infuziSporg [e/em/eir]

Every place a commune to be unleashed!

Padding the comment-to-post ratios since before choppo chæt was a thing.

  • 39 Posts
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Joined 4 years ago
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Cake day: October 26th, 2020

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  • Let's take generous estimates and say that there are 170M people in the workforce, and the average minimum wage is $11.00, that comes out to $1.87 trillion, as the theoretical maximum amount that could be made up by minimum wages.

    The GDP of the USA is about $29 trillion (2024).

    1.87T/29T is about 6.45%.
    The example in the study is 3.6%.

    55.9% of all workers in the country could be making minimum wage or something closely tied to it, and that would line up with the findings of the study. But it's probably a little bit more, because of our generous estimates. That's the real noteworthy takeaway.

    The rest of the GDP, the $27.13 trillion, is made up of wages not tied to the minimum, capital gains, and other revisions of valuation. Total wages were $10.5 trillion in 2022, and $11.1 trillion in 2023. They're trying to tell you that wages make the price go up, but wages only make up 40% of prices today (with minimum wages making up less than 1/6 of that); the remaining 60% is something else.

    You spend a total of $1.36 on something after taxes. State and local taxes take $0.10, federal takes $0.26. $0.07 is spread out amongst all workers for the minimum wage. $0.33 is spread out among higher-wage workers. $0.60 goes to Porky. "Boss makes a dollar, I make a dime" is surprisingly accurate for minimum wage workers today: for every dime each one of them makes, the owners of the company make about a dollar.

    This analysis is entirely leaving aside the principle that poor people spend more on tangible things, and spend it more quickly, which arguably increases the velocity of money in the economy, but that's a harder thing to measure.


  • Millions of people walking to their nearest police station/jail to be incarcerated for civil disobedience and jam up the works, but the police refuse to arrest them and they all just remain standing out in the cold.

    After 5 hours they decide that instead of contracting pneumonia and overflowing the hospital, they will converge in the nearest Starbucks or Whole Foods, where the management is happy to accommodate a mock proceeding by bunch of sign-waving people while the libs are buying overpriced treats.








  • infuziSporg [e/em/eir]toMainTC69 UPDATE: HOT OFF THE PRESSES
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    edit-2
    2 months ago

    Somewhat self-important? Maybe (aren't we all tho). But "annoying"? Certainly not.

    After distracting myself and returning to the subject later, I have to step back from the position that closing the tanks was a good thing. The inevitable result is that the pillory content will spill out or disperse into other comms. Much as I'm iffy about what their effect is on our mental health, they really were the best compromise.

    Oh and also, what is the party line on the word "binch" and its derivatives, which came out of the dirtbag left around 2018? Is it good practice to say something like "clarence thomas retire binch"?