Top | Newest First | Oldest First
Icantsoishant · 36-40, M
Because those things failing shouldn't ruin everything else. Healthcare needs to change wildly, not force society to adapt to its brokenness. Housing is stable in a lot of places I know, unless people are actively moving there and supply cant meet demand, but this is life. Demand goes up when they pay is greater than the cost of living. Increasing pay incentivizes more people to move there and continues the housing issue. If it becomes to expensive to live there then growth will slow and housing will eventually meet up with or surpass demand and go down in cost. Education is going up for a lot of reasons but is also in need of reform because it is a joke. I think pay should stay the same and everything else should change rather than enable these broken systems.
Mamapolo2016 · F
View 2 more replies »
Mamapolo2016 · F
@Xuan12 I'm not sure what you mean, but wages have increased dramatically since the 70s and so has inflation. It's not the dollar amount that matters, it's the buying power, and that's been stagnant for a while.
When the economy loosens and the job market tightens to the worker's advantage, wages go up.
When you could hire a doctorate for a high school grad's wages, why would wages increase? Employers don't usually pay because they recognize your value, they pay what you or somebody like you will accept.
When the economy loosens and the job market tightens to the worker's advantage, wages go up.
When you could hire a doctorate for a high school grad's wages, why would wages increase? Employers don't usually pay because they recognize your value, they pay what you or somebody like you will accept.
Xuan12 · 31-35, M
@Mamapolo2016 That is what I meant of course, and I know what you're saying, I just don't know how it explains the stagnant (actually declining in my opinion) buying power of Americans. Since the 70s there have been ups and downs, but US workers keep falling behind in any case, even as GDP growth outpaces them. The upward pressure on wages is anemic.
Mamapolo2016 · F
@Xuan12 I think part of it is what we buy now and how we buy it.
There was a time when if people couldn't afford a TV they didn't have one. Now the most absurdly financially strapped people lease BMWs and buy $900 cell phones and $5000 computers with credit.
The sellers don't have to hold or lower prices because people will buy stuff out of their reach anyway.
With unemployment unpleasantly high, the 'system' went credit top-heavy, which destabilizes buying power.
My personal conviction is a question I've been asking for a while is driving what we see. "Yes, but what if the world DOESN'T end?"
There was a time when if people couldn't afford a TV they didn't have one. Now the most absurdly financially strapped people lease BMWs and buy $900 cell phones and $5000 computers with credit.
The sellers don't have to hold or lower prices because people will buy stuff out of their reach anyway.
With unemployment unpleasantly high, the 'system' went credit top-heavy, which destabilizes buying power.
My personal conviction is a question I've been asking for a while is driving what we see. "Yes, but what if the world DOESN'T end?"
CountScrofula · 41-45, M
MrBrownstone · 46-50, M
@CountScrofula Union workers also would patronize non union establishments.
CountScrofula · 41-45, M
@MrBrownstone Well and if you have an industry with some unionization, the other wages need to step up to become competitive.
Heartlander · 80-89, M
There's probably enough of an increase in most American's net worth to cover the need for a spending spree. Stock market is up 30%+ over the past 2 years, home values are up. For many, it's easy enough to tap their own well and still be as rich as they were 2 years ago. Combine those gains with lower taxes and the effect is probably comparable to a 15% pay raise.
There's also probably a lingering hangover from the last downturn to make people more anxious to have better security than more toys.
Also, looking around, we seem to be shifting from home ownership to renting. That transfers into a lower cost of living, cash wise, for most.
There's also probably a lingering hangover from the last downturn to make people more anxious to have better security than more toys.
Also, looking around, we seem to be shifting from home ownership to renting. That transfers into a lower cost of living, cash wise, for most.
SimplyTracie · 26-30, F
bookerdana · M
Picklebobble2 · 56-60, M
Mark Carney, Govenor of the Bank of England issued a report today saying that job creation is on the rise but because of slowly increasing wages and high demand for homes inflation is rising at the same pace as wages.
As a result he's upped the base lending rate to slow borrowing and encourage folk to save.
All of which is ok as long as the banks and the utilities don't suddenly raise pricing/lending above the rate of inflation.
As a result he's upped the base lending rate to slow borrowing and encourage folk to save.
All of which is ok as long as the banks and the utilities don't suddenly raise pricing/lending above the rate of inflation.
BlueMetalChick · 26-30, F
MrBrownstone · 46-50, M
hunkalove · 61-69, M
Because our economy has failed. All that remains now is for the wealthy to grab what is left and the hell with everyone else.
This comment is hidden.
Show Comment
I’m making more.