Unemployment benefits aren't causing a labor shortage. Low wages are. What if, and this may sound wild, businesses paid low wage workers more

[basquebromance]

Opinion | The "labor shortage" is actually a wage shortage

What if, and this may sound wild, businesses paid people more, especially "low wage" workers?

www.msnbc.com

"The work Americans put in doesn't match the wages that come out, especially for lower earners, a gap that has become untenable for many."

Keeping wages depressed by flooding labor market is a reason Biden Admin won't secure border

 

[Manonthestreet]

More drivel. Companies are jacking wages....offering bonus' and anything else they can think of to draw them

 

[Silent Warrior]

To answer your question, if pay went up prices would go up making pay insufficient again which would make pay go up there by raising prices, etc. etc. ad infinitum.

 

[danielpalos]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

 

[Winston]

To answer your question, if pay went up prices would go up making pay insufficient again which would make pay go up there by raising prices, etc. etc. ad infinitum.

I just don't understand why all you people think companies sit around and run equations that track fixed costs, variable costs, and marginal revenue and then set prices based on cost. That is a damn fantasy. I have told this story before but it bears repeating. Marketing class, a top ten university, visiting speaker, Phd in business, VP with Procter Gamble. He holds up a can of Arid Extra Dry deodorant and asks, how to we determine how much to charge for this? My hot shot ass with my big Economics degree shoot my hand up and get recognized, I start waxing about MRC and maximizing profit and he cuts me off laughing. "Son" he says, "we charge whatever the hell we can get".

Price is based on supply and demand. Do you see "cost" in there anywhere? Produce something that costs more than the market clearing price and watch that company sell it at a loss and stop producing. Well guess what, labor works the exact same way. First, companies pay as little as they can get by with. In fact, people are not paid what they are worth. People are paid just enough to keep them from taking their skills and their knowledge to the competition. In fact, if minimum wage was based on productivity it would be north of twenty bucks an hour right now. People have learned to get by with less, and getting them back into the labor force is going to cost companies money. I mean I am sorry, but if Bank of America can implement a minimum wage of $25 an hour by 2025 for bank tellers, retailers are going to have to cough up more than $15.

 

[Who_Me?]

Really no difference between pre-covid wages and post covid. It's just that the unskilled made more money on unemployment with those Federal bumps of $600 and then $300 and got used to laying around and making more. They should have developed some skills in the interim to warrant a better wage when the economy did open up.

 

[forkup]

Really no difference between pre-covid wages and post covid. It's just that the unskilled made more money on unemployment with those Federal bumps of $600 and then $300 and got used to laying around and making more. They should have developed some skills in the interim to warrant a better wage when the economy did open up.

How do you "develop" skills? Most of that takes actual schooling. Schooling was a distinct problem during a pandemic. Schooling also coincidentally costs money in the US. 600 doesn't exactly put you on the gravy train anywhere.

I'm Belgian. My wife's American. She lost her job a bit over a year ago. She doesn't just get an actual living wage in unemployment compensation here but she was encouraged to follow a nursing course for free. Result: within another year she'll be an RN. At that time she'll be able to contribute more to society in a profession that has a chronic labor shortage and she'll be able to contribute more taxes than she was able to in her previous job.

That's what happens when you built a society that has an actual interest in helping its citizens instead of being a country that feels that someone only has value if they claw for everything and anything in life and condemn anyone who isn't capable of doing so to destitution.

 

[Turtlesoup]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

Inflation doesn't happen anyways---we are entering hyper inflation and it thanks to Biden and his croonies spend spend print print tax payer money....are throughly fucked and those on the bottom will be hurt the worst.

 

[danielpalos]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

Inflation doesn't happen anyways---we are entering hyper inflation and it thanks to Biden and his croonies spend spend print print tax payer money....are throughly fucked and those on the bottom will be hurt the worst.

Yes, it does. Nobody takes right-wingers seriously about economics. Their bigotry provides all answers for them.

 

[007]

Little Johnny's first job out of HS without any advanced education in jack squat, isn't meant to be a job he can "make a living" at. It's a beginners job, unskilled, he's a peon. What is that so hard to understand? These SJWs want every single job in America to pay like you've at least got an Associates Degree, and that includes flipping a damn burger and asking do you want fries with that. That is not skilled labor. You could train a monkey to do that, or a machine. These people are easily replaced because there's a multitude of them willing to take the job you don't want, and yes, many of those are illegal aliens. You want to make big bucks, further your education. The more you learn, the more you earn.

 

[007]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

Inflation doesn't happen anyways---we are entering hyper inflation and it thanks to Biden and his croonies spend spend print print tax payer money....are throughly fucked and those on the bottom will be hurt the worst.

Yes, it does. Nobody takes right-wingers seriously about economics. Their bigotry provides all answers for them.

Oh for shit sake, STFU with your canned asinine leftard bull shit.

Just when this conversation appears to be going along rather well, one of you toilet tongued leftist shit stains has to come along and puke up your crap.

 

[danielpalos]

Little Johnny's first job out of HS without any advanced education in jack squat, isn't meant to be a job he can "make a living" at. It's a beginners job, unskilled, he's a peon. What is that so hard to understand? These SJWs want every single job in America to pay like you've at least got an Associates Degree, and that includes flipping a damn burger and asking do you want fries with that. That is not skilled labor. You could train a monkey to do that, or a machine. These people are easily replaced because there's a multitude of them willing to take the job you don't want, and yes, many of those are illegal aliens. You want to make big bucks, further your education. The more you learn, the more you earn.

Only if you appeal to ignorance of the cost of living. There is no true zero minimum wage simply because Taxes are a delegated social Power to our elected representatives.

 

[007]

Really no difference between pre-covid wages and post covid. It's just that the unskilled made more money on unemployment with those Federal bumps of $600 and then $300 and got used to laying around and making more. They should have developed some skills in the interim to warrant a better wage when the economy did open up.

How do you "develop" skills? Most of that takes actual schooling. Schooling was a distinct problem during a pandemic. Schooling also coincidentally costs money in the US. 600 doesn't exactly put you on the gravy train anywhere.

I'm Belgian. My wife's American. She lost her job a bit over a year ago. She doesn't just get an actual living wage in unemployment compensation here but she was encouraged to follow a nursing course for free. Result: within another year she'll be an RN. At that time she'll be able to contribute more to society in a profession that has a chronic labor shortage and she'll be able to contribute more taxes than she was able to in her previous job.

That's what happens when you built a society that has an actual interest in helping its citizens instead of being a country that feels that someone only has value if they claw for everything and anything in life and condemn anyone who isn't capable of doing so to destitution.

You failed to mention the effects on a nations economy and wages that flooding it with millions of illegal aliens that have little to no education at all, and can't speak the native language has.

 

[danielpalos]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

Inflation doesn't happen anyways---we are entering hyper inflation and it thanks to Biden and his croonies spend spend print print tax payer money....are throughly fucked and those on the bottom will be hurt the worst.

Yes, it does. Nobody takes right-wingers seriously about economics. Their bigotry provides all answers for them.

Oh for shit sake, STFU with your canned asinine leftard bull shit.

Just when this conversation appears to be going along rather well, one of you toilet tongued leftist shit stains has to come along and puke up your crap.

You shut up first. You have no argument only fallacy and should be ashamed, but You have no moral shame right-winger. How typical for the Right-Wing.

 

[danielpalos]

Really no difference between pre-covid wages and post covid. It's just that the unskilled made more money on unemployment with those Federal bumps of $600 and then $300 and got used to laying around and making more. They should have developed some skills in the interim to warrant a better wage when the economy did open up.

How do you "develop" skills? Most of that takes actual schooling. Schooling was a distinct problem during a pandemic. Schooling also coincidentally costs money in the US. 600 doesn't exactly put you on the gravy train anywhere.

I'm Belgian. My wife's American. She lost her job a bit over a year ago. She doesn't just get an actual living wage in unemployment compensation here but she was encouraged to follow a nursing course for free. Result: within another year she'll be an RN. At that time she'll be able to contribute more to society in a profession that has a chronic labor shortage and she'll be able to contribute more taxes than she was able to in her previous job.

That's what happens when you built a society that has an actual interest in helping its citizens instead of being a country that feels that someone only has value if they claw for everything and anything in life and condemn anyone who isn't capable of doing so to destitution.

You failed to mention the effects on a nations economy and wages that flooding it with millions of illegal aliens that have little to no education at all, and can't speak the native language has.

Only illegals don't care about minimum wage laws.

 

[007]

Little Johnny's first job out of HS without any advanced education in jack squat, isn't meant to be a job he can "make a living" at. It's a beginners job, unskilled, he's a peon. What is that so hard to understand? These SJWs want every single job in America to pay like you've at least got an Associates Degree, and that includes flipping a damn burger and asking do you want fries with that. That is not skilled labor. You could train a monkey to do that, or a machine. These people are easily replaced because there's a multitude of them willing to take the job you don't want, and yes, many of those are illegal aliens. You want to make big bucks, further your education. The more you learn, the more you earn.

Only if you appeal to ignorance of the cost of living. There is no true zero minimum wage simply because Taxes are a delegated social Power to our elected representatives.

Wrong. If you're an unskilled peon, and you're easily replaced because there's millions of you, all willing to do the job you're doing, then you're not getting paid squat. Supply and demand.

What you're talking about is socialism/communism.

 

[007]

Inflation happens anyway. Labor must be able to afford our first world economy, regardless therefore wages should outpace inflation.

Inflation doesn't happen anyways---we are entering hyper inflation and it thanks to Biden and his croonies spend spend print print tax payer money....are throughly fucked and those on the bottom will be hurt the worst.

Yes, it does. Nobody takes right-wingers seriously about economics. Their bigotry provides all answers for them.

Oh for shit sake, STFU with your canned asinine leftard bull shit.

Just when this conversation appears to be going along rather well, one of you toilet tongued leftist shit stains has to come along and puke up your crap.

You shut up first. You have no argument only fallacy and should be ashamed, but You have no moral shame right-winger. How typical for the Right-Wing.

And there ya go, leave it to a leftard to ruin another thread. It's virtually always you people that do it.

 

[007]

Really no difference between pre-covid wages and post covid. It's just that the unskilled made more money on unemployment with those Federal bumps of $600 and then $300 and got used to laying around and making more. They should have developed some skills in the interim to warrant a better wage when the economy did open up.

How do you "develop" skills? Most of that takes actual schooling. Schooling was a distinct problem during a pandemic. Schooling also coincidentally costs money in the US. 600 doesn't exactly put you on the gravy train anywhere.

I'm Belgian. My wife's American. She lost her job a bit over a year ago. She doesn't just get an actual living wage in unemployment compensation here but she was encouraged to follow a nursing course for free. Result: within another year she'll be an RN. At that time she'll be able to contribute more to society in a profession that has a chronic labor shortage and she'll be able to contribute more taxes than she was able to in her previous job.

That's what happens when you built a society that has an actual interest in helping its citizens instead of being a country that feels that someone only has value if they claw for everything and anything in life and condemn anyone who isn't capable of doing so to destitution.

You failed to mention the effects on a nations economy and wages that flooding it with millions of illegal aliens that have little to no education at all, and can't speak the native language has.

Only illegals don't care about minimum wage laws.

Then why is the democrat party flooding the nation with millions of them?

 

[danielpalos]

Little Johnny's first job out of HS without any advanced education in jack squat, isn't meant to be a job he can "make a living" at. It's a beginners job, unskilled, he's a peon. What is that so hard to understand? These SJWs want every single job in America to pay like you've at least got an Associates Degree, and that includes flipping a damn burger and asking do you want fries with that. That is not skilled labor. You could train a monkey to do that, or a machine. These people are easily replaced because there's a multitude of them willing to take the job you don't want, and yes, many of those are illegal aliens. You want to make big bucks, further your education. The more you learn, the more you earn.

Only if you appeal to ignorance of the cost of living. There is no true zero minimum wage simply because Taxes are a delegated social Power to our elected representatives.

Wrong. If you're an unskilled peon, and you're easily replaced because there's millions of you, all willing to do the job you're doing, then you're not getting paid squat. Supply and demand.

What you're talking about is socialism/communism.

What I am talking about is being legal to the law not just worthless hypocrites who can't.

 

[iamwhatiseem]

More drivel. Companies are jacking wages....offering bonus' and anything else they can think of to draw them

Everyday someone shows me just how gullibly stupid people are.
And the OP is today's example.
It never ceases to amaze me how people think small business owners have some mysterious well of free cash to draw from.
Not to mention, that profit margins for small businesses have been in a constant spiral for the past 40 years.
In the 1980's - 90s, it was common to see small businesses of all kinds raking in 30% - 40% pre-tax profits.
By the mid 2000's - that was cut in half.
By the 2010s - single digit margins.

The only thing where there is an unending supply of - is stupidity.