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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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LOL.
Low end positions going from barely over the federal minimum and are now paying $15, but labor costs didn't skyrocket. I'd love to meet your math teacher so I can slap them for failing you so hard. And do you think corporations are going to be benevolent and just absorb those costs if they don't have to? If the employees are demanding a wage increase, that increase is going to come in the form of increased prices to consumers, along with a little extra bump for themselves. Whether you think that's right is irrelevant. It's going to happen, you can't change that, and it's not going to change. There isn't a world where corporations aren't going to increase wages and just absorb those costs out of the kindness of their hearts. It's just not going to happen.
Never said they didn't. Both things can happen, you know. Labor costs skyrocketed. They just decided to make their corporate profits skyrocket at the same time and just blame the labor costs. Doesn't mean labor costs didn't skyrocket.
Not if the costs of cereal and milk skyrocketed even faster. That's what happened. People got the pay raises they demanded. Corporations and landlords just retaliated by jacking up prices and rents even more. You can demand all the wage increases you want. But as long as corporations can respond with even bigger price hikes, no amount of pay will give you a living wage.
If you want to solve the problem, the solution is to start hauling CEOs before congress and making them explain their skyrocketing profit margins to the American people. Put some teeth to price gouging laws. Put heavier taxes on corporate profits that are above pre-pandemic percentages. But if you just demand increased wages while doing nothing about what's going on on the other end, you're going to wonder why you can never make ends meet no matter how much money you make.
You didn't listen to a goddamn word. Just repeated your propaganda harder.