378
To End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hour (www.commondreams.org)
submitted 5 months ago by to c/progressivepolitics@lemmy.world
136 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 5 months ago (3 children)

How tf am I the bad guy here? I said, unless the busted system is fixed (aka the root problem) we're just going to be back at this exact same thing in a few years. That's massive inflation. Which you called, fixing the root problem, requiring a magic wand.

But somehow I'm the bad guy? Because I dare say the short-term fix isn't a long-term fix?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 1 point 5 months ago (2 children)

    Because you are arguing against progress with the argument it is effectively useless. It isnt and it is a step in the right direction.

    You didnt argue that the short term fix wasnt the long term fixyou agued the short term fix is an asset to the long term problem.

    Data shows increases in min wage to liveable wage do not get proportionally passed onto consumers ad if they did they would create anopportunity for someone to charge 10 dollars for coffee per your example.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 4 months ago (1 child)

    Does that data exclusively focus on the last 6 years, with companies reporting profits that put previous years to shame? Going to guess no. Does that data exclusively focus on just the US, or does it add in nations that it would work.

    Because here's nvidia. From 2012-2019, they operated at 1 billion a quarter, ended on 3 billion in 2019. They did 68 billion last quarter.

    You want me to post a bunch of other stocks? I can and they'll all tell the same story. If wages go up, then these companies are going to increase prices. Have you seen gas? Eggs? The slightest bit that might hurt their proffits gets passed to the customer and then a little more for more profit. Should we talk about how housing costs have gone up? All the houses near my parents, all doubled to quadrupled in "value" on Realtor.com one day. A house that was maybe 112K jumped to 300K in a single day, all over. Or car prices being closer to 100k than 20k.

    2018, I probably would have agreed with you. Plenty of evidence in Europe of that working. But, this is America. We have data that shows, unless you solve the root problem first... you've not solved the problem. The recent trends, in America, clearly state that these CEOS, these people who went from maybe having a billion dollars (which is already pretty fucked) to being 100-billionaires to trying to become the first trillionaire.... Maybe, it's time to accept reality and increasing the minimum wage by itself, won't do shit. You'll just have 10$ coffees or $25 Happy Meals.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 1 point 4 months ago*

    Hi, yes the data is from California 2025, one of the highest cost of living areas in the US.

    I am not saying dont fix further issues but you will die of a fever waiting on the cure.

    Your last line says it all, the data shows this to be untrue and your line acts as if I am aguing for this as a single fix all action.

    You are arguing emotionally and in bad faith.

  • permalink
  • fedilink
  • source
  • parent