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michael
The Young Turks
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Comments by "michael" (@michaeld4861) on "Politico: Low Wages Are A Good Thing For Workers" video.
Yeah but we only got $3,400 (or was it $4k?) ... that's not really very much money. Corporations actually got the bulk of the money printed, and the business loans and PPP loans as well. Only a very tiny amount of the money printed was actually stimulus checks. I mean, the airlines got $54 billion for stock buybacks and ceo bonuses alone. Businesses raising prices simply cause they know they can make more money should be illegal anyways though, or at least a winfall tax on those extra profits, especially for necessary things like food, rent, medical, drugs, etc.
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@coryluke12 Corporation never lower prices. Oil is pretty much the only thing that ever goes down again after it goes up.
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Yes, but raising rates to the point of crushing wages and skyrocketing unemployment doesn't help the working class... it actually helps the elite. (And Fed battles inflation as well). I think either way we are screwed cause we don't have any political party to support labor rights unless Bernie somehow got past the Dem moneywall.
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Problem is that any job that does not pay enough to survive should not exist. And 40% of all jobs now are shitty jobs, since we shipped all the good jobs overseas.
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