I just discovered that americans opose minimal wage laws to offset wage loses by inflation.
>>540355152Yes, because our Jewish overlords will not adjust wages accordingly. Meaning your wage will become just as worthless as a guy who never went to University or studied a trade.
there will be 2.5 billion africans by 2050.
>>540355152If wages are linked to inflation, the mandatory wage increases will not always be congruent with profit increases causing undue financial stress distrubuted inequally across the economy. Minimal wage laws cause more problems than are solved.
>>540356544Disgusting
>>540355152Minimum wage laws are opposed because they price out the least skilled, least experienced, lowest value and riskiest workers from the labor market thereby increasing unemployment. They also violate basic freedom of association.
>>540355152I oppose any minimum wage
>>540357266india's and china's population are shrinking but probably because india is currently colonizing the entire planet apparently.so yeah, 2.5 billion africans in about 25 years.
>>540357307shut the fuck up nigger
>>540357201>>540357307>>540357336>Wage stagnation for 40 years while inflation eats your purchasing power is better
>>540355152"Americans" don't oppose minimum wage. Billionaires, jews, employers, and the cattle who have been brainwashed by these groups are the ones who oppose minimum wage
huge chunk of americans got brainwashed by stuff like this: https://youtu.be/Z0xVojIYA-o
>>540357201Good lord you just parroted the most Jewish school of thought ever conceived. You REALLY think this is true? Are you forgetting that we’re all blobs of cells living on a ball in space? The “economy” is a human construct. Not universal, physical law.Enjoy your suffering, goy.
>>540357425if your work isn't worth more than minimum wage it's not my problem
>>540357201inflation is first and foremost a monetary phenomenon. Meaning that raising prices is perfectly harmless.
They worked really well for Canada, right? It’s not like your economy is in the shitter or anything.
Wow thats so weird its almost like having .001% of people have the ability to literally double the currency supply out of their own ass every single decade is the most heinously corrupt thing our civilization has ever come up with
>>540357608> inflation is first and foremost a monetary phenomenon. Meaning that raising prices is perfectly harmless.> raising prices is harmless relative to inflationHAHAHAHA leftoids are so funny man. You guys are such RETARDS it’s crazy lmfao.
>>540356409>Yes, because our Jewish overlords will not adjust wages accordingly. Meaning your wage will become just as worthless as a guy who never went to University or studied a trade.It's what happens here, you have ZERO incentive to climb the corporate later with shit employers, because minimum wage gets like +2% every other year, so you always end up going back to minimum wage level.
>>540355152what kind of loser makes minimum wage
>>540357943It's not just about people who make minimum wage retard, it's about people making slightly above minimum wage who will get reduced to minimum wage levels every time it gets reajusted.You'd have to work to understand.
>>540358126we're saying the same thing pierre
>>540356409Run the math.For you to earn 1970s minimum wage in terms of labour value today, you need to earn $150 per hour.Your degree earns you what, $25, $50?It's still slave wage.
>>540355152>tfw someone flipping burgers in the US makes 2.5x what a skilled programmer would make here>my pos government still keeps importing people to drive it even further to 0>now AI
>>540357425Inflation is one of the worst problems in society, but minimum wage laws won't fix it. The problem is the government creates money out of thin air to finance debt. Learn economics.
>>540358686how do you expect goverment to pay for welfare, and pensions and infraestructure?
Minimum wage is retarded because it puts immense downward pressure on wages near minimum wage. We’ve already proven that the market finds an appropriate low end wage evidenced by the fact that the majority of people don’t make federal minimum wage any more even in states without high minimum wage, but that was only possible after we inflated money enough that the market rate diverged from the federal minimum wage. Doing it federally also opens up a whole can of worms where HCOL, high population areas fuck things up for LCOL low population areas because the high pop states have more electoral pull and artificially drive up the LCOL wages to a level that local business can’t support. Fighting inflation by inflating minimum wage just gets you more inflation. The devaluation of labor by flooding the job market with infinity browns immediately after devaluing labor by pulling women into the work force is why your purchasing power sucks.
>>540358686Inflation is literally the root cause of every single issue in the USA. And by inflation I mean the real definition; the increase of money supply. Not the gas lighting definition of “prices go up”.
>>540358953do you realize the free market is pro open borders because indians are cheaper, right?
>>540358862Government shouldn't do any of those things, but if they do, it needs to be financed through taxation or usage fees for infrastructure. If they do create debt to finance these things, then it must be paid for with existing money, not by creating money out of thin air (monetization). Creating money (also called counterfeiting) to finance debt is causing the inflation problem.
>>540359208>libertarians ideal society is 18 century america
>>540359048agree
>>540359072Yes, obviously. Your point? I believe in markets, but I don’t think policy should be set up in ways that encourage the minimum effort decision at the expense of the populace. I’m not a libertarian. You’re a leaf, and likely a jeet, so I can see why you don’t see why these are linked. The same mechanism that drives employers to seek cheap labor is basically the same mechanism that would drive general wages to be sticky to an inflating minimum wage.
>>540359325If you look at the US government's own historical info on prices from 1800 to 1900, you will see the prices actually dropped on a hard money standard. If prices drop with "stagnant" wages, the amount of goods and services you can purchase actually increases over time. Wages would eventually come down, but your savings wouldn't change and labor prices are the "stickiest" in an economy.
>>540359570be honest.If you're an employeer, wouldn't you choose to pay 200 usd to an indian over 8k to an american?The real reason is that americans want thirld world prices.An iphone would be like 30k if made by americans at fair wages.
>>540355152minimum schmimum ... evict invaders from habitats and nationalize the businesses that employ them ... the labor market and wages with adjust in favor or workers in a weekend.
>>540357425Minimum wage jobs are supposed to be occupied by teenagers working their first jobs. If you're over 18 and you have a McJob that's your problem.
>>540356544>there will be 2.5 billion africans by 2050.2.5 Billion Nigger&Jew Rape-Spawn?Glory to ZOG...
>>540359325no switching channels when they tell us about the aliens, we pay them to keep us safe and they're spending it all fighting monsters we aren't even allowed to know aboutthere is no going back, the balance is gone, the cascading event to the end of us has already begunbut people still need higher wages, so you're going to have to just keep paying higher prices for whatever slop you enjoy the most until they put us all out of misery.
>>540355152Ok, but this is the politics board, not the business / finance board.Go away: >>>/biz/
>>540355152>>540357425>>540358862>>540359325>>540359671My nigga is dusting off the most ancient of memes, based oldnigga
>>540359208this is the exact opposite of the truthover 95% of the money supply is created by banks giving loans, not government spending. when so called loans are made, an agreement to repay with a schedule is signed, which is by law a promissory note, often used in corporate mergers etc. when making deals in the millions and billions etc. so, this note is sold almost immediately by the bank at less than face value, and traded on the market. this is where mortage backed securities come from, they are trading promissory notes based on mortages in that case. when loans are made so that already existing things change hands, nothing new is made but the money supply goes up. this creates a disparity between total amount of currency and actual goods and services in the economy, and when the disparity leans in favour of excess money supply, the result is inflation. so inflation is caused by the free market.https://www.youtube.com/watch?v=c8sN_hPHjgYthis guy had recently been on tucker carlson, though i never watched it because i don't like or trust tucker carlson.when the government creates money out of thin air to make things like roads, sewers, bridges, and the like, there is something actually added that aids in the commerce and or well being of society. you don't HAVE to give all the money to crooked somalians, etc, lots of countries seem to do just fine with their public spending. i think there is an inherently corrupt nature at work in most americans, and the people who feel magnetized to the place.i'm digressing a bit, but most often government spending on things like infrastructure pays dividends economically.
>>540355152Minimum wage is directly proportional to unemployment and that is its only real effect. It has no effect on median wages.
>>540356409Minimum wage employees in the 70's had the buying power of someone making 100k+ todayMinimum wage!>Walk in off the street>"Hello sir, I need a job">"You're hired">100k buying power in 2026
