/biz/ - Business & Finance

[Anonymous No.25616872]

Are you ready for hyperinflation /biz/?

[Anonymous No.25616897]

Bitcoin $1,000,000 EoY

[Anonymous No.25616907]

yes

[Anonymous No.25616934]

>>25616872
Wouldn't bet on democrat senate control

[Anonymous No.25617003]

>>25616872
States and counties should just determine their own minimum wage. Thinking someone in San Francisco should have the same minimum wage as someone in rural South Dakota is retarded.

[Anonymous No.25617110]

Big Corporations LOVE minimum wage increases because:

1. They can afford to lose a bit of money while their small/middle size business competitors can't. Minimum wage hikes are in fact an excellent way to get rid of smaller competition and form a monopoly.

2. Corporations don't even have to pay the price of higher minimum wages because they have the money and resources to install AI/Computer/Robots in place of workers (see: Mcdonalds installing computer Kiosks for orders) while a small restaurant can't and will close down.

[Anonymous No.25617142]

>a small fraction of the workforce making more money is going to trigger hyperinflation

Yeah ok, printing a gorillion dollars this year didn't do it but forcing a Jewish corporation to pay cleetus $4000 more per year to work at walmart is the end of the line.

[Anonymous No.25617146]

Big Government LOVES minimum wage increases because:

1. Creating a small business is one of the strongest and most timeless methods of going up the economic ladder. Small businesses brought countless families up from the low ---> Middle ---> Upper class. It is what makes or breaks the middle class. Ease of starting/running small business is the indicator of a HEALTHY MIDDLE-CLASS DOMINANT ECONOMY. Small businesses are important because they are independent and compete with megacorporations, preventing monopolies. Increasing the minimum wage to ludicrous amounts only kills the small businesses while giving large corporate chain competitors a clear edge.

2. Closure of small/medium size businesses eradicates the middle class, creating a larger low income low class population dependent of big government welfare and minimum wage increases. Leftists promising welfare and government public service jobs will always win the elections and never lose. The nation will end up becoming a leftist run welfare plantation with happy slaves asking for more welfare while working at McDonalds.

[Anonymous No.25617175]

Funny how 30T of spending on Israeli wars, corporate welfare and foreign aid never cause hyperinflation but a 2k check and $15/hr minimum wage will.

[Anonymous No.25617183]

>>25616907
holy shit i just had an epiphany

[Anonymous No.25617190]

>>25616934
They won. Dems now control every branch of the US government.

[Anonymous No.25617200]

>>25616872
Nah we should do what they did in Nazi Germany. Any kike raising the price of food or rent should be gassed when the minimum wage increases.

[Anonymous No.25617208]

>>25616934
cope

[Anonymous No.25617224]

major employers like amazon are already paying a $15 minimum wage. this will have little if any effect on inflation.

[Anonymous No.25617225]

>>25617190
Manchin and that one democrat senator from Maine (?) votes Republican 50% of the time. It's still game.

[Anonymous No.25617233]

>>25617183
please tell

[Anonymous No.25617246]

>>25616872
Trust me, the dems are corporate bootlickers just like the republicans. They wont fight for anything.

>>25617190
And they will do the exact same thing trump did with it: give money to Israel and none to white people.

[Anonymous No.25617250]

The Democrats are the one they will bring balance back to the neet force

[Anonymous No.25617264]

>>25617146
small businesses have been decimated by covid already. it doesn't really matter

[Anonymous No.25617275]

This is the beginning of the end of The Empire States of Americana. REJOICE. ALHAMDULLILAH!

[Anonymous No.25617277]

>>25617224
It's because universal minimum wage increase laws are carefully designed to kill small businesses, not corporations.

[Anonymous No.25617307]

>>25617264
So you're happy with kicking small businesses while they're down? That's just heartless anon.

[Anonymous No.25617328]

>>25617175
This. Never any concern when we bailed out boomer stock portfolios and jew owned companies for 5trn dollars twice in one decade (2007 and corona crash)

>>25617225
You realize that even Elizabeth Warren voted the same way trump wanted 60% of the time right? They are all on the same team.
I want my white GIBS desu, no more jew and nigger gibs.

[Anonymous No.25617408]

>>25617146
Ever heard of economies of scale? Small businesses are inefficient. They do have other benefits though.

You are an american as this isnt the case in Europe for your second point. You analysis completely skips over the Gig economy and zero hours contracts which is how corporations actually circumvent minimum wage laws.

[Anonymous No.25617565]

>>25617408
Smaller businesses are inefficient, but its existence is beneficial for everyone's wallets in the long run. See how more predatory a megacorporation is with pricing and practices (e.g. Amazon) after they are confident that they have no longer have any competitors.

>You analysis completely skips over the Gig economy and zero hours contracts which is how corporations actually circumvent minimum wage laws.

Yes but my main point was that with the large corporations' ability to roll out automated and AI workers much faster than anyone else, they won't have to circumvent any minimum wage laws at all.

[Anonymous No.25617584]

>>25616872
LINK $1000 CUP OF COFFEE EOY

[Anonymous No.25617591]

>>25617264
>no goy, you don't need to be a shopkeep, leave that to us

[Anonymous No.25617607]

>>25616872
shouldnt it be closer to 50$ consider inflation since ww2

[Anonymous No.25617650]

>>25617607
No

[Anonymous No.25617672]

>>25617183
and that would be?

[Anonymous No.25617705]

>>25617650
If only the cost of living also remained flat..

[Anonymous No.25617713]

>>25617110
good post

[Anonymous No.25617748]

>>25617142
walmart isn't jewish you dumdum

[Anonymous No.25617756]

>>25616872
>all in crypto
I'm ready

[Anonymous No.25617768]

>>25616934
Fox just confirmed Ossof bro

[Anonymous No.25618006]

>>25616872
lol im the retard for clicking reply to this bait

[Anonymous No.25618084]

>>25616907
Based and reserve pilled

[Anonymous No.25618185]

Minimum wage doesn't cause inflation, most food in the grocery store is wasted. They could just lower the price of everything to a clearing price before it expires if they wanted to empty their inventory.

What it does is slows the rate of hiring because companies that hire low-wage workers get their margins affected so they try to get away with less labor or cheaper or avoid bringing new people on.