4 ms·

Similarly, I bought last Sept in Nashville, TN and Zillow says my house is up 13.5% already. The Nashville housing market is especially ridiculous, it's one of

Similarly, I bought last Sept in Nashville, TN and Zillow says my house is up 13.5% already. The Nashville housing market is especially ridiculous, it's one of the hottest in the US. > Relatedly, a ~70 year old woman bagged my groceries today and I doubt she's doing it for fun. Seems the accelerating wealth inequality is destroying our society/communities if it hasn't already. Let's not forget about the error in extending unemployment and benefits that the current administration passed. We should all hope and petition that a 4th stimulus check does NOT go out (inflation). The fact of the matter is, these policies are keeping a lot of the lower income workers out of the job market because they are still making more off unemployment than going back to the workforce. I estimate, this imbalance in the market will correct in September when these benefits end.

cammikebrown 5y ago
A bunch of states have ended the benefits, and it turns out the free market didn’t magically correct itself. https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/23/ending-unemployment-benefits-early-may-not-be-having-desired-effect.html https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/23/end...
dlivingston 5y ago
In contrast, those companies that are offering $15+/hour wages are seeing applications through the roof. [0] I don’t mean to discount inflation, as it will likely be an increasing issue in the immediate future [1]. But it’s very clear that the issue isn’t unemployment stipends: it’s the low wages of working class jobs that are the issue. Unemployment and the pandemic seemed to just be the push for many people to realize their worth as human beings is more than $7.50/hour. [0]: https://www.washingtonpost.com/business/2021/06/10/worker-shortage-raising-wages/ https://www.washingtonpost.com/business/2021/06/10/worker-sh... [1]: https://www.axios.com/ceos-warn-inflation-alarm-sound-da5e2dcf-af16-4ca4-a1de-bdd03fbbe775.html https://www.axios.com/ceos-warn-inflation-alarm-sound-da5e2d...
_nothing 5y ago
I'm confused at your invocation of that quote. Are you saying the solution to this woman having to work a job she doesn't like is to force low income workers to work jobs they don't like? And the flood of low income workers who have no choice but to work these jobs will alleviate wealth inequality?

cammikebrown 5y ago

A bunch of states have ended the benefits, and it turns out the free market didn’t magically correct itself. https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/23/ending-unemployment-benefits-early-may-not-be-having-desired-effect.html https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/23/end...

dlivingston 5y ago

In contrast, those companies that are offering $15+/hour wages are seeing applications through the roof. [0] I don’t mean to discount inflation, as it will likely be an increasing issue in the immediate future [1]. But it’s very clear that the issue isn’t unemployment stipends: it’s the low wages of working class jobs that are the issue. Unemployment and the pandemic seemed to just be the push for many people to realize their worth as human beings is more than $7.50/hour. [0]: https://www.washingtonpost.com/business/2021/06/10/worker-shortage-raising-wages/ https://www.washingtonpost.com/business/2021/06/10/worker-sh... [1]: https://www.axios.com/ceos-warn-inflation-alarm-sound-da5e2dcf-af16-4ca4-a1de-bdd03fbbe775.html https://www.axios.com/ceos-warn-inflation-alarm-sound-da5e2d...

_nothing 5y ago

I'm confused at your invocation of that quote. Are you saying the solution to this woman having to work a job she doesn't like is to force low income workers to work jobs they don't like? And the flood of low income workers who have no choice but to work these jobs will alleviate wealth inequality?