Biden causing inflation by rewarding laziness

Discussion in 'Economics' started by the_gem, May 10, 2021.

  1. virtusa

    virtusa

    Most of them have no website. For real big jobs you receive an estimate of the cost.
    Minimum hourly rates are $72 an hour for the lowest qualifications. So you pay quickly over $100 for a decent qualified worker.

    I don't dictate any price, I hire them. In general these people have so much work that you have to wait weeks before they can come. So if you are difficult they just refuse you, as they have more job to do than time.

    We don't tip, by law all prices are ALL INCLUDED. The companies that send you these cleaning women are so desperate that they offer a company car for each cleaner they can catch. The demand for cleaners is much bigger than the offer. If you want one now you go on the waiting list till they can find a cleaner. Can take months before you will have one. Rates are never below $15.
     
    #41     May 12, 2021
  2. Sprout

    Sprout

    2716356A-7767-4D73-8AA5-604C475DB2A5.jpeg
     
    #42     May 12, 2021
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  3. Sprout

    Sprout

    3F9803EB-E12F-4F50-ACF8-C998F30D9B99.jpeg

    ^^^his twitter feed is fire
     
    #43     May 12, 2021
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  4. Sprout

    Sprout

    It exists and is called ‘corporate tax incentives’
     
    #44     May 12, 2021
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  5. RGLD

    RGLD

    Look with all due respect to you and Mr. Price, you do know Costso and Walmart business model is completely different right? I don't want to dig too deep into it, but Costco makes it's money selling memberships (even negative cash flow on some items) while Walmart is just a big store.

    And 15 an hour isn't going to hurt Walmart, Amazon, Costco or any of the big brands. It will however, put smaller businesses out leaving Costco/Amazon/etc as your only option. So this whole fight for 15 thing is just a cleansing of small businesses. Once they're your only option, they'll automate everything and throw their workers out on the street. Atleast it'll be good for their stock price eh?

    They should really put a "profit sharing" mechanic to stores. So if you're working at a small pizzeria, you'll be below minimum wage because they don't make much money. And if you're working at walmart you'd be making above. Probably a million issues with that idea, it can be ironed out.

    No, they went socialist when Hugo Chavez took over in 2000. Things started falling apart in 2013 after Maduro took over and oil prices tanked, they printed money and hyper inflation hit. But they enjoyed their 13 years of socialism (Thanks to high oil prices). Pre 2000 they were one of the biggest most profitable oil exporters in the world.



    Meh It's VOX, I wouldn't take everything they say too seriously, but they get the major points right. And it's the most well put together video I can find.
     
    Last edited: May 12, 2021
    #45     May 12, 2021
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  6. Turveyd

    Turveyd


    The issue there is the bosses for some reason, have the desire just for show to have more money than they ever need and there entire company centres around this, where as the other guy plays fair, pays fair and is happy just being a millionaire.

    Most want Billionaire Status, therefore increased min wage, just ends up with less staff, working the same job for slightly better money.

    Some where else went Socialist and collapsed recently?? not like USA and UK won't be following them into hyper inflation due to printing money soon, so can't be too critical about that.
     
    #46     May 12, 2021
  7. virtusa

    virtusa


    This small profit should be shared with a few people, so your example is not incomplete. Walmart should share with thousands of people.
    The profit should be calculated per person to have a fair comparison.
    If the profit of company A is 100 times bigger than the profit of company B, and company A has 200 times more people who share, company B will have more money (double) per person.
     
    #47     May 13, 2021
  8. RGLD

    RGLD

    The only problem with my idea is you would be paying people based on company profits and not skills. A small warehouse worker's only job is to move boxes for 15 an hour, while another worker at walmart does the exact same thing and gets more pay and more benefits.

    If that happens everyone will just apply to Walmart and those who don't get in would rather collection unemployment. People are gonna do people stuff.
     
    #48     May 13, 2021
  9. piezoe

    piezoe

    BY DEFINITION, there is no adult person whose skills, no matter how minimal, are not worth a living wage if the get up in the morning and work for eight hours and go home, 5 days a week.
     
    #49     May 13, 2021
  10. piezoe

    piezoe

    Well, lets not forget that money created by fractional reserve banking disappears when the loan is paid off. Is there a limit to how much credit a person can, or would want to, obtain? I would think so. Isn't it that limit that creates the short credit cycle in the economy? (See Dalio)
     
    #50     May 13, 2021
    Sprout likes this.