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Not a real solution, we must get laws to really regulate renting. I can’t deny the dream for me would be to outlaw renting entirely if not for particular reasons, and pushing for more reasonable mortgages + government help to buy a first home
single family houses are inefficient as hell though.
Owning an apartment/condo isn’t an impossible option, although I admit it requires more cooperation than a sfh. Condo associations and fees are already a thing.
Wouldn’t raising minimal wage just raise prices higher without dealing with the underlying problems?
Prices are already getting higher, and we don’t have other solutions.
In Australia, minimum wage is quite high and so are the costs of many goods, but things like Amazon and flight tickets are much cheaper comparatively
That doesn’t answer my question. Prices might be high, but when you just give people more money, they will grow higher. Why wouldn’t they?
That’s just greed. They’re doing that already. Prices right now are crazy high, BUT guess what else is? PROFITS. Record profits everywhere. That shit should be illegal.
Are the record profits still record after being adjusted for inflation?
Money is worth less now than it was this time last year.
Let’s say a profit of $1000 last year is equivalent to a profit of $1200 this year.
Have you made $200 more this year? Well, technically yes but it doesn’t quite have the same purchasing power as it would have if you made it last year instead
Yes, record profits after inflation. Don’t simp for the corporations, they don’t give a fuck about you. They’d rather see you die than give you a penny.
You think our wages keep up with inflation?
Minimum wage does not increase inflation.
Minimum wage reacts to inflation.
If there’s no corresponding regulation on rent prices, minimum wage is irrelevant.
Raise the minimum wage to a bazillion dollars? Great! Rent is now three hundred bajillion!
Raise the minimum wage to $25/hr, tie it to inflation… Use the $67billion a year spent on section 8 housing to build people houses which they end up owning, instead of shoveling all that money into slumlords’ pockets. Flood the housing market with supply to keep the prices down, even as people are able to afford more.
Raise the minimum wage to $25/hr, tie it to inflation…
I fully believe this would cause runaway inflation as wages only went up and up as the majority of americans have more money and thus prices can be raised. This cycle would constantly repeat as raised prices cause a raise in wage until the american dollar is worthless and we’re all making millions or billions of dollars a year which adjusted to inflation… is like today’s $15/hr. Interest rates for loans would skyrocket to an unfathomable percentage as double digit inflation remains y/y.
The billionaires would quickly turn into trillionaires and quadrillionaires as their investments rise in price proportional to inflation.
Inflation is happening anyway… Prices keep going up and up regardless of whether pay increases enough for people to afford them
So basically the idea is to just make everyone make the same amount of money unless they are very rich, in which case they are going to have their total compensation pegged to 300x+++ of minimum (or some other absurd number.)
It’s all bullshit man. Crazy minimum wage hikes are never going to become law in the united states.
I fully believe this would cause runaway inflation
https://fortune.com/2023/05/30/inflation-worker-pay-not-a-major-cause-fed-study/
https://archive.riksbank.se/Upload/WorkingPapers/WP_159.pdf (PDF Warning)
https://www.upjohn.org/research-highlights/does-increasing-minimum-wage-lead-higher-prices
Please don’t believe BS.
Your defeatism is toxic and not supported by evidence.
So I’m curious. When you feel compelled to shit on some random Internet stranger with no apparent substantiation beyond general anger, do you prefer virtual toilet paper or a digital bidet?
You tell me I’ve no evidence, and that’s pretty much true as I’m just making a casual remark, but you’re taking it upon yourself to verbally attack me with words like toxic without providing any basis yourself.
The rest of this conversation is level headed, some agreeing, some disagreeing, some expanding on the thought.
But you’ve just got to scratch that Internet hemorrhoidal itch.
I’m glad someone made this point. Raising the federal minimum wage too fast is a great way to cause inflation. Control rent and interest rates and creep minimum wage up in steps, going to $15 federal would be great for a while but isn’t a stable solve. We can start establishing a living wage economy slowly, especially where many states still tax food and health essentials. $7.25 is embarrassing, but funnily enough, it is still the 17th highest across all countries.
I would argue you need unions more. There’s no minimum wage in Iceland because we have people who negotiate it for us.
There are a lot of US states that have skirted union protections by not banning unions themselves, but just banning workplaces from requiring union membership for employees. It’s called a “right to work” law that is implemented many different ways in many different states that makes unions a hard thing to nail down for the federal government.
As far as a federal ban on these laws, I think we are more in a position of fighting against a federal version of them, which is more likely to have support, than we are in a position to fight for a federal ban against those laws, though there are efforts.
Yep. Time to drop the uniparty. Vote TRUMP 2024!
The fuck you doing on Lemmy, you little bitch?
Republicans can’t be on Lemmy? I know it’s mostly Dems on here, but diversity and differing views is a good sign for the platform
Being a current day republican isn’t a “view”. It’s hate and should be shunned.
You sure can, but don’t start crying when you’re constantly being shitted on for supporting the orange piece of shit. Either way, they offer nothing of value to any conversation other than stupidity, hateful rhetoric, and Donnie. So they can fuck right off.
I don’t want those assholes here.
This thread is chock full of idiots who would vote to lower their own wages because of a spectacular misunderstanding of how inflation works.
Either that or trolls looking to encourage others to fight against raising their own wages.
Either way, it’s sickening.
Why don’t states with Dem majorities raise the local wage to match housing costs?
Washington State, New York, Minnesota… none of these states have escaped this problem.
Because the problem is the capitalist class is holding the government hostage with their lobbying. Shit’s class war, not culture war.
[Sic]“Don’t tell me there’s no class war, of course there’s class war. My class, the rich, started it and we’re winning.”
- Warren Buffet
the problem is the capitalist class
I hope there aren’t any capitalists outside the Republican party.
California does. We have a state minimum wage of $15/hr, city minimum wages, (varies by the city, but here in San Diego it’s currebtly $16.85 an hour) and now food service minimum wage of $20 an hour at the state level.
You can’t pay for rent in San Diego on a $40k/year salary.
Even slums are going for $2k/mo. And food plus utilities easily puts you over the line.
$20/hr only really works if you’ve got some kind of subsidy or second job.
Oh yeah. I never said that they are keeping up with COL, but they are doing something at least. I personally think that corporations should be banned from owning residential property, but I don’t believe the political will is there to actually manage to do that.
I never said that they are keeping up with COL, but they are doing something at least.
If the cost of living outpaced the wage rate, effective wages are falling.
Seattle’s minimum wage is currently $19.97/hr. Why are you whining about placed that have already raised their minimum wage by a lot?
Cost of living has outpaced the sub-living wage minimum
except democrats dont care either
start building a new system now.
Fight for a better system but still vote democrats. Voting for the lesser evil gives you the lesser evil.
i agree, but at the point a genocidal maniac is the lesser evil, its way past time.
That has mostly been the case in US politics since the founding. You gotta play the hand you’re dealt though.
If young adults consistently and reliably voted at all, we wouldn’t be in a position choosing between this and seeing what “Israel should finish the job” means.
in my country voting is mandatory for everyone over 18, and we mostly suffer through the same problems as you when it comes to politicians. i wish it were as simple as getting more people to vote.
We don’t have a minimum wage in Sweden. Wages are mostly dictated by negotiations between employers and unions.
Unions are important.
thats also the reason the ones in power hate them so much!
unions are definetly part of the solution.
Yeah. We have an ongoing thing between Tesla and IF Metall, with a bunch of other unions backing them up. Tesla refuses to sign collective labour agreements, and they’re penalising strikers by taking away stocks they’ve earned. It’s hardly surprising that Tesla doesn’t want to adhere to the Swedish model.
if they dont want to attend to the workers demands in sweden they can get fucked.
you’re gonna wanna skip the polls and start buying arms now if that’s your plan
i cant do that by myself. the rest of the people has to recognize the system is broken too.
You also can’t do it if the backslide into full totalitarian fascism reaches the “first they came for the socialists” line in the poem.
Don’t worry - after
HitlerTrump, their turn!totalitarian fascism is already there, the crackdowns on the university protests are looking a lot like it. violence towards the protesters, a pat on the head on the fascist counterprotesters.
and honestly its looking a lot like trump will win anyway, at least that is what the polls are looking like.
we should be bracing for impact.
edit: how could i forget the treatment the us gives to the third world.
totalitarian fascism is already there
Fucking lmao
Or don’t skip the polls. Both sides will shoot at you, but one side will shoot much sooner because it wouldn’t necessarily be political suicide for them.
Imagine my surprise when the election comes and goes, one way or another, and these online revolutionaries continue to do… nothing of substance. Just like 4 years ago, and the 4 years before that, and…
i’m all for forcibly restructuring society, but yeah… we know these people will do nothing.
see the university protests and unionization if you want an example in the us. we are organizing protests and actions, but doing systemic change is a collective endeavour.
we actually need much more people to recognize its broken and be willing to help. that wont happen if all you do is begrudingly accept the progressively worsening lesser evils.
You are right both sides aren’t the same. But by absolute standards, both sides are really really bad and I think that’s a fair assessment all things considered. One has to be better than the other, but both are bad.
You forget that dems vote against it as well: Kyrsten Sinema, Joe Manchin, Jeanne Shaheen, Maggie Hassan, Jon Tester, Tom Carper, Chris Coons, Angus King…
You also forget that a $15/hour minimum wage isn’t even a living wage in current year and that’s what they voted against. Both sides fight for billionaires, stop deluding yourself.
Ah the DINOs. Well two are out at least.
Both sides fight for billionaires, stop deluding yourself.
Nobody’s deluding themselves. I’m pretty sure we all know full well that both sides fight for billionaires, it’s a question of degree and that degree matters. Is $15/hr more or less than $7.25/hr?
IOW, it’s a start… it’s progress. I get that the progress is frustratingly slow. But once you have $15/hr you can keep incrementing it, especially at the state level.
Is $15/hr more or less than $7.25/hr?
Considering the former ain’t fucking happening because Democrats voted with Republicans, your question is irrelevant.
Considering the former ain’t fucking happening because Democrats voted with Republicans, your question is irrelevant.
Which bill are you referring to precisely? The Raise the Wage Act of 2019 was passed by the House but not taken up by the Senate, which at the time had an R majority. The 2021 “American Rescue Plan” bill had an amendment added by Sanders to raise the FMW to $15 but this was removed because it wouldn’t have passed otherwise. An important distinction here is that a number of the 8 democrats who voted to remove the amendment were doing so so that the pandemic relief part could pass. Their various reasons are outlined here. The amendment was a bit of a hail mary that few expected to even make it for purely procedural reasons. So this was a compromise… it wasn’t saying “we democrats don’t want a FMW increase”. There are a couple of DINOs that think that, sure, but two of them are going away.
There are other options here, such as HR 603 (2021-22) which hasn’t been taken up yet. Some dems oppose this because it takes too long to get to $15/hr. But of course we need a house majority to make any progress on that.
And notably, Biden via EO raised the minimum wage for federal workers to $15/hr.
The fight isn’t over. But if anything this just underlines the need for stronger majorities. Throwing up your hands and giving in because it didn’t happen right away is, well, not helpful.
The 2021 “American Rescue Plan” bill had an amendment added by Sanders to raise the FMW to $15 but this was removed because it wouldn’t have passed otherwise.
Because one unelected bureaucrat said so.
Their various reasons are outlined here.
Count the republican talking points about the minimum wage in that link.
It’s always some technicality or detail that forms a se master plan. No, they voted to remove it unlike everyone else.
You don’t understand how the American political system works. Full stop.
You don’t understand how we stop living under the whims of a broken system. By fixating these details completely divorced from the actual helping of others you are prepetuating that those details matter. You are lost and you have no idea what matters.
You don’t understand how we stop living under the whims of a broken system.
Enlighten me.
You are lost and you have no idea what matters.
No really, educate me.
I understand people are suffering because there are always enough votes against workers.
I understand people are suffering because there are always enough votes against workers.
This is true. But is this where your understand of the American political system begins and ends?
Economics shenaniganery means that just raising the minimum wage will likely just raise prices.
The state apparatus should probably regulate the prices too, and improve the public housing projects.
US has the cheapest houses in the world, the fuck are you taking about?
You guys are atleast at the “both sides”. My people are fully convinced(brain washed) that far right is the only way.
“Both sides” is a position taken only by edgy idiots who are too lazy to do an iota of research.
“Both sides” is a strawman argument employed by people who like the status quo against people who are discontent with same.
And nothing else.
if you want affordable housing we need to de-commodify it and get the investors out. no more airbnb, no more one investor group owning 10s of thousands of single family homes. Dumping regular people’s money into this system, even if we give them a bunch extra, is only gonna drive prices even further up. The necessities of living are not speculation opportunities for the ultra rich.
This is the correct answer. If minimum wages go up, the price of everything you buy with those wages increases as well, including housing. There’s artificial scarcity in housing right now because of investment firms and property management firms.
wages drive inflation but it’s not 1:1 and it does tend to benefit low earners.
Right, I hate when people ask me if I want to buy a house to invest or to live.
Bitch, I can barely afford one and if I could buy multiple, I wouldn’t because I’m not a piece of shit.
hard same. I’m just tryna actually have something at the end of a lifetime of paying hundreds of thousands of dollars just for the privilege of remaining alive. But the people who already have most of everything are like “Why shouldn’t I have all of this guy’s money and the house?” Swear to God we’ll only have to eat one of them and the rest will fall right back in line.
No more AirBNB for entire properties… If you need to rent out a room a few nights a week to get by it shouldn’t be a problem banning those does a disservice to people who want to take a vacation without be thousands of dollars in the red, and for home owners and renters strapped for cash. Plus it would give hotels clear monopoly status, and reduce choices for basic accommodations for travelers.
if you want affordable housing we need to de-commodify it
How would you implement that?
A combination of taxes to the point it’s slightly less lucrative than other forms of investing.
We need to remove mortgage backed securities as well housing shouldn’t be part of a portfolio… I am really hating how properties in in demand areas is allowed to sit and decay. There are many properties in Manhattan that have done nothing for decades. There also needs to be fewer regulations with regard to what can be done with them. I really wouldn’t mind a decent Japanese style pod hotel if the price was like $10. An old office building would do well for that.
Mortgage backed securities are a huge part of the mortgage market. Without them it would be more difficult to get a mortgage as there would be less liquidity in the market. The low rates caused a problem though, because investors sought better returns than 1-2% and bought real estate directly.
I always find it strange when people call for more government intervention to fix problems that government intervention created.
I find it strange people find Thatcherisms to be witty.
Government isn’t a monolith, nor are the parties that run it.
Government isn’t a monolith, nor are the parties that run it.
Indeed, big government is a behemoth where one hand doesn’t know what the other does and it doesn’t think past the next election cycle. Do you think that replacing parts of the brain can change anything about that?
If we’re using the brain as a metaphor, I would say don’t listen to the voices that are telling you that having a brain is the problem.
Sprinkle in some Gay Communism in the form of public housing.
I’m not sure housing is even a commodity currently. Commodities tend to be interchangeable and generally are affordable or low margin. None of those is true with housing currently.
You’re kind of right, but housing is definitely used as an investment vehicle for rent seekers nowadays.
Investment and commodity are different things. You can invest in commodities, but it’s different than investments in the stock market.
Repugs want nothing less than slavery
Always have. And yet morons who didn’t pay attention in class talk about the party of Lincoln
They proclaim “party of Lincoln” while waving a Confederate flag without a shred of irony or self awareness.
