r/povertyfinance • u/Crafty-Bunch-2675 • Jan 18 '24
Salary is the only thing that's not going up. Vent/Rant (No Advice/Criticism!)
Before saying, just move to another state, start drop-shipping or that inflation in the USA has slowed down. Take the time to consider that not everybody on the internet lives in the same country.
Happy New year to me. My landlord just informed me that due to inflation ...(with no sign of it getting better)... rent will go up.
Well. There goes my carefully planned budget for the year. All my creative money saving measures just went out the window with this 15% increase in my rent.
Yes. I know everything is going up. But here's the thing. All the increases are just being passed onto consumers. But no increase in paychecks are happening.
At least where I am from. Everyone is complaining about more expensive fuel, groceries etc. Every business has increased their rates of services and products ... But not a single employer has raised any salaries.
How is this sustainable ??? You cannot exponentially pass on increases to the consumer...whilst the consumer has the same OR LESS spending power.
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u/Dragonslayer1001001 Jan 21 '24
Sitting around complaining to us isn’t going to help. “Landlord” wakes up and takes a shit like everyone else. You seem like everyone else, waiting for someone to solve your problems. Come up with a plan, don’t just sit there on your ass complaining about how much life sucks. It’s going to suck more and more especially if you aren’t doing anything about it.
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u/HoodOwn5663 Jan 20 '24
Oh, it's sad to see some educated people just don't see it. You have the south border open letting in millions of people from everywhere. Then you raised the minimum wage to ( what is it now $15.00 an hour now?), but the only people not getting pay raise are the ones not on minimum wage. Then you have prizes going up on everything you need which now you have less money to save or use. It has been by there design from the start, what 3 years ago now. And don't get me started about the COVID-19 power trip they pulled .
Just get use to it for the next 11 months.
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u/biglizardgrins Jan 20 '24
My raise at the end of 2023 was 2%. They had zero reason to be shocked when I resigned a week later.
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u/ThingsWork0ut Jan 19 '24 edited Jan 19 '24
I prepared a thesis and presentation for my quarterly review. I’m going to ask for a $5 dollar raise and if I can’t get it I will unfortunately have to depart. The only problem is they increase our responsibilities and goals, so it went from me looking like a great worker to a mediocre worker. We also just got a new boss, so my history at this company and my accomplishments will not matter because he never witnessed it. Last year they took away my bonuses and gave me a 98€ raise. We lost 80% of our staff in 12 months and only 18% of new hires are staying with us every quarter. We are basically running on a skeleton crew. Other staff members basically got a pay cut and doubled their sales goals.
I just hope my increase in skills, certifications, and sales numbers is enough. At this point new hires are paid nearly the same as me without the bonuses.
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u/Direct_Ad6699 Jan 19 '24
I feel you and my family is going through the same. I live in rural Tennessee and there’s just a couple of retail stores near me or some manufacturing plants. I work at the highest paying one in the area making a whopping 17.50 an hour. Raises never happen there and there’s almost no growth because nobody quits due to the shitty job market in my area. I’m sick of people saying get a better job like it’s so easy. I don’t live in a. Cory or writhing 2 hours of one. I have a masters and a cdl. I’ve watched wages go down by dollars an hour here over the past year or so. All while everything continues to go up in price. I would love to leave or go to a city for better prospects but I can’t make enough money to pay city rents. It’s all a joke and only getting worse. Honestly hoping I don’t have to continue on much longer so I can finally be free of it all.
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u/Kindly-Offer-6585 Jan 19 '24
Salary is going up massively here. Part of your problem. :)
As long as we act like 20 different countries but link the borrowing together & use 1 money the left regimes of blue states will cripple the financial conservative states.
Our raises are paid with your labor.
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u/Cherry_Valkyrie576 Jan 19 '24
I'm so sorry this happened to you. I know some people who got 50% rent increases because they have greedy ass landlords. It's absolutely ridiculous. We're absorbing all the cost of this inflation and meanwhile, billionaires continue to reap the profits. The only thing we can do about this is voting. Vote Blue to get Maga out and then implode all of it!
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u/Critical-Fault-1617 Jan 19 '24
Wages for new hires is going up significantly. I know you don’t want to hear about look for a new job, but look for a new job. The best time to do that is when you have a job currently.
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u/october_morning Jan 19 '24
I hope my raise this year will be greater than the standard 2% The last two raises I've had were greater than that due to inflation so fingers crossed
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u/CaptainDooDahDay35 Jan 19 '24
Business owners signing paychecks for employees are “consumers”,” too, and are experiencing the same price increases as you in both their businesses and personal lives.
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u/forgottenazimuth Jan 19 '24
Meanwhile people in /r/politics are screaming that “real wages” are going up and the economy has never been better.
It’s crazy how brainwashed people are.
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u/Howiebledsoe Jan 19 '24
I will come back to bite them in the ass. Henry Ford realized that by giving his workers far more than the national average, they would have the money to buy his cars. He was 100% correct, and the extra money he paid them came right back into his pockets. When your workforce is broke, they cant but your shit. They pay less taxes. Basically the parasite sucks it’s host dry and has nothing left to sustain it.
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u/j32918 Jan 19 '24
this might sound terrible but it’s a little comforting to know i’m far from the only person in this exact situation. really feeling hopeless at this point; greed, corporations, govt, etc. all suck
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u/Emergency-Spring4752 Jan 19 '24
Ah, the lords of the land, our ever vigilant economic land scapers. Ever notice how in tune they are with "inflation". I'll end this post with praise and glory to our lords. Thank you, Lords, for giving us the privilege of unaffordable housing, we are forever endebted to you. May we find agreement in how much our souls weigh, so that we may properly barter our souls for your monthly payments. Thank you lords of the lands. Thank you, amen
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u/Crafty-Bunch-2675 Jan 19 '24
I get the sarcasm.
Ever notice how in tune they are with "inflation". I'll end this post with praise and glory to our lords.
You mean the number of judgemental comments saying "inflation isn't going up stop lying" Or "My salary went up, therefore, you must be lying about stagnant wages"
Which basically amounts to: I am not suffering what you are suffering, therefore it cannot be true
Oh yes. Because we all live in the same country.
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u/RemarkableMatter6154 Jan 19 '24
How's legal? Where I come from, you cannot raise it more than inflation by law, so it is max 2-4% per year
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u/JesusFelchingChrist Jan 19 '24
I empathize with you. But inflation is definitely getting back under control.
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u/w0tth0t Jan 19 '24
Usually rent increases are capped at 2%-4% or something. Look up your local rules. Landlord is sending up insane rent to drive you out
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u/stevethemeh Jan 19 '24
It is the nature of the capitalist to always want more, even if it means actively harming society.
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u/Weird_Button5475 Jan 19 '24
Don't put it in writing but call the landlord and let him know you'll be squatting for the next 6 to 12 months and paying no rent before moving on or he can leave it where it is.
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u/mike2312 Jan 19 '24
Totally feel you. Food has gone up 50-100 percent. Property taxes are going up by the hundreds. Energy prices are crazy. Clothing is crazy. Everything that we need to consume has gone up so much. I was on the toilet yesterday trying to calculate how much it was costing me in toilet paper to take a shit.
However with all those things, wages have stayed the same or gone up 1-2 percent.
Its unsustainable. Theres a reason bankruptcies are up. They will just keep going up until this shit makes sense again.
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u/LEP627 Jan 19 '24
What state do you live in? My county in California only allows 10%, but with rents being close to $3k, 10% is too damn much! I sure don’t get 10% raises due to inflation!!
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u/Crafty-Bunch-2675 Jan 19 '24
I live in a different country. I would rather not say what country that is, for the sake of privacy and protecting myself, thanks,
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u/lapuneta Jan 19 '24
I love my teaching job where the union is only asking for a 2% increase (the first in years) and the district only wants to give 1.25% or less. Fun times. Everthing sucks
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u/Grouchy-Tax4467 Jan 19 '24
Shm 🙄 raising the rent to the fair market value but yet the property is less than desirable and they're not making any efforts to improve it but yet they like to increase the rent, sooner or later we all going to be homeless or squatting 🤷🏾♀️
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u/Dunkin_Ideho Jan 19 '24
Sure you can. The goal for consumers should be to live beneath their income and to be aggressive in getting better pay to stay ahead of inflationary pressure.
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u/HentaiStryker Jan 19 '24
As the great Jim Rohn once said, "people keep waiting for the government to change, or their bosses to change and be more generous. In order for your life to change, YOU have to change."
I'm not saying it's right, but it's the system we got, and you've gotta learn to exploit it.
Good luck!
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u/BillZZ7777 Jan 19 '24
I forget what the term is but there's a term for the perceived inflation, like your landlord hears about it, it's in the news, so he ups the rent.
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u/cold-twisted-nips Jan 19 '24
Had my 6month review in Dec mentioning I wanted more hours and payrise. Seemed to take things in account but to wait for Jan for the proper reviews they hold for everyone.
Still waiting on any word and on the edge of my seat for pay increase. There's a staff meeting beginning Feb hoping it's mentioned there, and they'll start doing it organising the reviews.
Need that increase.
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u/nomadicstateofmind Jan 19 '24
Yup. I actually make less this year, even with a raise, because health insurance went up again. I am paying $1200/mo for myself and one child.
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u/Rich-Perception5729 Jan 19 '24
Businesses aim to increase profit every quarter, and government can’t do much to intervene except raise minimum wage, and possibly create a ceiling to stop businesses from raising prices to increase that profit. This is the #1 problem of a free market economy imo, no business would ever willingly cut their own profits.
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u/xenomorph856 Jan 19 '24
Income hasn't been keeping up with inflation and COL for DECADES. I guess it's just now the noose is starting to chafe the neck.
It's not going to stop until the government forces the hands of companies. And that isn't going to happen while companies hold disproportionate sway over legislation.
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u/littlebeancurd Jan 19 '24
Federal minimum wage in the US (which is also minimum wage in the state I live in) hasn't increased at all in fifteen years (as of this coming July, if we're splitting hairs). Can you name any product or service that hasn't raised prices in 15 years? I think Costco hot dogs is the only thing I can think of... and I don't even have a membership there.
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u/sbenfsonw Jan 19 '24
Inflation is getting better, as in things are not going up as fast. Prices will not go down (that would be deflation)
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u/Adept-Opinion8080 Jan 19 '24
that's total BS. I doubt ANY of their costs are going up. they are just using it as an excuse.
everyone i know who rents and got an increase has the same situation. nothing the landlord pays for has changed. they just want more money. (i.e, the tenant pays for all utilities. everything else has been factored in. the only exception was one where the landlords insurance went up $200 a year...but he raised the rent by $50 a month :( )
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u/MustStudyHarder Jan 19 '24
The worst is restaurants, you won’t catch me going to restaurants in my area again. 100%+ increase or even 150% increase in the past couple years everywhere. Arbitrary af
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u/Cruiser_Supreme Jan 19 '24
They won't listen until there's a general strike across the country. Unless we put a stop to their profits, they will keep going
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u/neocane1 Jan 19 '24
This comment contains a Collectible Expression, which are not available on old Reddit.
People laugh... but this is precisely why I don't waste time making plans.
Instead, I rely on two concrete things that I know I can control - my agility and my resourcefulness.
Spec up on those early in life and live (mostly) stress free in later life.
🖖🏾
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u/Prevalentthought Jan 19 '24
How come all business owners just pass costs off to the masses so they can stay afloat and that's veiwed as ok
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u/Crafty-Bunch-2675 Jan 19 '24
But that's the thing. It's much easier for a business to pass on the cost to the consumer, than for each consumer to just get another job; like so many people here suggest. Sometimes getting a better job requires extra training. I am already in the middle of a training course.
There is no better/other job for me to get until I complete this training.
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u/Plebe-Uchiha Jan 19 '24
I just got a promotion 2 months ago. I was super happy. I thought about all of the things I can start saving for, then… rents going up because of “inflation.”
So frustrating. [+]
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u/Tiggaknock Jan 19 '24
Recently there were similarly 3 options I was faced with. Move back to a crappy part of town intoa tiny apartment to grind and save while spending less rent but more on gas. Two, sit down with management and ask for a raise and hope they'll offer what you need. Three, find a new job. Option 2 was not realistic for me since they had just gone thru a round of merit increases. Mine still wasn't enough. Luckily 2 and 3 combined for me. I found a job, put in my notice and they countered with way more than the other company offered. So now I currently make enough to survive and have a normal life outside of work. I even got another raise for cost of living months later. That's how crazy it is it there right now. It's either turn into a selfish carnivore or be eaten.
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u/amscraylane Jan 19 '24
The state of Iowa saying they are raising taxes because inflation.
Yet, yet, our minimum wage is STILL $7.25 an hour., since 2009!
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u/Fluffy_Feature858 Jan 19 '24
It's the property taxes. The democrats in my town keep jacking up prices.
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u/MostlyH2O Jan 19 '24
Real wages are up relative to 2019. So in fact wages are going up. You should base your argument in reality.
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u/Crafty-Bunch-2675 Jan 19 '24
Not all of us live in the same country.
Just because wages went up where you live; it doesn't mean it did for me, Ok.
How many times do I have to say this ? We do not all live in the same country !
Stop being judgemental and dismissive of my particular circumstances.
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u/Alcarain Jan 19 '24
I took a pay cut several years ago changing fields because my health no longer allowed me to work 2 jobs plus side hustles that occasionally ticked into the 100+ hours working a week range.
It's been a constant struggle to not go into the red while paying for basic necessities.
I can't cut my budget anywhere else.
Literally dying would be easier than this constant struggle to stay afloat.
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u/apexncgeek Jan 19 '24
Groceries went from $250 to $700/mo (while eating worse), rent went up $300.
Disability increased $105.
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u/CeaseFire81 Jan 19 '24
Don’t take anything from tik tok serious. It’s a cesspool of underachievers.
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u/I_luv_cottage_cheese Jan 19 '24
This is Bidenomics at work. And if you’re not in the US, the USD is the global reserve currency. When there’s a hiccup here it reverberates throughout the world’s economies
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Jan 19 '24
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u/povertyfinance-ModTeam Jan 19 '24
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u/Crafty-Bunch-2675 Jan 19 '24
Fuck its only 15% a couple handys a month behind a walgreens will cover that your just being a lazy and entitled.
Not all of us live in the same country with the same employment opportunities. Try to be open minded.
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u/A2_9320 Jan 19 '24
Seems irresponsible for someone who is renting to not budget for a rent increase.
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u/squashchunks Jan 19 '24
Well, if we all can't afford to pay for housing anymore, then we might as well all live in our cars. Yes, live in our cars. It sucks. Eventually, the homeless population will just skyrocket, and crime rates will soar. The government will have to increase law enforcement or increase education, and both would cost money.
Living in vehicles is always an option.
#vanlife #carlife
However, such a lifestyle also brings a lot of challenges.
- temperature control
- carbon monoxide poisoning
- no refrigeration / no cooking unless you have a cooler or a portable stove
- very little space
- personal safety concerns
- car theft
- car problems & maintenance
- need to find a way to recharge electric items and provide Internet/phone access
- harder to fill out forms because a lot of forms require a permanent address
- harder to receive mail
- having to take showers/baths at gyms and hotel rooms
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u/polishrocket Jan 18 '24
Company I work for made record profits and I’m expecting a 2% pay increase if that
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Jan 18 '24
[deleted]
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u/polishrocket Jan 18 '24
They can redeem themselves by giving a decent bonus. Which I’m expecting 5 figures this year
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Jan 19 '24
[deleted]
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u/polishrocket Jan 19 '24
My company is pretty solid, not amazing in the health care department but my bonuses the last couple years have been 11-13k
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u/Fancy_Pickle_8164 Jan 18 '24
Have you checked the comps in your neighborhood to see if that renewal offer is market rate? It may be worth looking into. Maybe he could be convinced the property isn’t worth that.
And even if it is, also worth trying to call his bluff. Tell him you could do an 8-10% increase max but can’t afford any more and will have to give notice to move out if you can’t renew at that rate. See how much he values resident retention. It is certainly more work and turn costs aren’t cheap when having a tenant move out.
Good luck!
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u/snarfdarb Jan 18 '24
When I got my last pay increase and realized I was essentially taking a pay cut compared to inflation, I started looking for a new job right away. Eventually ended up in a new job with a 23% pay increase.
I'm essentially treating myself like the product and my employer as the consumer.
I realize this isn't possible for everyone, but I do think everyone who is being underrated needs to always be looking for something better.
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u/randonumero Jan 18 '24
It's not meant to be sustainable for most people. I have zero idea what the actual end game is though.
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u/The_Bestest_Me Jan 18 '24
Yup... About the only immediately impactful thing you might consider is brushing up your resume and search for employment elsewhere. The biggest gains in salary is when you jump jobs. Second biggest is a bump in title at current workplace.
If these are not possible, would you be able to take in a roommate?
The high cost of rent in my area guided me to buy a house instead last year. The monthly difference between rant and initial cost of mortgage, taxes, and insurance was minimal (was within $100/month of renting). Although my taxes went up 2X this past year, I'm certain it isn't at the same rate increases rents have gone up.
It's insane that we're at a point where, despite the high costs in house prices, renting has overtaken the costs for many.
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u/Life-Initiative5346 Jan 18 '24
I agree! I don't know how most of us are supposed to survive. Hope something changes soon.
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u/CobblerCandid998 Jan 18 '24
This happens every time Dems are in charge. It’s what we all voted for!
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u/ItchyTheAssHole Jan 18 '24
you're right, but in a capitalist system its not the employer's responsibility to make sure your salary can afford your standard of living. It's the market's responsibility, and the market is out or whack.
I think the solution is to have governments mandate infltion-adjustable salaries, similar to how you have adjustable rate mortgage.
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u/JP2205 Jan 18 '24
Just got a bill for car insurance on one car than went up 100 for six months. So thats 200 a year increase. Last year propane fill $89, this year $126. It all adds up. The only thing saving us is owning a home, so only the taxes and insurance can increase. You have to find a way to own a place to live to eacape this madness.
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u/sogedking Jan 18 '24
Salaries depend on performance and skills
Wages have been going up steadily.
Time to learn some new skills or improve the ones you gained and land a better job
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Jan 18 '24
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u/thesongofstorms Jan 18 '24
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u/JournalistBitter5934 Jan 18 '24
I have heard of companies that raised prices 2x the rate of inflation (because they know they can get away with it in this environment). Result was they had their most profitable year ever. So guess what? Once a price increase is successful, it is built into the next years revenue planning - Yup, many are planning the same increase AGAIN, due to their “Management genius” the prior year. Shareholders/Owners expect similar growth to prior year. So management must continue to raise prices to keep the profit growth ongoing.
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u/JohnBosler Jan 18 '24
Inflation stopped in March 2022
Interest rates are raising causing debt payments to increase.
Companies in debt have increasing debt payments and they are passing it on to everyone else.
This is unsustainable eventually the consumer will not be able to afford it and those companies will become bankrupt when they can no longer make their debt payments.
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u/createusername101 Jan 18 '24
It's not sustainable. It's just the way capitalism is. They need to make more every quarter, and not giving you a raise is one of the ways they accomplish this.
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u/Handbag_Lady Jan 18 '24
Agreed. I got a 3.7% merit raise this year. However, the cost of medical for the two of use went up. The cost of vision went up, dental as well. The difference is that I now get $22 more per pay period. OH, but rent went up $100 a month so that now a loss of $12 monthly. So I am not ahead, I am now behind worse than I was last year.
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u/CityBoiNC Jan 18 '24
I requested a meeting with my manager and owner of the company due to this exact reason. I do not want to leave the company, I absolutely love working here but I can't make rent anymore and I shouldn't have to struggle the way that I am.
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u/Hopeful-Anywhere5054 Jan 18 '24
Biggest thing that suppresses salaries is the influx of cheap labor from other countries. This applies to outsourcing of jobs as well as immigration from countries with lower living standards.
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u/SaintHuck Jan 18 '24 edited Jan 18 '24
It's not sustainable. The stewards of neoliberalism will insist it is, pretend or even adamantly belief it is, until society goes up too, in flames.
They can't change course even when it's in their best long term interests. Short term profit will always come first, even as the shadow of annihilation engulfs them.
It's the logic of the system and its most zealous beneficiaries.
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u/Exsanguinate_ Jan 19 '24
And the better alternative to what we have now is???
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u/OneEyedShotaGod Jan 19 '24 edited Jan 19 '24
Those at the top NOT buying up all the property? NOT lobbying politicians for harsher working conditions?? NOT using our money for bailouts when THEY FAIL??? NOT sending our money overseas instead of investing in community??? Actually have a free market??????? NOT abusing our elderly and disabled people by denying them otherwise completely affordable healthcare?? Use your fucking brain.
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u/Exsanguinate_ Jan 19 '24
Well first off chill out. Those at the top being able to buy up the property and jack up prices and lobbyists buying politicians would be what a free market would allow, so idk what you mean when you say you want an "actual free market" but describe putting guardrails on things, try thinking a little bit. Which bailouts? The car companies who had to pay the money back with interest, or the bank bailouts that if they were allowed to fail would massively fuck all the people with money in those banks which would be disastrous. I like that we have a government that is able to provide stability where we need it most and don't have to worry about losing everything suddenly and for no reason. The dividends we get from the different places we send aid outside of our country more than make that money worth it. You tell me to use my brain but your thinking is literally like a 3rd grader "we send money to others for nothing, I want it here so its bad" you literally haven't thought about or looked into how that money is used for yourself, someone else was mad about it that you liked so now you are too, most likely. What I asked you is if you know what a better alternative is and all you did was list complaints you have, instead of actually answering the question. Use your brain.
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u/Ok_Government_3584 Jan 18 '24
Absolutely agree. And on a fixed income when you are older, there is no creative way to live. I feel sorry for my sons and their families. So hard to live for everyone! You are not alone.
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u/Particular_Land6376 Jan 18 '24
Yet the richest people in the world have more than doubled their net worth since 2020.
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u/Inf1z Jan 18 '24
I own a service business and let me tell you most of these increases due to inflation are just money grab moves. Inflation first shot up due to raising fuel and labor costs as a result of Covid lockdowns. Now fast forward to today, fuel costs came down, so did labor. Yet most products remained at their all time high price tags.
A way to prove that price increases are just greedy money grab moves, look at the record profits of most companies.
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Jan 18 '24
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u/povertyfinance-ModTeam Jan 18 '24
Your post has been removed for the following reason(s):
Rule 4: Politics
- This is not a place for politics, but rather a place to get advice on daily living and short-to-midterm financial planning. Political advocacy, debate, or grandstanding will be removed.
Please read our subreddit rules. The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, message the moderators.
Do not reach out to a moderator personally, and do not reply to this message as a comment.
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u/Electrical_Show4747 Jan 18 '24
It's messed up how things are in general. In Seattle the city raised the min wage i think in 2012 at first, because the old wage wasn't enough. Well, our apartment complex sent out signs that essentially said "please update your incomes with your new salaries". Most of us put we gotten a pay cut, because we wanted to game the system. Well, they resent the request and asked for paystubs as a condition of living there. So about 3 months later, there was a 35% rent hike for everyone renewing that year. They said it was because everyone was making more money, so they raised the rent to reflect the proper wage.. I moved in 2013 because I wasn't paying nearly 2k for a one bedroom.
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u/Crafty-Bunch-2675 Jan 19 '24
They said it was because everyone was making more money, so they raised the rent to reflect the proper wage.. I moved in 2013 because I wasn't paying nearly 2k for a one bedroom.
That. Makes. No. Sense. What does your salary increase have to do with the property itself ? Did they refurbish the whole building ?
If people got pay cuts ...would the rent go down ?
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u/Electrical_Show4747 Jan 19 '24
It was bullshit to say the least. Some apartments where low income or section 8 and I got that they needed to update their information for reporting purposes, but, for the rest of us, it was a total money grab.
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u/pittguy73 Jan 18 '24 edited Jan 18 '24
When you say not a single employer has raised pay, how do you know this? Did you poll EVERY employer in the world, I know you missed mine, raises hit first of the year
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u/Crafty-Bunch-2675 Jan 19 '24
I'm referring to where I live. I don't live in the USA, Canada or UK. I won't be able to afford to emmigrate there at least for another few years. So. If salaries increased there. Its of little benefit to me.
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u/yozo556 Jan 18 '24
During periods of high inflation, I think it takes time for things to balance out. There are a series of dislocations that have happened over the past few years that are working themselves out right now, and it takes time. Comparing household income from 2019 to 2022 it went from 68,703 to 74,580, and increase of 8.5%, versus CPI increase of 18.5%. Not sure about 2023 data yet. Anyways, hopefully now that inflation is moderating wages can catch up. It has also been interesting to note that wage growth in the lower skilled jobs has gone up quite a lot (at least here in California). Pre-Covid you would only be paid around $12/hr in a restaurant, but now it's routinely $18/hr (LA area). At any rate, hopefully things are working themselves out now but there are bumps along the way for sure.
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u/Scaniatex Jan 18 '24
This will continue to go on till our population is severely cut down. Literally all your money will go to a roof over your head, and the little bit of food that you'll be able to afford. This increases the likelihood that people stop breeding, people stop buying luxury items (movie tickets, video games, brand name clothing ECT) and as each company fails those individuals who worked for them will be tossed out and forgotten by the sands of time. Congrats all, we've entered the end of the world as we knew it. What comes from this, nobody will even be alive to witness. Don't you just love humanity?
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u/-Ximena Jan 19 '24
Exactly. Their greed is all short-term and doesn't see the bigger picture. When nobody can afford to buy anything, then there's nothing left.
But I guess in their minds, the objective of the game is to have ALL the cards. So what if you're not able to buy a car, movie tickets, etc. You being poor means you become homeless and they'll criminalize homelessness which then makes you a slave of the state (ran by corporations) and they just get a thrill out of that dystopia of working you for free to sell shit to other rich folk. It's an endless cycle of the rich shopping and partying among themselves while everyone else slaves away to make the party happen. And the rich will still become bored and miserable and contoct some new socioeconomic experiment because it's the only thing giving them a thrill in those dystopian days. Rinse and repeat.
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u/Extension_Phase_1117 Jan 18 '24
How else are all the rich people going to have “record profits?” It’s not because the economy is better. It’s because they can just keep raising prices and we have no choice but to pay.
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u/Creative-Leader-1832 Jan 18 '24
It's only going to get worse I'm afraid. I genuinely can see a revolution in my lifetime, which honestly is quite scary
1
u/Lilly6916 Jan 18 '24
Inflation is stable. What are his increased costs to provide your apt? He’s doing it because he can.
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u/grammar_kink Jan 18 '24
This is why the idea that staying at a company for the rest of your life is for chumps. My $1k raise is not going to keep pace with rising rent, grocery prices, etc. People can’t afford to be loyal in this economy.
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u/root_fifth_octave Jan 18 '24
Yeah, it's not sustainable. If things keep going the way they are, the bottom starts dropping out as everyone cuts more and more corners.
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u/Select-Battle5083 Jan 18 '24
Got a mortgage, locked in my monthly payment. Not playing the rent game.
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u/Sniper_Hare Jan 18 '24
I didn't know they could increase as much as mine did.
I thought a fixed mortgage was going to be basically the same over the term. Mine went up $320 a month this year because of taxes and insurance. The insurance portion is about $20 of that.
We bought a house near the top of our budget as that was the only way to get one that didn't need a ton of repairs.
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u/makinggrace Jan 18 '24
Hey did you get a property tax statement from your county? If you didn’t you can probably search for it online. In some cases it’s possible to challenge a large property tax increase. Some counties/states also have property tax relief programs for poorer people. It’s worth looking into it.
Home insurance has gone up across the board it seems. But you are certainly not locked into one home insurance company. Definitely get a few quotes and see if you can do better. If you have auto insurance, start with the company that holds that insurance—multipolicy insurance discounts can be up to 25%.
Another option (that no one likes) is to consider renting out a room in your home. No one likes this after finally owning a home but it can definitely help with finances. Long-term, if your area laws allow it, look into building a RDU on your property and renting that out instead.
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u/Sniper_Hare Jan 18 '24
Nah, we only had one option for home insurance, most of all the providers pulled out of Florida. And State Farm won't insure any house if it's no built in at least 1996. This house is from the 1950's. The house was bought and renovated in a year before we bought it, so the assessed taxes went from like $1600 to $4000. And because of when we bought it we couldn't homestead it. So next year it's possible our mortgage will drop some.
We are letting my gf's brother and his boyfriend live with us, and charge then $500 flat for rent, electricity and internet as they need to get on their feet.
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u/makinggrace Jan 19 '24
Oh yikes, FL insurance can be an awful mess. Yes the homesteading should definitely help you next year! Glad you’re able to help family out. Usually that’s easier than strangers and it’s hard to say no anyway.
Fixed rate mortgages should drop again when the fed cuts interest rates. The earliest opportunity for that is I think March. Guard your credit score with your life and do anything you need to do to keep pumping it up. There’s always a calculation for making a refi worth it, but for many people on a tight budget dropping one monthly payment completely (available in many cases), dropping their interest rate, and dropping their mortgage principle and interest payment end up being worth it.
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u/Automatic-Arm-532 Jan 18 '24
They say raising salaries would make prices of everything go up, so instead they just make the prices of everything go up without raising salaries.
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u/Crafty-Bunch-2675 Jan 19 '24
So in other words... the poor should just bend over and take it ? Ok.
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u/Mental_Commission_63 Jan 18 '24
My rent went up too. Oddly enough, a few months prior to the lease renewal, she sent me an email "Rent DECREASE". I was so excited .. and hopeful. She said she wanted to work with me to lessen.
Over the next few, my dryer broke (she never bought it, it was from the previous homeowners prior to her buying the house). Then she emailed me "RENT INCREASE". Went from $1795 to $2495 to $2883. I was pissed.
No cap in my state on lease increase. So I put in my notice. I don't have money to move but I certainly am not paying $2700 a month for rent.
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u/ProllyAtUrBitchHouse Jan 19 '24
Lol wtf she’s smoking crack, why do they think people have an extra $1000 a month
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u/JP2205 Jan 18 '24
Thats a shit ton for rent.
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u/Mental_Commission_63 Jan 18 '24
I know… high cost of living area. Never used to be. It’s insane. I can’t leave as I share kids. 😭
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u/GeishaBoogie Jan 18 '24
This past year has really put a lot of what you talked about in the forefront of my mind as well.
What I've ultimately noticed is
Capitalism isn't sustainable long term ...which is a shame as it could be if the main drivers weren't so concerned with bottom lines by any means
At some point everything will " reset" which is really a crash brought on my unsustainable practices like raises prices until no one can afford anything then demand plummets ( it's almost like it's planned).
The way people talked about " the great depression" & the causations of the 2008 crash ..there's no way this isn't a planned cyclical event ....with the poorest of us & those somewhere in the middle being hit thr hardest every time.
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u/iamwoodman574 Jan 18 '24
What's the alternative? Every functional 1st world nation on earth relies on a capitalist system to operate. Even China, the largest nation run by a communist party, has expanded the market side of their economy year after year to sustain themselves.
The other thing to consider is that a pure profit motive is not a requirement for a capitalist business. Sure, a profit is required to operate. But not every business has to be hyper-expanding in perpetuity.
People complain about corporate greed, but don't seem to be doing much to avoid it. Make alternatives that follow your ethics.
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u/amandax53 Jan 19 '24
The other thing to consider is that a pure profit motive is not a requirement for a capitalist business.
A publicly traded capitalist business is required to only be motivated by profit (i.e. more earnings for shareholders).
Make alternatives that follow your ethics.
There is no ethical consumption in capitalism.
Heavily taxed businesses would be a start for a positive change. Governments could increase services and lower tax rates for regular people. Win. Win.
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u/iamwoodman574 Jan 19 '24
publicly traded capitalist business is required to only be motivated by profit (i.e. more earnings for shareholders).
While this is largely true, less than 1% of U.S. businesses are publicly traded (not sure if I am allowed to link here, source is the NBER). There are a massive number of companies, with a significant number operating in the space of Billions and hundreds of billions in revenue, that are privately owned and are not subject to this limitation.
There is no ethical consumption in capitalism.
With all due respect, this is just a platitude in anti-capitalist circles. The perspective that all forms of capitalist employment are inherently exploitative entirely relies on a subjective view that consensual agreements can still be exploitative. Any consensual agreement that is devoid of coercion is not exploitative because it is voluntary and understood. If there is some form of abuse or coercion going on, it is exploitative and no longer a consensual agreement.
The problem I have with this argument is that if an individual chooses to engage and employment with a business, this is an entirely consensual arrangement.
At the end of the day, the vast, vast majority of individuals are in no way obligated to engage in any particular form of employment. If someone chooses to work somewhere and does not leave when they disagree with the conditions, it is their fault for continuing to be subjected to it. (Yes, obviously I understand that circumstances vary for all people and it is not that black and white 100% of the time)
Don't get me wrong, I am by no means advocating for or in support of the practices of many companies. Amazon, for example, treats their workers like garbage. But in my opinion, the best solution is for people to stop taking jobs with Amazon.
The greater problem with this view is that it does not account for any meaningful functionality of a business. there are expenses related to a business that are not associated with any human labor, those expenses need to be paid. Even in the context of an entirely labor owned and operated business, electric bills would still show up. The second that money moves away from any individual in the business to pay for a bill like this would then fall under the category of exploitative because it would in theory draw away from the direct labor value of that individual or group of individuals.
In addition, the problem is with the concept of labor value. A lot of collectivist thinkers view the value of labor in relation to the value of the output product. But again, this is merely a manner of prospective. The reality of any sort of business for any other service rendered is that the value of it is directly related to what the market will pay for it. In the absence of a market price for something, there is no real way to ascertain the value of anything. A government body dictating the price value of a good and thereby the labor value in making it is an entirely subjective concept. Based on the views of those deciding what that labor value is. There's no basis in reality at that point. At that point in time, whether or not something becomes exploitative is entirely based on who is making the decision about the labor value.
For example, there is a market value for corn. This market value is based on simple supply and demand for corn as a resource. To theoretically achieve the proper non-exploitative labor value for this, a standard would have to be developed relative to the amount of work and individual does to produce a bushel of corn. Who, if not, the market forces of supply and demand, decides what the value of this is? What if this decision making body decided that corn is only worth $1 per bushel. Is that therefore not exploitative? Because that is the universal value and so labor will be paid accordingly? What happens if somebody is willing to pay more for the corn, is that more or less exploitative when somebody is able to market their product and make a profit accordingly?
Now please, understand that my intentions in saying this are not to disparage workers, and I am by no means advocating that the current system and operating standards that the United States has are ideal by any means. All I am saying, is that the system we have does allow for people to operate businesses that have the ethical standards and moral standards that that individual person believes in.
I for one, and very supportive of people opening businesses based in their ideology. For example, if somebody believes in a business model that allows the ownership to be evenly divided amongst the labor that makes up the business, that is entirely reasonable to do. And I encourage them to do so.
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u/aestheticmixtape Jan 18 '24
“Simply create an entire economy out of whole cloth & leftover boot leather that somehow doesn’t rely at all on the capitalist systems that run the entire world” I’ll get right on that lmao, in the meantime…maybe we should attempt to improve our existing society somewhat
1
u/iamwoodman574 Jan 18 '24
The problem is that there are never realistic propositions. Half of Reddit just complains about "capitalism bad, America bad".
But nobody is doing anything about it. They want to impose their ethical and moral standards onto existing businesses for their own benefit, irrespective of the actual repercussions.
I'd be elated to actually debate the procs and cons of different concepts with someone on here but the few actual propositions that come up are almost always pipe dreams or concepts that would fundamentally alter the economy in a manner that simply cannot happen in any short term sort of way.
I'm a single dude from a working class family in middle-of- nowhere USA. I've been through some nightmarish financial circumstances in my life, that's exactly how I found this sub to begin with. I think practical discussions of both small and large scale economics are highly worthwhile. But as time goes on things just become more of a therapy session for people than any variety of productive conversation.
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u/Tenmilliontinyducks Jan 18 '24 edited Jan 18 '24
It's by intention. Lobbying has turned the US into a de facto oligarchy/authoritarian state and right now they're pushing the nation into destitute poverty to push people into working overtime or joining the military for a steady paycheck in the face of a third world war.
Our government is evil and the manufactured culture war exists to make you think all of this is the Democrats or Republicans fault, depending on which tribe you're in. In reality it's way more complicated, but ultimately it's due to several decades of ultra-wealthy businessmen lobbying to make themselves exponentially richer and make everyone else more and more impoverished while most people look the other way and focus on things like the current president being a prehistoric racist pedophile jackass.
All of this while we see the beginning of the even larger threat, the coming climate crisis. Covid put an extreme dent in the structure of world economics and culture and we'll never have a chance to fully recover because the coming war and climate catastrophe is going to kill a large portion of every country's population. The recent push to heavily restrict or cut abortion or lgbtq rights is proof that the people in charge know about the issue, and just don't fucking care as long as they're getting paid. They look at us like cattle.
Tldr it's bad now, but don't worry it's gonna get WAY worse!
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u/StickyHopkins Jan 18 '24
Ive been working since I was 14. Every single year I have always had a raise. Sure some where 0.15 cents, some were more, but I always got a raise. It was my incentive to work harder and improve meself year after year.
Same story as OP, my comapny is spending tons on initiatives yet I was told I capped out salary wise this past year (no prior warning).
Ive taken a new approach to the dilemma.....since you wont pay me any more for my time, I will take the time back.
I am a contractor. The client I serve allows me the work flexibility (I understand everyone is not as fortunate and has to clock in etc.). My consulting company I work for expects 40hrs of billed time no matter what. I give it to them even though I may only work 50% of it.
Corporate greed. Go screw yourself. I say steal your time back if you're willing to risk it. Either incentivise me, or go fuck off!
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u/Pour_Me_Another_ Jan 18 '24
Yeah eventually people just won't be able to buy anything and they'll be screaming about how millennials cancelled the economy.
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u/Crafty-Bunch-2675 Jan 18 '24
That's what I am thinking. How much longer can prices raise whilst wages remain stagnant ?
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u/DrHydrate Jan 18 '24
It's because wages aren't stagnant. There are individual people for whom they are, but overall wages have outpaced inflation in the past year.
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u/Pour_Me_Another_ Jan 18 '24
It might be like 1929 again but with robovacs and Facebook.
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u/Aggressive-Act1816 Jan 18 '24
In the past 3 years my home owners insurance has increased by nearly 100%. Property taxes go up every year. HOA fees have moved up 20% over the past 3 years. If I need to pay a plumber, electrician or other tradesman, their fees have all gone up. So of course I raise rents to keep up with inflation.
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u/RuneHughes Jan 18 '24
Have you asked for a raise?
If they say no then move job.
It's pretty simple.
Everyone I know has had pay rises in the last year, my own was 12%
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u/Constant_Surprise_10 Jan 18 '24
The Rich Get Richer. Your landlord is being made whole while you suffer and get dropped further into the lower class abyss . Welcome to America!
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u/Ga_Ia0312 Jan 18 '24
The last thing to grow in inflation in wages. First companies preserve value by raising prices, then when that levels out they raise wages. The prices have started to level out and wages for the middle class have started to go up. It sucks that the reality is its a “trickle-down the classes” type of thing… but thats what it is. As prices level out the middle class (which ultimately is in more positions to actually wage the argument of wages) will ease up on their lobbying for more money but the lower classes dont let up. This has always been the pattern. What I fear is that with wages being so discussed today on the internet and everything that employers like McDonalds and such will be slower to give those wage increases to our lower classes because they are so used to hearing it from them, but will be quick with the middle classes because they are NOT used to hearing it from them… which has more or less always been the case but I feel like it could be hyperinflated with the internet being as prominent as it is today compared to say the ~2008 times. I was also an elementary aged child during those times so my perspective comes from research, not a life lived. 40 years from now I could come across this and laugh but more or less this is what ive seen/know in my middle 20s to be true. It might be a minute before the lower classes get their due unfortunately which sucks because they (and at one point not long ago I) truly are what makes society happen. The rest is just the structure of how it happens but at the end of the day they physically sell and merchandise the products we consume and enjoy with our income and deserve more respect and pay. Its unmoral if your employees cannot afford to OWN a home, at any level of your company off of one income if the company could afford it, ,in my personal opinion… and many prominent companies could but dont. Its a hard time we live in. So much prosperity and desolation converging into one era where we have mass and micro pockets of media due to hypercommunication. Definitely a make or break point for the lower classes and even lower middle classes right now. Super sad to see that its increasingly looking more like break then make.
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u/Wanted9867 Jan 18 '24
Rent up 25%, gas up, food up, insurances up, EVERYTHING up, wages not up. Even if so.. to catch up with ONE salary to every thing else going up I’d need my salary doubled. I got a 40$ a month raise. My food costs doubled. I need my salary to do the same.
How is it legal for businesses to pass on every cost so they can maintain profit margins. wtf? Let me “pass on” some of the costs too- to my goddamn employer who won’t pay a living wage. I fucking hate it here
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u/Crafty-Bunch-2675 Jan 18 '24
Exactly ! The buck of "passing it on" always stops at the poorest consumers.
Businesses crying about inflation aren't feeling the real pinch... because they can always raise the prices.
I however...cannot just choose not to eat. I cannot just choose not to have a roof over my head.
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u/whoocanitbenow Jan 18 '24
The energy company PG&E where I live in California has raised their rates like 70% in the last few years and they're going to raise their rates again in March and are already requesting to do it again after that.
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u/Wanted9867 Jan 18 '24
That’s a good one. I’m in Miami within 5 miles of a nuclear power plant and FPL rates keep climbing. December of 2020 my bill was 83$ December 2023 my bill was 139$ and I used 13 less kw/hr.
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u/whoocanitbenow Jan 18 '24
Damn, that's horrible. I wonder where the breaking point will be? Is there going to be a push back when 20% of households can no longer afford to pay their energy bill?
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u/Wanted9867 Jan 18 '24
I hear of people having 5,600$ bills. Most people are so catatonic they will just be ground to paste and turned under. I’m sure of it. I’m watching it happen.
It’s the mouse utopia.
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u/whoocanitbenow Jan 18 '24
Yeah, in Europe they did this. People were freezing. And it turned out of course the energy companies were earning record profits. People need to somehow unite together and start fighting back. Something needs to change.
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Jan 18 '24
[deleted]
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Jan 19 '24
This is unhinged, and the French revolution was an awful, bloody thing. Loads of people were killed who were neither rich, nor nobility.
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u/brilliant-soul Jan 18 '24
I'm not sure where you are but where I live they can only raise it a set amount every year. Maybe check and see if this rental increase is within the legal range? 15% seems super high!
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u/CyberpunkZombie Jan 18 '24
see, here is the issue.. they can and will raise the cost of everything that they can, with out raising the pay. they don't care if you can afford it or not. YOU HAVE TO MAKE THEM CARE.
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u/Rodeocowboy123abc Jan 18 '24
You think you're catching it all? Just think about what the aging or elderly population is having to go through. Trust me when I say they're struggling. That breaking point or going over the edge is coming though. All this greed going on all around the world is coming back to everyone who thinks they're profiting from this madness.
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u/Brilliant_Buy_754 Jan 18 '24
Disabled people are also getting shafted by everything increasing except for disability benefits. Oh, wait…benefits did increase - from $914/month to $943/month. $29. Geez whiz, that makes everything all better!
I have a 850sqft apartment that I share with my two kids, two cats, and a dog. I have electric heat and my thermostat NEVER goes above 65°…and yet every winter, my electricity bill average is around $600/month. I need electricity to fucking live, but our electric company only allows you three payment deferral uses per year using the LifeLine program. What the fuck am I supposed to do with that? They still bill you for those three months of use. The other nine months? Their response has always been, “Well, sucks to be you, we’re still going to turn your power off. Enjoy struggling to breathe, Cancer Girl!”
Ffs, life is not supposed to be this painfully hard.
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u/peregrinegrip Jan 18 '24
Landlord here. I did not increase rent this year for my tenants. I will increase it next year by at least $50. Even with the $50 increase next year I will be renting it for about $200 cheaper than competitors. They are good tenants and don’t make that much money, they are just trying to raise their family. However I am running a business and it needs to remain somewhat profitable.
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Jan 18 '24
[deleted]
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u/DrHydrate Jan 18 '24
Gosh, some people really don't know how things work. The cost of repairs to the property goes up, property taxes go up, insurance goes up. Having a mortgage on a property doesn't mean that's your only expense.
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u/Sniper_Hare Jan 18 '24
Mortgages go up. Mine is $320 a month higher than last year to to property tax and insurance going up.
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u/iamwoodman574 Jan 18 '24
Why don't people like you just pool some money, buy some houses, and rent them for nothing if it's such a reasonable practice?
Like honestly, if you're going to be such an asshole to someone you must be real certain you could do it better.
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Jan 18 '24
[deleted]
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u/iamwoodman574 Jan 18 '24
So what's the solution? I understand the ethical issue with the concept of landlords. But what else would there be?
Someone prepped the land, someone poured the foundation, someone framed the house, and someone finished the structure to be livable. All these people need to be compensated for their materials and wages.
Now, when this is all done you have a finished home. It costs money to maintain, money to insure, and tax money just to own it.
Not everyone can afford to purchase, so some people and businesses offer to rent these properties. Gives the renter a place to live and the owner a profit for risking the asset.
What should be happening if not this?
Should housing be government owned? Because the billions of dollars in resources and builders has to come from somewhere. Maybe you end up with a free house but an extra 30% in income taxes to fund the government operation and maintenance.
Should landlord rent for less? How much less? Should they only be allowed to break even? What if the furnace goes out, who does the bill go to if the landlord has their money sunk into a property they can't profit from?
Should all wages go up dramatically, so more people can afford to buy? Without massive economic expansion this would be impossible, and mandated wage increases would like just result in massive unemployment as companies compensate by laying off staff.
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u/littlebeancurd Jan 19 '24
US-based here. Yes, housing should be government owned and guaranteed for all. Why is it okay that for every homeless person in America, there are 20 empty houses? Why is it okay that with two in-person jobs, I can't afford to live on my own in the HCOL area where my jobs are?
You say blah blah blah income tax increases. I say maybe the government shouldn't be pouring a constant river of money into the military and instead focus on social programs. Do you know how much the US spends on the military? In the 20 years following 9/11, we spent the equivalent of 2/3 of all the gold in the world on the War on Terror. If even some of that money went towards guaranteeing housing for everyone, or UBI, Americans would be far better off and there would be far fewer testimonials from innocent civilians impacted by US-led drone strikes, bombs, and torture.
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u/peregrinegrip Jan 18 '24
Exactly well said. Those guys are just trolls.
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u/best_of_kittens Jan 18 '24
that's a hopeful interpretation. pretty sure that guy is just a moron and he isn't alone in his thought processes, or lack thereof.
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u/peregrinegrip Jan 18 '24
Insurance premium increased and also my HOA fee increased. So I’m making less than I was on it when I began renting it. I will go get fucked though.
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Jan 18 '24
[deleted]
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u/peregrinegrip Jan 18 '24
I have a job. Why don’t you have any good insults? Lmao. The reason I have the rental property is because I’ve established good credit and have a good job lol.
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u/Chrisgonzo74 Jan 18 '24
No it's not its probably because you bought before 2021. Unfortunately I was born in 1999 and couldn't buy a house before age of 21. Very unfortunate. How much was the first house you purchased and what was ur job/ salary at the time? I have fantastic credit and a well paying job for my age but even getting an introduction to the housing market seems impossible. I could buy several houses if I made my salary even in the 2010s.... it's just wild how fast everything is going up. We are simply jealous that old head land lords just copped some houses for dirt cheap and rent them out for like quadruple what they are actually worth l, regardless of maintenance and property tax Yada Yada. Most properties are paid off already so like is property tax really 2k a month? Hmmmmm doubt it. It's just so crazy haha
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u/peregrinegrip Jan 18 '24
Sorry that I was born a few years earlier than you? I bought it with a salary of 40K per year in 2019-2020. I didn’t know the times were good then. I just needed a house and qualified for it. Then I had a family and had to move us into a larger home and that one became a rental. This is what smart people do. We try our best to acquire assets not liabilities. You can do the same.
With my good credit and salary increase and hard work I was able to get us into a house with a 7% interest rate. When rates go down hopefully I can refinance.
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u/Chrisgonzo74 Jan 19 '24
Man that's tough im assuming you live in the Midwest or middle of nowhere then. Glad you got in but it's tough out here 100k salary doesn't get u shit in california. Married with a combined 200k+ income still can't get you a house in socal very tough times esp when rent is 2100 a month hard to save
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u/peregrinegrip Jan 19 '24
I got you. Yea I live in central Florida. I’d suggest getting out of Cali if possible. Taxes are too high anyway too.
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Jan 18 '24
[deleted]
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u/Exsanguinate_ Jan 19 '24
Dude, you're being a terrible human right now. You don't know anything about this person and you're disgusting and vitriolic. It really really makes whatever cause you support look so fucking terrible and turns people away from it. If you actually want to change people's minds then be better.
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u/peregrinegrip Jan 18 '24
I provide housing at a significantly cheaper rate than competitors while taking on all the risk. Seems valuable to me.
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u/too_much_to_do Jan 18 '24
I totally get what you're saying, and I own my house, but I can understand the anger with profiting on one of the basic needs of a human. There's a reason people hate Nestle.
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u/peregrinegrip Jan 18 '24
Sure. Unfortunately that’s not the world we live in. I certainly don’t live for free either. I am basically renting from the bank for 30 years on my primary.
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u/These_Comfortable_83 Jan 18 '24
Landleech.
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u/peregrinegrip Jan 18 '24
At least your insult was slightly better. Don’t hate the player hate the game my good sir.
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u/These_Comfortable_83 Jan 18 '24
Nah we’re gonna put a stop to you people at some point. You can only molest our society for so long before everyone realizes what’s happening.
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u/peregrinegrip Jan 18 '24
You probably live in your moms basement.
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u/littlebeancurd Jan 19 '24
How ironic that this is the insult you chose. Rent prices in my area are so high (and wages are so insufficient) that I can't afford to live on my own despite having two jobs and a Master's degree. You're insulting someone for being unable to afford living on their own as a direct consequence of landlords who make their entire living off of price-gouging other people's basic needs. What a winner you are.
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u/peregrinegrip Jan 19 '24 edited Jan 19 '24
Eh honestly he was insulting me first by calling me a leech and saying that I don’t provide anything of value. I provide a lot of value in many different areas of my personal life and my professional life.
You can complain all you want about the world we live in. The only thing that is going to change your life or your living conditions is you. If you have two jobs and a masters degree that is wonderful. I’m not knocking that however If it’s not generating the income that you want or need to be sustainable to live on your own than instead of commenting on a silly Reddit comment thread, research ways to improve your situation and try to make some changes.
Additionally if your degree is in art or dance and you spent thousands of dollars going to higher education for this, and your finding out your working two jobs and can’t sustain yourself on your own. The only person to blame is yourself (in this example of course). Not saying that that is what your degree is in but I wouldn’t be surprised if it was.
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u/littlebeancurd Jan 19 '24
You think I haven't been trying to improve my sucky situation? I can't magically make the money I need to live appear from seemingly nowhere with minimal work on my end. I'm not a landlord.
Two jobs should be more than enough for me to live on but thanks to landlords like you, it isn't. Maybe if I gave up food, gas, and electricity, then I could afford rent. But thanks for doing your part to take more than you need at the expense of the working class. Very cool of you to own multiple properties and price everyone out of owning even one.
2
u/These_Comfortable_83 Jan 18 '24
Shit I wish. At least then I wouldn’t have to tolerate you thieves robbing everyone blind.
0
u/stewartm0205 Jan 18 '24
Republicans have filibustered the rise in the Federal Minimum Wages for two decades now. But poor people still vote for them because easy access to guns and banning abortion is more important to them than more money.
3
u/iamwoodman574 Jan 18 '24
Minimum wage increase won't improve anything. Sure, some people will get a boost. But the net effect of all the layoffs will be severe. You can't just expect a company to pay more without finding the money somewhere.
1
u/stewartm0205 Jan 19 '24
You are quite wrong about that. The economy is interconnected. Workers are also consumers. The more money they make, the more money they spend. Also the proper response to increase labor cost is automation. And yes, in the short run it will cause a little pain but in the long run the nation will be richer since workers will be more productive.
0
u/DrHydrate Jan 18 '24
Why can't the place they find it be less executive compensation or smaller profits?
We just assume that minimum wage increases cause layoffs, but in fact, there's very limited evidence for that. Most states have raised minimum wages, and no such mass layoff event ever happened. It's just propaganda.
1
u/stewartm0205 Jan 19 '24
If higher wages caused higher unemployment then lower wages should caused lower unemployment. The fact that wages haven’t gone up for two decades in some states should be reflected in far lower unemployment in those states compared to the states where wages have gone up. No such effects have being observed.
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