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Poor Sales Translates to job cuts

Throwback

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Labor/Management dispute in Putin's Russia:

Worker: My wage is too low and working conditions are unsafe at the plant.

Boss: You go to front, now.
 

Rocksalt

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Labor/Management dispute in Putin's Russia:

Worker: My wage is too low and working conditions are unsafe at the plant.

Boss: You go to front, now.
nope.. workers have no rights In Russia... and anti union anti worker rights need to get out of America and move there
 

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Minty JL

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RubiNewbCB

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I think that's an XLNT argument for the expansion of trade schools/community colleges, and many of those jobs can't be replaced by AI.
My nephew who lives in Baltimore, is in his 2nd year of apprenticeship school for plumbing, and he loves it, and the money too. He's also 23. Trades are where it is at, they are the future.
 

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RubiNewbCB

RubiNewbCB

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What you are not factoring in is that when you raise min wage, you have to raise every wage above it... you cannot arbitrarily raise wage from 7.25 to 15, what do you tell the people who worked hard to climb up to 15, "hey guys you're now min wage and little Sally who is getting her first Job is making what you're making"..... entry level jobs, min wage jobs are meant to force you to improve yourself, make yourself more valuable and EARĂ‘ AN INCREASE, not be handed it for having a pulse....

If I as business owner are forced to may top dollar for min wage workers ($20hr for fast food in calif) , I'm sure nut hiring some snot nosed HS kid or an unskilled one, I'll hold out for upper level workers
In economics there is a theory called the Wage vs Cost Spiral, currently our economy is in one (Death Spiral) thanks to the push for $15hr minimum wage 5-7 yrs ago, now the push is for $20-25 and hour min. wage, because people can't afford their Milk n Eggs!

https://www.investopedia.com/terms/w/wage-price-spiral.asp
 

Hootbro

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In economics there is a theory called the Wage vs Cost Spiral, currently our economy is in one (Death Spiral) thanks to the push for $15hr minimum wage 5-7 yrs ago, now the push is for $20-25 and hour min. wage, because people can't afford their Milk n Eggs!

https://www.investopedia.com/terms/w/wage-price-spiral.asp
We are dealing with this in Delaware when it went to a state mandated $15 minimum wage a couple years back. Made the cost of all tertiary low level goods and services rise to the point that it basically wipes out real economic benefit for those on the minimum wage scale.
 
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RubiNewbCB

RubiNewbCB

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This happens every year in areas that have Military Installations, when the troops get a pay raise or an increase in their housing allowance, the local economies bump the cost of rent up to match the increases. It's a never ending cycle.
 

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While prices definitely contributed to the drop in sales, the Gladiator is also very much a niche vehicle, and after the initial adopters there was bound to be a dip. It is not a universally appreciated vehicle :)
 

Rocksalt

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inflation and the cost of living has far exceeded the average wages. Only corporate profits
and shareholder dividends have increased over inflation. Simple math and terrible "trickle down economics" .
Again not supporting the American worker. But who cares?
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