[quote]pittbulll wrote:
Zap Branigan wrote:
pittbulll wrote:
I have a theory, that inflation is why Real estate is beyond the reach of the average person, and Inflation is why the stock market is over 14,000. And why gas cost almost $3.00 a gallon. The only factor that has not caught on is a substantial wage increase.
It is also part of my theory that the real-estate market will never recover unless prices drop on Real estate or wages increase. Also part of my theory is that wages will never increase unless we get rid of all illegal workers that are driving wages down. Input please
I think real estate is so expensive because the average house is twice as big as an average house 20 years ago.
Real wages and buying power are tough to increase unless productivity increases.
When our Government needs money, they print it. Big business realizes this fact, and increases their price to match inflation. But with no organized labor and with a steady supply of people willing to work for cheaper wages than most Americans are willing to. The cost of labor in Landscaping, Construction and hospitality has gone down. And I believe that is just the tip of the Ice berg.
I think when the cost of living goes up, wages have to reflect that. If it does not it will be out of balance
[/quote]
I think cheap imports as well as cheap labor lower wages but they also increase purchasing power. A huge flood of either can screw things up temporarily and especially locally in the case of cheap labor. I’ll bet that is happening in your area.
[quote]Zap Branigan wrote:
pittbulll wrote:
Zap Branigan wrote:
pittbulll wrote:
I have a theory, that inflation is why Real estate is beyond the reach of the average person, and Inflation is why the stock market is over 14,000. And why gas cost almost $3.00 a gallon. The only factor that has not caught on is a substantial wage increase.
It is also part of my theory that the real-estate market will never recover unless prices drop on Real estate or wages increase. Also part of my theory is that wages will never increase unless we get rid of all illegal workers that are driving wages down. Input please
I think real estate is so expensive because the average house is twice as big as an average house 20 years ago.
Real wages and buying power are tough to increase unless productivity increases.
When our Government needs money, they print it. Big business realizes this fact, and increases their price to match inflation. But with no organized labor and with a steady supply of people willing to work for cheaper wages than most Americans are willing to. The cost of labor in Landscaping, Construction and hospitality has gone down. And I believe that is just the tip of the Ice berg.
I think when the cost of living goes up, wages have to reflect that. If it does not it will be out of balance
I think cheap imports as well as cheap labor lower wages but they also increase purchasing power. A huge flood of either can screw things up temporarily and especially locally in the case of cheap labor. I’ll bet that is happening in your area.[/quote]
I think cheap labor has a worse effect because the people benefiting the most are the big corporations because there is so much competition for their menial paying jobs. I feel we need better controls on our imports especially concerning safety
[quote]Zap Branigan wrote:
pittbulll wrote:
Zap Branigan wrote:
pittbulll wrote:
I have a theory, that inflation is why Real estate is beyond the reach of the average person, and Inflation is why the stock market is over 14,000. And why gas cost almost $3.00 a gallon. The only factor that has not caught on is a substantial wage increase.
It is also part of my theory that the real-estate market will never recover unless prices drop on Real estate or wages increase. Also part of my theory is that wages will never increase unless we get rid of all illegal workers that are driving wages down. Input please
I think real estate is so expensive because the average house is twice as big as an average house 20 years ago.
Real wages and buying power are tough to increase unless productivity increases.
When our Government needs money, they print it. Big business realizes this fact, and increases their price to match inflation. But with no organized labor and with a steady supply of people willing to work for cheaper wages than most Americans are willing to. The cost of labor in Landscaping, Construction and hospitality has gone down. And I believe that is just the tip of the Ice berg.
I think when the cost of living goes up, wages have to reflect that. If it does not it will be out of balance
I think cheap imports as well as cheap labor lower wages but they also increase purchasing power. A huge flood of either can screw things up temporarily and especially locally in the case of cheap labor. I’ll bet that is happening in your area.[/quote]
I was in Ohio for the beginning of the summer doing a job. All the jobs paid Max of $9.00 an hour because the Mexicans were doing the jobs that were the least desirable for minimum wage. Where if they had to pay a good wage to get those undesirable jobs done all the other employers would have to compete for the work force. All I am saying is the pendulum has swung too far for the advantage of the wealthy. I feel there has to be a resurgence of the working class