3 ms·
I probably need to add this to the start for context; I say the following not because I don't think people should earn more, but rather that it's bad, rather th
by frankfrankfrank 5y ago
I probably need to add this to the start for context; I say the following not because I don't think people should earn more, but rather that it's bad, rather than good increases in wages, which will be eaten up by inflation almost immediately at this pace.
I just saw a notice on a fast-ish food place saying they will pay $3 more per hour than the last wage. So not only is poaching happening, this inflation is being baked in. For context that is ~$6,240 more annualized or $520 per month.
On the contrary, good wage increases would come from a restriction of the labor supply through things like a decrease in immigration. What is happening though is that the labor pool is now being flooded with quite literally millions of unskilled laborers on the southern border and soon enough even high skill sectors like tech will be flooded with foreign tech workers if the ruling class is able to pull it off and places like India and China, etc. don't put a stop to it in order to retain their talent rather than letting the US ruling class profit from their people.
- BuyMyBitcoins 5y agoUnfortunately, any proposal to reduce immigration is seen as morally evil.
- lupire 5y agoWhy do people currently south of the border deserve good wage increases less than you do? I see no reason.