Posted on 05/22/2021 6:19:58 AM PDT by rajesh0540
The Biden administration recently offered some straightforward advice to companies who are struggling to hire workers: pay them more.
This suggestion, contained in a White House memo on the state of the economy, gets at a profound tension in an economy that is recovering to full health after the coronavirus pandemic. Steel, plywood, plastics, and asphalt are among the commodities whose prices are rising. Jobs, though, are no longer willing to tolerate low pay after a year of employment cuts, company closures, and social isolation.
“Wage growth” huh?
With super high inflation?
Hod that work out in Venezuela and Zimbabwe?
Jimmy Cater II. How’d it work out for that creep?
Inflation is here, no need to wonder or warn about it. Look at housing, looks at equities, look at crypto, look at the 4.2% number for April, look at how much money is being printed.
Supply and Demand, Numb-Nuts!
To a liberal, prices rising in nominal terms is economic “expansion” and is the definition of prosperity. That is why 2-3 per cent inflation is always built into Fed plans. Deliberate inflation, when from good intentions, comes from the assumption that the stock of wealth in the world is unchangeable and an economy must continually inflate to keep more of that wealth flowing into the local economy from the rest of the world. Liberals are continually trying to do what they accuse economically literate capitalists of doing i.e steaingl wealth from the poor countries.
Pay them more …with what? Every liberal believes that businesses have some type of magic money tree behind their building.
“The Biden administration recently offered some straightforward advice to companies who are struggling to hire workers: pay them more….”
************************************************************
Well, Joe, see how that works out with your continuing inflow of over 100,000 (and growing) illegal aliens a month combined with the many millions already here. Your project to create an American peasantry is off to a good start.
There were two times in my professional career where I thought, “Hey, I’m doing really well.” The things I bought seemed to take only a modest portion of my salary. Then, each time, and within a month or two, the government raised the minimum wage. All union contracts are tied to the minimum wage. That’s why there’s a continual cry about minimum wage. Suddenly, I was back to watching every penny as inflation spikes after every wage increase. Economists used to stay that “stickiness” (the length of time it takes the price of goods to catch up to wages) negate this effect. In other words, everyone is better off until prices catch up to the new wage. But UPC price codes mean that the price of literally everything can be adjusted at headquarters overnight. BOOM! Inflation.
Biden is a mean old senile puppet .
Dr Evil could care less unless she gets a cut .
We are screwed.
Biden or whomever is running things knows that all their Fed has to do keep printing the greenbacks. From The Party & the Media; “Inflation? What inflation?”. From the Republicrats; “What ever you want, Massa.”
Democrat politicians did great during the Great Depression. They had a huge majority for a long time. The whole Depression thing didn’t phase them, it was a means to stay in power.
They also look at China as the world’s best example of how to make Marxism “work”. It’s actually Fascism. It does work better than classic Marxism…for a while. Until it doesn’t and they need to expand and take over their neighbors to keep the ball rolling.
Now ask yourself, what followed a Depression in the US and a Fascist nation’s expansion back then?
When our energy resources are prohibited from being used which if fully developed would turn out to be a source of income when exported such results should be expected. Those who support such decisions should be impeached beccause of the serious damage being done to the economy
When our energy resources are prohibited from being used which if fully developed would turn out to be a source of income when exported such results should be expected. Those who support such decisions should be impeached beccause of the serious damage being done to the economy
Wages seldom keep up with inflation much less get ahead of it.
The last time wages got ahead of inflation ‘The Deep State’ imposed a Planned-Demic’ to stop it.
wage growth = inflation
Inflation is really currency devaluation.
We really need a return to the silver standard.
Biden betting record sucks it always comes up snake eyes.
Well, Joe, see how that works out with your continuing inflow of over 100,000 (and growing) illegal aliens a month combined with the many millions already here. Your project to create an American peasantry is off to a good start.
——————-
And about a half million legal work visa holders from primarily India and Communist China each year to destroy the American middle class.
Menial labor part-time jobs for all Americans, per US Chamber of Commerce, Republican and Democrat directive.
“And about a half million legal work visa holders from primarily India and Communist China each year to destroy the American middle class.
“Menial labor part-time jobs for all Americans, per US Chamber of Commerce, Republican and Democrat directive.”
That’s the Deep State economic plan.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.