831–840 of 1001 posts
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Of course, it's easy to look at the last ten years and nudge the number up. Retiring in 40s is a pretty big decision. It's not impossible to re-enter the professional workforce in your late-40s or 50s, if things don't work out, but it will almost certainly not be easy.
Is it even possible to access US pension savings in your 30s or 40s? In the UK tax advantaged pension accounts cannot be accessed until you're 55 (and 58 for my generation)
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Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…
You're in for a rudest of all awakenings. You cannot demand salary to be raised without understanding business will be looking elsewhere to fulfill business needs , and will be outsourcing actual labor. Business that can't be outsourced in such conditions (restaurants, hospitality) will be forced to shut down when outsourceable business lays out local workers and replaces them with someone half a world away.
Not only that, but the social and political ramifications of having not only blue collar workers out of a job, but also the PMC class as well. You want a revolution? Cause that is how you get one.
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The company that the candidate previously worked for is typically not permitted to say anything about the candidate without prior authorization. Your proposed solution is not workable. I've previously hired contractors with minimal interviewing because they came from a trusted partner to my organization, so I asked the partner about their productivity and skills and they were given good reviews relative to what we we…
> The company that the candidate previously worked for is typically not permitted to say anything about the candidate without prior authorization. Your proposed solution is not workable. You're right in that HR of their previous (likely current) employes won't say or allow saying anything. But of course they're likely not giving as references their current boss, for obvious reasons. Their previous bosses though, who…
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Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…
You're in for a rudest of all awakenings. You cannot demand salary to be raised without understanding business will be looking elsewhere to fulfill business needs , and will be outsourcing actual labor. Business that can't be outsourced in such conditions (restaurants, hospitality) will be forced to shut down when outsourceable business lays out local workers and replaces them with someone half a world away.
Outsourcing has costs on it's own but it makes sense for America to artificially inflate those costs to maintain its consumer market. America eats the world and through doing so provides a lot of liquidity to the international market. Whether that is just or whether it should specifically be America is up for debate - but it does have the power for force others to play by its rules within certain limits.
Bare naked capitalism isn't so far off from an anarchic free-for-all with spiked clubs.
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There’s no “labour” shortage. There’s a “wage” shortage. Companies aren’t really complaining about a labour shortage. They’re complaining that no one wants to work for their ridiculously low pay while the board and CEOs sail around in their yachts.
Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…
Sure it is, but who pays the price at the end?
an example is the inner city food deserts
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You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.
Even worse: Unless you pay private insurance yourself, the quality of the free insurance (at your nearest vårdcentralen) is absolutely laughable. My family of 4 pays about 1800 SEK/month for private insurance to actually have a chance to see a competent doctor.
It is hard to overstate how bad US healthcare is for the typical American. If you are wealthy, you have access to some of the best doctors in the world, but for the rest of us we are entirely dependent on our employer for access to reasonable health care.
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But it is fair to say that economies that look remarkably like our own are able to support higher wages with no catastrophic downsides. The same argument goes for universal healthcare, family and sick leave, etc.
No I don't think that is fair at all and I feel that you need a source that dives deep into the details because it is far more complicated than X country's wages > U.S. wages.
I am saying there are a dozen countries, including several that are extremely similar to the US, that not only have higher wages, and higher minimum wages, but also extensive paid family and vacation leave, universal healthcare and a wide range of quality of life metrics around or above what we see in the US.
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Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…
You're in for a rudest of all awakenings. You cannot demand salary to be raised without understanding business will be looking elsewhere to fulfill business needs , and will be outsourcing actual labor. Business that can't be outsourced in such conditions (restaurants, hospitality) will be forced to shut down when outsourceable business lays out local workers and replaces them with someone half a world away.
It sounds like maybelsyrup has it right, and it's these business owners who are in for the rude awakening. There's a rootbeer stand near me that has a message on their menu saying, "if minimum wage is raised to $15, our prices will go up 10%." They charge $3.60 for a pretty good cheese burger. When I read that message, I sit there thinking that the owner is an idiot. At $4.00, the burger is still a better deal than McDonalds and $15/hr is a solid wage in this area.
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Yeah it really is hilarious in a way, because you can take many business owners' constant blathering about the so-called free market and throw it right back in their faces: "No one wants to work for poverty wages in my shitty restaurant!" Sucks bro, that's the market. Raise your wages. "If I raise my wages I can't stay in business!" Sucks bro, that's the market. Make your restaurant less shitty and get more business.…
You're in for a rudest of all awakenings. You cannot demand salary to be raised without understanding business will be looking elsewhere to fulfill business needs , and will be outsourcing actual labor. Business that can't be outsourced in such conditions (restaurants, hospitality) will be forced to shut down when outsourceable business lays out local workers and replaces them with someone half a world away.
Like some other commenters, and many thousands more in the broader discourse, you're speaking from a position of "this is the way things are and they can't be changed, so there".
My main point isn't to argue for this or that particular policy. My main point is that the world can be different. People motivated to change it will find a way to do so. In matters like these, arguments for economic determinism are borderline defeatist.
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No I don't think that is fair at all and I feel that you need a source that dives deep into the details because it is far more complicated than X country's wages > U.S. wages.
I am not saying "X country's wages > U.S. wages". I am saying there are a dozen countries, including several that are extremely similar to the US, that not only have higher wages, and higher minimum wages, but also extensive paid family and vacation leave, universal healthcare and a wide range of quality of life metrics around or above what we see in the US.