[quote]pittbulll wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
now what the hell are you bitching about?
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Your assertion was that the wealthy got that way by under paying employees.
I pointed out that I could provide countless number of examples of wealthy people with well paid employees. (Any law firm or CPA firm for example. Costco.)
To which your response was some non-sense about the job market as a whole, which is irrelevant to the assertion you made, nor my response. [/quote]
it was not an assertion , it was a statement , I said , basically âthat those wealthy have become that way on the back of cheap laborâ , and then you told me basically " you have friends that have created plenty of high paying jobs" and I said " yaeh that is Americaâs problem , too many high paying jobs " then you accused me of changing subjects , eye roll
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letâs match job for job of jobs created that pay extremely well and those that exploit cheap labor , and letâs bet who runs out of jobs first
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I think youâre looking at all wrong and are failing to consider the alternative. Youâre placing a predetermined notion on what is a good job vs. a bad job but not considering that both are far superior to the alternative which is no job. Not to mention, after necessary expenditures, personal choice comes into play more so than anything else regarding standard of living. I think this is the inherent flaw in a lot of your arguments.
This task of counting âhigh paying jobsâ vs " low paying jobs" is based on a nominal amount and not purchasing power associated with the different price levels of goods in different areas where one might find either a âhigh paying jobâ vs a âlow paying jobâ as well. Itâs a pretty futile exercise basically because thatâs not how money works. You have to adjust for parity across the spectrum or else youâre just pissing in the wind. For instance, I live in a part of Massachusetts where a 2000sq ft home costs around $330,000. If I travel closer to Boston, that same homeâs market value will increase by AT LEAST 25%. And thatâs a low estimate tbh. But if I were to take that same home, and put it in Winston-Salem, NC, itâd probably have a market value of 25% less.
So again, low paying jobs vs high paying jobs is futile and irrelevant BECAUSE of how markets works and how money works. Something I think youâre overlooking. I think youâre applying a nominal wage to how it would equate to your immediate area. Youâre applying that wage to the prices of goods in your area, and probably to the stores whose prices youâre familiar with. This is one of the inherent flaws and inconsistencies with how the PPI and CPI are calculated as it doesnât account for substitution effect of alternative goods.