captkirk said:

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crane said:

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I don't want everybody to get paid the same, I just want wages to keep pace with rising costs

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Start your own company and implement whatever pay policy you want

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He can't do that. Didn't you hear that a few corporations own EVERYTHING so there's no way he could start his own business. They won't allow their monopoly to be broken...

Ag with kids said:

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Wyoming Aggie said:

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deddog said:

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Wyoming Aggie said:

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Why aren't wages rising with "inflation"?

Simple.

GREED.

You have late stage capitalism where EVERYTHING is owned by a few corporations (we all know who) and they serve as pseudo monopolies. Less competition means they can charge and pay whatever they want.

---

Ridiculously naive explanation but explains so well why this country is so ****ed

---

Tell me how I'm wrong then. I'm always open to having my mind changed. This isn't a recent phenomenon, it's been happening since the 70's. Productivity, profits, everything has dramatically increased since the 70's with the exception of wages.

---

That has NOTHING to do with your bolded "explanation" above...Did you also notice that there have also been a large number of people entering the workforce since the 70s, too? So, more competition for employment keeps those wages lower..

BTW, name the FEW corporations that own EVERYTHING. You said "we all know who" so I'd like you to enlighten us.

---

You are replying to someone who does not realize that the largest employers are small businesses.

Wyoming Aggie said:

---

Why aren't wages rising with "inflation"?

Simple.

GREED.

You have late stage capitalism where EVERYTHING is owned by a few corporations (we all know who) and they serve as pseudo monopolies. Less competition means they can charge and pay whatever they want.

---

Nonsense

Wyoming Aggie said:

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deddog said:

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Wyoming Aggie said:

---

Why aren't wages rising with "inflation"?

Simple.

GREED.

You have late stage capitalism where EVERYTHING is owned by a few corporations (we all know who) and they serve as pseudo monopolies. Less competition means they can charge and pay whatever they want.

---

Ridiculously naive explanation but explains so well why this country is so ****ed

---

Tell me how I'm wrong then. I'm always open to having my mind changed. This isn't a recent phenomenon, it's been happening since the 70's. Productivity, profits, everything has dramatically increased since the 70's with the exception of wages.

---

I specifically have problems with Greed and Everything being owned by a few corporations.
The first is intellectually lazy.
The latter is demonstrably NOT true

Why aren't wages rising as fast as profitability? Fair question - different topic that deserves it's own thread.

Why aren't wages rising with inflation?
WTF should they? And how the **** will they?

Government is printing money recklessly.
Corporations actually have to produce competitive products and sell them in competitive markets where you are competing against companies that are subsidized and backed by their governments (e.g. China, India, Europe)

Successive US Governments, and especially Democrat governments repeatedly do things that are anti business to make US corporations less competitive - sticking it to corporations to make their dunce voting base feel good.

We've gone back to the higher corporate tax rates (Trump lowered them and it made a huge difference) | The Biden administration has a litany of things they've done against Oil, which is critical to the economy. Then you have biden visiting the picket lines at UAW. Seriously? A ****ing 4 day week and 45% raise? For companies that make **** cars? This is the surest way to ensure that the Big 3 will never ever be competitive. But who cares as long as you get Democrat votes and the UAW gets their pensions


And then you have legislations that have F!@@#@# most of the smaller corporations - Obamacare and Sarbannes- Oxley come to mind. SOX is horrendous, and worthless waste of time. Yes, Democrats will give the **** argument that regulation creates jobs. What it does is stifle innovation. Instead of producing product, we have to spend a ridiculous amount of time, keeping a gargantuan bureaucracy happy

The problem isn't corporations. The problem is government, and US companies are staying competitive inspite of government, not because of it. The problem is voters who vote for more government to stick it to corporations.

Close the border and strictly curtail legal immigration.

You'll reduce the workforce (removing the downward pressure on wages) AND limit demand for housing.

It's not the 1880s anymore.

crane said:

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10thYrSr said:

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crane said:

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The Modern day MAGA party and its ilk keep pushing me to the left with their nonsense

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You have to follow where you feel you are meant to go. No worries. Also, it is refreshing to hear from people feeling aggrieved. You are probably not going to hear what you want to hear here, but your feelings are valid and after some time you may have an epiphany. Maybe not, but I always enjoy engaging with folks with different opinions.

Honestly I share your stance on profits being passed to the workers. I wish that could be a reality.

---

10th yr I appreciate your civility on here. If more Americans were as open and respectful as you I believe our country would be 1000x better then where it's at. I wouldn't consider myself a liberal, definitely a McCain/bush republican. I can't in good conscience vote for the republicans until they clean up their party. Thankyou for your civility

---

Your posts don't indicate you are any sort of Republican. Sounds as if you want the Republican party to become more aligned with your thoughts and, if they did so, they would be democrats. You already have democrats to vote for.

Ag with kids said:

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Wyoming Aggie said:

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Why aren't wages rising with "inflation"?

Simple.

GREED.

You have late stage capitalism where EVERYTHING is owned by a few corporations (we all know who) and they serve as pseudo monopolies. Less competition means they can charge and pay whatever they want.

---

"late stage capitalism"

Is that something they teach in the marxism courses?

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Yep, then we get early stage communism with all of the murder and genocide which slowly goes to late stage communism with all the bread lines and poverty. We can only hope it happens soon!

Wyoming Aggie said:

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deddog said:

---

Wyoming Aggie said:

---

Why aren't wages rising with "inflation"?

Simple.

GREED.

You have late stage capitalism where EVERYTHING is owned by a few corporations (we all know who) and they serve as pseudo monopolies. Less competition means they can charge and pay whatever they want.

---

Ridiculously naive explanation but explains so well why this country is so ****ed

---

Tell me how I'm wrong then. I'm always open to having my mind changed. This isn't a recent phenomenon, it's been happening since the 70's. Productivity, profits, everything has dramatically increased since the 70's with the exception of wages.

---

When inflation hits inventories, profits, net worth, etc escalate along with it. It sometimes takes years for that to be sustained and passed along in the form of wages. Big profit taking a year or two in a row does not an economy make.
You willing to participate in the losses when that house of cards tumbles?

crane said:

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Its become very clear that inflation has kicked most Americans behind post Covid. But why is it that wages aren't reflected? Businesses keep posting record breaking profits,

• yearly profits are not a good method for comparison(re: were companies making up for previous shortfalls)
• what were their profits over time is a better metric
• ETA: it would be better to use %profit because inflation devalues the dollar so are these really record profits or just the insane inflation brought on by the idiots causing the problem.

expenses of every day goods, cars, homes, college etc… keep rising and they will never go back down.

• False, prices do dropWere There Any Periods of Major Deflation in U.S. History?
• Quote from the article,"One of the most dramatic deflationary period in U.S. history took place between 1930 and 1933, during the Great Depression. Deflation rarely occurred in the second half of the 20th century. In fact, the dramatic and consistent price increases from 1950 to 2000 has been unparalleled since the founding of the country. The most recent example of deflation occurred in the 21st century, between 2008 and 2009"

And yet wages have not reflected, how can the system keep running like this without collapsing

• Wage increases almost always trail increased profitability.
• we live in VERY uncertain times with predictions of another Great Depression so major companies plan (or make excuses) accordingly

https://www.marketplace.org/2023/01/16/why-your-paycheck-isnt-keeping-up-with-inflation/


Edit: and before I get the posts saying "people think they're entitled to make 100k/yr". $100k in 2023 is not the same as 100k in 1990 or 2000. You would need to be making nearly 200k to be equating the whole 100k nonsense

• I am not an economist but I personally believe a significant portion of our current inflation rate is due to the unheralded printing of money bumpy the Fed.
• They continue to print money AND increase interest rates which are not having the effect they sought. Increased interest rates are also fueling inflation

---

As I said I am not an economist so anyone who is more knowledgeable is welcome to correct me.

zoneag said:

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This thread is Hedge's way of trying to blame the private sector for the inflation that was caused by the government ballooning the money supply during the pandemic and post-pandemic. He also doesn't want to acknowledge that the open border he supports is suppressing wages as well by bringing in millions of cheap laborers. It's talking points ripped from the dumb ****s on reddit anti-work sub.

---

Don't know if he supports open borders but the point is well made and is a direct result of the corrupt, amoral, unethical and dishonorable Democratic Party leadership.

crane said:

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Trump was the one who ok'd the fauci shutdown,

• You are wrong
• Trump on lockdowns
  By April he was changing and by August was against lockdowns.
  Coronavirus: President Trump defends tweets against US states' lockdowns Published 18 April 2020
  
  • At his Friday briefing, he said some measures imposed by Minnesota, Michigan and Virginia had been "too tough".
  • Earlier, he wrote in a series of tweets: "LIBERATE MINNESOTA", "LIBERATE MICHIGAN
  
  Trump says nationwide lockdown would 'ultimately inflict more harm than it would prevent' PUBLISHED MON, AUG 3 2020
  
• President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good.
• He said the U.S. only initially shut down to prevent the overflow of hospitals and to allow U.S. health officials and scientists to learn more about the new virus, including developing effective treatments to fight it.
• While Trump said he would not shut down the U.S., he urged Americans to stay "vigilant" against the coronavirus as U.S. officials begin to see new "flare-ups."
He was a couple of months late in August but was starting to voice his disdain for lockdowns in April. The first known case of COVID in the US was in February.

PPP loans and covid loans.

• yes President Trump made mistakes
• Much of the loans were made to help prevent business from going bankrupt DUE TO INSANE SHUTDOWNS DONE AT THE STATE LEVEL.

Don't start

• Too late you started it.

---

Hoyt Ag said:

---

They are about to announce no bonus, raises or 401k match at my employer. Thats okay, our CEO got an $8mm raise this year, we have 5 jets in our fleet the execs get to fly around on, names on stadiums and theshareholders are happy. So I shouldnt be mad at all.

---

Sounds like the employees should start looking for a new company.

Is that not possible?

Threads like these continuously prove how ignorant progressives are about economics.

10thYrSr said:

---

crane said:

---

Its become very clear that inflation has kicked most Americans behind post Covid. But why is it that wages aren't reflected? Businesses keep posting record breaking profits, expenses of every day goods, cars, homes, college etc… keep rising and they will never go back down. And yet wages have not reflected, how can the system keep running like this without collapsing

https://www.marketplace.org/2023/01/16/why-your-paycheck-isnt-keeping-up-with-inflation/


Edit: and before I get the posts saying "people think they're entitled to make 100k/yr". $100k in 2023 is not the same as 100k in 1990 or 2000. You would need to be making nearly 200k to be equating the whole 100k nonsense

---

As far as wages go, that is a struggle. You would think that a company would pass earnings on to their workers, but if they are a publicly traded entity that would eat into profits which is the metric that people who control those companies use to define their worth to said company.

---

Why would you pass more money to employees when the employees have already agreed to the wages you're paying them? Employees aren't taking the risks, the investors are the ones taking the risk. They investors earned the rewards and their share of the profits.

crane said:

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Used to work for a small business when I graduated from college who didn't have any benefits and still paid like crap.

---

Why didn't you start your own small business that paid employees well and provided benefits? Why don't you do that now?

DarkBrandon01 said:

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I am very confused why conservatives keep saying people need to go back to work. The unemployment rate is 3.8 percent. It's at the lowest it's been in decades. People ARE back to work. But unfortunately this doesn't fit the "poor people are just lazy" agenda

---

Labor Force Participation Rate: Purpose, Formula, and Trends

Number Employed+Number Seeking Work)100/Civilian Non-Institutional Population

The definitions of Number Seeking Work can be key to understanding

Hoyt Ag said:

---

They are about to announce no bonus, raises or 401k match at my employer. Thats okay, our CEO got an $8mm raise this year, we have 5 jets in our fleet the execs get to fly around on, names on stadiums and theshareholders are happy. So I shouldnt be mad at all.

---

You can feel anyway you want but you agreed to a wage when you hired on and you can either honor your agreement or seek a new arrangement with your current employer or another employer. Getting mad and being envious of others isn't particularly productive.

DarkBrandon01 said:

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I am very confused why conservatives keep saying people need to go back to work. The unemployment rate is 3.8 percent. It's at the lowest it's been in decades. People ARE back to work. But unfortunately this doesn't fit the "poor people are just lazy" agenda

---

Conservatives on this thread aren't saying people are lazy, just that wages are tied to the supply of labor in the market and right now there is plenty of labor, otherwise wages would be increasing.

If you want wages to increase, grow the economy to increase demand for labor, or restrict the pool of labor (crossing the southern border).

richardag said:

---

crane said:

---

Trump was the one who ok'd the fauci shutdown,

• You are wrong
• Trump on lockdowns
  By April he was changing and by August was against lockdowns.
  Coronavirus: President Trump defends tweets against US states' lockdowns Published 18 April 2020
  
  • At his Friday briefing, he said some measures imposed by Minnesota, Michigan and Virginia had been "too tough".
  • Earlier, he wrote in a series of tweets: "LIBERATE MINNESOTA", "LIBERATE MICHIGAN
  
  Trump says nationwide lockdown would 'ultimately inflict more harm than it would prevent' PUBLISHED MON, AUG 3 2020
  
• President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good.
• He said the U.S. only initially shut down to prevent the overflow of hospitals and to allow U.S. health officials and scientists to learn more about the new virus, including developing effective treatments to fight it.
• While Trump said he would not shut down the U.S., he urged Americans to stay "vigilant" against the coronavirus as U.S. officials begin to see new "flare-ups."
He was a couple of months late in August but was starting to voice his disdain for lockdowns in April. The first known case of COVID in the US was in February.

PPP loans and covid loans.

• yes President Trump made mistakes
• Much of the loans were made to help prevent business from going bankrupt DUE TO INSANE SHUTDOWNS DONE AT THE STATE LEVEL.

Don't start

• Too late you started it.

---

---

Trump gets the blame as well:

Why did Trump allow Gain of Function research under his watch?




https://www.scientificamerican.com/article/u-s-lifts-moratorium-on-funding-controversial-high-risk-virus-research/

U.S. Lifts Moratorium on Funding Controversial, High-Risk Virus Research

December 19, 2017


https://www.thelancet.com/journals/laninf/article/PIIS1473-3099%2818%2930006-9/fulltext


Fauci was running the NIH

On Dec 19, 2017, the US National Institutes of Health (NIH) announced that they would resume funding gain-of-function experiments involving influenza, Middle East respiratory syndrome coronavirus, and severe acute respiratory syndrome coronavirus.

lb3 said:

---

10thYrSr said:

---

crane said:

---

Its become very clear that inflation has kicked most Americans behind post Covid. But why is it that wages aren't reflected? Businesses keep posting record breaking profits, expenses of every day goods, cars, homes, college etc… keep rising and they will never go back down. And yet wages have not reflected, how can the system keep running like this without collapsing

https://www.marketplace.org/2023/01/16/why-your-paycheck-isnt-keeping-up-with-inflation/


Edit: and before I get the posts saying "people think they're entitled to make 100k/yr". $100k in 2023 is not the same as 100k in 1990 or 2000. You would need to be making nearly 200k to be equating the whole 100k nonsense

---

As far as wages go, that is a struggle. You would think that a company would pass earnings on to their workers, but if they are a publicly traded entity that would eat into profits which is the metric that people who control those companies use to define their worth to said company.

---

Why would you pass more money to employees when the employees have already agreed to the wages you're paying them? Employees aren't taking the risks, the investors are the ones taking the risk. They investors earned the rewards and their share of the profits.

---

No company would unless they start losing employees to others who will pay more. I don't agree with the employees not taking risks...I think that's an overly broad statement because in many jobs employees can make big impacts on profits.
But in short, to use simple economics term...'pay is sticky'.

BluHorseShu said:

---

lb3 said:

---

10thYrSr said:

---

crane said:

---

Its become very clear that inflation has kicked most Americans behind post Covid. But why is it that wages aren't reflected? Businesses keep posting record breaking profits, expenses of every day goods, cars, homes, college etc… keep rising and they will never go back down. And yet wages have not reflected, how can the system keep running like this without collapsing

https://www.marketplace.org/2023/01/16/why-your-paycheck-isnt-keeping-up-with-inflation/


Edit: and before I get the posts saying "people think they're entitled to make 100k/yr". $100k in 2023 is not the same as 100k in 1990 or 2000. You would need to be making nearly 200k to be equating the whole 100k nonsense

---

As far as wages go, that is a struggle. You would think that a company would pass earnings on to their workers, but if they are a publicly traded entity that would eat into profits which is the metric that people who control those companies use to define their worth to said company.

---

Why would you pass more money to employees when the employees have already agreed to the wages you're paying them? Employees aren't taking the risks, the investors are the ones taking the risk. They investors earned the rewards and their share of the profits.

---

No company would unless they start losing employees to others who will pay more. I don't agree with the employees not taking risks...I think that's an overly broad statement because in many jobs employees can make big impacts on profits.
But in short, to use simple economics term...'pay is sticky'.

---

In those scenarios where individuals can make a big difference in corporate profits they generally negotiate commissions or stock options. But even those individuals won't stay if the market is tight and others are employers are offering more.

Wages always lag behind inflation. Wages are a reactionary response to increased inflation, but it happens over time as people adjust their living, varible costs adapt to the "new normal," and people seek higher paying jobs; this in turn puts pressure on businesses to compete.

/there

B-1 83 said:

---

The term "record breaking profits" is meaningless without some form of context, but anti-big business people love to throw it around to illustrate their concept of imaginary "corporate greed".

---

Weird you never hear the phrase "record breaking salaries"

bmks270 said:

---

B-1 83 said:

---

The term "record breaking profits" is meaningless without some form of context, but anti-big business people love to throw it around to illustrate their concept of imaginary "corporate greed".

---

Weird you never hear the phrase "record breaking salaries"

---

Even that is meaningless without context. You also never hear about corporate losses.

There comes a point when there simply aren't enough higher paying jobs for people to seek.

Hedge threads

samurai_science said:

---

richardag said:

---

crane said:

---

Trump was the one who ok'd the fauci shutdown,

• You are wrong
• Trump on lockdowns
  By April he was changing and by August was against lockdowns.
  Coronavirus: President Trump defends tweets against US states' lockdowns Published 18 April 2020
  
  • At his Friday briefing, he said some measures imposed by Minnesota, Michigan and Virginia had been "too tough".
  • Earlier, he wrote in a series of tweets: "LIBERATE MINNESOTA", "LIBERATE MICHIGAN
  
  Trump says nationwide lockdown would 'ultimately inflict more harm than it would prevent' PUBLISHED MON, AUG 3 2020
  
• President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good.
• He said the U.S. only initially shut down to prevent the overflow of hospitals and to allow U.S. health officials and scientists to learn more about the new virus, including developing effective treatments to fight it.
• While Trump said he would not shut down the U.S., he urged Americans to stay "vigilant" against the coronavirus as U.S. officials begin to see new "flare-ups."
He was a couple of months late in August but was starting to voice his disdain for lockdowns in April. The first known case of COVID in the US was in February.

PPP loans and covid loans.

• yes President Trump made mistakes
• Much of the loans were made to help prevent business from going bankrupt DUE TO INSANE SHUTDOWNS DONE AT THE STATE LEVEL.

Don't start

• Too late you started it.

---

---

Trump gets the blame as well:

Why did Trump allow Gain of Function research under his watch?




https://www.scientificamerican.com/article/u-s-lifts-moratorium-on-funding-controversial-high-risk-virus-research/

U.S. Lifts Moratorium on Funding Controversial, High-Risk Virus Research

December 19, 2017


https://www.thelancet.com/journals/laninf/article/PIIS1473-3099%2818%2930006-9/fulltext


Fauci was running the NIH

On Dec 19, 2017, the US National Institutes of Health (NIH) announced that they would resume funding gain-of-function experiments involving influenza, Middle East respiratory syndrome coronavirus, and severe acute respiratory syndrome coronavirus.

---

That is a separate argument completely.
Obama Admin Ended Block On 'Gain Of Function Research' Days Before Trump Took Office June 10, 2021 TLB Staff GOVERNMENT 1

The funding for Wuhan lab continued before President Trump was elected. The NIH went to the White House staff for approval of gain of function research in the United States.

10thYrSr said:

---

crane said:

---

HEB isn't a public company yet they disclose that information to their employees. Checkmate

---

HEB also used to have a program called "partner share" where they gave each employee a bonus based on how well the company did. Wonder why they discontinued it.

---

Yeah that wasnt discontinued. Ive gotten all my partnershare bonuses for the last 10 years and and will get my quarterly and yearly bonus back to back next month. Heb does a great job of paying our people and we all got raises on top of our annual for inflation.

The_Thinker said:

---

We'll The reason my employees aren't getting a pay increase is because they haven't increased The pay in my field in a long long time. We might not have universal healthcare but Medicare rates get cut and all the other insurance companies cut rates too.

---

You are in the medical field?
Yall are one of the sectors getting whacked.
Your revenues are locked up in multi-year, pre covid negotiated contracts.
Unlike other sectors, you have not been able to raise your prices to keep up with inflation.
Gotta love Govt Healthcare Mediscare rates as the "go to".

I am in the same boat. Costs for materials, utilities, rent, staff (if you can find them), etc have sky rocketed. Insurance payments has universally done down and takes longer to get said lower payments. Even with this, we continue to give out bonuses and increase pay. We just have to as our employees are all suffering.

The only way to increase income is increase patient volume which comes with increased cost. There is a reason why small/physician owned groups are becoming dinosaurs and eventually healthcare will all go through CMS/HCA/UHC of the world. HCA/UHC and the fortune 500/VC companies are buying up practices.

But bottom line is outwork/out compete others. I see the writing on the walls. Our practice will likely not survive but if there is profit to be made, we will make it until we can't anymore. Doc Ownerships of practices is like swimming upstream. Eventually it is just easier to give up and work for some large corporation. Yes, this is what HCA/UHC is pushing for. Own the docs, the practices, and destroy the competition so they can run the show. We have been offered FIRE money for our practices but have resisted as we like to control our work environment but eventually will succumb.

I am diversifying into other revenue streams and recommend everyone to do the same.

Not only is the business cost sky rocketing, our household costs is sky rocketing. How the avg american who do not have multiple revenue streams or working for "the man" is making it is beyond me. That hamster wheel is getting bigger and moving faster. Better find a way to run faster or a nice jumping off point.

It's all very much by design. The Middle Class must be shrunk to the point it's immaterial in the big picture . The Globalists require 2 classes, Ruling Class and Proletariat. They can't have a big % of the people with expendable income trying to wield power. Their plan doesn't work
With a large group of middle class people and all their fancy ideas about upward mobility.

Lets assume the middle class is the group that works 40 hrs/wk and can afford an avg home/some vacations/save some money for a decent retirement like what you would think 30 yrs ago.

This group has definitely shrunk. Living in Austin, a family of 5 would have to make 150K to afford this. 150K for a family puts them right at 10% of income. Middle class is almost non existent in a place like Austin if you are starting out.

If you are 40 and making 100K, sure you could be middle class b/c your house was 300K 15 yrs ago.

Yes, the plan is unfortunately working.

crane said:

---

I don't want everybody to get paid the same, I just want wages to keep pace with rising costs

---

and I just want retirees with few if any options in regards to their pensions and typically having conservative near cash assets that are not intended to keep pace with inflation from getting screwed over when the socialists spend us into inflation eroding the purchasing power of people who worked their entire lives.

crane said:

---

The Modern day MAGA party and its ilk keep pushing me to the left with their nonsense

---

Then you are really seeking maximum nonsense with the left. Can you even explain what the MAGA party represents that is hurting your feelings?