Wages, Inflation, the Fed, and my sad takeaway

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

How can we have a consumer-based economy without more consumers? The largest generation (Boomers) are entering retirement, which is when consuming largely ends. Our demographics aren’t good economically, which we solve with immigration.

Just charge more to the current consumers! See: eggs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Most likely that woman is a prop for a larger organization. She may live in a mansion or drive a fancy car (if she’s allowed to do that). She may well being trafficked in plain sight.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

“Give me your tired, your poor, your huddled masses yearning to breathe free…”. Are we over that, then?

[Anonymous]

Plenty of places looking for help, if you don’t have a job, that’s on you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

That’s where you’re wrong. The came over in late 60s, spoke English, and paid for the privilege. You had to have a sponsor, and a job. It costs @$2500 in 1968 dollars, so not cheap. Don’t let the facts get in your way though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

That’s where you’re wrong. The came over in late 60s, spoke English, and paid for the privilege. You had to have a sponsor, and a job. It costs @$2500 in 1968 dollars, so not cheap. Don’t let the facts get in your way though.

My family came over before the American Revolution. But I love how you think you’re better than current immigrants. Ridiculous!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Kid was old enough to be in public

It’s likely that her child came here with her, so the whole “she could’ve had an abortion if it weren’t for republicans forcing her to have a baby a decade ago” is absurd.

But I get it - never pass up any opportunity, no matter how implausible, to try a score political points. Right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

That’s where you’re wrong. The came over in late 60s, spoke English, and paid for the privilege. You had to have a sponsor, and a job. It costs @$2500 in 1968 dollars, so not cheap. Don’t let the facts get in your way though.

My family came over before the American Revolution. But I love how you think you’re better than current immigrants. Ridiculous!

One substantial branch of my family was here since the Clovis Period.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

That’s where you’re wrong. The came over in late 60s, spoke English, and paid for the privilege. You had to have a sponsor, and a job. It costs @$2500 in 1968 dollars, so not cheap. Don’t let the facts get in your way though.

My family came over before the American Revolution. But I love how you think you’re better than current immigrants. Ridiculous!

One substantial branch of my family was here since the Clovis Period.

Ironically that means that even the oldest branches of your own family tree were still immigrants that displaced the pre existing population. We are all immigrants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

100% yes.
DP

[Anonymous]

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

You need to learn some basic econ and/or monetary policy. Like, maybe even just this will help you:

[Anonymous]

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Wow.
Did you offer to pay child care while the woman works for minimum wage at Giant? How is she supposed to support herself and her children?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work.

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”.

Hope they pay enough for her to afford child care in addition to her other expenses.

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?

Xenophobia isn’t the answer to America’s problems.

DP
That is not xenophobic at all. Shouldn't we want to welcome people here who have something to contribute to society? Shouldn't we want people who have skills or a desire to work and who follow our laws?

You're making a lot of assumptions about a stranger you saw at Giant. What do you know about her education? What do you know about why she is here? Who "imported" her? What are her skills? Could you tell from her appearance? From her sign? From her children?
People get desperate. That's something you can't possibly understand if you've never experienced poverty. Do you think her children are "lazy" because they're not working? Because they were born into poverty in another country?
The immigrants I know are some of the hardest working people I've ever seen.
The income gap between the richest and poorest Americans is mind-boggling, and extraordinarily shameful. I'm all for 100% tax on anyone with an income of more than $1,000,000 per year. Redistribute income and eliminate poverty. That's my plan for the future of our country.

[Anonymous]

To have all the European policies like health care and education, requires a high middle class tax rate, much higher than we have now. Taxing the wealthy doesn't get you there.