The next corporate spin will be “We should LOWER minimum wage, that’ll definitely bring prices down, trust me bro!”
To be fair, if we did raise minimum wage, they’d use it as an excuse to raise prices again. We still need to get higher minimum wage of course, but we also need get much tighter restrictions on corporations, or any financial ground we gain will be lost shortly thereafter under a million excuses to bleed the extra money out of us.
I’ve read a times article the other day that claimed it is important for food prices to stay high even though inflation stoped, because otherwise people would stop buying stuff because it might get even cheaper. Yea let me just stop buying groceries for a month.
I was at a restaurant yesterday that charged seventeen dollars for guacamole.
When things are bad and the economy sucks, prices go up. When things are great and the economy is good, prices go up.
Corporate fucking greed has ruined this country, and you can thank the fucking republikkklowns for it.
The USA was founded on capitalist ideals. This is the system working as intended.
The price will be whatever the market will bear. Right now, they’re figuring out exactly what the market will bear. They’ll step back from the line just a little bit then slowly creep up over time to reclaim all the profits.
If you’re old enough to remember, this happened with fuel prices not super long ago. Prices were sent just north of ~ $3/gallon, and there was outrage. The prices dropped back to somewhat normal levels and everything resumed but the prices always kept trending higher and higher, now, we barely even flinch at $3/gal, and often, that’s considered a good price for fuel… At least, it is where I am.
The same people who were outraged by it now seek it out. This isn’t any different. They spiked prices, now sales are falling like a brick. They’ll bring it down to something “more reasonable” in the near future to recover sales, then over the next 5-10 years they slowly jack it back up to the current price and beyond and we will barely even notice.
Exactly. Democrats won’t fix that principle; they may (eventually, maybe, years into the future) raise minimum wages, which would be helpful for a while, but they cannot stop capitalism being capitalism.
And, dependent on capitalist donors just like Republicans, they won’t be able to take radical action against the status quo.
This is what many blame the failure of Biden administration to make economic reforms on - Democrats, too, play under the rule of the market, just less openly than Republicans, which is why they always try to find scapegoats to sabotage the most radical plans even when they take the majority of seats.
That’s not to say you should vote A or B. That’s just to mention that Democrats are not your friends and saviors, and they can only be seen as a lesser evil until people organize, come out on the streets and demand loud and proud what they deserve. They have nothing to lose but shackles.
I think we agree that capitalism is the problem.
If you were expecting Biden to end capitalism in America that was your fault for having terrible expectations.
We live in a market capitalist country. It isn’t going to suddenly become socialist. End of story.
Brother, free yourself from the partisan bullshit and realize both sides work to favor capitalism. And there are people on both sides that oppose this corporate greed.
I get it, the Republican Party is a fucking shit show right now. But don’t let that fool you into thinking Democrats have your best interest in mind.
We did raise the minimum wage, at least some states did.
Out of curiosity, I found these two maps.
Big mac prices:
Min wage:
I don’t care enough to plot a scatter graph of min wage vs big mac prices, but at a glance it seems to be loosely correlated at most.
Just want to add for those who might not know, if the state minimum is below the federal, then the federal is used as the minimum.
