January February Gators April Florida Gators Logo Shirt

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Raising the January February Gators April Florida Gators Logo Shirt Additionally,I will love this minimum wage does not cause inflation. This is a false flag planted by the wealthy to create division between those that earn minimum wage and those that don’t. There is however a correlation between the need to raise minimum wage and raising inflation. Which is why you will often see them go hand in hand. The centralized banks decide to print more money, making older money depreciate in value. Assuming no older currency is removed from circulation. When more money is introduced into the economy, it lowers the value of any money already in circulation/savings/everywhere. This also means that companies need to raise their prices or change their products in order to maintain their profit margins. Most companies are quick to raise their prices as changing product can be expensive.

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Sometimes they print more money to change how banks interact with people. This can be by adjusting interest rates, mortgage rates, credit card rates, basically anything to do with borrowing money. Guess who that’s regulated by? You guessed it. The central bank. They determine what banks can and can’t do. Here is a link showing how central bankers determine how to handle the January February Gators April Florida Gators Logo Shirt Additionally,I will love this economy. Including bailouts. how the economy really works All in all, the economy is made up by rich people to oppress the poor into thinking they’re free, but in reality 95% of the population are wage slaves. Most of which live paycheque to paycheque and rue such an existence. If you’re really interested in learning more (or maybe I got some shit wrong) zeitgeist gets it pretty bang on. Just ignore the religious stuff.
Raising the January February Gators April Florida Gators Logo Shirt Additionally,I will love this minimum wage does not cause inflation. This is a false flag planted by the wealthy to create division between those that earn minimum wage and those that don’t. Believe it or not, raising wage have consequence on the price. If your product cost 100 (whatever unit), and out those 100, 5 is how much you need to cover wage, while 95 can be cost of raw material / electricity + a margin for benefit. Well … if you double the wage, you need to either lower your margin, either increase price by 5. And if you increase price by 5 and an other company was buying your product, then they got the same option, increase price by how much percentage your product impact their price, or lower margin. If an other company was selling something at 200, and your product was costing them 100, and it now cost 105, either they lower their margin by 5, or increase their price by 5.

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So yes, raising wage cause inflation, doing anything that cause cost of production to increase cause inflation, it’s a matter of how much the January February Gators April Florida Gators Logo Shirt Additionally,I will love this wage impact the price at first. If wage is a tiny % of the price, increasing it won’t matter that much, and that’s when corporate greed may play, they don’t lie by saying increasing wage will increase price, they may lie about how big the impact will be. I think you missed the point… if OP had said “raising the minimum wage is not the primary driver of inflation”, then everything they said holds up. And I think you have it a bit backwards in your reply. Yes, wage increases cause a reduction in profit margins, which is a driver to increasing prices. However, this isn’t the 80s anymore. In this case, since this round of inflation is mostly driven by corporate greed and profiteering, raising wages will only narrow the profit margin back closer to where it was before. OP is right that bankers and politicians focussing on wage inflation is a false flag by folks paid to keep the capitalism flowing, at workers’ expense and to the benefit of the wealthy. If you’ve followed statements by the Bank of Canada during Covid and inflation, then it should be obvious that they are ignoring the real problem, and are instead very much towing the corporate line.
Raising the January February Gators April Florida Gators Logo Shirt Additionally,I will love this minimum wage hurts low income people the most and actually helps large businesses by killing out the smaller business that are competition. Indeed, large companies that exploit their workers like Amazon lobby in support of federal minimum wage increases Raising the minimum wage on the state level causes state wide inflation. Federal welfare programs are also based on absolute numbers, so when states do this they cause millions to no longer qualify for things like food stamps, medicaid, WIC, etc… despite them having no increase in purchasing power. This compares to rural areas in red states, where comparatively people will have higher purchasing power and still qualify for welfare programs.
This increase in cost of doing business also harms small businesses, who usually have lower margins, as they can no longer be profitable and go out of business. Raising the January February Gators April Florida Gators Logo Shirt Additionally,I will love this minimum wage, plainly, is bad policy. It remains popular, and politicians love using it for political points despite them knowing the harm it causes. As you’ve touched on in your comment, if has to do with the supply of money compared to the supply of goods and services. If you print money, you get more money with the same number of goods and services, so prices go up. More money compared to number of goods. The other way to do it is instead of supply of money going up, the supply of goods goes down. More money compared to number of goods. That’s how raising the minimum wage does it, businesses hire less and produce fewer goods because of the increased labor costs. To keep their profitability they have to raise prices. For many they go out of business because their business model doesn’t work in the new environment and they can’t adapt, it’s primarily small businesses that fall into this category. This causes not only inflation but also unemployment.
The minimum wage is designed to work for the January February Gators April Florida Gators Logo Shirt Additionally,I will love this lowest class of people. If you’re against raising it, you’re not in it and are against helping the poor. The law of supply and demand is to economics what gravity is to physics. It’s reality. And it applies to all things, including money itself. So the more currency in circulation, the more demand there is for products and services than can be purchased with that currency. The more demand there is for a product or service with a finite supply, the higher prices become to efficiently meet the demand. Prices stabilize when supply is adequate or greater than demand. Since 2008, the Federal Reserve (which is not Federal, nor has any reserves) has artificially increased the supply of currency by artificially reducing the price of the currency. Now the Federal Reserve is reducing the supply of currency by making it more expensive. Ideally, we will return to balance, but of course this process will always be painful for people who cannot as easily afford the higher prices. Wages will have to eventually increase. Prices are simply the economy’s way of distributing products and services fairly and efficiently. It all tends to get super fucked when Governments or Central Banks intentionally manipulate these things (or attempt to). When Governors chose to close businesses in their states and then compensate those businesses with “free” currency, what we are experiencing now was baked in.
Edited to add: I occasionally hear people ask when prices will “come down.” They won’t! As inflation cools, they will merely increase more slowly. These are all things that should’ve been considered by all of us when Governments thought they could shut down the January February Gators April Florida Gators Logo Shirt Additionally,I will love this economy for a little bit and then turn it back on. Edited again to add (again): The law of supply and demand also applies to labor, including your labor! A “wage” from an economic perspective is simply the price of that labor. By letting companies merge with each other to the point of no competition, they now are taking monopsony rents. Somebody calculated how much Americans pay extra due to lack of competition, and it is thousands of dollars per year. But your poverty makes billionaires rich so you should celebrate their success! Because the federal reserve has been increasing the money supply way faster than the growth of gdp. Too much money chasing too few goods: the literal definition of inflation.
Dawg.. We halted the January February Gators April Florida Gators Logo Shirt Additionally,I will love this economy through shut down and gave away trillions in “relief” during so. Now currently we are about to have WW3… Where we seem to be throwing money into every foreign nation. Inflation is a vicious cycle, with no one single point being the cause. Printing new money causes the value of existing money to decrease, which in turn drives up the cost of goods, which in turn drives up wages, which in turn prompts the printing of more new money. A certain amount of inflation, in the 1-2% range, is considered a normal and good sign of a healthy, growing economy. More than that causes certain problems, and less than that (or even negative inflation) causes certain other problems. Because wages have gone up. Ignore the Covid peak. That statistical blip represents a thinning out of the lower paid workforce that took place during the pandemic.
Economics is NOT that hard to understand. Supply and demand are basic concepts that almost everyone should be able to comprehend. Inflation isn’t difficult for anyone who will stop and think about it for a moment. This inflation was caused by increasing the January February Gators April Florida Gators Logo Shirt Additionally,I will love this money supply. During Covid the government printed so much money and as the money supply increases, so does the cost of things. The inflation on food was largely driven by the giant food stamp checks so to speak that the government was giving to lots of people so many people had so much money. They didn’t really care about prices now the food stamps have gone it’s starting to hurt. Minimum wage hikes are EXTREMELY inflationary because they are usually a direct and significant component of the price in very cost sensitive and inflation represented industries.
A high quality backpack might sell for $10 at the January February Gators April Florida Gators Logo Shirt Additionally,I will love this factory in China, and retail for $50-100 in a mall in the US, a 20% increase in its factory cost is meh, $10 to $12. Isn’t wages dictate inflation spirals the “traditional” and out of date methodology which we’ve partially moved from. They used to believe as wages increase the cost of input labour increases, which increases cost, causing prices to increase and so on. But now the model has changed, particularly with the different observations made surrounding inflation and covid 19. To where due to anticipating increases in cost, companies raised prices first. Where wage increases become necessary so people can still afford things. Minimum wage increase is not extremely inflationary. I mean when you consider they could move some of the excessive stock buybacks, massive managerial bonuses, quantitative easing measures. The minimum wage increase would be just a partial attempt to readjust the wealth inequality divide. Given wages have fallen behind inflation for the past few years (well besides that of top end positions of course). If labour inflation is the huge one. Why is it less than inflation figures. And why have company profits still been growing (even if you use inflation adjusted real measures). Wages have fallen way behind productivity improvements and lifestyle inflation for ages. Just look at house prices compared to hourly wage, the same for food, energy etc. Now it’s obviously a component of inflation. So increasing wage increases costs. But it’s also a necessary component giving the inherent imbalance of power in the employer/employee relationship. Particularly with reference to the larger corporations.
Because the January February Gators April Florida Gators Logo Shirt Additionally,I will love this corporations are fucking greedy and using the post-pandemic “supply chain” phantom to price gouge while also blaming it on us poors daring to ask for a raise. Yes, this is it. You had a downvote, and it was probably done by a person that didn’t know that company profits are at an all-time record high, from pandemic profiteering. It’s the gas prices that are driving inflation , gas has more than doubled since 2019/2020 . So every step of the supply chain involved in manufacturing and distributing a product has had their transportation costs go way up , hence the higher prices were seeing in the stores . Raising the minimum wage has little to no effect on prices , anyone who repeats that lie is an elitist wannabe scumbag . The minimum wage should have been increasing all these years to keep up with and beat inflation , it stayed stagnant for so long and now we’re wondering why people can’t afford rent or groceries ?!?
CEOs and Executives get pay raises in the January February Gators April Florida Gators Logo Shirt Additionally,I will love this 30% range sometimes , yet those same clowns will fight unions that are pushing for the same pay raise . If the media and the powers that be are trying to sell the lie that raising minimum wage causes prices to go up , than we should be countering with the fact that they should cut the CEO and executives pay in half to lower prices Wage is price of your labor. You won’t go to shop and raise prices for you there, so your employer won’t just raise your wage for them for no reason. You have to set your price yourself. Bc the government gave out 30% of its money supply that’s ever been created (through PPP & Stimulus checks) from 2020-2021 and approved by both presidents and congresses.
We are all paying for wage increases when minimum wage goes up. Capitalism,it doesn’t work for the January February Gators April Florida Gators Logo Shirt Additionally,I will love this people.The economy is always good for the rich and always bad for the other people. Because Biden and Dems love to print money. They continue to inject trillions into the economy to create this artificial economy. Robbing Peter to pay Paul. The problem is, sooner or later, it all comes crashing down. When will it happen? When the government is $ 40 trillion in debt? 50,60,70? No one knows, but at 34 now, and the interest on that debt alone is around a trillion a yr. Bush 2 spent a lot, but it really began to escalate and get out of control under Obama. Don’t get me started about all the money printing to fund the war in Ukraine, only to launder a good portion of the funds back to politicians and special interests.
It’s been shown that much of the January February Gators April Florida Gators Logo Shirt Additionally,I will love this “inflation” we’re experiencing is just corporations using “inflation” as a smokescreen to raise prices and make historic profits. Because raising the minimum wage doesn’t cause inflation. That’s a lie they tell to justify not paying people enough to live. A tyrannical dictator starting a land war in Europe with the privately stated goal of further destabilizing an already shaky world economy sure didn’t help…. The most important group in late-stage capitalism is the investor class. They always demand that line go up. The corporate class is part of the investor class, but they know that all value is created by the worker class. If the worker class is not kept mollified, the line stops going up. So the corporate class will do the minimum required to keep the worker class mollified. Spend as little money as possible doing so. Here’s a pizza lunch at the office for exceeding quota. There’s a glass trophy for never taking a day off work. If the worker class begins to demand tangible compensation, calculate inflation and give out a raise that’s less than that. But only to the 3s, not the 2s. Worker class is mollified once again. The 3s will be proud. The 2s will blame the 3s. The 3s and 2s will all produce more value. Line go up.
People have fallen into this ridiculous notion that any increase in minimum wage will spike inflation. But just a quick survey of the January February Gators April Florida Gators Logo Shirt Additionally,I will love this numbers shows how absurd this idea is. Long story short, raising the minimum wage to $15 would lift millions out of poverty while raising prices by all of 0.4%. In 2022 the BLS reported about 1 million workers earning at or below the federal minimum wage. Now, let’s imagine they’re all working full time equivalent, 2080 hours per year. And let’s give each of them a $1 per hour raise, how much would that cost: 1,000,000 * 2,080 = $2.1 billion. Does anyone in their right mind think that an extra $2.1 billion is going to spike inflation? That’s less than the city budget of Detroit, and it’s spread across the entire country. We just gave a 14% raise to one million people and it only cost $2.1B.
How about people earning less than $15 per hour, now that’s 21 million people! Give them each a raise to $15, so 1 million people get a raise of $8 per hour, 3 million get a raise of ~$6 per hour, and 17 million get a raise of ~$2 per hour. Let’s do some quick math. 1M * 2080 hours * $8 + 3M * 2080 hours * $6 + 17M * 2080 hours * $2 = $71 billion per year to give 21 million people raises ranging from roughly 15% to 100%. So, $71 billion to give life changing money to 4 million people (those below $10 per hour) and a substantial raise to 17 million more. Versus $17.5 trillion in personal consumption expenditures in 2022. In the January February Gators April Florida Gators Logo Shirt Additionally,I will love this absolute worst case where they spend every penny earned and save none of it, that would increase aggregate consumer spending by a whopping 0.4%. Poor people just don’t have enough money to dramatically affect inflation, but that money could dramatically improve their lives. Of course I’m not exploring the employment effects of businesses that can’t afford the change, which may lay people off or cut hours, but such cuts would work against inflation and reduce the topline cost. Also worth pointing out that if you have two family members working at a minimum wage job and one gets a 100% raise and the other is laid off, you’re now earning the same income in half as much time.
Because the January February Gators April Florida Gators Logo Shirt Additionally,I will love this people who love the low minimum wage are fucking liars, that’s why. They love to talk about $30 Big Macs. Their opposition is simply fear that the working poor might slowly become less poor, and they can’t have that. It’s not inflation causing the prices of everything to rise…it’s corporate greed. Every one of these corporations is also simultaneously experience record profits, and it’s not a coincidence. They tested the public with “supply chain issues” and “staff shortages” as an excuse to “temporarily” raise prices on everything…now they got the public used to it and it will never return back to the level it was. The 1% fleeced us with Trump tax cuts disguised as another round of “trickle down economics” that resulted in record setting stock buybacks and a stock market not reflective of the actual economy…then “Covid relief” was another round of the 1% fleecing even more of the world’s wealth away from the population…followed now by this great inflationary line of bullshit to jack up the prices (and profits) on literal existence while not a single red cent trickled down anywhere.

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