“Middle Class Americans Have Too Much Money Saved, We Need To Take Away Jobs Improve The Labor Market”

[Unfiltered]

Keynesian Economics Theory: Definition and How It's Used

Keynesian economics comprise a theory of total spending in the economy and its effects on output and inflation, as developed by John Maynard Keynes.

www.investopedia.com

 

[Contrefaire]

That's what happened with Covid and the free checks and then when jobs opened back up people didn't want the wages.

This is a lie fed to you by conservatives, capitalists and disingenuous bullshytters.

It's not that "people didn't want the wages", it's that those jobs never really opened back up. Covid taught tyc00ns and small business owners alike that they can actually PROFIT from strictly operating with skeleton crews and simply posting signs apologizing for the poor/slow service because "no one wants to work".

Covid shutdowns and slowdowns made many people accustomed to slow or subpar service and when businesses realized that, they decided being continually short staffed while overworking the few employees they decided to keep was the way to go.

And if you doubt what I'm saying, where are all the people who supposedly didn't want to work for those wages now? Because the stimmys and unemployment been ran out so what are all those people doing to earn a living now?

All summer long fast food and retail spots simultaneously swore up and down they were hiring URGENTLY yet still remained short staffed, meanwhile I know a ton of teens who applied at every Taco Bell, Five Below, McDonald's, Walmart and Sonic (etc) in their area and didn't get a single call back, let alone an interview.

This is how you can tell the "people just don't wanna work" or "folks don't want to work for these wages" is bullshyt because a 16yr old will sling burgers for $7/hour just to have some video game and weed money.

 

[the bossman]

This is how you can tell the "people just don't wanna work" or "folks don't want to work for these wages" is bullshyt because a 16yr old will sling burgers for $7/hour just to have some video game and weed money.

For that amount A lot of them cats much rather do UberEats/Door dash for more control of when and where they work than to sit up getting yelled at for some shytty pay at a fast food restaurant

Options for work are much different now compared to 15 years ago

 

[Elim Garak]

I hate this fed chair he needs to go.

 

[concise]

The ideal is for Americans to make money but then spend it all immediately. Regular Americans having a healthy savings is dangerous for capitalists. They need the majority to constantly be one paycheck away from disaster.

Do you remember sometime last year when all the so-called economists were freaking out because people used their stimulus checks to pay down debt or pad their savings accounts instead of idk, going out and buying new cars and 70" TVs?

Only the rich are allowed to hoard wealth.

or they got mad when ppl starting putting those dollars into stocks.

 

[Contrefaire]

For that amount A lot of them cats much rather do UberEats/Door dash for more control of when and where they work than to sit up getting yelled at for some shytty pay at a fast food restaurant

Options for work are much different now compared to 15 years ago

You're kind of wildly missing my point. First of all, Uber Eats and DoorDash aren't paying like that unless you're a dedicated sigma grindset type who has nothing but free time to dedicate to putting in 50-60hrs on those apps and lives at home. Second, most minors CAN'T participate in jobs that require not only a car but a valid drivers license and insurance so they can't exactly opt out of shytty fast food jobs. That being the case, how come your local Taco Bell (or whatever) is STILL understaffed??

 

[concise]

You're kind of wildly missing my point. First of all, Uber Eats and DoorDash aren't paying like that unless you're a dedicated sigma grindset type who has nothing but free time to dedicate to putting in 50-60hrs on those apps and lives at home. Second, most minors CAN'T participate in jobs that require not only a car but a valid drivers license and insurance so they can't exactly opt out of shytty fast food jobs. That being the case, how come your local Taco Bell (or whatever) is STILL understaffed??

That poster really cherry picked a piece of that post about minors and suggested they go do doordash/ubereats.

 

[the bossman]

You're kind of wildly missing my point. First of all, Uber Eats and DoorDash aren't paying like that unless you're a dedicated sigma grindset type who has nothing but free time to dedicate to putting in 50-60hrs on those apps and lives at home. Second, most minors CAN'T participate in jobs that require not only a car but a valid drivers license and insurance so they can't exactly opt out of shytty fast food jobs. That being the case, how come your local Taco Bell (or whatever) is STILL understaffed??

Lol I think you missed the point. A teenager would sling burgers for $7/hr for weed and video games 10 or 15 years ago because that was the only way they could get any money

If it's just about getting enough pocket change to fukk off on weed or video games then there's endless options to get that which don't require dealing with the shytty conditions of a fast food spot.

Hospitality & tourism industries have taken a big hit with many leaving those industries for more flexible options

 

[Contrefaire]

Lol I think you missed the point. A teenager would sling burgers for $7/hr for weed and video games 10 or 15 years ago because that was the only way they could get any money

At this point I'm wondering if we even share the same reality because wtf are you talking about?

If it's just about getting enough pocket change to fukk off on weed or video games then there's endless options to get that which don't require dealing with the shytty conditions of a fast food spot.

What fukking "options" do you legitimately think most minors actually have that "don't require dealing with the shytty working conditions of a fast food spot"? Like be fukking for real.

Hospitality & tourism industries have taken a big hit with many leaving those industries for more flexible options

HUH!?

 

[ORDER_66]

He put his foot in his mouth. That phrase coudve been explained better, with a bit less disdain for the avg worker.



Tbf, the alternative would be hyper inflation and an economic depression, spawned by everyone being hired and being paid continuously depreciating paychecks. Would you rather have 1.3million suffer jobcuts or have 300million suffer a depression?


I mean just look at Turkey's economy. They've effectively done what your advocating and their currency is approaching toiletpaper status relative to the cost of living of average Turks. Their president refuses to raise rates because of fears of the populous misconstruing monetary policy. and this decision has decimated their economy.



And arguably its bussiness being targeted rather than individuals. Effectively making it less favorable for them to keep pumping money into their supply chains and human capital. Imagine the alternative of individuals being targeted by a govt that forces them to drop their own demand, going hungry cause they forced to buy less food, or less gas, or less homes by mandated quota. This demand will have to drop somehow, and the Fed's method is the most reasonable way to do it.

I mean I get the concept but there has to be a better way instead of making people suffer for the greater good...

 

[the bossman]

At this point I'm wondering if we even share the same reality because wtf are you talking about?



What fukking "options" do you legitimately think most minors actually have that "don't require dealing with the shytty working conditions of a fast food spot"? Like be fukking for real.


HUH!?

How old are you breh? You sound 45+ and out of touch.

Here's what you wrote:

It's not that "people didn't want the wages", it's that those jobs never really opened back up. Covid taught tyc00ns and small business owners alike that they can actually PROFIT from strictly operating with skeleton crews and simply posting signs apologizing for the poor/slow service because "no one wants to work".

Covid shutdowns and slowdowns made many people accustomed to slow or subpar service and when businesses realized that, they decided being continually short staffed while overworking the few employees they decided to keep was the way to go.

And if you doubt what I'm saying, where are all the people who supposedly didn't want to work for those wages now? Because the stimmys and unemployment been ran out so what are all those people doing to earn a living now?

So all these restaurants that lost out on a ton of business due to COVID in 2020 are now finally able to open up fully. But you're saying instead of opening up fully and rehiring to start trying to make that money back and get that same level of business pre COVID, theyre putting out fake "for hire" signs. Your theory is they stand to make more profit by having less workers thus having to limit their operating hours, having slow service leading to frustrated customers who will be less likely to return.

What sense does that make? As an owner who just lost a year of business you're willing to lose money getting half the customers doing half the business just so you can save on not having to hire a couple $5/hr waitresses? It doesn't add up

Secondly you asked where are all those people who didn't want to work for shytty fast food wages. As I said before the average young worker would work fast food jobs for some play money ten or 15 years ago because that was the only option for getting play money.

The average young worker today has more avenues for getting that play money today. Avenues that didn't exist ten or 15 years ago. As mentioned - Uber/doordash/taskrabbit type jobs. A ton of remote jobs are available now that we're not ten years ago. Not to mention the extra streams of income they can get on social media platforms. The flexibility of these jobs are for more attractive to young workers than a fast food type job anyday

 

[NinoBrown]

I mean I get the concept but there has to be a better way instead of making people suffer for the greater good...

As long as there is the concept of commerce and capitalism, there will always be an element that is going to be exploited. Only way up is social mobility via high-paying job, inheritance, or marrying into wealth.

This game of explotation and permanent underclass is ancient...


Edit:
But I am not pessimistic, I think they are a ton of avenues to get bread, crypto, social media, Amazon reseller, WFH remote jobs, but like anything, it takes a looootttt of work to get there and make it profitable. Most people don't have that grind it out mentality to take losses and defeats for years to be self-employed...The other option is to work for a company which leads me to my other point.....

Boomers are going to be out of the job market in one way or the other in the next 5 to 10 years, if not already, so the various markets will need replacements to fill those gaps. Millenials and GenZ must take advantage of these vacancies because "not working at all" isn't a realistic option....

 

[Uitomy]

You need to make 400k a year to be middle class in America, he's not talking about working poor people which is the majority of America, yet people wanna front like that's not the case

If you think about it tho, 400k isn’t really middle class when that’s basically more money than like almost everybody on earth tho. Makes me realize they use words like that to trick you into thinking lesser of yourself and working even harder for corporations and people who will take advantage of you. Like even if it’s in America, how are you in a class in the middle if your salary is only made by like 5-10% of the population?

 

[NinoBrown]

If you think about it tho, 400k isn’t really middle class when that’s basically more money than like almost everybody on earth tho. Makes me realize they use words like that to trick you into thinking lesser of yourself and working even harder for corporations and people who will take advantage of you. Like even if it’s in America, how are you in a class in the middle if your salary is only made by like 5-10% of the population?

What they probably fail to reveal is the debt these 400k earners carry. Who cares if you make 400k if you carry a mortgage for a 1.5 million dollar home, 200k in student loans, and 40k in car notes?

Or one layoff or injury away from being completely wrecked...

 

[Fillerguy]

He's describing capitalism, this is what wanted. The shyt can work ehen everybody wins but it works even better when you artificially create winners and losers. The only surprising part is that he's saying it publicly. If the average drone actually cared, this would cause a panic.

The youth like to call this "late stage capitalism" but its just optimized capitalism Hopefully I'll be dead before it blows up in or faces.