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Biden reportedly regrets ending re-election campaign and says he’d have defeated Trump
(www.theguardian.com)
this post was submitted on 29 Dec 2024
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politics
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Because they got what they wanted. What you fail to take into account is that companies and corporate landlords simply responded by jacking up prices and rents which basically nullified the benefits. What do you think is going to happen if wages got jacked up to $25? The same thing. Corporations and landlords would just jack up prices even further to increase their profits and nullifying the gains that the increased wages bring. And the cycle continues and continues.
If you want to break that cycle, start dragging corporate CEOs into hearings and making them answer why their profit margins skyrocket faster than inflation. But if all you're going to do is demand increased wages while doing nothing on the other side, you're just going to ensure that the cycle will continue forever. No amount of wage increase is going to actually improve anybody's financial situation if they're going to do nothing about corporations simply raising prices and landlords raising rents even further in response.
People could demand that government raise the federal minimum wage to elevety billion dollars an hour. Won't matter so long as corporations continue to respond by increasing prices by eleventy trillion just because they think they deserve more profit.
This is a fair point. I live in New England, and that's where rates are right now. My daughter works as a greeter at a Chuck-E-Cheese and makes $17 an hour. To stand there and stamp kids' hands. If you expect quality workers who will actually stick around for more than a few days, you need to start at $20. Minimum. That's just the reality around here. And for what it's worth, it really doesn't matter. Corporations and landlords just jacked everything else up in response when the wages started rising. Apartments in the shitty parts of town that used to go for $600 a month are now in the $1500-$2000 range. Plenty of people around here were better off when wages were half of what they were now simply because those wages at least went further. I'm not saying that they were good by any stretch of the imagination, but a person making $10 an hour ($400 a week, $1600 a month) and has $1600 in expenses is still doing better than someone making $3200 a month but has $3500 worth of expenses. And that's pretty much where we are now.
$15 an hour was a living wage before the pandemic. The problem isn't the wage. It's that the cost of living just went up even faster, and our government is unwilling to start hauling CEOs before Congress and demanding that they justify their inflated profit margins. Haul a few CEOs before congress, make them explain themselves (especially now, with the looming threat of someone else going full Luigi on their ass), and watch greed-flation suddenly become passe.
Exactly what damage is that, and how does allowing Trump to return to power help in any possible way?
And exactly what laws are those?
Oh, come on now. This is the most ridiculous take I've ever heard. Not everything is political persecution or election interference. Talk about looking for a scapegoat. Stop sounding like Trump.
Ah, yes. The both-sides-ism. Because Biden absolutely was going to enact a national abortion ban, kill off the Department of Education, gut social safety net programs, deport a bunch of brown people. And Trump is going to actually create jobs, cancel student debt, pardon cannabis users.....
Yep. Both sides are exactly the same. Yesirreee.....