If you're refusing to sell a stock that is declining in value, even as the rest of the stock market explodes, all so you can postpone paying a capital gains tax bill, you're doing it all wrong. |
You seriously think that prices can rise so much and people will pay? High margin businesses will either have to take a profit hit or close down. Low margin businesses will be likely closing down. Some businesses may convert to non profit if wages go up for their employees. Low wage workers don't always work in service industry like dining and lodging. |
I think it stems from the narrative that supposedly in the good old boomer days minimum wage workers were able to buy a home on one salary and support a stay home wife with 2-3 kids. Anyone can personally verify this was the fact? Back in the 90s in HCOL places minimum wage was not enough to even have your own room in a shared housing and eat anything that's not expired garbage grocery stores are getting rid of. When was this golden age where any full time employment of any kind could afford you an SFH in a good area that's not urban blight or rural wasteland?
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This is the quintessential perspective of the young(ish) socialists who want to destroy the system. What’s funny is none of us “boomers” are saying what you think we’re saying. I’m in my fifties and I’ve worked minimum wage jobs, lived in rooms in apartments with strangers (well past my youngish years) lived in neighborhoods I didn’t want to live in. It wasn’t easy or pleasant. But for me it was motivation; for you it just seems like a source of resentment. |
Sure…what does that have to do with anything? Someone like Bezos would publicly announce they are going to sell their stock and the firm they hired to do it. The need a 3rd party to sell so it’s not tied to company events to avoid insider trading charges. |
This has never been the narrative. Back in the boomer times of the 1960s, minimum wage was for teenagers and others working jobs for extra income, but never a job that could support a family…mainly because there were union and other FT jobs that paid way more than minimum wage that you could obtain with just a HS diploma. |
| There's a teen minimum wage in DC which is terrible. Same for Montgomery College, so even though they do the same work as those who are older, they don't earn the same. |
| Also, if the Walmart heirs and heiresses weren't interested in being multi-billionaires, they might actually pay their workers more. But, shoppers also don't care about wages, which is why so many people shop there and put people and towns out of business. |
| We should drive wages down to zero for these manual labor jobs, just like the good ole days, amirite OP? |
Sounds like you haven't read a newspaper since the 90s. The federal minimum wage is $7.25. The average hourly employee at Wal-Mart currently makes $18.25 an hour. https://www.wsj.com/business/retail/walmart-employee-treatment-success-f96761f4?gaa_at=eafs&gaa_n=AWEtsqdqmg8bBjJ4Mu3G36K_AmBwCqBm1T9WjKD4hzTapQQFgsgqnV5sRMmXr56-UO0%3D&gaa_ts=69421f96&gaa_sig=YTOKYpTeVAaHHYds3f6MTu7az8lOByKxRTWOQrbzm3OGyPZhd2mCX2oZryHnTQ6LCD6rt29COIvTC0k8vmV2GA%3D%3D Walmart, Once a Byword for Low Pay, Becomes a Case Study in How to Treat Workers The largest private employer in the U.S. increased wages in a bid to jump-start sales. Investors needed to be convinced. |
The labor market is pretty tight. If you're trying to hire someone, and you offer to pay minimum wage, I suspect *no one* will apply for your job. |
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Be careful with "lies" "For tax year 2022, the most recent year for which complete data is available, the top 10% of U.S. income earners paid approximately 72% of all federal individual income taxes." |
I don’t have a subscription, but they’re mentioning 10 years ago at Walmart. Do they talk about Walmart’s underemployment leading to excessive use of public funds? Taxpayers have been bailing out Walmart for decades. Walmart Is Still Putting Ebenezer Scrooge to Shame https://jacobin.com/2024/05/walmart-living-wage-medicaid-snap Walmart, McDonald's among largest employers of SNAP, Medicaid recipients: Report https://www.foxbusiness.com/markets/walmart-mcdonalds-largest-employers-snap-medicaid-recipients.amp |
Be careful with reading comprehension. The lie was that i do not pay any taxes. the top 10% should be paying most of it. This is a no brainer. |