What a National $15 Minimum Wage Looks Like

“The only thing I would take issue with is the “upcoming” debt crisis. Aren’t we already there with all the money printing going on?”

I used to think that W doubling the national debt from 5T to 10T was a debt crisis. I said the same thing when obozo took it to 20T. Now Trump at end of FY2019 it is $23T. Apparently, these have not caused the crisis as the money keeps printing while the music plays. Therefore, the upcoming debt crisis is when the giverment will have the inability to continue “print money” at will and fund the current government.

I read your other several interesting postings, and could end up typing out pages. I appreciate reading them.

Just one comment. No surprise on the price of lumber. Giverment printed/pumped more $$$ into the economy to help people who lost their jobs by mandating “temporary” economic shutdown. Hence, less wood in the manufacturing and distribution pipeline. More $$$ chasing less goods = increasing prices, seems like classic inflation. It’s not that the wood costs anymore, it’s that the dollar now buys less. You apparently worked and lived through the Carter years, so you have prior experience.

PS - 1976 was a great year in this country.

The Walmart that I infrequent has 12 “self-check-out” registers, watched over by cameras and two people. These units don’t call in sick, no breaks, don’t steal, don’t need benefits, etc. Hence, 10 people don’t have check out register jobs.

If there was a need to operate all those registers less than 100% of the time, say 20 hrs/da, x 365 days per year, at minimum wage that one store saves $0.5 million per year. Givernment also loses their cut of the FICA, etc etc

I get part of the why about supply and demand but this is ridiculous. There was a carload of framing lumber a couple of weeks ago and when the bid hit $991 a thousand I quit watching it. Before daVid $400 was a good price. This adds $40 to $50k to a house offset by the insane 2% interest rates. I hate to see this since it ratchets up the price of everything.

That money pumped in was supposed to be offsetting the loss of jobs. Not adding to it. However, a lot of people were making more on the dole than working. Covidcations were popular around here all last summer.

Money is too cheap, too much is being printed.

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