Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

Post by Karrot_Kream » Fri, Mar 25, 2022, 4:58 AM UTC

scarface74 wrote: post #393

Karrot_Kream wrote: post #304

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EITC is too little too late. I agree that this is the job of the government, to make sure everyone has livable wages, but basing something on an optionally claimable tax credit which most low/moderate income people are only dimly aware of and gives you a net payment from the IRS doesn't help when the cost of living rises suddenly and you face the question of eviction. In general the US government is very bad at handi…

And you expect every private business to do it?

Post by danielmarkbruce » Fri, Mar 25, 2022, 5:03 AM UTC

dlp211 wrote: post #168

bjterry wrote: post #35

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The headline is deceptive as written. It's an executive at an Applebee's franchisee with 47 restaurants, not the chain itself.

This is a distinction without a difference. I don't care that different Applebee's are managed by different groups. It never ceases to amaze me the way that people with any type of power treat and think about people with less power.

Post by rfrey » Fri, Mar 25, 2022, 5:20 AM UTC

kevin_thibedeau wrote: post #455

grapeskin wrote: post #427

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I know people living in those famously cheap Midwest areas people online always propose as the obvious solution to avoid high rents. Rents even in nowhere areas have blown up recently. And remote work really won’t change rents much for normal people. People want to live where their family and friends are, where some good restaurants are, where some good weekend activities are, where some nice nature is an hour or two…

> Rents even in nowhere areas have blown up recently. Home owners are snapping up rentals to prepare to sell their property at market peak.

Post by id02009 » Fri, Mar 25, 2022, 5:32 AM UTC

judge2020 wrote: post #454

arvinsim wrote: post #453

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Personally, I think one of the greatest mistakes of capitalism is to make property an investment asset.

Nobody made it an investment asset, it just happened as certain pieces of land grew more valuable for practical reasons. This is unavoidable unless you make it so you can't sell property, which would also mean you can't buy property - the government would need to manage peoples' needs based on family size and do the maintenance of maintaining property to the same level as landlords.

Post by bombcar » Fri, Mar 25, 2022, 5:46 AM UTC

id02009 wrote: post #486

sokoloff wrote: post #466

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In a rising rates environment, house sale prices tend to fall (or rise much more slowly at best).

Really? Can you share more about this mechanism? I actually noticed someone opposite (are maybe it's the same mechanism) in the area I live in: House sale prices are rising like everywhere else, but rents stay mostly flat. I'd love to learn more about it.