I've heard tale that conservatives are slamming Biden already for killing jobs. Everyone understands this stuff is propaganda right?
Every economic win in the Trump era started years ago and ended because of his coronavirus failures.
Have a look yourselves: https://tradingeconomics.com/united-states/gdp
The Trump economy was the Obama economy. Other than overburdening our federal debt load, he didn't do anything substantive for American jobs. Let's stop pretending Joe Biden is somehow going to kill jobs.
@wildgrass
Trump might be an idiot but handing out 1.9T and pushing for a $15 minimum wage are great ways to cause run-away inflation and high unemployment.
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@quackquack saidHow so? Federal spending is 21% of GDP as is.
@wildgrass
Trump might be an idiot but handing out 1.9T and pushing for a $15 minimum wage are great ways to cause run-away inflation and high unemployment.
As for minimum wage, I understand why it makes sense for companies to pay people less than it costs to live and why they are lobbying so hard to not fix it. It saves them money right? With a social safety net like ours, their below the poverty line workers can apply for food stamps and Medicaid.
I'm not sure the Federal government should be mandating wages. But could we have a policy in which you have to pay your full time employees enough money to keep them out of poverty (i.e. so they don't have to apply for federal assistance)?
By one estimate McDonald's could pay living wages and not lose any profits/employees if they raise their cheeseburger prices by 20 cents.
@wildgrass saidIf McDonald's could profitably raise the price of a cheeseburger by 20 cents they would have already done so. To think that McDonald's could make so much more revenue that they could pay for higher wages is clearly ridiculous.
How so? Federal spending is 21% of GDP as is.
As for minimum wage, I understand why it makes sense for companies to pay people less than it costs to live and why they are lobbying so hard to not fix it. It saves them money right? With a social safety net like ours, their below the poverty line workers can apply for food stamps and Medicaid.
I'm not sure the Federal go ...[text shortened]... living wages and not lose any profits/employees if they raise their cheeseburger prices by 20 cents.
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@quackquack saidSeems like McDonald's CEO (who makes $18 million a year BTW) doesn't agree with you: https://www.restaurantdive.com/news/mcdonalds-ceo-chain-will-do-just-fine-with-higher-wages/594182/
If McDonald's could profitably raise the price of a cheeseburger by 20 cents they would have already done so. To think that McDonald's could make so much more revenue that they could pay for higher wages is clearly ridiculous.
@no1marauder saidMcDonald's will do fine because a huge increase in the cost of labor will lead to higher unemployment and inflation which will crush their competition. McDonald's can also cap expenses by replacing low-skill labor with technology. But I'm sure you can "fix" your economic mistakes with more illogical economic policies like continually increasing unemployment, having more crisis-style unemployment payments and/ or permanently giving money to individuals who refuse to work.
Seems like McDonald's CEO (who makes $18 million a year BTW) doesn't agree with you: https://www.restaurantdive.com/news/mcdonalds-ceo-chain-will-do-just-fine-with-higher-wages/594182/
@quackquack saidThe cost of labor in our country is artificially depressed by federal spending programs. Businesses need to step up and offer living wages to employees so the government does not need to provide supplemental assistance. If that results in higher prices for burgers and groceries I think it is worth it. Why should businesses be allowed to use federal assistance to pay for their employees' groceries?
McDonald's will do fine because a huge increase in the cost of labor will lead to higher unemployment and inflation which will crush their competition. McDonald's can also cap expenses by replacing low-skill labor with technology. But I'm sure you can "fix" your economic mistakes with more illogical economic policies like continually increasing unemployment, having more ...[text shortened]... isis-style unemployment payments and/ or permanently giving money to individuals who refuse to work.
@wildgrass saidThere is a limit to how much certain jobs are worth. You simply cannot be expected to support a family if you are a cashier at Mcdonald's. We have free education in this country. It is time to expect people to develop marketable skills; not expect business to overpay for low-value jobs or the government to pay for people who refused to develop skills.
The cost of labor in our country is artificially depressed by federal spending programs. Businesses need to step up and offer living wages to employees so the government does not need to provide supplemental assistance. If that results in higher prices for burgers and groceries I think it is worth it. Why should businesses be allowed to use federal assistance to pay for their employees' groceries?
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@quackquack saidhttps://www.nytimes.com/2020/05/08/opinion/sunday/us-denmark-economy.html
If McDonald's could profitably raise the price of a cheeseburger by 20 cents they would have already done so. To think that McDonald's could make so much more revenue that they could pay for higher wages is clearly ridiculous.
"Starting pay for the humblest burger-flipper at McDonald’s in Denmark is about $22 an hour once various pay supplements are included. The McDonald’s workers in Denmark get six weeks of paid vacation a year, life insurance, a year’s paid maternity leave and a pension plan. And like all Danes, they enjoy universal medical insurance and paid sick leave.
One reason Denmark was more effective than the United States in responding to the crisis is that no Dane hesitated to seek treatment because of concerns about medical bills."
If only you had access to this information . I guess there is no internet where you live. Only Fox.
EDIT: Last i checked, McDonalds still was open in Denmark. They should be closing any day now, if what you say is true and they just can't possibly make enough revenue to sustain these wages.
@quackquack said"There is a limit to how much certain jobs are worth."
There is a limit to how much certain jobs are worth. You simply cannot be expected to support a family if you are a cashier at Mcdonald's. We have free education in this country. It is time to expect people to develop marketable skills; not expect business to overpay for low-value jobs or the government to pay for people who refused to develop skills.
Yes. And what limit you put on a the worth of a human giving you a day of labour says what kind of society you are. Americans have decided that working 8 hours a day shouldn't be enough to not starve. That one should put 12 hours or 16 and work themselves to death to support their family. Denmark has decide that 8 hours is enough, regardless of what one's job is. That one deserves to live in dignity if one works 8 hours a day (or even less).
"You simply cannot be expected to support a family if you are a cashier at Mcdonald's"
Depends which country. Depends which decade.
An american could put themselves through college with minimum wage. A factory worker wage was enough to own a house, support a family and have the wife not working. Not today of course. A while back. Way back.
"We have free education in this country. "
You have some free education in your country and it's worthless.
" It is time to expect people to develop marketable skills; "
Yes, because there are plenty of high paying jobs waiting for each and every American. If all McDonalds workers, all janitors, all amazon serfs just decide to "develop marketable skills" i am sure they will have high paying factory jobs in the factories that keep closing, construction jobs on the infrastructure you keep postpone upgrading, lawyers and doctors and CEO's.
Though, to be fair, if indeed all these workers you and asholes like you consider unworthy were to "develop marketable skills" and just leave the garbage piling up in your offices, or your dildos you ordered from amazon undelivered or the walmart shelves empty you will quickly change your tune.
Buddy, you're an ashole.
@quackquack said"McDonald's will do fine because a huge increase in the cost of labor will lead to higher unemployment and inflation which will crush their competition. "
McDonald's will do fine because a huge increase in the cost of labor will lead to higher unemployment and inflation which will crush their competition. McDonald's can also cap expenses by replacing low-skill labor with technology. But I'm sure you can "fix" your economic mistakes with more illogical economic policies like continually increasing unemployment, having more ...[text shortened]... isis-style unemployment payments and/ or permanently giving money to individuals who refuse to work.
Like it didn't do in Denmark
"McDonald's can also cap expenses by replacing low-skill labor with technology. "
ALL corporations are automatizing. The ones that don't have just decided the technology is not yet cheap enough to be more cost effective than paying some poor schmuck starvation wages and working him to death before the second job he is forced to take. As soon as that line shifts, they will fire their workers without a second though. Right now the US federal minimum wage is 7.25. When technology to automate process becomes cheaper, what will you say then? Let's lower the minimum wage even further so that the corporations don't fire their workers?
Saying that we should let corporations continue treating human beings like crap makes you a disgusting human being.
@wildgrass saidJohn Kerry said the Biden climate change plan does not cost anything. Do you believe that?
I've heard tale that conservatives are slamming Biden already for killing jobs. Everyone understands this stuff is propaganda right?
Every economic win in the Trump era started years ago and ended because of his coronavirus failures.
Have a look yourselves: https://tradingeconomics.com/united-states/gdp
The Trump economy was the Obama economy. Other than overburden ...[text shortened]... ything substantive for American jobs. Let's stop pretending Joe Biden is somehow going to kill jobs.
Has John Kerry ruled out a carbon tax?
@zahlanzi saidI wouldn't want to live in a place where people get paid $22/ hour for work that is worth a third of that in the open market. It prevents people from developing marketable skills or using their skills in a marketable way and forces others to pay for jobs that people don't produce their value. Perhaps someone like yourself would appreciate excessive pay for their low skilled work but I personally think that it is a large step in the wrong direction to implement such a system.
https://www.nytimes.com/2020/05/08/opinion/sunday/us-denmark-economy.html
"Starting pay for the humblest burger-flipper at McDonald’s in Denmark is about $22 an hour once various pay supplements are included. The McDonald’s workers in Denmark get six weeks of paid vacation a year, life insurance, a year’s paid maternity leave and a pension plan. And like all Danes, they e ...[text shortened]... ow, if what you say is true and they just can't possibly make enough revenue to sustain these wages.
@zahlanzi saidI have no fear that my job will be automated (sorry if you do) but we should welcome the efficiency of automation instead of fighting by forcing inefficient employment.
"McDonald's will do fine because a huge increase in the cost of labor will lead to higher unemployment and inflation which will crush their competition. "
Like it didn't do in Denmark
"McDonald's can also cap expenses by replacing low-skill labor with technology. "
ALL corporations are automatizing. The ones that don't have just decided the technology is not yet cheap ...[text shortened]... should let corporations continue treating human beings like crap makes you a disgusting human being.