nsacpi
Expects Yuge Games
Suppose a family with income of $30,000 gets a $3,000 stimulus check. I'm using these numbers to make the math easy, but I think they are illustrative.
You would need prices to rise by 10% to offset the stimulus check.
The Biden Presidency
- Thread starter The Tariff King
- Start date
Suppose a family with income of $30,000 gets a $3,000 stimulus check. I'm using these numbers to make the math easy, but I think they are illustrative.
You would need prices to rise by 10% to offset the stimulus check.
goldfly
<B>if my thought dreams could be seen</B>
If you are working, it should be a livable wage
I don’t give a **** what the job is
That is radical with some people is wild
I’m sure it makes you feel better to say and believe it though. You’re so important bro lol
goldfly
<B>if my thought dreams could be seen</B>
Nice
You’re joining him to take the quote out of context too
Guess I misjudged you. That’s unfortunate
But to once again clarify and you can go back and read that convo (I won’t hold my breath) and see what I said
The first ones to close weren’t most likely not doing well and couldn’t sustain such issues were most likely on the brink of closing anyway. The longer it went, the most likely others could be affected after that wave
But y’all do you lol
zitothebrave
Connoisseur of Minors
The extending of supplemental unemployment benefits was stupid. Instead of doing that they should have issued a $1,000 a month UBI for all individual income earners under 80K and all combined under 150. Those being declared as dependents get ****ed.
goldfly
<B>if my thought dreams could be seen</B>
My favorite part of this is acting like that’s an unbiased govt agency declaring something to be done that is right/good thing to do etc
That is a private non profit that is essentially a political action committee
Tapate50
Well-known member
I'm not sure how it can be argued otherwise.
McCann'sCans
Gwinnett Bound
The easy solution would be to increase the minimum wage so that we don't have people working full-time jobs earning $15,000 per year. If a $300 weekly check is more than your job currently pays you, that is a problem.
An increase in the minimum wage has widespread bipartisan support across the country and has already passed in Republican strongholds like Arkansas, South Dakota, and Alaska.
An increase in the minimum wage has widespread bipartisan support across the country and has already passed in Republican strongholds like Arkansas, South Dakota, and Alaska.
sturg33
I
Do you think a business should pay more to an employee than the employee adds value to the business?
sturg33
I
So do you now think the government restrictions and lockdowns resulted in a ton of small businesses shutting down?
goldfly
<B>if my thought dreams could be seen</B>
i swear to god man
you're ****ing insufferable and i'd guess purposefully don't pay attention
what part do you misunderstand about the first line you quoted?
maybe we can figure out why this is hard for you when we figure out what part you don't understand
glad you are admitting you didn't pay attention to anything i said months ago when we dealt with this topic and all you have done is misquote me
the longer lockdowns went on, the more help we should have given to people and businesses in doing so. just like i said last time
you're ****ing insufferable and i'd guess purposefully don't pay attention
what part do you misunderstand about the first line you quoted?
maybe we can figure out why this is hard for you when we figure out what part you don't understand
glad you are admitting you didn't pay attention to anything i said months ago when we dealt with this topic and all you have done is misquote me
the longer lockdowns went on, the more help we should have given to people and businesses in doing so. just like i said last time
sturg33
I
$300 a week is the additional federal bonus on top of regular unemployment... The average is around $700 a week to not work right now
sturg33
I
In order to make the same of that working... I'd need to find a job that pays me $17.50 for 40 hours a week.
Of course, Obamacare restrictions really make employers want to keep hourly employees at no more than $32 hours per week. So now you need to find a job that pays $21.87 per hour.
That's just to break even.
Why would someone work 32 hours a week when they can sit at home and make the same income?
So, realistically, we need to pay something like $25/HR for 32 hours... This would allow a worker to make an extra $100 a week (a measly $3.12/hr raise from just sitting home)
Now how many small businesses can afford to pay low skilled employees $25/hr?
Hell, how many corporations can?
Goldy is an idiot who doesn't understand simple math. But McannCans seems pretty bright to me. So I would ask him if it's reasonable to expect a local small business restaurant to pay a bus boy $25/HR? Does that bus boy provide that much value back to the restaurant? (I. E, at least $25/hr of profit)
Incentives are everything to humans... Right now the incentives are stacked NOT to work.
This hurts the people not working. It makes them lazy and dependent, and they aren't gaining any new skills or experience ... But it crushes small business who can't afford to staff their operation just to survive.
Then of course... Unemployment raises and the Dems naturally go to "see?!? We need to give MOAR stimulus"
And that's before we even start talking about the inflation disaster
nsacpi
Expects Yuge Games
The labor force in April was 3.45 million below what it was February 2020. Those people are not drawing unemployment benefits. People who draw benefits are counted as part of the labor force. If you then add a trendline for normal labor force growth, we are more than 4 million below that trendline. So there are plenty (over 4 million) of workers who could be hired. Not even counting those on unemployment benefits.
Of course, the pandemic has changed people's lives in various ways. So maybe not all those 4 million are willing to come back to work. But many, probably over half, are.
And we will see that next month, when job growth will return to the faster pace we saw in February and March. This April non-farm payrolls number is probably just one of those statistical flukes that happens once in a while. I wouldn't make much of it until we see the May numbers. There are actually a large number of people out there for firms to hire. Many not receiving unemployment benefits, and not subject to the disincentives that the extra $300 per week may be causing.
Of course, the pandemic has changed people's lives in various ways. So maybe not all those 4 million are willing to come back to work. But many, probably over half, are.
And we will see that next month, when job growth will return to the faster pace we saw in February and March. This April non-farm payrolls number is probably just one of those statistical flukes that happens once in a while. I wouldn't make much of it until we see the May numbers. There are actually a large number of people out there for firms to hire. Many not receiving unemployment benefits, and not subject to the disincentives that the extra $300 per week may be causing.
Julio3000
<B>A Chip Off the Old Rock</B>
I think it’s a pretty easy argument that if a company (or, more likely, its corporate parent) is making a profit, paying dividends to shareholders, etc, with its lower-end employees making, say, $10/hr, and that it literally can’t open its doors without them, than it *can* afford to pay those employees more, it just doesn’t *want* to. It’s habituated to a system that normalizes the exploration of labor, and feels entitled to the perpetuation of that system, which allows them to extract more of the surplus value of that labor.
The revisions downward in prior months may indicate something something more structurally wrong with the economy and not just the pandemic reason. We will see.
I don’t see much job growth proposals coming aside from more government spending and favor to the consolidated big corporations. Couple that with business owners not having safe cities to transact business in and you are left with something that could potentially look bad after the sugar rush is over.
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