Politico: Low Wages Are A Good Thing For Workers

A reporter for mainstream media outlet Politico recently published an article stating that the labor force of the United States could actually be benefitting from stagnant, non-increasing wages for workers while inflation soars. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. kzbin.info...
Read more HERE:
www.politico.c...
"Wage gains for American workers are beginning to slow, threatening one of the few positive trends for the economy since the pandemic. But that could be good news for the nation’s labor force.
The government on Wednesday reported that inflation soared 9.1 percent in June - the biggest 12-month jump since November 1981. Prices rose across the board, but not because of salary increases, which have actually leveled off in recent months."
/ 1547586564334632962
“notice how no ever says slower wage growth for CEOs would help inflation”
***
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220714__TB01_Debunked_Mainstream_Media

[@nirmalsuki]

As a professional writer myself (not a journalist, and not a political writer), I can tell you with 100% certainty, that articles like those are manufactured by a board in brainstorming sessions. The writer is just a name they can fire if things go south.

[@henryford2950]

I'm sure corporate America paid Politico handsomely to say this.

[@lornenoland8098]

Macro-economics 101: Strongest economies have the most people possible with the most disposable income possible.

[@chrisgregory3063]

You mean trickle down economics isn’t working?!

[@tureytayno3154]

Yes, but that kind of logic get in the way of their greed, Lorne.

[@simplylovie007]

I love Anna's passion on these corrupt politicians

[@judithcoloma613]

I am a retired nurse. I worked at a large medical center in Seattle, one of the country's highest-cost cities. Our wages were stagnant for at least 10 years. The CEO of the healthcare system makes over 5 million dollars a year. He whined ( you heard me) about nursing staff being so overpaid and taking most of the revenue from the medical center already. We were then threatened with layoffs and some of us old timers, like myself, who "cost the most" were encouraged to take early retirement. Then COVID hit. Do I need to say more?

[@tureytayno3154]

Companies can deduct the CEO salary as an expense. If you eliminate that deduction you will see CEO salary go down, Judith.

[@hunternedib1119]

@@tureytayno3154 Eliminate a payroll deduction? Brilliant!

[@judithcoloma613]

@@tureytayno3154 Oh, that makes sense. Really? So then that healthcare CEO will only take home 3mil with bonuses.

[@BarnacleBoy42069]

Low wages just mean near-zero disposable income, which means a shit economy where the only people making money mostly are landlords, oil and utility companies. Is that really what they want? It just doesn't make sense long term.

[@thelaughingstormbornagain1297]

Thank God we have Politico to tell us the hard truths. Like about how billionaires should definitely have more we should have less. Think of the struggling billionaires TYT.

[@jameskenneweg7609]

What makes you think you’re entitled to anyone else’s money?

[@thelaughingstormbornagain1297]

@@jameskenneweg7609 You should write for Politico. They'd love they attitude.

[@jameskenneweg7609]

@@thelaughingstormbornagain1297 If I do decide to write for Politico, how much of my paycheck should go to you?

[@thelaughingstormbornagain1297]

@@jameskenneweg7609 Being a writer for Politico wouldn't make you a billionaire. You know the people I've been talking about this whole time. You're playing dumb as if you think asking billionaires to pay their fair share in taxes is like asking every regular person to personal send me their money. Stop playing dumb.

[@noel7777noel]

@@jameskenneweg7609 No one earns a billion dollars. And no one is allowing this to happen either. So why is there billionaires? I have never seen our politicians reading the tea leaves and do what the working-class need. We working-class are posting on every social media site out there. Still they they can't read the tea leaves what the voters want. No God like salaries are being allowed. They ain't our gods. No boss has permission to take a God like salary. Non of them. Why?. Because it causes prices to rise. This greed crashes the economy. Here, I'll "leave it in the comment section" for them to read, eat the rich so I can afford a house on my paycheck. I'm not voting for trickle down economics, and never have. Billionaires is bank fraud against the working-class. Billionaires IS stealing all the worker's gains. Arrest them. Arrest the kleptomaniacs bank fraud criminals.

[@peterkrug4124]

Next from Politico: how bringing back slavery would actually be good for people.

[@tureytayno3154]

Nothing surprise me from those people anymore, Peter.

[@kamala.harr1s.is_a._cop]

this country is an embarrassment

[@plumbbobconstructionpants5599]

If you're calling for wages to be cut, your pay should be cut. If you're calling for more unemployment, you should be laid off. No more two tier systems bs.

[@michaelburk9171]

It's always for the other guy.

[@freedomofreligion3248]

Nice headline: Smaller profits could be a good sign for corporations

[@jontomas2271]

Speaking of ridiculously low incomes, a large portion of Social Security recipients are trying to live on a $1,000 a month. There needs to be a floor for SS of no lower than $2,000 per month.

[@KamenRider1985]

My mother lives on $840 a month. It's ridiculous. Absolute nothing ness

[@reubenmorris487]

@@KamenRider1985 How?!!

[@Segalmed]

@@reubenmorris487 Or 'where?'. Living costs differ significantly based on location.

[@KamenRider1985]

@@reubenmorris487 You can't. Relies on me. Remember it being $600. Took 20yrs to get it at $840. They claim she didn't work enough in her younger years to earn more SSI

[@KamenRider1985]

@@Segalmed Illinois

[@devonleal]

Isn’t this the same company that fought like hell to not let their employees to unionize?????

[@merlana3479]

Its rich people trying to tell people who are not as rich as them what to think. Tell you what rich man try to live on my wages for a year. I bet you will change your tune real quick.

[@Berengier817]

I actually work for Chase Bank. I'm making more now than ever, because of this bullshit economy. It's ridiculous. Y'all are spot on with this crap.

[@SCHRODINGERS_WHORE]

@FM360 they have every right to complain. some ppl arent gross like you.

[@MsOldmom]

Trickle down has always been a joke

[@lauraholzler1417]

☝️

[@sstephkate86]

Thats them just pissing on the masses and telling them it's raining

[@christopherconkright1317]

These people don't seem to understand we can't afford to live before inflation and now it's impossible alone. Companies have billions and billions in profits. What happens when we can't buy their shit anymore when all money goes to the basics.

[@rubenbunyi8356]

Slaves even if they are not being paid are given food and a roof to stay and sleep in. For us today, we being paid to work but the problem herein is low wages will not be enough to pay for our food, clothing and shelter. We should get paid in proportion to our needs. the thing is the harder the work, the lower the pay like your manual laborers. It becomes a vicious cycle. No one wants to work hard labor because of low pay and then no work is done. Sports players get more pay than the workers who enable them to play. Give workers the pay they deserve.

[@Smartass012]

What about divorced dad's they forced to work not getting the capital only 30% of your own income not what who they put efforts into . And because of that 3out of 4 homeless is a man accept in new Jersey. They became 1 in reducing Chronic homeless 2 years after ending life time alimony. Seems reasons you hate rich. Taking your afford living off your work is really reason to hate . You know w men . Letting them vote literally reintroduced by very definition slavery

[@SlimeKingK]

Prices goin’ up, but who is gonna buy shit if we can’t make enough to feed or shelter ourselves?

[@roland1912]

It's been the same struggle since the very beginning, when the first people who had an abundance of resources realized they also had all the power. Unless you're born with specific last names, your job here is to work and provide value until you die. And that's all your life is worth, until this bullshit is changed.

[@donnairn3419]

If everybody is broke they will be forced to spend less. If the majority of people are spending less isn't that the definition of a rescission?

[@miscalotastuff733]

Most people up by me cant budget anymore. Wages have been dropping since the late 80s. Taxes, utilities, and housing has risen faster than most wages can now make up for. There is a point where you cant budget. We are now at the breaking point. People are spending less on non essentials to barely afford the essentials. They are sacrificing medicine, health care, food, and real neccisities to pay for food and board. You can only do so much. No internet, no phone, no cable, no computers, and they are working 80 plus hours a week. The system is broken. People are dying trying to survive. Children are being abondoned and teens are leaving home so the family can feed the other sibling. Hence the homeless teen issue. Wake up and see reality. America is dying. Birth mortality is up and will continue to climb. Evetually 40 to 50 percent of women and babies will die. Women will be further stripped of their rights. The educated and literate will fall to only the wealthy. Now you have an uneducated illiterate slaves to control. The churches and the ultra left want this. They both want power. Get ready it is going to get worse. Your own government is eventually going to kill you if your jewish or some other minority they dont like. Not the right christian or progressive your are dead. They wont need much reason.

[@loritracy1385]

Price gouging is why inflation is so bad.

[@t.a.ackerman4098]

Basic supply and demand would logically lead to higher wages. Unemployment is at an all time low and there is a labor shortage. How do businesses get more workers? Easy, pay more! Supply and demand 101.

[@AnimuncuIus]

Actually, they came up with an even better idea. Rather than allowing workers to jockey for better benefits just because of an inconsequential concept like labor demand, they simply refuse to hire new workers and instead, force their existing workforce to do twice the work by threatening them with unemployment. Because corporations are people, just like you and I. And by that, I mean they are terrible.

[@haruhisuzumiya6650]

Fight like your life depends on it, Get angry and get motivated

[@thepokekid01]

I remember last week Good Morning America was trying to sell "Making an extra money by selling or trading your old stuff" as some kind of trendy, hip, and fun new idea to make an extra buck, not as some serious sign that the economy has problems. Sometimes I stop and wonder how much are they paying per appearance for these bohemian New Yorkers to go on TV and tell you to "not buy a Starbucks coffee to save up for a house", and it makes me think like I feel like the dystopia is now.

[@jacksparrowismydaddy]

also the UN reports that slavery is at an all time high. thats not including people incarcerated by ruling of the courts.

[@lemmon-up4er]

Serving time isn't slavery it's punishment and hopefully rehabilitation

[@valentinli332]

@@lemmon-up4er They use the inmates for free labour in US America. That is what he means by slavery but in another name.

[@Montesama314]

Over the next few years, there will be FAR more "inspirational" stories in the media about people "coming together" to pay for things that people should have been able to afford individually.

[@jamesbarclay6562]

I got an indoctrination to this corporate machine greed in the 1980's. At mgmnt seminars run by corporate think tank speakers, their theme even then was based upon profit belonging to the COMPANY. A disvussion example involved a huge bonus if goals were met. Our choices would be share equally among all team members involved, pennies to working team with mgrs owners sharing bulk, or none for working team, keep bonus to upper mgmnt and owners. After choosing option 1 citing incentive to achieve next goal, I was told I would never make a high level manager because I didn't see how corporations worked. That GREED has only gotten worse. Thank you for your reporting on so many critical issues. JKB

[@DemonDante1000]

Wait. I'm confused. How does lowering wages just prevent the federal reserve from raising raising interest rates? I'm not seeing the connection. Just sounds like corporations taking more for themselves so that there's less for everybody else, or an average day in America.

[@chelisue]

They dont want our wages to go up but they want us to buy their stuff! (Goods, services, etc.)

[@cristopherclark4180]

How many workers could a company hire if they paid the Management the same amount as a worker?

[@kepler186f4]

“I believe that banking institutions are more dangerous to our liberties than standing armies,” Jefferson wrote. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered... The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson, 1806

[@Ron_DeForest]

These people are true monsters. Let’s let the CEO’s and those from politico live on the wages the vast majority of Americans have to live on.

[@sentientfetus3894]

You know wage growth beyond what job brings in is a major factor in inflammation

[@godsson2259]

Or how about we the people come together and burn these companies to the f****** ground?

[@SolRayz]

We need a maximum wage.

[@sharonpopolow6874]

THAT is something that needs to be brought to the table. There is NO reason whatsoever for a few people to be making so much more than the majority. There needs to be higher minimum salaries and way lower ceiling salaries. There is nothing those people in the million/billion dollar strata are doing that is THAT MUCH MORE important, strenuous, or skilled than the people on the bottom rungs. 👍🏻💯

[@seanmcleod7417]

@@sharonpopolow6874 ....employing all the people in the bottom rungs? communist drivel...

[@danieldavis3565]

This is a classical economic ("neoliberal") argument: When Inflation rises, so do (perhaps) wages due to strong unions (in the US not really). This leads to people with higher wages spending more and jacking up inflation. So, it is not that her point is totally idiotic, but that classical economic theory predicts this and there are probably good reasons that this "can happen", but mostly and in this case other factors are responsible for inflation.

[@brightoncenterBCPN]

Agreed. The problem with that argument is that it assumes every cent of that money is only going directly back into very specific areas of the economy, when in reality it's getting spent on basic necessities and sustaining a livable situation. When trying to have a dialogue about this topic between people of different social classes the disconnect is very quickly apparent.

[@marykinnick3865]

Go Anna, tell us how you really feel.... Love the show, keep it real....

[@leighd4004]

So when you are up for a raise or are negotiating salary, go for the lower number THEN tell us that lower wages are good for employees! When YOU take next to nothing as pay for your hard work, THEN AND ONLY THEN will your senseless claim have a leg to stand on.

[@stvp68]

Even the Bible calls for fair wages

[@helixmoore7636]

Most far right Christians haven't read the Bible. Jmho

[@stvp68]

@@helixmoore7636 certainly they don’t read the prophets

[@zerocool6687]

I love Ana so much lol. I feel this so much. I agree with everything she said but that energy in delivery… chefs kiss

[@choccolocco]

“Impoverish them all and they’ll work for Pennie’s just to eat”

[@Dstrbrdgrnd]

That’s the Republican motto: keep people unemployed , cut benefits, call them lazy and force them to take low paying jobs😡😡😡😡😡

[@djuro14]

Is that Klaus?

[@JordanS215]

Yup

[@djuro14]

Own nothing and be happy.

[@JordanS215]

@@djuro14 it's not about owning anything. It's about food and safe shelter

[@Justanotherandy63]

The French had the solution: Town squares, baskets, guillotines...

[@seanmcleod7417]

Ya might want to learn yourself up on a little more history before you go down that road...

[@Justanotherandy63]

@@seanmcleod7417 Aww bless...

[@andyf6799]

🤣🤣 Amen

[@andyf6799]

@@seanmcleod7417 🤡Don´'t worry, many people struggle with the internet.

[@janel.8921]

Don’t average people buy goods and services, which is good for businesses.

[@Fetguf]

I think Victoria Guida forgot she is a worker herself.

[@vmacart]

inflation is a billionaire's temper tantrum

[@lillia2479]

As she wrote in the article, since wages going down is good, she should be satisfied with getting paid $7.50 per hour right? Cuz if she's getting paid more than that, then it's not good... according to her. 🙂🙃

[@hunternedib1119]

Just like Bernie is into 'Equality', but if we all don't own 3 homes, and have 2 million dollars in the bank then that is not 'Equality', unless my math is wrong??????

[@vforwombat9915]

wage aren't going down. wage GROWTH is slowing. that SHOULD help with inflation. probably not as much as stopping corporate profiteering, but still. btw, inflation iirc is also slowing. as is the economy. the economy was red hot in 2021. best economy in 50 years. which is why even tho there was high inflation, wage growth countered a lot of it. then russia invaded Ukraine, the economy slowed, and we see wage growth and inflation slow. the question now is whether we'll dip into a recession or just have slow growth for a while.

[@jasoncuculo7035]

@@vforwombat9915 Massive corporations such as Amazon and Walmart are so powerful, they have the ability to dictate pricing and gouge, the same is true of oil giants at the pump. The US military discretionary budget should be dipped into to expand private miliary contractors into civilian production rapidly. These production facilities should then be purchased by the government and given to the workers as democratized workers coops, Major companies such as Walmart and Amazon should be ordered to buy locally. Corporations would have to pay a minimum 20 percent tax no matter how many deductions they attempt to place on their taxes. At this point some may threaten to leave the US at which point all of their assets would be seized, the workers would be given ownership of everything and continue, business as usual. The corporations would lose access to the largest market in the world, the US. Any violations of civil and environmental laws undertaken by the corporation before it left would suddenly be investigated rigorously and prosecuted. If the company stays, then its production facility would be expanded locally but it would be broken up under anti-trust and monopoly laws despite not commanding total monopolies because they still are so powerful, they can annihilate competition unfairly. This would cause its billions to get five times wealthier as their companies are chopped up and sold (like Standard Oil in 1924). Now, unions not only raised wages when they represent 30 percent or more of American workers but kept down executive salaries and bonusses. CEOs often paid themselves a dollar a year and wrote all expenses off under Reagan and it is the Board of Directors consisting of od major stockholders that traditionally made the most money anyway. So, a dramatic and sudden shift that lowers tremendously US executive salaries and bonuses to levels similar to most European competitors or less since if they leave there is always someone willing to replace them. They would still have the opportunities to eventually become super rich. The slack would be used to increase wages for workers without increasing the overall payroll that includes execute salaries and bonuses. This combined with strictly enforced price gouging laws (not price fixing) would cause salaries to dramatically increase vs. inflation. The tax of 20 percent could be used to build up Puerto Rico (for the Puerto Rican that go back centuries not real estate wealthy transplants) and make it a state adding two and a half million taxpayers to the Federal tax rolls. A similar approach to the other remaining US colonies should also take place. At the same time some of it could be used to pay off a bond that eliminate all 1.7 trillion in student debt and make all future college in the US free with scholarships and grants for the poor who need it to eat or pay rent. Add a wealth tax and you can now add a reverse income tax to any worker making less than 25 dollars an hour that effectively brings their income to 25 an hour. Eliminate federal tax while preventing states and local municipalities from raising their taxes for workers making 50,000- 75,000 a year and raise disability, Social Security and SSI benefits to at least 125 percent of poverty and eliminate the marriage penalty. We need more infrastructure, earth sheltered homes and cars underground with trees and vegetation on top. and a high-speed nationwide rail system so the cost of transporting products around the massive US will drop.

[@aaronsande]

If we have a recession, worker pay will suffer, so instead let's lower worker pay so we don't have a recession that would lower wages. Basically.

[@tureytayno3154]

That would make a recession even worst hell, it might turn it into a depression, Aaronsande.

[@Globovoyeur]

It wasn't that long ago (2018?) that Jamie Diamond was saying it was time to recognize ALL the stakeholders of companies, not just the stockholders. I didn't buy it at the time. Looks like I was right.

[@createaccount974]

Starving is a good thing for weight loss, too.

[@Smartass012]

Being fat should be considered a preexisting condition for insurance companies. Yes a lot people could use a little less feeding. Lot world problem are from greedy gluttonous poor people

[@terryyy1944]

When I was still in the labor force what we hoped for most was a cut in our wages. Often when a worker felt he was being paid too much he would move to another state, such as Mississippi where workers were protected from overpayment by "Right to Work" laws. We all felt that unions were preventing mine and factory owners from looking after our best interests. We knew the bosses were smart enough to think for us. When we were called to fight in a war we did not object. We went willingly. Again, we knew the people (mostly white men) who ruled us would take care of our needs.

[@leec5170]

Lol

[@alamaric5534]

Corporate logic: If you get paid less you can afford more. It reminds of the slogan from Kohls. "The more you spend, the more save."

[@anitalee9437]

All you gotta do is cut all the benefits and tax cuts to businesses. Increase their interest rates. And when the housing market crashes....no more bail outs. Since they have high interest rates and bad loans keep that same energy when the crash happen. They can afford to recover without taxpayers funds bailouts. Especially banks or lending institutions.

[@darnalsmith3716]

For all who are disenfranchised, Ana's energy speaks 4 us 🔥

[@tonyortiz1890]

Indeed I am proud of Anna she's so passionate and smart.

[@inthso362]

Remember the French Revolution? We'll see some of that with acceleration of the widespread societal collapse, which has already begun. I hope these Kleptocrats realize our many unbalanced are drawing up lists.

[@keithbaker7097]

Wages used to keep pace with inflation. That stopped somewhere around the 50's, so bs

[@j.s.connolly8579]

Actually it started happening in the 70's and then REALLY Ramped up in the 80's with good ol' Ronny Ray-Gunz!

[@jasoncuculo7035]

Wages actually kept a bit ahead of inflation in many professions while overall wages did keep pace with inflation, true. Despite the conservative nature of Princeton academia, there studies show that this phenomenon was caused by high levels of strong labor unionization. The Taft-Hartley Act (Labor Relations Act of 1947) massively weakened unions.

[@jasoncuculo7035]

@@j.s.connolly8579 Yep, I believe Reagan was the Biblical Great Deceiver as he is practically worshipped by the religious Right and made them think greed is good. Greed is not one of the seven deadly sins in reality if you analyzed it, it is all of them!

[@eleventy-seven]

@@j.s.connolly8579 Yes sir. We got the warm feeling of trickle down economics.

[@phillipaclemons7261]

Recent research in Australia found wage rises contributed just 0.6% to inflation. Covid, war, supply lines, grift and other factors were major causes. The recently elected progressive gov gave Aussies on the basic wage a 5.2% increase in line with inflation. It was a popular decision with some grumbling from the Murdoch press.

[@USA-GreedyMenOfNoIntegrity]

How about CEO’s lower their $18.3M average? How about corporations sell all of their $2-30M bizjets that burn 100-300 gallons per hour of Jet A fuel?

[@johnhickman343]

Here’s some breaking news. We’ve been in a recession for years.

[@tanawilliams7498]

I'm all for lowering wages on the C floor of every corporate building and that would include a couple of floors below. Then we could give the people who actually do work higher wages. Because I tell you there's absolutely no work going on on the C floor.

[@waynefrench756]

in 1929 prices went way down !! in my thoughts from people doing the same thing that is beeing done now !!!!!

[@jasoncuculo7035]

People had no money to buy stuff, so prices were lower to entice customers. Now quantitative easing by the Fed and unnecessary supply side issues are driving up prices despite increasing poverty and wealth disparity. This quantitative easing is also involved in making the US dollar more valuable oversees encourage its use there, while Biden travelled to Saudi Arabia. It seems he is attempting to maintain international the value of American fiat currency. Too much American currency has been printed and the Petrodollar agreement along with the clout of a US currency artificially holds up its value on the international monetary exchanges. Hopefully this was also a cleaver Democrat plan to force through a minimum tax on corporations and get even Kirsten Sinema to pass a version of it. If the Democrats are smart, they will use the crack in the door that opens possibly through executive orders to make real changes that benefit all and get them re=elected. Hopefully, but I doubt it.

[@BuddyNovinski]

Back in 1962, workers benefited from increases in productivity. We had a huge middle class, unions, and checks on corporations. Back in the 1920's, those gains went to the corporations, and we then proved that an economy cannot sustain mass production without mass consumption.

[@stormchaser419]

Nice comment. Can I share that on my facebook wall with credit?

[@AdmiralBison]

The 'Guillotine' tax is a good thing for the 1%. A step in saving society.

[@AlsShop1]

That makes perfect sense, lower wages so the fortune 500 guys can keep on price gouging makes sense to me

[@nickanderson412]

"Let them eat cake"

[@jasoncuculo7035]

Marie Anntonette never actually said that, but perhaps Nancy Reagan did.

[@ChristophBrinkmann]

There was an idiot somewhere on YT (shocking I know) commenting on a vid about Marie Antoinette that was defending attributing that quote to her simply because it's tradition to do so. When we all pointed out that SHE NEVER SAID THAT, his response was something like, "Well I know she never said that, I've studied her soooooo much and THIS IS A QUOTE PEOPLE ATTRIBUTE TO HER!" I honestly wish I was making that up.

[@twincast2005]

10:30 Also visible in this graph, as always, the US taking a massive continuous bend to the worse compared to the rest of the developed world starting in the early '80s. I wonder why... *coughreagancough*

[@NickSklias]

#boycottpolitico

[@danielturner4333]

I LOVE you guys. Never give a goddamned inch.

[@michellejean11]

We know moscow mitch wants US workers being needy so they will work more for whatever the corporate lords give them. mitch is from the poorest state in the US but he's worth 35 million, anyone wonder how much of it's legal?

[@CloudSephiroth]

You know you don’t have a democratic republic when it cost at least $2 billion to run and become President of the United States.

[@JonKovach]

Every Saturday I drive past the food bank in my town and the line is about a mile long pouring out into the main street to stretch another half mile.

[@terri241]

Corporate profits are increased when the corporation's own employees buy and use the products their labour produced. When Ford Motor Company cars were bought and driven by Ford employees, the wages the company paid the employees STAYED IN THE COMPANY. Paying employees enough to make them consumers was just common sense good business practice. Ford workers who owned Ford cars were "free advertising" for the company. But when a Corporation's employees earn so little that they are homeless, the Corporation is advertising its own failure. Where Government turns a blind eye to such exploitation, the Corporate/Political unholy alliance produces a worker backlash of exactly the sort both Government and Corporations condemn: workers uniting and striking for BASIC DECENCY IN LIVING WAGES, SAFE WORKING CONDITIONS, HEALTH CARE, PENSION FUNDS, PAID HOLIDAY LEAVE, PARENTAL LEAVE, etc. When Corporations emphasise SUSTAINABILITY OF PROFITS through profit-sharing with ALL employees, the Corporation gets better, highly motivated employee/consumers and year on year profitability without triggering "BOOM/BUST" destabilisation of the marketplace. In other words, when Governments enforce ANTI-TRUST LAWS to prevent Corporate "hostile take-overs" and other insane deregulated practices, both workers and Corporations enjoy a stable economy, low to no inflation, sustainable profitability, high-employmet and long- term survival. Corporations that seek to become Monopolies DE-STABILISE ENTIRE ECONOMIES, destroy the very environments upon which production depends and end up as victims of their own folly when the economy crashes, shares become worthless, banks fail and Governments that gave Corporations permanent tax holidays have no money to bail-out the Corporations. Sustainable, modest profits, employee-profit sharing, living wages, and pension funds create STABLE ECONOMIES. It may not throw the Executive Offices into testosterone over-drive, but a society based on the principle of long-term sustainability drove a 50 year period of sustained growth from 1933 to 1983 when Reagan/Friedmanism triggered DE-REGULATED PROFITEERING, stagnant wages for workers and obscene wealth for the top 1/10th of 1% while 80% of Americans struggled to survive and the remaining 19% tread water. Americans have had enough CORPORATE TYRANNY since 1983. Time to reclaim the NEW DEAL, ANTI-TRUST ENFORCEMENT, LIVING WAGE LEGISLATION, UNIVERSAL HEALTH CARE, AND EMPLOYEE PROFIT SHARING to re-balance American Economy AND DEMOCRACY.

[@renemcquick9467]

If only there were more of us that understood this. Most of the population is too focused on conspicuous consumption or trying to keep a roof over their head to care. Is the destruction of the middle class the unstated goal?

[@vanessacallahan3759]

Daddy was UAW-GM and he bought a new car every other year.

[@andrewf7483]

She said it’s not from salary increase because she only wants to lower hourly wages because they affect the poorest most

[@chesterhardy8103]

One might begin to think that corporations and corporate media don't care about human beings. No, that can't be it.

[@michellejean11]

Corporations, republican christo-fascist don't care abut people just power and profits. Just listen to Joseph Goebbels Carlson on fox.

[@cjmarl75]

You rule Anna!

[@atsylor5549]

They say stuff like that because they think inflation effects everyone to the same extent they’re effected by it. The prices of everything can literally double and they’d still have no problem paying for all of their basic needs. They’ll just have a little less spare money to play with. But there’s millions of Americans who if the price goes up just a couple percentage it’s the difference between buying 3 meals a day and going to a food bank because you can’t buy 3 a day. They have no concept of how other people live and

[@karenwhaley8635]

Minimum wage here in Ohio is $7.83

[@odinisnotthesomefather4687]

😱

[@rodak6663]

The us is not a two party system The us is a one party system with two factions Fighting over who can use The restroom

[@TheEvolver311]

This moronic, no the parties have real differences. Pretending that they don't is like saying Nixon was the same as FDR because they both ascribed to Keynesian economics while governing.

[@daanvanrijswijk]

Obviously, any press becoming a strictly commercial activity, ultimately becomes a commercial for such activity.

[@stevenkies802]

Oh noes, the poors have too much money! How will they keep us divided and desperate?

[@5353Jumper]

If you look at the books of any business that hires near near minimum wage and/or high % part time workers, you will see that the payroll of these employees is a small percent of cost of the products sold. So doubling the minimum wage at the company would only have a small percent inflationary effect on the prices. But the working poor could afford to buy nearly double the goods.

[@davidhand9721]

This isn't true of corporations that don't hire a majority at minimum wage. Payroll is usually a very significant expense, if not the biggest. Of course, that counts the CEO and other bigwigs and the bonuses they get for stock buybacks and firings and outsourcing, but the bulk is still regular folks. Your point remains, with some qualification: few businesses would be forced to raise prices or go under if minimum wage was doubled. _However, that doesn't mean they won't raise prices anyway._ A corporation will never absorb an increased cost if it doesn't absolutely have to. They'll pass it on to the consumer. That's how this avalanche of inflation was kicked off: COVID broke the supply chains, increasing material costs, corporations raised prices to equalize (or increase) their profits. Once the snowball got started and the media used the word "inflation", corporations who _weren't affected anyway_ had a good excuse to raise their prices too. My point is not that we shouldn't raise the minimum wage. We should. But the public needs to understand that the increase is just enough to keep up with inflation that's already happened. That way, raising prices _again_ should generate some outrage and loss of demand. Of course, Fox News will surely ruin it with propaganda, so instead we will have to settle for the collapse of civilization.

[@5353Jumper]

@@davidhand9721 yes professional service based companies have the majority of their expense in payroll, but those positions are all fairly high pay, full time, with benefits jobs that have historically adjusted with inflation because the employees have more power in the company. Not really the major problem in America at the moment. But the janitors at those companies could use some support. So sure the upper middle income are hurting a little bit due to inflation but their main pain is asset inflation not goods. They can afford a bit of inflation on goods particularly because their salaries tend to grow with it. But many full time salary jobs have been split into part time minimum wage jobs. There is no reason half or more of the employees at a large retail store cannot be full time except then the company needs to pay them more and offer benefits and worry about their loyalty. So instead we have way too many people working multiple part time jobs, with less per hour, no benefits, more time spent commuting, less job security, harder to balance lives for when they need childcare and which boss to disappoint not being able to take a shift, and less power to demand inflationary raises and better working conditions. The real concern is the working poor, near minimum wage and working multiple part time jobs. If we raise their wages : we get more tax revenue countering the (stupid) talking point about them not paying taxes, they use less social services, they commit less crime, they keep more babies (preventing abortions and social services for children), and we generally improve the quality of life for the "average" American. The only losers to a raised minimum wage are some of the executives and shareholders who temporary take slightly less profit/bonus but in the long run they gain because of the raised sales volume.

[@dc100dc100]

Idea: just make the companies who received PPP (COVID) LOANS pay them back. That’ll cool things off and then the Fed could set that cash aside to further cool off the markets.

[@michaelanderson9792]

At some point people will wise up and refuse to work until fair wage is met.

[@thesilentdiva]

That's why In a lot of industries there's an employee shortage

[@tureytayno3154]

@@thesilentdiva And they will do anything except increasing wages.

[@janeayre96]

Maybe Jamie Diamond should pay his bank tellers instead of buying back stock.

[@deevahlyshus]

What about the $170k salary for the senate/congress members and their “$40,000 budget for office furniture” 🙄

[@rahksayeed4837]

Is that yearly?

[@deevahlyshus]

@@rahksayeed4837 yes! It’s ridiculous!! 😡

[@sfguidry1959]

And why is there even such a thing as corp welfare ?

[@delwardian]

That was like the onion headline 🤣

[@bongopirate0672]

Thought it was "gas prices", thought it was "the Ukraine War", thought it was everything else .....

[@michellejean11]

It's whatever culture war the gop declares today.

[@KB-hd4iz]

Eat the rich.😆

[@jasoncuculo7035]

Soilent Green! !!

[@MrBrownsugar85]

lol maybe triple minimum wage and then ill get off my lazy ass and work lol

[@martyk1156]

Lower energy costs raise wages and all the economic problems go away.

[@codbdup88]

I like how the article said Keeping wages low “could” bring down prices. They are lying on purpose. So why don’t we say the writer of these article take 50% pay cut

[@davidrobinson3434]

"Low wages are a good thing for workers" is like saying starvation is good for nutrition, or Cyklon B is a good addition to the morning shower. Or "War is peace - Freedom is slavery, or Ignorance is strength."

[@potrelviewer9536]

What's worse/better than lower wages? The decaying mental state of the workforce? A not so subtle revolution against the ultra rich and corporations? These guys at Politico and every corrupted news outlets should seriously rewatch a certain "Metropolis" by Fritz Lang (1927), not just by the fact that it's the very first scifi movie, but by the message it conveys: having a better conversation between the working class and the administrations, and more mutual respect.

[@grahvis]

Is the US, the only country in the world where low wages and no benefits like vacation pay or health insurance, are considered a good thing and something to aspire to.

[@jasoncuculo7035]

This because we live in remarkably stupid country (embarrassed).

[@TheRadFactor]

It’s like congratulating a person for losing body weight when they lost their arm

[@BushidoXBrown]

Everybody literally quit low wage jobs And her argument Is we need to make sure wages are even lower??? What makes her think that people are going to go work at those low wage jobs? I think we should get conservatives to work those Low wage jobs Since they think working for Pennies and lint is a good thing

[@vanessacallahan3759]

I always thought that when someone gets into Congress they should live a month with a poor single mom or a homeless family. Too many never had those experiences and are out of touch with the majority of us.

[@mauromatos3124]

Asset inflation has been going nuts for decades and no one complained. Now working wages are rising, its the only problem. Ridiculous.

[@robertzzz247]

Never vote against your interests. Never vote for a Republicon.

[@yolyrom7233]

Exactly

[@Brian-pf7qq]

@FM360 Gop is good at getting people to vote against thier own interests like getting senior citizen voting for Gop who want to get rid social security and Medicare

[@neilmarshall5087]

@FM360 You did.....

[@Scarter63]

You nailed it, Anna! It was low interest rates that allowed private equity to buy up homes, and keep regular people from buying a home for their family.

[@vanessacallahan3759]

I’m looking for a home to move to right now. The realty places don’t even advertise to personal home buyers, they advertise to flippers and landlords looking for rentals.

[@hunternedib1119]

@@vanessacallahan3759 Wait 16 months, there will be foreclosures everywhere. I flip houses, but right now is not the time to purchase. Try to wait if you can.

[@theromulanwarhawk]

The United States of America is a place of the most violent contrasts. Those who receive the rewards are totally separated from those who shoulder the burdens. It is not a wise leadership. There, the harsh life of the minimum-wage, multi-job worker is instilling those people with a bitter hatred... filled with the violence of desperation... they know that they perform all the physical toil necessary to maintain their corporate masters. But they are not allowed to share its advantages. The American upper classes believe - or seem to believe - that the near-complete separation of toil and leisure has given America, what to them must seem like a balanced social system, and see little reason to change it. Especially since they occupy it's upper levels. But to restrict a segment of the population to such hardship is unthinkable in a society that considers itself evolved. And you can't really trust Economists, because they view everything from the corporate standpoint, not from the perspective of the average, regular person.

[@MaxMisterC]

.....from the same people who claimed that slavery was: "civilising the slaves" & "good for them" .....& "they like it..." It's all Gaslight & B.S!

[@danielwolf8365]

This screams of "let them eat cake", like every solution to inflation that doesn't involve actually addressing its root causes. And, like climate change, we're expected to be happy with nothing changing to our benefit so that the almighty profits aren't impeded in any way.