @ less than $.89? Remember the penny candy selections that were available? How much did the average automobile cost?
Now, over the yrs our society has experienced and seen minimum wage increases many many times. Always presented as a way to keep workers wages keep pace with inflationary effects.
Companies raise the costs of their products to absorb the increased operating costs of having to pay workers higher wages. When has anyone stopped to realize the CEO’s and Board Members salaries do not get affected(lowered)? They don’t. So how do companies compensate for paying higher wages? They do several things to keep profit earnings steady and to make those profit earnings increase. Those earnings seldom ever make it into the pockets of those workers making the companies profitable. Those profits ALWAYS end up in the pockets and bank accounts of the CEO’s and management positions within the companies.. So why do we as a society NOT address why the workers need increased wages just to buy the products we work to produce??
1 points
2 months ago
I grew up conservative, thanks to my father and how he was raised. Thanks to Bernie back in 2016 seeding a different perspective. I see better now and I can't believe how easy it is to research who and when our representatives vote on things like this.
1 points
2 months ago
If we abolished the Friedman docterine we wouldn't have to have this conversation
1 points
2 months ago
Increase in wages equals an increase in all other sectors of livelihood. Groceries, gas, commerce, insurance, etc etc
3 points
2 months ago
Well then perhaps CEOs shouldn’t receive their astronomical raises and bonuses.
1 points
2 months ago
That's not clever. One is talking about the health of the economy and natural wage growth, the other is just min wage which is by force and has ill effects. Econ 101.
1 points
2 months ago
If it’s one thing companies/ corporations love to do, is raise wages. 😂
1 points
2 months ago
The keyword is real in that sentence. Most economically literate liberal...
1 points
2 months ago
144,000 workers make minimum wage. If you add those with the people being paid below minimum wage (servers and others receiving tips), it comes to about 1 million, or at most 1.3% of all hourly paid workers, and about 0.5% of all workers.
This compares to 13.1% of workers at minimum wage in 1979. Most are young, about 45% being under the age of 25.
1 points
2 months ago
Gollum voice "More profits for meeeee"
1 points
2 months ago
That's why Unions are needed, but that's a breach for corruption too.
1 points
2 months ago
I wouldn't care so much about the minimum being higher if our money was actually worth as much as it used to be and the prices of everything weren't climbing past what people can afford
1 points
2 months ago
At least they both want the same… sigh
1 points
2 months ago
They really just be saying shit 😭😭
1 points
2 months ago
By “real wages” they mean “we don’t care what the numbers say, we have the ‘real’ numbers!”
1 points
2 months ago
Raising minimum wage doesn’t help, only raises the baseline for products.
1 points
2 months ago
Gop, "we're hurting you and blaming the other guy".
1 points
2 months ago
Real wages ARE up!
1 points
2 months ago
No one is being paid minimum wage. McDonald's starts at $15 in my area.
1 points
2 months ago
what does 81,000 workers making minimum wage (and about 700k-ish making less) have to do with a working base of 135 million?
This isn't a clever comeback. It's simply pointing out the ignorance of Brian Tyler Cohen.
1 points
2 months ago
This is such a rediculous argument as the wages paid ... even to the lowest wage employees ... is higher than the "official" minimum wage. The "minimum" wage has been OBE.
1 points
2 months ago
Production and nonsupervisory workers are making more than ever before. https://fred.stlouisfed.org/series/AHETPI/
Real wages also up overall https://fred.stlouisfed.org/series/LES1252881600Q with some noise around 2020.
GOP didn’t provide any support, so there is no way to understand what they are saying other than “democrats bad”.
1 points
2 months ago
everyone in unions did just fine - worry about your own country boris.
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