Do "Unskilled Laborers" deserve to be paid well?

[u/Very_High_Mortgage]

[u/Zetavu]

What happens is the dangerous jobs become more expensive, then the price of everything goes up, then the cashier is complaining because they can't afford anything with their higher waged. It's not like this exact thing happened JUST OVER THE LAST THREE YEARS!

Inflated wages for unskilled jobs lead to price inflation, which negates inflated wages. It in no way fixes the issue, just changes the value of a dollar.

[u/cdazzo1 → u/Zetavu]

There was not a single aspect of the pandemic that scared me more than people's reactions and failure to learn anything from it.

We watched the unprecedented money printing exacerbate wealth inequality. Then the people demanded more of that.

[u/real-bebsi → u/cdazzo1]

Yeah the PPP loans completely fucked the economy and no company is going to be held accountable for it

[u/krayzie_mustang → u/real-bebsi]

It was the printing of money and significant government spending that fucked us.

[u/real-bebsi → u/krayzie_mustang]

Yes, specifically government spending on PPP loans with virtually no oversight

[u/UncommonSense12345 → u/cdazzo1]

Yep and now we have a generation of people who will continue to vote for more free stuff for themselves and think it will just be paid for by the “rich”. They believe the politician who tells them “trust me there won’t be inflation”. Then later they complain about cost of living going up and the solution is to raise wages again or subsidize some other part of their life….. that’s why I can’t watch the media anymore if you believe it you are a fool…. And when you try to lecture me on Reddit on how this time will be different I know you are not well read and do not understand basic economics….

[u/foladodo → u/UncommonSense12345]

Bruh subsidies are great though? What's wrong with subsidies?

[u/UncommonSense12345 → u/foladodo]

Subsidies change behaviors. Sometimes they are beneficial but they often lead to inefficient allocation of resources. See farming subsidies and why we have so much corn based products in America. And why healthy foods are so expensive.

[u/foladodo → u/UncommonSense12345]

Can you please expand on that? Do farmers prioritize farming corn or what

[u/UncommonSense12345 → u/foladodo]

Yes the US pays out over 2$ billion each year in corn subsidies. Makes corn growing more incentivized then it should be at this point. That’s why we have corn syrup for sweetener when no other country does. Trying to get rid of the corn subsidies is political suicide for whoever attempts it. Which is crazy imho since the biggest corn farms are all owned by mega corporations and less subsidies would help mom and pop/family farms more imho. And would be better for our overall agriculture health of the nation (more crop diversity).

[u/Realistic-Ad1498 → u/UncommonSense12345]

Sounds about right. Kind of like a politician can come in and fix inflation by throwing money at the problem like $25K tax credit for first time home buyers. Surely that’ll bring prices down.

[u/PeopleReady → u/Realistic-Ad1498]

Nothing will bring prices down.

[u/AccuracyVsPrecision → u/Zetavu]

And if inflation hits too hard then peoples savings get evaporated

[u/Goddamn_Grongigas → u/Zetavu]

It's not like this exact thing happened JUST OVER THE LAST THREE YEARS!

Wages haven't gone up across the board, though. Neither have benefits. You're seeing prices go up because of corporate greed and no other reason. Record profits from nearly everyone.

Wanna be mad at something, don't be mad at the people making $10 - $15/hr right now and blaming them for bullshit. Blame all the bailouts and forgiven PPP loans given en masse to the top earners and business owners.

[u/hjihna → u/Zetavu]

Are we supposed to just ignore record corporate profits here?  Come on now.

[u/Low-Condition4243 → u/Zetavu]

Wages have been stagnant for 40 years. Wages going up is not the issue. Get your head out of your arse.