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this post was submitted on 05 May 2026
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The canary in the coal mine.
Editing to reword this since a lot of people who've read this have an elementary school reading level or are intentionally misunderstanding the point repeatedly:
The minumum wage needs to be tied to a living wage. No company that can't pay their employees a living wage has a special divine right to exist. Increasing the minumum wage will hurt some people—mostly the rich, but this will absolutely hurt some poor people too. There's no economic policy that will have zero consequences for people at the bottom. We've seen in the past that exploitative companies go under when wages increase and I think that's actually a good thing & I'd love to see many employers and landlords lose their wealth. Our goal as a society shouldn't be to increase jobs and profits numbers, but to strive to increase the quality of living for everyone, especially those near the economic bottom.
H̶o̶t̶ t̶a̶k̶e̶, b̶u̶t̶ I̶ t̶h̶i̶n̶k̶ a̶ m̶a̶s̶s̶i̶v̶e̶ r̶e̶s̶e̶s̶s̶i̶o̶n̶ w̶o̶u̶l̶d̶ u̶l̶t̶i̶m̶a̶t̶e̶l̶y̶ b̶e̶ g̶o̶o̶d̶ f̶o̶r̶ t̶h̶e̶ a̶v̶e̶r̶a̶g̶e̶ p̶e̶r̶s̶o̶n̶ i̶n̶ t̶h̶e̶ l̶o̶n̶g̶ r̶u̶n̶—e̶s̶p̶e̶c̶i̶a̶l̶l̶y̶ c̶o̶u̶p̶l̶e̶d̶ w̶i̶t̶h̶ a̶ m̶i̶n̶u̶m̶u̶m̶ w̶a̶g̶e̶ i̶n̶c̶r̶e̶a̶s̶e̶. I̶'m̶ s̶o̶ t̶i̶r̶e̶d̶ o̶f̶ b̶u̶s̶i̶n̶e̶s̶s̶e̶s̶ a̶n̶d̶ p̶o̶l̶i̶t̶i̶c̶i̶a̶n̶s̶ b̶r̶a̶g̶g̶i̶n̶g̶ a̶b̶o̶u̶t̶ j̶o̶b̶ c̶r̶e̶a̶t̶i̶o̶n̶. A̶l̶m̶o̶s̶t̶ e̶v̶e̶r̶y̶o̶n̶e̶ I̶ k̶n̶o̶w̶ w̶o̶r̶k̶s̶ 5̶0̶+̶ h̶o̶u̶r̶s̶ a̶ w̶e̶e̶k̶ j̶u̶s̶t̶ t̶o̶ m̶a̶k̶e̶ i̶t̶ b̶y̶. W̶h̶a̶t̶ w̶e̶ n̶e̶e̶d̶ i̶s̶n̶'t̶ m̶o̶r̶e̶ j̶o̶b̶s̶, w̶e̶ n̶e̶e̶d̶ b̶u̶s̶i̶n̶e̶s̶s̶e̶s̶ t̶o̶ c̶l̶o̶s̶e̶ d̶o̶w̶n̶ i̶f̶ t̶h̶e̶ o̶n̶l̶y̶ w̶a̶y̶ t̶h̶e̶y̶ c̶a̶n̶ a̶f̶f̶o̶r̶d̶ t̶o̶ s̶t̶a̶y̶ o̶p̶e̶n̶ i̶s̶ s̶t̶a̶r̶v̶i̶n̶g̶ t̶h̶e̶i̶r̶ e̶m̶p̶l̶o̶y̶e̶e̶s̶.
You think it will help? The first thing that'll happen when a recession hits is people will be laid off en mass and there will be no jobs available to apply for. It will take months or years for things to get better, and if AI starts replacing people it will take even longer.
I think the "stable genius" has already caused a massive recession. We are just seeing the first signs of it but it's not something to look forward to. It will cause widespread misery before anything improves.
2008 never actually ended that while thing just kept getting pushed back by all the bullshit that's been happening and ever since shit has just gotten worse. Civid helped people with the free money but that only made things worse. The current ai bubble is what is holding whatever is left up. And this "war" is just compounding everything even more.
Before you blame everything on one guy, let's not forget the US government is 435 in Congress, 100 in Senate, and 4/10 think POTUS is doing a great job and 90 million don't want to be in a democracy and do not participate.
It's as if maybe the real problem is not one guy, it's as if maybe the real problem is a country that only cares about a quick buck.
Who are you? Alan fucking Greenspan?
"Hot take, but I hope to see the lives of millions of innocents ruined via means I can't even spell because I lack the basic empathy to understand what true financial struggle is and would probably be basically fine. I am a very smart accelerationist."
I think you missed the point. I think (as I stated) that companies shouldn't exist that don't pay a living wage. Millions of jobs going away is fine by me because I come from the real world where everybody is working 2-3 jobs to make ends meet. I can see why you believe that losing a job would be devastating, but most of us would be glad to be in your position where we depend on a single income to survive.
Oh, you mean the one where the past two resessions [sic] worked out so great for everyone and didn't just redistribute wealth even more heavily to the top? That real world? Wow, can I come over there sometime? That sounds incredible!
I remember when the minumum wage was increased under Obama, inflation stopped and actually reversed for awhile. I know you don't have much to offer other than snark, but I think it's worth saying for other people who read this that you're heavily guessing what it's like to live in poverty. I grew up in homeless shelters—when my family finally got into government housing I had to steal from grocery stores for my family to eat. If you think being jobless or homeless are the most terrifying things that could ever happen to someone you've had a very blessed life.
Oh my god, yup, we're definitely dealing with someone who doesn't know how to spell "recession". I wonder what people trapped in debt (you know, the poor) think of your stupid fucking braindead idea of deflation as apparently a good thing.
As a person drawing in debt, I wish for the total collapse of the current economic system and its institutions, including banks and credit unions.
As someone who was raised as poor and is now a poor adult, nothing would be better than temhe total collapse of the economy similar to 2008 but just on a even larger scale.
Future generations? Sure. Present day citizens? No. We just last year gained some progress from 2008.
If we're ever able to see a wage increase (lol) I can tell you without a doubt it's not during a recession or afterwards.
I mean sure. But do know rich people will be fine. The rest of us will be homeless. You'd think that there would be a need to fill the void, but rich people do not care.
Wages go up when there's worker scarcity, not when there's worker surplus.
To be clear, I think you're missing the point entirely. The entire US economy is about to be in freefall.
Thanks Obama.
The tan suit was really the nail in the coffin. Not even Trump could save us from the fallout of that desaster.
Maybe it'd be better for our great grandchildren (admittedly, a very worthy goal if we could be sure). I doubt it's going to make things better for anyone alive on this planet right now.
Edit: when I say anyone, I of course mean you and I and our friends and families. There will be people getting rich but I don't think they're like us
This points anywhere IS the recession. What you're about to experience will be at best a depression or the 4th collapse.
You could maybe say they gave up the ghost.
My wife and I have been buying seedlings like mad. Also bought a lot of ammo.
Seedlings take years to grow into large fruiting trees. Best tine to have bought them would have been under trump’s first presidency.