Billionaires are holding 8.5 Trillion dollars. The coli told me these businesses can't afford to pay employees a living wage.

T

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Remote said:
Free market.
If you can't compete, you don't exist. That's the FUNDAMENTAL BASIS of capitalism.

There's literally zero difference between employee salaries as an expense, and every other expense.
It is impossible for you prove otherwise. No matter how in the weeds you want to go.

:mjlol:
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You are not talking about free market. If it was free markets Fair wages wouldn't exist. You are trying to hide socialist/communist ideals behind a capitolist free market. A free market would determine wages based on labor availability. Funny how you avoid the role employee in a free market. If you are easily replaceable your labor isn't worth much in a free market. The free market determines your labors worth not fairness. Are people really this dumb? Seriously.
 
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Traveler said:
You are not talking about free market. If it was free markets Fair wages wouldn't exist. You are trying to hide socialist/communist ideals behind a capitolist free market. A free market would determine wages based on labor availability. Funny how you avoid the role employee in a free market. If you are easily replaceable your labor isn't worth much in a free market. The free market determines your labors worth not fairness. Are people really this dumb? Seriously.
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At no point did I make any push for a communist system.

You're using words you don't understand.
:mjlol:
 
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Remote said:
Lmao.
They can afford to pay MORE. Because we see these same companies pay more elsewhere in the world. And we know they hoard profits through shady practices.

Finally. We agree.

:mjgrin:
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You can't apply US tax policy, business climate and lifestyle to foreign countries. It's not 1 for 1.
 
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Remote said:
At no point did I make any push for a communist system.

You're using words you don't understand.
:mjlol:
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God you are fukking dumb. If you artificially set wages at your definition of fair, then that is a socialist ideal, it's not free market. Free market would set the wages. Not to mention you are using fair wages wrong. It doesn't mean what you think it means. So answer this genius, what is a fair wage. Give me a number. I know you won't though.
 
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Reposting one of my favorite threads on the internet:
The issue isn't the price of north American labour imo. Take my opinion with a grain of salt as it's definitely uninformed and will reflect my leftist beliefs, and I welcome criticism, but I reckon it's a combination of a few factors.

The costs of goods from Asia have gone up with the increased standards of living and income in China, products have become increasingly complex and the supply chain bloated, fuel costs have increased exorbitantly, and the finance and marketing industries have grown a lot.

The sweatshops of China have become automated factories and machine shops and (quite reasonably so) their income has increased, which costs us more. Same kind of progress Japan saw, originally people bought only American because japanese products were junk, then China made the junk and Japanese was quality, now Chinese products are increasingly of higher quality and more products will be made in places like Bangladesh to drive costs down. But manufacturing has already gone overseas, so prices keep going up without a correlating increase in income. The only upside being that, at this point, outsourcing has somewhat stabilized so we're not likely to lose an obscene amount more domestic jobs - if it's not already happened, it's not going to get cheaper to outsource.

This has happened while products get more complex and fuel costs have increased. Consequently, we're spending more on foreign salaries than ever. This is not a "boo china" thing - we've lived luxuriously on the backs of cheap foreign labor for years. There could come a time a thousand years in the future when the entire world has gone through the same development China has, everyone country is somewhat "first world", and we see this "problem" at it's worst. It sucks compared to the deal we had, but it's not unfair, realistically speaking.

As we've lost domestic production, a lot of industries like finance and marketing which, to a degree, "skim some off the top" rather than purely increase domestic production have gained a lot. There was no equivalent to Google before Google, and advertising is the reason they're such a juggernaut. Consequently everything we buy has a much larger margin for those sorts of things.

Products are also not built to last. While advancements in engineering and the state of technology mean we could build cars that last decades until they're totalled, and computers/phones are fast enough to run literally anything we need, they're not designed to do so for more than a few years. They're not designed to be upgraded to catch up, or repaired to extend their life. So instead of buying a car to last 30 years and spending money domestically to fix it, we buy a new car after 6 years. A Mercedes is not designed to be easy to fix if you get a serious engine problem. But if you open up a 95 Civic it's almost a home garage job to replace the engine. Instead of designing software to be more efficient, we let it bloat freely and replace the computer to catch up.

We're also taking better care of the planet, which meant ditching some terrible practices that saved money. Resource scarcity has had an effect on this, too, with recycling becoming not only the "right thing to do" but also financially prudent.

So, all in all, it's largely an unavoidable (and reasonable) result of not getting shyt for dirt cheap anymore, and somewhat a result of consumerism becoming more ridiculous than ever. If we want to improve things, "buy domestic" and "purchase serviceable products" needs to be the mantra. We need to build cities smaller and not just sprawling suburbs.

And, to answer your question more directly, increasing national wages would drive up income more than it would drive up costs - if you spend 100% of your income on stuff, and stuff is 50% foreign resources and salaries, 50% domestic, then a doubled salary would only increase product costs 50%. Very incomplete picture, but explains well why minimum wage increases are entirely reasonable give the obscene costs of living nowadays.

EDIT: since someone reminded me, corporate/executive greed is also at an all-time high. Big ol rich-off between Bezos and Musk. And I'm sure y'all have seen the graphs showing executive compensation vs worker compensation. Unfortunately it's the people hit the worst by this greed that tend to be most against limiting that greed. I'd love to see numbers on what the average worker salary would be if every CEOs bank was drained of any cash above $50M and distributed evenly.
Click to expand...

Watch multiple engineers from multiple fields break it down here:


The top-voted post and reply:
What career is keeping up with inflation?
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CEO
Click to expand...
 
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Traveler said:
You realize that was most of human history right? This idea that you should have maximum free time and work less is such a new concept.
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no it isnt and you're an idiot if you believe that.

society before capitalism and the modern work week was much more cooperative and socialized. people contributed where they could, life was not 100% work, that's a lie you've been fed.
 
IIVI

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Remote said:
McDonalds CEO salary: 22 million dollars a year

The Coli: X-dollars more an hour for employees isn't sustainable!!! :mjlol:
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That is absolutely ridiculous.

I'm sorry, but there are so many more positions at that company so much more critical and they most likely make a fraction of a fraction of that.

Get paid $22 mil a year knowing as long you don't take the Big Mac, Chicken McNuggets, Quarter Pounder, Filet-o-Fish, Happy Meals and fries off your menu you're banking.

A coli breh/brehette can probably get most of that job right. For $22 mil?!?!

Yeah, it's more complicated than that, but come on. It ain't rocket science (who make like $80k in some locations).
 
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T

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Remote said:
lmao

"These companies are operating razor thin, they can't afford to pay more!"

:hula:

"Oh, they can operate while offering more money and benefits over there? Oh, that's different"

:heh:
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Because things like tax rates matter. For Example Denmark has a corporate tax rate 26%. The US has a 40% tax rate. Makes a huge difference right there.
 
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