Most fast food workers in California would get a $20 minimum wage next year — a nearly $5 per hour raise — under a deal announced Monday between labor unions and the industry that will avoid a costly referendum on the November 2024 ballot.
But like, how can they milk us for more than we’re able to give?
The logic of the market is that if there’s anyone in the market that can afford it, whether or not you can’t isn’t their problem, it’s yours.
This is one of the basic reasons why wide income inequality is a problem- when the going housing market rate is a measure of what the wealthy people in that market can bear, it creates serious problems for everyone else. For example, the median home in Seattle lists at $800k and that’s not a measure of what the median earner can afford, it’s a measure of what Blackrock is willing to pay to outbid folks earning in the $250k/yr range.
The logic of the market is that if there’s anyone in the market that can afford it, whether or not you can’t isn’t their problem, it’s yours.
This is one of the basic reasons why wide income inequality is a problem- when the going housing market rate is a measure of what the wealthy people in that market can bear, it creates serious problems for everyone else. For example, the median home in Seattle lists at $800k and that’s not a measure of what the median earner can afford, it’s a measure of what Blackrock is willing to pay to outbid folks earning in the $250k/yr range.
I mean, I totally agree with what you’re saying.
I don’t think it should be this way, but it is.
Blame capitalism. Maximizing profit, by definition, is doing the least while charging the most.
That’s a very simplistic view and ignores the effect of competition to prevent doing the least
Said effect doesn’t exist, it’s an illusion caused by small insular markets.
Have you ever worked in sales?
Yes, I have. I also have studied economy and finances at a degreed level.
You should know better then
It doesn’t ever even cross your mind that you may be wrong, huh? The true mark of an idiot.
It’s such a fatuous comment. Of course competition exists