Jamie Dimon cant explain how unskilled employee should budget her low salary

[DEAD7]

There are such things as tax breaks and incentives for small businesses that fall under certain thresholds. :bpdahell:

For example, a business I started last year broke even, meaning I didn't pay myself. You really think the feds coming after me for not paying myself $8/hour? :issaheh:

Why are you being obtuse? :bpdahell:

Just thinking out loud about the ramifications of such a high min wage.
I’d be curious to see how big chains like walmart/mcdonalds etc respond. Best Buy would be finished in the state they are barely holding on, and target would likely concede Cali to walmart.
Again I’m just spitballing here.

 

[the cac mamba]

Fully paying for healthcare would be a start. :kanyebp: Not to mention that would free up JP Morgan-Chase to pay higher wages. :kanyebp:

im pretty sure every proposal for the government to pay for healthcare STARTS with taxing the fukk outta companies like jp morgan. so there goes that money

 

[Pressure]

im pretty sure every proposal for the government to pay for healthcare STARTS with taxing the fukk outta companies like jp morgan. so there goes that money

It starts with corporations paying their fair share.

 

[the cac mamba]

It starts with corporations paying their fair share.

and thats fine, but his insinuation that money would be freed up as a result was incorrect

 

[Hood Critic]

The thing is, this isn't just a problem for single mothers or people who make at or around minimum wage, there are families with multiple children and combined higher household incomes who are also struggling with the same things.

As time goes on the problem will start to affect more and more people. A UBI or social safety nets centered around housing/rental costs will eventually become necessities as our capitalistic system starts to eat itself.

 

[Pressure]

and thats fine, but his insinuation that money would be freed up as a result was incorrect

Twice as many big corps are paying no taxes under the Trump tax cuts. It's doing the exact opposite of what He and Republicans billed it to do.

Imagine how much money we would have for programs that help people if these same companies that are paying their employees less than a living wage were actually paying taxes.

 

[DEAD7]

Twice as many big corps are paying no taxes under the Trump tax cuts. It's doing the exact opposite of what He and Republicans billed it to do.

Imagine how much money we would have for programs that help people if these same companies that are paying their employees less than a living wage were actually paying taxes.

In reality, corporations are just taking advantage of long-standing, low-profile tax deductions. Paying employees in stock, building new warehouses and tapping tax breaks from when they were not profitable.

 

[Pressure]

In reality, corporations are just taking advantage of long-standing, low-profile tax deductions. Paying employees in stock, building new warehouses and tapping tax breaks from when they were not profitable.

GOP said they were fixing the loopholes, bringing money back home, and by doing so we would see more taxes dollars from corporations at the lower rates.

 

[Kyle C. Barker]

You trying to tell me she couldn’t find anything under 1600?

I just looked up Irvine on trulia and there are prices for 1360 to 1400 a month.

Studio Apartments For Rent in Irvine, CA - 18 Rentals | Trulia


The lowest I'm seeing is $1665 and that's for a studio apts

 

[Anerdyblackguy]

Studio Apartments For Rent in Irvine, CA - 18 Rentals | Trulia


The lowest I'm seeing is $1665 and that's for a studio apts

64 Claudius Ct, Irvine, CA 92618 - 1 Bed, 1 Bath Single-Family Home For Rent | Trulia

 

[levitate]

this was embarrassing, on her part. who the fukk told her to have a kid when the 16 dollar an hour job she has isn't enough to provide on it? how is that the fault of the bank?

i get what she was going for, but to frame it that way where the bank is on the hook for her personal choices

Oh ok, let's impose childbirth salary minimums.

Got it.

 

[Kyle C. Barker]

64 Claudius Ct, Irvine, CA 92618 - 1 Bed, 1 Bath Single-Family Home For Rent | Trulia

420 square feet though .


With a kid too?


I also wonder what they mean when they say it's an ideal spot if you're not worried about cooking much

 

[OfTheCross]

How many single mother bank tellers do you think live there?

don't make excuses for the single mom's bruh. I'm currently renting for 1 all included in an efficiency that's pretty nice, imo. not everyone needs to live in lavish conditions. when you're in a bad situation, a roof, relative safety, and food are your primary concerns.

and to cover those expenses in Miami, you don't need to make more than $15/hr

 

[Pressure]

64 Claudius Ct, Irvine, CA 92618 - 1 Bed, 1 Bath Single-Family Home For Rent | Trulia

In what world is paying 1400 to live in a closet using good budget judgment?

 

[Professor Emeritus]

Education reform would be much more effective in my opinion.
Majority of people in these positions weren’t studious to begin with... and i see no reason to assume they will suddenly take up education/acquiring skills... as great as it sounds.
More over, i do not believe subsidizing unskilled labor(making them “cozy”) will lead to less of it

Where did you go to school? If you think people are stuck in low-income jobs because they're "not studious", you're really ignorant about the reality of Black-majority school systems. There are huge numbers of hard-working Black kids who don't graduate from college or even go to college at all and are forced to take low-wage jobs to get by.

And you're not using the word "subsidizing" correcting. Nor are you explaining why less unskilled labor is a particular policy goal of yours, or how you intend to accomplish it. What we call "unskilled labor" is fine work for some people so long as it isn't mind-numbing/soul-destroying and allows them to take care of their family.

You got me thinking, what would happen to small businesses and mom & pop locations in Cali if we instituted a “living wage” $25-30/hr...
...and would the liberal supermajority be ok with handing the state over completely to big business.

Government funded caravans from Cali to Wyoming or Ohio should begin.

Big businesses are much less likely to pay living wages than small business. A small business relies more on employee-customer interactions and can give employees a wide range of important tasks, a good employee even in an "unskilled" role is more valuable to them. Plus for a small business it is much more important to retain employees, as employees have to have more trust (you could be leaving them alone in the store/shop) and retraining new employees is much more time-consuming. Big businesses practice greater division-of-labor with the lowest-paid employees shuffled into shyt jobs and they usually don't give a shyt about turnover. When you increase wages you actually give small businesses a competitive advantage because big businesses lose their scaled-up cheap-labor system of operation, whereas the small business was likely already paying their employees more in order to retain quality workers.