but it is in some cases. The data i need is right in front of me. your only refute to everything is data. But data lies all the time. Ill stick with common sense and what im actually seeing happening in the real world over some data that doesn't take certain things into account. Anyhow. Raising minimum wage is not the solution, as was the point of my post. And i stand by it. Factual example. We just raised our hiring salary for fabricators without a welding cert to $35, from $30. But the costs of the goods to be welded has gone up over 50%. So now the goods we are selling to a customer that used to be $100 per part is now closer to $150 per part. Now lets say our welder is the end customer. He has had a $5 per hour raise but is paying $50 more per part. The parts take 3 hours each to make. Thats $15 extra wage hours. Does not equate to the $50 increase per part. Thats just one example of where the wage increase doesn't offset the costs of goods increase and the wage increase is just wrapped up into the increased costs of goods.
It depends what you're trying to solve. What you are describing is a world wide supply shortage, causing increased pricing. Raising wages locally will not create more supply worldwide. But if you don't have enough labor to process the supply you are able to obtain, then raising wages can certainly help you solve that problem.
Im out and about a lot and see young people of all demographics waiting in line for Starbucks, I phones in their hands, expensive tennis shoes, Taco Bell 6 times a week. I have grandkids that work part time and spend their earnings on this stuff. Go buy a HS buss stop and see how many kids have their heads down into state of the cell phones.
When my older grandkids call to say there coming over, I say come on over I've got coffee on. Then they walk into the house with a $6 triple mocca salted banana fudge, fufu cup of mud, and I tell them my stuff is free.
so you mean people with children...I know a lot of people who don't their kids expensive shit. But it's like when republicans complained that "poor people have AC (etc)". You're putting the blame on the wrong people and on the wrong things. So like I said, talking points gotta talk.
Okay but reality says they aRe on social media. And a quick glance at thier phone more often than not, proves it.
Who cares. I was on social media as a kid and I was a 4.0 student. I played video games, chased ladies, played sports. I wasn't always learning and expanding my horizons. Just because someone sees a kid on their phone doesn't mean they are doing anything wrong or not on the right path.
Not sure that was the point though. I think it was the top end spending. $5 lattes vs a $1.50 coffee. $200 jordans instead of $25 keds. $1000 social media phone vs $150 flip top phone. etc. I think the point is its easy to be broke all the time when buying all the top end items out there. I could be wrong though. @Hoopguru ?
Kids in high school want cool clothes. It makes them feel good about themselves and have confidence. Kids with Keds would be bullied. Sad but that is how school is. Then kids go to college and people don't care as much especially when mommy and daddy aren't bankrolling wardrobes anymore. I saved up money to buy video games as a kid. And cool clothes. And new tech stuff. It is what a lot of kids do. Doesn't really mean anything.
But, not everyone is doing those things. I have lived paycheck to paycheck most of my life. I have never bought $200 shoes or a $1000 phone. Alot of people pay for rent, bills, and food and their money is all gone. Many don't even make enough to pay for all three. And some are working multiple jobs. The price of living is insane.
I didnt say they were doing something wrong, it just that even kids have to learn the value of money and the difference between necessities and creature comforts. Yeah, when you are young its about creature comforts and wants. Nothing wrong with that. But at some point they either, work hard for the things they want, steal the things they want or go without. The cost of living and/or creature comforts, represents percentage of income of some sort.
it is.but you are also renting. This allows zero investment potential of property. I was in your spot too until i bought my first home as a single person for $140000. 2bd one bath. Ever since then ive been on top because of the investment. disposable lifestyles with zero investments will not allow for a nest to be built. not saying your lifestyle is disposable. But you are getting zero profit on your rent while the owners are.
Not easy for most to save up $140,000. And houses cost even more now. And will continue to cost more. You did that alone? No help? Glad you were able to do that. My wife and I have a goal to to save up a nice down payment for a house. Trying to get there. A lot of people, most people have to rent. It's getting even harder for millennials to save and buy houses. It will only get harder.
