OT Inflation, Wages

Welcome to our community

Be a part of something great, join today!

Register Log in

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
SlyPokerCat said:
I worked 50-80 hour weeks for a good chunk of my 20's. My endurance at work is so much stronger than 90% of the workforce today. I'm definitely losing my work stamina as I continue to get older, but still so much better than most.

Working that many hours makes you just fucking get shit done. A lot of people want everyone else to do shit for them or if they don't have their hand held the entire way are useless.
Click to expand...

Same. I'm so fucking lazy now, but I'm glad I put the nose to the grind back then. Working that much gives you more confidence due to stress, pressure, work experience, etc too. Like I said, it builds a foundation that you put in the work
 
EL PRESIDENTE said:
Same. I'm so fucking lazy now, but I'm glad I put the nose to the grind back then. Working that much gives you more confidence due to stress, pressure, work experience, etc too. Like I said, it builds a foundation that you put in the work
Click to expand...
Too many people blame training nowadays
 
Last edited:
We are sooo fucking privileged. People once had to work from wake to sleep to fend for themselves daily to live in a cave or hut.
Now we expect to work 40 hours a week max and that should just pay for everything including nice houses and cars…education, health care, etc.


Genuine hard work ethics are gone due to the spoiling of this nation.

War is coming. See how many hours you have to work to survive during war times…..

Work hard is right. If your not willing to work hard, then dont bitch about not having nice things or getting to play hard.
 
Phatguysrule said:
That's not how it works though. Cost of living rises less than the minimum wage hike.
Click to expand...

Wrong.

i just explained how we are getting a 40% increase in costs of services.

Here is the Oregon minimum wage breakdown:

What is Oregon's minimum wage 2020?
"); display: inline-block; height: 24px; width: 24px; transform: rotateZ(-180deg);">

$12.00

Minimum wage increase schedule
Date Standard Nonurban Counties
July 1, 2017 $10.25 $10.00
July 1, 2018 $10.75 $10.50
July 1, 2019 $11.25 $11.00
July 1, 2020 $12.00 $11.50




If you go back to $10 per hour aNd then raise it to $15(were not there yet)

Thats still only a 33% increase.

so the increase in wages is not covering the inflation of costs and goods of services.

One only needs to look around to see this is exactly what happening.
 
Orion Bailey said:
Wrong.

i just explained how we are getting a 40% increase in costs of services.

Here is the Oregon minimum wage breakdown:

What is Oregon's minimum wage 2020?
"); display: inline-block; height: 24px; width: 24px; transform: rotateZ(-180deg);">

$12.00

Minimum wage increase schedule
Date Standard Nonurban Counties
July 1, 2017 $10.25 $10.00
July 1, 2018 $10.75 $10.50
July 1, 2019 $11.25 $11.00
July 1, 2020 $12.00 $11.50




If you go back to $10 per hour aNd then raise it to $15(were not there yet)

Thats still only a 33% increase.

so the increase in wages is not covering the inflation of costs and goods of services.

One only needs to look around to see this is exactly what happening.
Click to expand...
Inflation is not 40%. Consumer price index had it at 6.9%. Which is high, for sure. But high prices are due to the labor shortage caused by the pandemic.

This is not a mystery, otherwise prices would not be rising in states which have not raised minimum wage.

But they are absolutely doing exactly that. This was always going to happen when boomers started retiring.

https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news
 
Phatguysrule said:
Inflation is not 40%. Consumer price index had it at 6.9%. Which is high, for sure. But high prices are due to the labor shortage caused by the pandemic.

This is not a mystery, otherwise prices would not be rising in states which have not raised minimum wage.

But they are absolutely doing exactly that. This was always going to happen when boomers started retiring.

https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news
Click to expand...

but that isn't what i said. What i said was is raising minimum wage wont solve it.
I pointed out an example of a company.
It is happening. Shall i scan the letter to show you it specifically says increased costs of services due to the increased salaries they are paying?
Whether its a forced in reason or required to get quality employers, the costs are being trickled down.
Which in turn increases the consumers costs.

you can go with what you want and agree to disagree. im going to go with what i actually see going on in the economy and industry im working in.
The fact is companies pass on the increased costs to the consumer. Whether it be pandemic costs, increased goods due to demand, or increased wages doled out.
It all goes downhill.
 
Last edited:
Orion Bailey said:
but that isn't what i said. What i said was is raising minimum wage wont solve it.
I pointed out an example of a company.
It is happening. Shall i scan the letter to show you it specifically says increased costs of services due to the increased salaries they are paying?
Whether its a forced in reason or required to get quality employers, the costs are being trickled down.
Which in turn increases the consumers costs.

you can go with what you want and agree to disagree. im going to go with what i actually see going on in the economy and industry im working in.
The fact is companies pass on the increased costs to the consumer. Whether it be pandemic costs, increased goods due to demand, or increased wages doled out.
It all goes downhill.
Click to expand...
Yes. Companies do pass increased costs to consumers. But increased wages don't cause inflation to increased as much as the increased cost on wages. Consumer prices are high right now because of the labor shortage. Not because of increased minimum wage. Otherwise it would have started in Seattle and NY before the pandemic. And that didn't happen.

Inflation is lower than increased wages even with the pandemic induced labor shortage.

You are one again using anecdotal evidence in an effort to support what you want rather than looking at all of the data and drawing conclusions from what that data shows.

Wages increasing $5 per hour does not cause inflation to rise $7, as you suggested.
 
Phatguysrule said:
Yes. Companies do pass increased costs to consumers. But increased wages don't cause inflation to increased as much as the increased cost on wages. Consumer prices are high right now because of the labor shortage. Not because of increased minimum wage. Otherwise it would have started in Seattle and NY before the pandemic. And that didn't happen.

Inflation is lower than increased wages even with the pandemic induced labor shortage.

You are one again using anecdotal evidence in an effort to support what you want rather than looking at all of the data and drawing conclusions from what that data shows.

Wages increasing $5 per hour does not cause inflation to rise $7, as you suggested.
Click to expand...

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.
 
Orion Bailey said:
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.
Click to expand...
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.
 
Hoopguru said:
you mean nothing left for $5 coffees, cell phones, eating out everyday, $200 shoes, money for booze and drugs?
Click to expand...

which most people don't actually do, but hey, talking points gotta talk.
 
julius said:
which most people don't actually do, but hey, talking points gotta talk.
Click to expand...
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.
 
Hoopguru said:
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.
Click to expand...

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.
 
Hoopguru said:
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.
Click to expand...
You have no idea what people are doing on their phones.
 
Last edited:
SlyPokerCat said:
You have no idea what people are doing on their phones. They could be reading news, reading a textbook, learning shit. They just aren't opening a newspaper anymore or textbook that takes up a whole bunch of space. Technology is a good thing.
Click to expand...
Its what kids are spending their money on, not all kids but a good percentage.
 
SlyPokerCat said:
You have no idea what people are doing on their phones. They could be reading news, reading a textbook, learning shit. They just aren't opening a newspaper anymore or textbook that takes up a whole bunch of space. Technology is a good thing.
Click to expand...
Okay but reality says they aRe on social media. And a quick glance at thier phone more often than not, proves it.
 
Orion Bailey said:
Okay but reality says they aRe on social media. And a quick glance at thier phone more often than not, proves it.
Click to expand...
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.
 
SlyPokerCat said:
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.
Click to expand...

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 ?
 
Phatguysrule said:
Inflation is not 40%. Consumer price index had it at 6.9%. Which is high, for sure. But high prices are due to the labor shortage caused by the pandemic.

This is not a mystery, otherwise prices would not be rising in states which have not raised minimum wage.

But they are absolutely doing exactly that. This was always going to happen when boomers started retiring.

https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news
Click to expand...

It was 6.8% for the month of November alone
 
Orion Bailey said:
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 ?
Click to expand...
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.
 
Orion Bailey said:
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 ?
Click to expand...

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.
 
SlyPokerCat said:
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.
Click to expand...

i had fake keds as a kid and was made fun of for it. I turned out ok.

I think… lol.
 
SlyPokerCat said:
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.
Click to expand...
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.
 
Chris Craig said:
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.
Click to expand...

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.
 
Orion Bailey said:
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.
Click to expand...

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.
 
Hoopguru said:
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.
Click to expand...
I'm a numbers frugal guy.
 
Last edited:
You must log in or register to reply here.
Back
Top