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this post was submitted on 10 Mar 2024
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Right up there with Fox calling "people getting paid more" "wage inflation" and saying it'll doom the economy if it isn't stopped.
Also think about all the small business that won't be able to adapt!
There's this local brew-pub restaurant, the kind of place that had its own brand of craft beer and a trendy local restaurant connected to the brewery. The sort of business that skyrocketed in popularity in the 2010s. Started in 2014, was doing great business, really popular night scene, etc. No dollar signs on the menus, if you know what I mean.
They recently just announced they're going out of business and closing down everything. I was sad and upset about it...until I read the interview the owner did where he explained why they had to close, and snuck in there between "I took loans out I can't pay back because interest rates went up", "business not recovering post-COVID", and "supply costs going up", he added "wage inflation".
I've never done a 180 on a small business owner faster.
Having a business has the damnedest way of making people forget that you can't shear sheep you starved to death.
Wage Inflation!?!? The minimum wage is STILL 7.25, and basically no business is hiring for that amount because they know they'd be laughed at.
And I don't know what you mean by "No dollar sign on the menu" please elaborate
Around the mid 2010s it became a very trendy thing for hip, new restaurants to not put the $ sign next to the prices for items on the menu, and no decimals either. If something is $11.00 they just put "11".
Now they all seem to do that.
Oh, I thought you meant the price was literally not on the menu at all, but that didn't make sense with the context given. Since that just means "If you have to ask you can't afford it."
They're quietly pushing the fatalist idea that someone's always got to be poor, and giving them more money will magically cancel out. Like, exactly, to the cent. These people think doubling wages at McDonald's will instantly double the price of a burger, as if all of that money goes right into the cashier's pocket.
They are not just slandering when people get paid more. They are pretending that's what causes inflation. As if paying people more does not work. Quoting a living cartoon I argued with on the other site, "it will put us right back in the exact same situation."
And it's really insidious when you realize that having this many poor people is horrible for the economy as we have a system that is reliant on consumers with no one who can afford to consume....
Meaning, they don't give a shit about the economy, they just get off on suffering.