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

[BoBurnz]

Because she needs an apartment large enough for her and her child.

You childless incel nikkas

Dying at these nikkas who've never had a dependent in their entire lives going "why she paying so much".

nikka when my oldest was 1 my wife and I spent $4K on child care expenses alone. I don't know if y'all goofys know this, but kids take up space and have needs and wants.

 

[Sohh_lifted]

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

$15 an hour does not cover a single mother with rent and childcare expenses, as you stated, that covers you....yourself and adult, not an adult plus a child.....

 

[DEAD7]

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.

Doesnt this support my argument that education reform would be more effective?
As for "why is less unskilled labor a goal", I see it as more of a necessity with automation drastically reducing the number of low skill jobs in the future.
Explain how government assistance and/or government regulation of any kind that financially supports/assist with living expenses isnt subsidizing?

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.

None of this sounds wrong, but if big businesses pass these cost to consumers how have the people been made better off?
I dont see a net gain from this, especially for minorities who i suspect will feel the job loss hit more than anyone else.

 

[BoBurnz]

you think we are currently existing under a morally justifiable economy
rich people control government and thus control society and bend it to benefit specifically themselves
How to Make it in America = GRODT
shyt is cut throat out here
but thats how things are everywhere in nature
i was watching nat geo last night and was reminded just how much life is about get yours or get gotten



you think a universal allowance is going to allow some1 to live in a $1600 apt? (inflation adjusted for the time in the future when this becomes a thing)

Think human beings, the only animals with a sense of morality and the ability of deductive reasoning, are comparable to wild animals because you watched National Geographic brehs.

 

[BushidoBrown]

Think human beings, the only animals with a sense of morality and the ability of deductive reasoning, are comparable to wild animals because you watched National Geographic brehs.

think a "sense of morality" will prevent humans from doing what is in their power to get over on and best other humans cause we have "deductive reasoning" brehs
dont read history books brehs

 

[Wild self]

Why isn't the local government fighting landlords on rent prices? Seems to be the easiest fix. Lower property taxes to lower rent. Fine slumlords who don't comply. This seems like local government dropping the ball.

B b bu but the landlord ia God. There isnt enough land to provide for average people

Imagine one renegade landlord decided to permanently slash his rent prices in half, and publicize it? That would cause for a Revolution.

 

[Professor Emeritus]

Doesnt this support my argument that education reform would be more effective?

I'm a big fan of education reform, you've seen me talk about that plenty. But the failure of many young people from difficult backgrounds to advance educationally has to do with a lot more than the quality of their schools. Schools are not an isolated system - their entire families and neighborhoods are struggling, and are likely to struggle no matter how good the school is. And one of the main reasons they struggle is because of the difficulty the wageearners have in making a living wage.

If you actually paid wageearners a living wage, you would free up a LOT of people to spend more time raising their children, you'd have fewer fathers abandoning their children, you'd have fewer mothers ditching the fathers, and you'd have fewer young people who had to leave school to support their families.

As for "why is less unskilled labor a goal", I see it as more of a necessity with automation drastically reducing the number of low skill jobs in the future.

So you're suggesting it will be a natural consequence and we're unlikely to do anything to exacerbate or slow it. I agree.

Explain how government assistance and/or government regulation of any kind that financially supports/assist with living expenses isnt subsidizing?

Because wage-earning jobs at that level aren't subject to people's ability to survive. People are going to debase themselves to whatever to take those jobs - whether it be living in unsustainable high-stress lives or foregoing other necessities or whatever. At this point in our economy wages are so low that a $16/hour job is going to get filled regardless of how hard it is to live on that income.

None of this sounds wrong, but if big businesses pass these cost to consumers how have the people been made better off?
I dont see a net gain from this, especially for minorities who i suspect will feel the job loss hit more than anyone else.

Right now big business has destroyed small business by undercutting prices. The constant mantra of "But the consumer!" has allowed huge corporations to destroy both the American worker and the American small business owner. if you cripple their business model, you once again allow small-business and worker-friendly models to be competitive again. And then the consumer will be fine because the consumers who actually have to worry about prices will be making more. You're basically shifting market share from big businesses to small businesses and you're shifting money from well-heeled consumers to low-wage wageearners.

 

[BoBurnz]

think a "sense of morality" will prevent humans from doing what is in their power to get over on and best other humans cause we have "deductive reasoning" brehs
dont read history books brehs

If you think people are naturally predisposed to the concept of hierarchy and the abject need to repress one another we'd still be serfs tilling the feudal fields.

People are not animals, the correlation to human beings and wild animals is a facile attempt to brush aside genuine critique of society by labeling the broken nature of our world order as just being human nature. It's nonsense.

History shows that society is capable of great cruelty but also impassive mercy and a profound sense of communal human spirit even amongst the worst conditions offered to other human beings. It's a distinctly American/Western ideal to believe that we are so staunchly individualistic that we can only function to step over one another in a endless race to the top. There are cultures today which function on neoconfucian thought which is anathema to individualism. To dismiss all people and rational action as simply more than a battle to "come out on top" tells us nothing about the way human beings function but tells us a hell of a lot about how you perceive others.

 

[DEAD7]

If you think people are naturally predisposed to the concept of hierarchy and the abject need to repress one another we'd still be serfs tilling the feudal fields.

 

[GPBear]

Doesnt this support my argument that education reform would be more effective?
As for "why is less unskilled labor a goal", I see it as more of a necessity with automation drastically reducing the number of low skill jobs in the future.
Explain how government assistance and/or government regulation of any kind that financially supports/assist with living expenses isnt subsidizing?





None of this sounds wrong, but if big businesses pass these cost to consumers how have the people been made better off?
I dont see a net gain from this, especially for minorities who i suspect will feel the job loss hit more than anyone else.

Higher Learning’s resident neocon strikes again, with his “pull yourself up by your bootstrap, plebs” rhetoric. While deflecting for the 1%

“Hm I don’t think higher wages will work *shrug* we should focus on education reform that way it will take at least two decades to see any sort of positive benefits, meanwhile all the people currently stuck working multiple low wage jobs just to stay afloat can continue working at $10 an hour, 18 hours a day, just so they can live in a studio apartment.
Keep polishing those golden toliet seats for the CEOs for $12 an hour, hotel maids. You should have studied harder in school instead of being impoverished victims of rotting educational infrastructure
If you need me, I’ll be in my ivory tower jerking off to pictures of money ”

My parents were teachers in inner city Bay Area schools during the 90s, Oakland, Richmond, all over. They, and many of their fellow teachers, could no longer afford to live there because the living wages were too low and had to move farther and farther away.

Guess what, you can’t improve the education system without also giving teachers livable wages. You need teachers to be able to afford to live in the area of the damn school, unless you want them to get chartered in on helicopters every day.

 

[Wild self]

It's simply astonishing, the extent of the greed of people like Dimon. I have my own issues with it, and I suppose at some level it's all relative, but Dimon is like the embodiment of that GIF with Scrooge tossing a coin, except Dimon would toss nothing, maybe an Ayn Rand quote, and I would give at least a dollar, and feel guilty to have so much money in my pocket, while this man has nothing.

Guess the next French Revolution style protest gonna kill off people like him. Beheading in a public Arena, at that.

 

[Eternal Tecate]

Skilled workers usually contribute nothing to society, sit on their computers sending gifs to their coworkers allday between "meetings"

fukking leaches

 

[BushidoBrown]

Higher Learning’s resident neocon strikes again, with his “pull yourself up by your bootstrap, plebs” rhetoric. While deflecting for the 1%

“Hm I don’t think higher wages will work *shrug* we should focus on education reform that way it will take at least two decades to see any sort of positive benefits, meanwhile all the people currently stuck working multiple low wage jobs just to stay afloat can continue working at $10 an hour, 18 hours a day, just so they can live in a studio apartment.
Keep polishing those golden toliet seats for the CEOs for $12 an hour, hotel maids. You should have studied harder in school instead of being impoverished victims of rotting educational infrastructure
If you need me, I’ll be in my ivory tower jerking off to pictures of money ”

My parents were teachers in inner city Bay Area schools during the 90s, Oakland, Richmond, all over. They, and many of their fellow teachers, could no longer afford to live there because the living wages were too low and had to move farther and farther away.

Guess what, you can’t improve the education system without also giving teachers livable wages. You need teachers to be able to afford to live in the area of the damn school, unless you want them to get chartered in on helicopters every day.

so vivid

 

[Secure Da Bag]

Democrats are pushing for minimum wage of $15/hr. JPM pays $16.50/hr. Dems are saying that the minimum wage should be a living wage. But doesn't this example that Porter highlighted show that $15/hr isn't enough? The minimum wage can't be a living wage under the current economy, right?

 

[Black Panther]

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

Boo-f*cking-hoo.

We should tell JP Morgan to figure out how to make it work, like they say to their low wage workers. :bpumad: