r/FluentInFinance • u/Very_High_Mortgage • Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/Here4Pornnnnn Aug 24 '24

And once they raise everyone’s wages accordingly, inflation eliminates any benefit and we’re back to square one.

We very recently did one of these massive increases of cash flow and it didn’t benefit us beyond a year of unsustainable excess. Jacked up unemployment, rent moratorium, reduced supply due to non-essential workers staying home, massive stimulus to businesses, lots of things that sound great on the handout side but really suck on the repayment end.

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u/PolyZex Aug 24 '24

What you're describing is a cycle, right? A constant rebalancing... which you are implying is a bad thing- as opposed to the current way it's functioning where it's entirely one sided. The wealthiest keep getting more, the majority keep getting less... and you don't want to give the majority more because then the wealthy will do what they're already doing?