I know this is mostly a socdem argument in the first place but how is increasing minimum wage good for the...

i know this is mostly a socdem argument in the first place but how is increasing minimum wage good for the people/demand when corporations in response always just raise prices on their products anyway?

pic unrelated?

1. Inflation has increased, wages have not.
2. It makes rent more affordable and allows people to save money.

This meme is overblown. The price increase would be negligible.

Shit thread, sage.

Read Wage Labour and Capital

i wasn't just speaking hypothetically. i've seen it happening. even if inflation/wages aren't directly proportional, it seems corporations just use mandated wage increases as an excuse to inflate because muh profit margins. is it just that corporations are stupid or what?

i should get on that but tbh i'm bad at reading marx. is there a translation for idiots or something?

...

statewide coffee place some people i know work for just did it a few months back

its a short read

it will speed automation making the argument for some kind of base income have more weight as the unemployment rate gets higher and higher

If corporations didn't steal surplus from the labor prices wouldn't have to rise.They already have the money, they're just not giving it to the workers. That's kinda why we're socialists.

i'm with you there. i'm just skeptical of the effectiveness of this solution in particular. it could just be because rightwingers i know bring it up a lot

You're right, which is why we need rent control too to keep parasitic landlords from siphoning off the extra wages of proles.

He'll just limiting people and corps to just owning only homes they live in would do it, sans rent control

rent control only works if everything in the city/suburbs is rent controlled

Haha

It's called using the police to beat anyone that doesn't comply. They sure as fuck find a way to enforce laws when it comes to black people and anyone that's not a Trump cuck

a partial rent control just hurts those it's supposed to help because 1. people who get the low rent places might not be the ones who need it the most (see NYC) and 2. drive down the demand for making property that would be rent controlled in the long term leading to less units than there were in the past and then 3. incentives payments/bribes to landlords to get the right to rent


afaik there has never been a full citywide rent control scheme before in the US. Your idea about limiting housing to only those who actually live in it is a good one though. Chinks have made the property value absolutely insane where I live (which is w/e since I own property)

You have every right to be skeptical because, yes, under capitalism, corporations will respond to raising wages by raising prices instead of just giving the already-existing surplus to the workers whose labor created it. But porky has done a damn good job of making sure people don't think like that, making sure that people sympathize with the corporations by thinking "but what about the price raises?" and therefore turn against raising wages. There's few more effective propaganda methods than turning the working class against their own interests.

FUCK YOU BOOTLICKER

Inflation offsetting a min wage increase would take time, in the meantime proles would benefit until inflation completely offset it.

Also Bernies plan ties the increase to inflation so that diffuses that

Also inflation is
=Fucking good for proles

Debt, and porky securities are in dollars, the weaker the dollar the weaker porky gets.

Why do you think every porky media outlet cries about min wage

Read Capital Volume III

This is bullshit.

All our shit is made by slave labor in China. Unless they got a min wage increase no manufactured goods will increase by n price.

Maybe services would increase in price, but services like medical, education and trade skills are going up anyway without min wage increase

Also it's proven the min wage acts as a floor that causes everyone's wages to go up. People making 15 dollars an hour now will want 30 when they see a burger flipper making 15, people making 30 an hour will want 60 etc

It’s just like 30 pages

i think you're getting the wrong idea. i'm not saying that just because i'm skeptical of this that therefore we shouldn't do anything about capitalists exploiting workers. if anything i want to be proven wrong and am just sick of rightwing defeatism.

most commodities can't increase prices because they are in competition with each other. But, of course, there are industries that can capture any increase in min wage, like utilities, telecoms, healthcare and such, meaning monopolies and industries that have network effects. heavily regulating these industries is the only solution.

Doesn't Marx make a point somewhere that the price of something has an upper ceiling based on a socially reasonable price range? Can anybody confirm? Because I may be conflating it with something else.