"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Linked To Gold & Commodities

Once again, you are out of your depth. The BIGGEST expense is LABOR. We have to pass expenses off to customers...

 

Not really sure Americans on this website care what non Americans think. Since these non Americans are pushing Russian lies.

 

What is your source for your claim?

...Even the roar from Congressional critics about assembly line largesse seemed to miss the fact that (according to the UAW) labor costs account for about 10 percent of the cost of producing a vehicle; the remaining 90 percent includes research and development, parts, advertising, marketing and management overhead.
https://www.cbsnews.com/news/the-true-price-of-auto-labor-costs/

 

My source is the business I manage. I can also say the same for all the other business owners I meet with.

Labor accounts for about 60-65% of our total costs when you add in benefits etc. The next highest expense is rent.

What a waste of time.

 

Get another business if you're just wasting your time.
Maybe build autos, where labor is only about 10% of the cost.

Who knows, you might even be able to remember what it was like to be a happy person?

 

No. I meant it was a waste of time to even respond. Def ears.

 

Rent is certainly higher than it ought to be, same as real estate prices.

But good pay for employees is important and a benefit to the economy as a whole, so don't be too quick to discount it. Perhaps you've been on the management side of things too long to appreciate what it's like for the people you employ?

 

I know the feeling.
Cranky people.

And you didn't even get the sarcasm.
Just seeing if you might know or remember what happy is.

 

I cut my teeth when minimum wage was a fraction of what it is today. My first job paid 2.90 an hour. Of course then minimum wage wasn't meant to support a family like it is today. You WERE expected to learn a trade or go to college and if you had children you stayed together. Low level minimum wage jobs were for kids mostly. Times have changed.

 

Things like higher education and homes have skyrocketed. Current minimum wage is not enough to support a family on, either. Not even close.

It's like you just want to gripe and aren't all that interested in reality, preferring some kind of fiction that makes you angry all the time.

 

the last President proved that, no moral compass and a cancer on society for sure

 

With the trade agreements made in the 1980s and 90s, it was inevitable wages were going stagnant or falling.
So that those union jobs that made American middle class was going to erode.
Min wage laws was all that kept wages from going to rock bottom.
But, min wage always was only playing catch up to the real world. Just letting the last 5 or 10% of the workers get what the rest of the country was already getting.
That's why it only increases every decade or so.

 

There were union jobs that took care of family wages back then.
Unions got greedy and now they don't have the support anymore to keep a middle class anymore.

But you are correct, min wage laws only give the lowest of the low a chance at some miniscule chance at better wages to sustain oneself.
Not meant to support a family but mostly and individual, so they might be able to leave their parents home.

 

The lag has been awful, yes. I've long said that it should simply be pegged to inflation or the CPI. I guess that would make too much sense.

 

They'll win regardless. Whether you approve of their methods and morals is hardly the point.

You can love freedom all you want, but nations go where the power and the money is. "Holding sway" means nothing in light of that.

 

In good economic times, there's no real need for min wage, for if wages are too low for a job. No one will apply.
It has an impact in tough economic times as it puts a floor on how far consumption can fall.

 

This is patently untrue. We've had high minimum wages in this country for years, and our cost of living is considerably higher than yours.

 

Your anecdotal ramblings in no way counter what I said.

 

So you think you can have a higher minimum wage, and it won't impact the cost of living?

Those are some good drugs, Duro!

 

You haven't established a causal relationship between your "high" minimum wage and your "considerably higher" cost of living. Seems to me you're most likely reversing the actual cause and effect in that relationship.

 

If a young person cannot succeed in today's environment that is due to their own deficiencies.

I saw a sign in front of McDonald's last week. 18 bucks an hour... They are begging people to work. If someone comes from a poor home college is virtually free with all the grants offered now.

The problem with student debt is morons going to expensive private schools to get degrees in the arts or education. Those degrees should be attained at state schools.

Young people today are lazy and unrealistic. I'm sorry everyone can't be a Kardashian. You have to make prudent decisions, work hard, save, and sacrifice through your 20s to achieve financial freedom later.

Instead what do they do? Party, play video games, waste money, don't work or master a trade, and have children out of wedlock. Then when the hit 30 and have nothing they gripe about it and blame others.

 

Are you talking to us from your goldfish bowl?

 

It doesn't matter. The only thing that matters is that it's connected to a higher cost of living. Poor people stay poor, IOW.

 

Are you pushing Russian lies?

 

Are you pushing American propaganda?