There is just no advantage to being poor in America.
Why should there be an advantage to being poor?
Poorest US workers hit hardest by slowing wage growth
81–90 of 354 posts
Re: Poorest US workers hit hardest by slowing wage growth
#82Earlier quoted context omitted.
[flagged]
> love the argument that deporting illegals is meaningless Red herring. Nobody said this. My point is Trump isn’t deporting that many people. His numbers are not economically meaningful compared to tariffs. To the extent there are labour pools that would benefit from deportation, they’re geographically concentrated along the border. If Trump wanted to remove illegals from the American labour pool, he’d target employe…
It sounds like you support deporting illegals, as long as we also eliminate tariffs (?)
Re: Poorest US workers hit hardest by slowing wage growth
#83Earlier quoted context omitted.
Perhaps if we taxed the billionaires more we could subsidize increased wages for small business owners or even do something actually good like provide universal basic income so that they cannot be so easily exploited for wildly undervalued labor
The value of labor is what people are willing to pay for it.
Deliberately underpaying people and then telling them their work has low value is one of the most disgusting aspects of capitalists. There's lots of CEOs who are not especially productive, they just have leverage.
Re: Poorest US workers hit hardest by slowing wage growth
#84Earlier quoted context omitted.
> love the argument that deporting illegals is meaningless Red herring. Nobody said this. My point is Trump isn’t deporting that many people. His numbers are not economically meaningful compared to tariffs. To the extent there are labour pools that would benefit from deportation, they’re geographically concentrated along the border. If Trump wanted to remove illegals from the American labour pool, he’d target employe…
It sounds like you support deporting illegals, as long as we also eliminate tariffs (?)
> sounds like you support deporting illegals, as long as we also eliminate tariffs
I’m saying irrespective of what you and I believe, the current administration isn’t meaningfully deporting anyone.
(To the extent I have policy views on this, it’s for coherence. You can’t do disruptive deportations while ignoring criminals all while launching on again off again tariffs which preclude both long-term domestic investment and trade-barrier reductions.)
Re: Poorest US workers hit hardest by slowing wage growth
#85Earlier quoted context omitted.
> Decades of worsening conditions for the commoner is Ron Wyden's idea of a booming economy. Democrats are useful idiots. I can't anymore, folks. Republicans passed the largest tax cuts for billionaires, increased the deficit by trillions, and kicked millions of people of medicaid. Meanwhile, Trump is out there creating the most regressive tax system via tariffs we've ever seen which affect the poorest the most. Yet…
> Trump is out there creating the most regressive tax system via tariffs Tariffs incentivize domestic production. See the case of chicken tax and pickup trucks. While we do pay for tariffs now, later down the road we should not as more things would be made domestically. If you don’t do tariffs, there is no way to force producers to onshore.
> Tariffs incentivize domestic production
Stable, long term tariffs. We’re seeing historic falls in manufacturing employment for a reason.
Re: Poorest US workers hit hardest by slowing wage growth
#86Re: Poorest US workers hit hardest by slowing wage growth
#87Earlier quoted context omitted.
Even in the most facile analysis: Reduced labor availability either (a) decreases supply due to failure to harvest or (b) increases prices due to increased labor costs and therefore drives inflation higher faster than bottom-tier wages can accommodate.
It increases automation and therefore productivity. It increases the demand for legal unskilled labor. Money earned is spent in America rather than sent to foreign countries as remittances
Reduced labor by executive power doesn't increase automation, it introduces a labor shortage.
https://en.wikipedia.org/wiki/Shortage
Increased capacity utilizing automation would introduce automation
https://en.wikipedia.org/wiki/Productive_capacity
Increasing demand doesn't magically necessitate that technological resources sprout from nothing to replace human resources.
An introductory macroeconomics source instructs one on this
https://www.khanacademy.org/economics-finance-domain/core-fi...
Re: Poorest US workers hit hardest by slowing wage growth
#88Earlier quoted context omitted.
Such an organization cannot exist. These agencies are always balancing two opposing forces, timeliness and accuracy. Data collection is inherently delayed (e.g. a lot of it is from surveys that businesses complete at their own speed, or from reports that each state/agency submits on their own timeline.) So collection for a given quarter typically completes long after the quarter is over, and then it takes some time t…
They shouldn’t announce until it’s accurate then?
[deleted]
Re: Poorest US workers hit hardest by slowing wage growth
#89Works if/when archive.today is blocked No Javascript required x=https://www.ft.com/content/cfb77a53-fef8-4382-b102-c217e0aa4b25 echo url=$x|curl -K/dev/stdin -A "Mozilla/5.0 (Java) outbrain" > 1.htm firefox ./1.htm
Why does this work for the FT site?
Re: Poorest US workers hit hardest by slowing wage growth
#90the min wage is long overdue, its should be somewhere near $25/hr this is how you 'tax' billionaires
Why not $250/hr? Or $2,500/hr?