Comments by "whyamimrpink78" (@whyamimrpink78) on "" video.
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@manfredkandlbinder3752 you can't define a living wage. Too many factors. You say a single bedroom. What about a studio? What about roommates? Also, what about other people, like me, who earn a high salary that drives up the cost of rent? I am a single person and I can afford a 2 bedroom apartment easily.
As for companies affording it, they can't. Profit margins are thin. Also, you have to look at how many employees a company has. You are asking for higher wages. But how about a company that, instead, hires more employees increasing opportunities? You need to factor that in.
Sorry, but if you start working at McDonalds and do not find a way to move up in life, that is on you, not the owner of McDonalds. At some point you, as an individual, has to take action.
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that is flawed to say that. To start, what method of inflation? There are several such as CPI. PCE, GDP deflator, etc. Next, not everything inflates. There are many goods and services that have dropped in prices. For example, how much are flip phones worth now? Along with that, many goods improve. Take a car, for example. A car today is more expensive in dollar amount compared to the 70s. But cars today last longer, are safer and get better gas mileage, all that saves money.
A wage is a price for someone's labor. There are many jobs out there that are no worth zero. How much is a Blockbuster employee worth? Zero. But according to you not only should they still exist, but should be paid $32/hr.
So saying inflation is highly flawed.
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