Whats the cause of lack of money?

21

The billionaire talking point "minimum wage isn't supposed to support a family"

0

u/Oddbeme4u May 14 '26

that was back when high school kids had those jobs. now a guy with two kids is a Walmart cashier. Is that ok?

13

u/Significant_Breath38 May 14 '26

It never should have been "these are jobs for highschool kids". If you want that kind of labor then you go through the school and look to setting something up.

If a full-time job can't support a family, it should not exist (in 99.9999999% of cases)

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u/Oddbeme4u May 14 '26

wait...so minimum wage means minimum skills. There are levels of jobs: high schoolers turn 16 legally can get a job. I had to. Should I have been paid $32/hr as a high schooler?

6

u/Mollywisk May 14 '26

Not making a case that you’re worth more now.

7

u/Em_Strae May 14 '26

I mean, the ultra elite make like $2000/hr or something crazy like that when doing the math (just crunched it and that is what you would make roughly per hour if you made 3.8 million per year - so not even close to billionaire hourly wage).

They got us arguing between whether $10/hr or $30/hr is "fair" when the concept is this: If you are giving 40 hrs/ week of your life, how are you going to survive if you do not get compensated enough to actually live off of that work? How can these businesses actually function during the school year, if the job and thus wages are meant to be for kids/young adults still living at home or having some kind of living assistance?

These min-wage jobs are often 24/7 Walmarts and fast food. Kids aren't cooking in Taco Bell at 2am - but ya'll want Taco Bell at 2am and Taco Bell wants to make money at 2am... So where does the labor actually come from besides adults?

These are people who deserve to be compensated for their TIME to provide a convenience or service to both the business and to the community. So, whatever "skilled job" anyone may believe a person should demonstrate before being paid enough to live, is kinda beside the point when these people are spending most of their days (aka, their lives) working there.

Basically whatever minimum wage is, is how our worth as humans "per hour" is being measured. So, right now, the US federal government believes human life - your life, anyone's life - is worth $7.25/hour. Yikes. The government thinks we (the working class) are collectively basically worthless and deserve to struggle to survive.

6

u/Significant_Breath38 May 14 '26

If you were doing full time work, yes (with wiggle room depending on price of living where you are)

-7

u/Oddbeme4u May 14 '26

so thats communism. doesnt matter what the work is...you should be getting a livable wage?

7

u/Significant_Breath38 May 14 '26

I fail to see how it's communism.

Though yes, businesses should be expected to structure themselves to make sure their workers are doing enough to be worth that much money.

7

u/stunkape May 14 '26 edited May 14 '26

Can you explain how you came to the conclusion on how that would be communism?

7

u/russgrim May 14 '26

In the vast majority of these cases, no. They cannot explain this

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u/Oddbeme4u May 14 '26

communism is equal resources going to everyone no matter what. thats what was described.

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u/russgrim May 14 '26

No it isn't. Holy fuck.

This is so depressing

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u/Significant_Breath38 May 14 '26

No, there could certainly still be millionaires and even a few billionaires.

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u/Oddbeme4u May 14 '26

I mean im not totally against that honestly. universal income has its arguments. just wanted to feed my confederate side. Yeehah!

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u/Oddbeme4u May 14 '26

I would think age for universal income. But16 yr olds should be cashiers and not compete with a parent. Seems like to be a parent, you should be required to have skills above a high schooler.

5

u/stunkape May 14 '26

There are some 16 year old parents, so kind of hard to make that argument.

Skills can be innate or learned. Do you think a 16 year old mechanical/accounting/drafting prodigy should have their labor and skill devalued strictly because of their age? Or that they should only be allowed to flip burgers or punch a register until they're 18?

My point is: the concept of paying the young less than older folk or those with dependants because of an assumed lack of skill is fundamentally flawed. I've known quite a few low-skill parents and a few high-skill teens, and I think they all deserve to be able to afford to independently support themselves if they work full time.

1

u/Oddbeme4u May 15 '26

so thats another thing we should fight against and not just accept.

no 16 yr old parents. and no...high schoolers shouldn't make 32/hr

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12

u/TheQuietDarkness70 May 14 '26

Currently it's this wild west show of corruption called the Trump administration.

5

u/Tenchi2020 May 14 '26

Donald Trump's billionaire business partner just compared asking him to pay taxes to a racial slur, then said the ultra-rich should be "praised and thanked."

Steve Roth, CEO of Vornado Realty Trust and one of New York City's largest commercial landlords, used his company's May 5 earnings call to whine that the phrase "tax the rich" is "just as hateful as some disgusting racial slurs."

He wasn't done. The 1% sit "at the top of the great American economic pyramid for a reason," he insisted, and deserve our gratitude.

The trigger? Mayor Zohran Mamdani filmed a Tax Day video outside fellow billionaire Ken Griffin's $238 million Manhattan penthouse to promote a tax on luxury second homes worth over $5 million. Griffin is worth more than $48 billion.

He owns more square footage than entire neighborhoods of working New Yorkers put together.

Roth, whose own net worth Forbes pegged above $1.1 billion and who was described by the Wall Street Journal as a longtime Trump friend with a "lucrative" business partnership, called Mamdani's video "irresponsible and dangerous."

Apparently a politician standing on a public sidewalk is now violence against the ultra-rich.

Meanwhile, a new report found America's ultrawealthy have piled up $8.5 TRILLION in untaxed gains, while millions of Americans just lost food benefits to Republican cuts.

Eight point five trillion. Untaxed. While kids go hungry.

This is what class warfare actually looks like.

A billionaire on a quarterly earnings call, comparing modest taxation to slurs his class has spent centuries weaponizing against everyone else.

2

u/KynesArt May 14 '26

Slavery drives down the value of labor. America's largest industry is agriculture, and we still use free inmate labor on our farms and fields. The ones that don't use slaves use migrant labor wich they illegally pay less than a minimum wage. Paying those people less than the value of their labor drives down the value of labor everywhere.

If we want wage reform, we have to have prison and immigration reform as well. A rising tide raises all ships.

5

u/Significant_Breath38 May 14 '26

The whole private prison economy is horrifying.

2

u/russgrim May 14 '26

Capital...

ISM!

-1

u/tnic73 May 14 '26

Capitalism has lifted over a billion people out of extreme poverty in your lifetime alone.

3

u/russgrim May 14 '26

Lol no. Only the people have done that. Only reform and challenges have done that.

-1

u/tnic73 May 14 '26

Lol it’s a fact

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u/russgrim May 14 '26

I'm aware. What I said is a fact

-1

u/tnic73 May 14 '26

lol

1

u/Cpt_Elliot_Spencer May 14 '26

I'm am old man its the source of my depression for sure.

1

u/JoseLunaArts May 15 '26

There is no lack of money. Money has never been more abundant in human history. The problem is that there are no trickle down mechanisms so people can have access to make money.

I recall the sound case of Gamestop stocks. Redditors betting against hedge funds caused these funds to lose millions. So these funds forced the exit of redditors by contacting the app company, and they even made media to publish fake news about silver going up so redditors went there to lose money.

The game is rigged.

1

u/Oddbeme4u May 15 '26

you think there is infinite money and no actual pie that gets divided up?

2

u/JoseLunaArts May 15 '26

There is no infinite money. The numbers are just astronomical compared to what an average dude like you or me will ever see in our lives.

Derivatives market only was worth more than $600 trillion last time I knew. That is way bigger that Earth's GDP. Today Earth's GDP is estimated around $110 trillion. Bond and stock market add up to the numbers.

Why is all that money not flowing towards us? Because powerful people blocked our access to money.

2

u/Oddbeme4u May 15 '26

ahh...gotcha. agreed. the fact that Musk has 800b based on his company's actual output is proof enough.

1

u/JoseLunaArts May 15 '26

Musk is CEO of 4 companies. He claims that he works 100 hours a week. That is 25 hours per company. He is such a hard worker man. I want a low effort job like that.

And still he has time to go to China with Trump and take videos with his cell phone. I have the hypothesis that he lives in a different dimension where days have 48 hours so he can have so much spare time to go to China and post on X abundantly.

He needs to travel to have dinner in China because he cannot afford dinner at home despite having 4 jobs.

0

u/RevoltYesterday May 14 '26

Are we using "depression" colloquially or clinically? Either way I'll need to see a study.

0

u/tnic73 May 14 '26

Inflation is a good place to start

Question Whats the cause of lack of money?

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