/biz/ - Business & Finance

>>57606678
Why is this a bad thing? Literally everyone knows that wages have been stagnant for decades while companies have risen to trillion dollar evaluations.

>>57606872
It's not a bad thing. The bad thing is that corpos in this country would just see it as an excuse to raise the price of everything. Not because they're having to pay employees more, but because everyone has more money in their pocket(that money is the property of the corpos, the consumer just doesn't know it yet)

>>57606678
Let California cannibalize itself once the free tech money towards WFH make work jobs end.

>>57606678

>>57606678
>6 figure salaries are minimum wage
>What the fuck it's common sense

>>57606872
Agreed, I'm ok with raising the min wage by $50/hr as long as my wage also increases by $50/hr

>>57606979
Make it proportional so yo dont lose spending power
Make sure you take out a huge loan before it happens, Inflation helps debt holders
$50 minimum still won't be enough to catch up to the wealthy

>>57606678
if i can get 50 dollar minimum wage i'm quitting my high stress job and doing night security in Cali.

>>57606931
You know that wages actually have a weak relationship with inflation compared to money printing and corporate profit, right?

>>57606949
>6 figure salaries are minimum wage
that's going to happen eventually regardless of any minimum wage. maybe not tomorrow but it will happen. these are just arbitrary numbers we've chosen to rally around, they don't mean anything.

>>57606678
why do democrats want higher min wage when they should be rallying for higher min purchasing power that appropriately scales with inflation.

Why are people so retarded? Why do we allow democracy if people are so retarded?

>>57606678
Just do the math= higher real estate prices, higher taxes and robbing middle class whites to give stipends to illegals for votes

>>57607084
>higher min purchasing power
how you suppose that happens?

>>57606678
Just imagine how cheap everything would be if we worked for $1/hr bros! Betcha libtard socialists never thought about that!

>>57607095
get rid of policies, welfare, illegal immigration and subsidized bullshit jobs that parasite value from the working class.

>>57606904
>>57606872
Economic illiterates shouldn't be allowed to vote.
I hope this law actually passes so you leftist retards starve to death due to unemployment.

>>57606678
So glad I am a Cracker. NGL though still getting secondhand cringe.

>>57607097
The dollar amount you make is an illusion, all that matters is purchasing power. Purchasing power and how to increase it for the worker should be all that is discussed. All higher wages do is increase inflation and purchasing power of everyone which reduces the value of everybodies savings and puts everyone into higher tax brackets

>>57607257
Corporate cuck, I'm sure if you sacrifice yourself for the company even more you'll get a .5% raise.

>>57607275
>*reduces* purchasing power of everyone....

forgot a word

>>57607053
how do you figure corporate profit raises prices?

we have had insane corporate profits in the past with prices coming down.

>>57607199
Democrats would never defund their core voterbase

>>57607282
>Corporate cuck
lmao you're the statist cuck who wants to be unemployed
fucking retard

>I'm sure if you sacrifice yourself for the company even more you'll get a .5% raise.
lmao you think businesses dictate wages and that supply and demand doesnt exist

>>57607307
Mmm what do your bosses boots taste like today bro? Is it worth sacrificing your well being for a corporate entity that could literally replace you tomorrow? How does it feel knowing that you could be the most productive employee who generates a surplus and your pay increase won't reflect that but rather your wage is part of an optimization formula designed to optimize productivity and minimize expenses? It's why you're a cuck, you sit on the sidelines of the bedroom and watch as your effete upper management reap the spoils of your hard work in exchange for a wage increase that doesn't even keep up with inflation

>>57607282
min wage increases do not hurt corporations in fact they make them bigger. The initial shock of min wage increases puts alot of smaller businesses out of business which gives the mega corps a larger market share and then inflation catches up to the min wage increase and purchasing power stabilizes, at the end of it all the $50/hr wagecucks have gotten nowhere but you retards are so fkn stupid you can't see this obvious reality and now guess what you have a $100k yearly salary and are in a higher tax bracket! enjoy paying more taxes!

Maybe fight for increased purchasing power, or wages that accurately scales with inflation

This is just an excuse for hyper inflation.
10k a month rent, $20 mcburgers.

>>57607466
Look up corporate tax rates under the Eisenhower administration and look into the economic growth and growth of the Middle class of that era.

>>57606678
pump those bags

>>57606678
The Democratic way is to bold face lie to the public about gibs as a policy. Obamacare, Student loan forgiveness, 50 dollar minimum wage

>>57607257
I just don't like greedy people that's all

>>57607531
Pump up those bags
Pump em up
While the jeets are postin
And the whales are pumping
Look ahead, the price is jumpin'
Pump it up a little more
Get the FOMO going' on the platform
See, 'cause that's where the party's at
And you'd find out if you do that

>>57607414
>Mmm what do your bosses boots taste like today bro?
LMAO why do you low IQ bootlickers always project like this instead of actually having an argument.
Every fucking time!

>DUDE WE SHOULD SHOOT OURSELVES IN THE FOOT TO SPITE THE RICH
What? Why would you intentionally fuck yourself over like that
>HURRR UR A BOOTLICKER!

>generates a surplus
Which is typically reinvested into the firm or invested in other firms. Very little of this money is used as personal consumption for the capitalist. The amount of resources the capitalists consume as a percentage of the total economy is incredibly tiny compared to what the workers consume.

>and your pay increase won't reflect
Wages typically follow productivity. This has been shown empirically many times.
inb4 the debunked productivity pay graph
https://www.aspeninstitute.org/wp-content/uploads/2019/01/3.2-Pgs.-168-179-The-Link-Between-Wages-and-Productivity-is-Strong.pdf

>It's why you're a cuck
You literally support central banks and governments destroying your purchasing power and living standards lmao

>that doesn't even keep up with inflation
I don't even want inflation to exist, YOU DO!

>>57607511
I can't believe leftists are still spewing this outright lie about 50s tax rates. Learn the difference between marginal and effective taxes. Nobody actually paid those taxes back then.

>>57607544
The government is the most greedy.

>>57607480
Why would there be inflation?
This would just cause mass unemployment.
Businesses cannot survive on $50 minimum wage.

>>57606904
This 100% it's not about a bigger number of dollars earned. It's about earning a larger share of the take. No reason for execs/shareholders to take $.99 of every dollar earned while giving their employees $.01 of the profit. Once the shift happens we'll start seeing the true prices of things as power will stop accumulating in the hands of the rich Jews and their jew friends.

>>57607638
>No reason for execs/shareholders to take $.99 of every dollar earned while giving their employees $.01 of the profit.
LMAO this is what leftists ACTUALLY believe.
You think profit margins are 99% economy wide?
Are you retarded?
Studies show it's more like 7%.
https://www.aei.org/carpe-diem/the-public-thinks-the-average-company-makes-a-36-profit-margin-which-is-about-5x-too-high/

>>57607053
hmmm I wonder how companies can get away with increasing prices

>>57607511
Look up the demographics of 1950s USA. Leftist socialism doesn't work when whites aren't footing the bill.

>>57607611
You are jumping to insane conclusions here bro. Take a few deep breaths and relax, there's no need to get this worked up over a silly little tongue in cheek conversation on a Mongolian basket weaving forum

>>57607678
Imagine thinking that what we had in the 50s and 60s was anything close to socialism.

i live in japan where i am less than 1% of the population, living on a strict visa where i cant work outside the visa and most companies cant or wont bother sponsoring a change. even the best jobs pay at best $3,000-$4,000 a month. but until i can get a job i have to work illegally as a restaurant server at $7/hr (no tips, not a tipping country) just to scrape by and pay these ridiculous resident tax, after saving up salary for a year to pay the upront $8,000 to move into a one bedroom apartment at my last job, which i got fired from for using the contract-permitted paid holidays because "using paid holidays just seems like youre not serious about the job"

meanwhile liberals are making like $20,000 a month and crying about needing unions and more money to help finance their funko pop collections.

if i get a terminal cancer i swear im going to do a virginia tech in san francisco

>>57607712
>no argument
I accept your concession.

>>57607731
>Imagine thinking that what we had in the 50s and 60s was anything close to socialism.
If it was, most americans would be living in abject poverty today.

>>57607731
Imagine dodging the point that communism doesn't work in majority shitskin countries.

>>57606678
Raising minimum wage isn’t socialist. It’s a good thing. Every non-billionaire should support that.

>>57607746
It doesnt work anywhere
it failed in eastern europe and east germany

>>57607747
>unemployment is a good thing

>>57606678
It's a very realistic number.
Any less than this an you can barely make if your single and don't already have a completely paid-off education, healthcare ins., house, new car.
$50/hr is about what I make and it's literally six figure hell.
With the current cost of living, Low-end six figures should be minimum wage. Everything just cost too fucking much.

But of course other anons are right, if employees were forced to pay this as min wage, they would either close business or everyone would just raise their prices accordingly.

>>57607480
Uhhhh rentbros? This cant be right. Where is the housing market correction?!

>>57607746
I'm not advocating for communism bro. There's a world of difference between being a communist and not being a complete cuck for oligarchs. Your reality is constructed on the paradigm of false binaries

>>57607741
There's no argument to be had because you're spouting the economic equivalent of "chocolate milk comes from brown cows".

>>57607792
You fail to see how all of this is meaningless jerking off about evil capitalists or evil communists as long as there isn't a common cultural identity and no central banking system.

>>57607811
>There's no argument to be had
Yes there was. There was several of them.
You dodged them because you had no response.
Nice cope lol

Simpler solution: End the Fed.

Median household income in 1970 was 235oz of gold.

>>57606678
By the time we have a $50 minimum wage, the actual wage necessary for basic necessities will be well beyond that. It's a smart move to push for more. Just look at the push for $15. That number is now hilariously outdated.

>>57607821
Correct bro, I'm just trying to help my homie above realize that the economic theory he's been spoon fed about his corporate overlords is nothing more than propaganda designed to make him the be complacent with getting the short end of the stick

>>57606678
The nigger is the final bagholder of a crumbling society. They would rather take over the burning remnants of a society than live in their natural habitat of mudhuts and stickhomes in Africa or their Carribbean islands(that they were shipped to by Jewish slavers).

>>57607774
If people just raise their prices we can just raise minimum wage again.

>>57607849
It's very apparent that you're so deep in the kool-aid that there's no reaching you. So what's the point? You're spouting the same Reaganomic theory that's been oeddled since the 80s that real world evidence has disproven. You've very clearly never worked with upper management in corporate America so anything I say to you will just fall on deaf ears>>57607852

>Niggerwomen are like "y dont the govmint just make ppl rich"
>authors the "Free Money for Everybody" act

>>57607849
You tried to engage in good faith with a communist moron. You shouldn’t do that. Stack sound money and ammunition. He will get “sorted out”, soon enough.

>>57606872
Because my company goes bankrupt immediately if it happens unless everyone else is happy to pay 50% extra on my products

>>57607611
>Wages typically follow productivity
Then why has productivity soared since the 80's but wages didn't follow at the same rate?

>>57607890
Colonization, Dixie will be civilized yet.

>>57607920
I'm not a communist I'm just not a cuck for oligarchs. I used to be like you guys until I got my MBA and began working for McKinsey and I was given the harsh truth of what corporate America is like. Hell I even parroted the exact same points as the guy I'm talking to. You can't really wrap your head around how false it all is until you see it for yourself

>>57607926

1. Computers accounting for a large amount of that growth (they aren't paid)
2. Women pumping into the workforce and depressing income growth (their wages have actually scaled with productivity since the 70's, male wages have not)

>>57606678
>Give an inch, they take ten acres

>>57607957

You are a cuck for oligarchs. You have bought into their biggest and most successful lie which is: the state is decoupled from the oligarchy. Absolutely not. The oligarchy uses the state. We are a mercantile republic. Every republic ends up inevitably a mercantile, quasi socialist state, where the entire engine is built around sucking the wealth and productivity of the people to feed into the state/megacorp consortium.

Waving a wand and asking for more wages isn't the answer. Breaking down the web of regulations and the chains of tax slavery (which only apply to individuals, small/medium sized business, by design), is. And stop fucking flooding warm bodies in over the border.

>>57606949
Just make everyone millionaires, bozo. It's not that hard.

>>57607997
What do YOU think I'm advocating for here? You're jumping to insane conclusions about me and you're deviating the conversations to things you think I'm trying to say but I'm not.

>>57608033

I'll be honest I was too lazy to read the entire comment chain and put together a general response given the context of "communist" and the OP's premise

>>57606678
at this point i'm ok with total collapse of our financial system.

>>57606872
As other anons have already mentioned, the key lies in the overall share of the wealth, not just acquiring more wealth, which can occur via inflation.
But to make it even simpler, the concern can be seen this way: you say you need 3 slices of pizza to live. In response, I take your regular 1slice, cut that slice into thirds and tell you to fuck off now that you've got what you asked for.

>>57607870
You're still spewing your debunked bullshit after I refuted you lol

>>57607894
>It's very apparent that you're so deep in the kool-aid that there's no reaching you.
Look at you sitting there projecting like a manchild.
I already refuted everything you said and you refuse to question your own belief system. You're literally in a religious cult.

>Reaganomic theory
Leftists like yourself are utterly fucking clueless and just repeat "MUH TRICKLE DOWN" over and over and over because it looks good in a meme.
Reagan moved America AWAY from free markets you absolute fool.

>that real world evidence has disproven
Seeing how the world has gotten more statist and keynesian since then I'd say you're wrong.

>>57607926
>Then why has productivity soared since the 80's
Because it hasn't actually soared. GDP isn't real productivity.
>but wages didn't follow at the same rate?
They did though.
https://www.aspeninstitute.org/wp-content/uploads/2019/01/3.2-Pgs.-168-179-The-Link-Between-Wages-and-Productivity-is-Strong.pdf

>>57607957
Why do you bootlick central banks?

>>57608085
>the key lies in the overall share of the wealth,
Okay, how are you going to give more resources to the working class when they already received approximately 99% of the total?

>>57608162

>>57607849

I am not involved in this but just wanted to stop in and let you know that you are a faggot.

>>57606872
This. Personally I think wages should be one million dollars per hour. Those fucking billionaires could afford it for decades literally just from their existing caches of wealth even if they made no revenue whatsoever.

>>57608395
Cry about it samefag, you got BTFO

>>57608425
yeah bro totally

>>57607072
get the fuck off this board retard.

>>57607894
You're a retard, monetary expansion will always cause new money to flow into low monetary impedance assets, inflating them at a faster rate than high impedance assets like labor, the only way to correct the wage/productivity divergence is a return to hard money.

>>57608150
I know you think you've put together this articulate concrete argument, but to us normal people you just look like an autistic retard screeching and jumping to insane conclusions. Why are you acting like you have something personal at stake here?

>>57608682
This isn't me bro. You need to take a few deep breaths and put the phone down for a while lil bro. You're getting worked up over a silly dovetail conversation on valentines day. Don't you have a special other to spend it with?

>>57608703
The average annual income in 1792 was $65 retard

>>57609423
>niggas in 1792 couldn't even afford one quadruple-A video game per year
God damn I'm glad to be alive today.

>>57609344
>to us normal people
LMAO
>autistic retard screeching
>HOW DARE PEOPLE PRESENT ARGUMENTS ON A FORUM
Holy fuck HAHAHAHAHAHA

>>57609404
>You need to take a few deep breaths
lmao why do you give this much of a shit?
Why are you crying like this instead of responding to my arguments?
>Don't you have a special other to spend it with?
My wife is sitting next to me.

>>57608682
billionaires dont hold liquid cash. So as soon as you seize those assets a massive crash will be precipitated rendering them worthless

>>57607733
Ohh don’t do that bro lol.

>>57606678
>there’s actually socialist in a fucking finance and business forum

>>57608682
whoa cool it with the antisemitism

>>57608682
How the fuck would you end climate change entirely with 323 billion? Are they going to use that money to destroy every single car in the world?

>>57607053
Theyve trained wagies to associate rises in wages with doomsday inflation scenarios, even as they shovel barrelsful of our money to any overseas pet project they see fit with no objections from the proles.

>>57606678
Just permanently tie the minimum wage to inflation instead of giving it an arbitrary number.

>>57610137
Homie doesn't know how to maintain a cordial tone. Ngmi in the corporate world. If you're doing to be a corporate cuck, learn to control your emotions when you're met with ideas that contradict your preconceived notions and learn how not to sperg out.

>ctrl f
>communism
>6 million results
I don't think so libtard

>>57608682
>money can stop climate change
11/10 troll here is your (you) saar

>>57608682
>money can end the world hunger
Only if you use that money to create things to kill excess people with
Oh wait, we did. Covid and covid vaccine