/lit/ - Literature

[Anonymous No.19702256]

>5 years ago all those shit minimum wage jobs paid 7.25
>now they pay 13-15 an hour
>mfw I currently make 16 at my first job out of school
Uh, so are they gonna give me more money too or am I just poor forever now? Surely one of you nerds that studies economic theory all day, a real marxist or smithian or something, can tell me if I'm fucked.

[Anonymous No.19702263]

What was your major?

[Anonymous No.19702284]

>>19702256

We're entering a classic inflationary death-spiral. The problem is that every government in the world ruined their fiat currency simultaneously, so purchasing power is superficially similar for day-to-day items.

Basically you'll have plenty of fiat but it won't buy anything important or lead to any opportunity to escape the labor market.

[Anonymous No.19702287]

>>19702263
Wildlife. I help make sure that deer populations don't die from disease and live alone in the woods. Was I supposed to predict that the government would print a lot of money in 2021?

[Anonymous No.19702432]

>>19702287
there's a hiring shortage is all and you have the foundation for a career (though McDonalds business school sounds pretty clutch)

[Anonymous No.19702655]

>>19702287
If you didn't figure out that the US has to print trillions every year just to finance its debt by the end of college then you weren't paying attention. Now go buy BTC with what's left over after your living expenses and enjoy the outdoors. You'll be fine.

[Anonymous No.19702693]

>>19702256
Inflation runs at long term 3% (not counting housing).
Long term wage "rises" are sub 3%.
Capital is super 3%.

However the material constitution of the wage varies *absolutely* in relation to the production costs of the constituent economies, and in particular imperialism.

Chinese workers' clothing constitutes a similar set of use values to your clothing. However they pay [FOR EXAMPLE] 30% of a [FOR EXAMPLE] USD~3/h wage. Whereas you pay [fe] 30% of [fe] USD16/h.

Equating monetary values at capital exchange rates doesn't help here. Use-values are not fungible (but Bob *enjoys* being raped for work). Percent wages aren't relevant.

All that matters, and here we return to Marx in Volume 1 particularly Length of the Working Day and chapters on intensity, is CONTROL OVER LABOUR POWER AND CAPITAL.

You'll learn to live on $16 all spent, or $32 all saved, but you'll never get control over your life.

Anyway, there's your Marx. Join your fucking union. Shoot your fucking boss. If you want more details:
Socialism Utopian and Scientific
Condition of the Working Class in England
Wage Labour and Capitalism
Contribution to a Critique
Volume 1

[Anonymous No.19702710]

>>19702256
>>19702287
oh, hey! that's actually super cool. but yeah, you're fucked.

[Anonymous No.19702722]

>>19702263
NTA, but my first job out of school as a math major was customer service for 17 an hour.

[Anonymous No.19702739]

Every time I switch companies I get a raise.

[Anonymous No.19702748]

>>19702256
Their goal is to destroy the upper lower, lower middle and middle middle classes by destroying our currency while simultaneously equalizing the pay of both groups whereas the middle class (whites) will know they're being fucked but are too pathetic and cowardly to do anything about it, and the braindead lower class (niggers, spics, white women, etc.) will think they're finally being paid fair wages now even though they're making the same pay as when they started when adjusted for inflation

[Anonymous No.19702749]

>>19702287
You're paying the cool job tax. You're underpaid because you get to do something you might actually enjoy. If you complain, you're easily replaceable.

[Anonymous No.19702750]

>>19702287
this is your WWI, your great depression OP. sometimes history just shits on a generation and it picked ours. you did everything you were supposed to and sounds like the work you do is noble. my condolences.