The Middle Class Blames every one but themselves

My vote is "guy who got kicked off Milan boards for being a commie"

 

Don't you have shift to cover at Olive Garden?

 

I think he's getting by on the free money...

 

BuT tHэ jOb CяэaTorzzzz!!!

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In the Netherlands and Monaco. He will also employ many Filipino servants to man the boat.

 

"We can't tax the rich because they will use that extra money to create jobs for the middle class!"

-- Republicans https://t.co/oiEZ83kvpt

— Mrs. Betty Bowers (@BettyBowers) May 14, 2021

 

The trickle down should be around the corner:

55 major companies paid $0 federal income taxes last year, despite reporting nearly $40.5 billion in combined pre-tax profits. That group consists of major S&P 500 and Fortune 500 companies including Nike, Salesforce, FedEx, and Archer Daniels Midland. https://t.co/P7LJKEaOwH

— Richard Hine (@richardhine) May 15, 2021

 

They’re also considering a dollar meals coupon book:

why pay people a decent wage when they can just live in a VAN down by the RIVER? https://t.co/0YdEsyuJpV

— Jamison Foser (@jamisonfoser) May 17, 2021

 

Oh look at all the R&D that makes drugs so expensive!!!

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I hope she runs for Senate to replace Sen. Feinstein.

 

Too small to report, yet big enough to fail almost catastrophically:

https://www.nytimes.com/2021/05/18/opinion/archegos-bill-hwang-gary-gensler.html

In 2021 Archegos bet that the price of approximately nine hot stocks, including ViacomCBS, Discovery and Baidu, would keep climbing. It seemed to have good reason: Discovery and ViacomCBS were investing in streaming services, a booming sector. But Archegos wasn’t just buying and holding. It used borrowed money and under-regulated derivatives to make bigger, riskier bets.

Just as you can borrow money against the value of your home, you can borrow money against a portfolio of stocks. Regulators limit nonprofessional investors to 2-to-1 leverage — brokers will let them purchase $200 in stock for every $100 in assets. But private money managers like Mr. Hwang face no hard upper limit: Many private funds are able to borrow five or 10 times the value of their portfolio. Archegos may have gotten as high as 20-to-1.

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Once Mr. Hwang’s investments starting soaring, he wanted more. Rather than cashing out, he kept borrowing from the world’s biggest banks, driven to make even bigger bets. To do so, he used what’s known as a total return swap, a type of derivative that provides all the economic benefits of owning a stock without requiring Archegos to spend the money to actually buy it.

Here’s how it worked: Archegos paid a bank like UBS a preset fee. In exchange, the bank bought ViacomCBS stock and then paid Archegos any income and capital gains the stock generated. When the stock price dropped, Archegos would pay the bank the amount by which the stock fell. All Mr. Hwang had to do was find a bank that believed Archegos was creditworthy enough — and he found plenty. But the same leverage that powered Archegos’s success also proved to be its undoing.

 

Ready for the $100 menu?

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I fail to see how replacing two crappy $8 employees with one $15 employee and a touchscreen is going to make that much of a difference in the price of my McBurger.

 

I was being facetious.

 

Easy - Don't eat McD

 

The fries are good. Almost everything else is dog chow

 

Yeah - Fries are all I will buy from there

 

So you know, if we open up the border, businesses would find lots of people willing to work for the money they are willing to pay.

Just saying; maybe these are more jobs that Americans are unwilling to do, so Mexicans and Central American immigrants will be more than happy to do them.

 

So your solution to avoid raising the minimum wage to provide a decent standard of living is to instead exploit more desperate people?

 

Google the minimum salary in Mexico and Central America, it would not be exploitation, they would get massive pay raises.

There is a reason why my pops crossed the river back in the 1970s.

 

We have seen this before. I'm sure that I posted this in the Gringos Won't Pick No Stinkin' Tomatoes thread

BIRMINGHAM, Ala. (AP) — Jerry Spencer had an idea after Alabama's tough new law against illegal immigration scared Hispanic workers out of the tomato fields northeast of Birmingham: Recruit unemployed U.S. citizens to do the work, give them free transportation and pay them to pick the fruit and clean the fields.

After two weeks, Spencer said Monday, the experiment is a failure. Jobless resident Americans lack the physical stamina and the mental toughness to see the job through, he said, and there's not much of a chance a new state program to fill the jobs will fare better.

https://www.al.com/wire/2011/10/state_program_to_replace_immig.html

 

That's not the point though.

Keeping wages below what allows for a decent standard of living in the US just because there are people for whom even that is an upgrade is the definition of exploitation.

Not to mention immigrants are often fleeing not only economic hardship, but violence or political persecution, so it's extra callous to use the "pay raise" they get when doing these low wage jobs in the US as a reason to keep wages low.