Starting Novemer 1, the largest employer in the US will be paying all theirvworkers a minimum $15. How inflationary do you think this will be? ( $15 US is almost $20 CDN.) just an interesting tid bit, Jeff Bezos is the richest man alive with $165 B.
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Labor, like wheat and canola are subject to the laws of supply and demand. The US economy firing on all cylinders has a labor shortage so the price goes up. There are municipalities in west Texas that worry they will lose their workers to the private sector because there is a demand for oil field truckers. In Canuckistan, nobody ever leaves government for a true private sector job. I don't consider law or accounting firms or Canuckistanian banks as private sector. They are merely government appendages. -
Did you ever wonder why govt workers rarely quit to go work in the private industry, especially those with masters degrees?Originally posted by ajl View PostComment
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Good to know, maybe they'll hire a few thousand prairie farmers that couldn't get their crop off!Comment
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I hear what your saying $15 seems like a lot. But the reality is that $15 an hour barely is a survival wage today. None of our workers get less than $17...that is just something new we started a few months ago.
I think this is the perfect example of inflation. I looked it up. Us federal Minimum wage in 1950 was 75 cents per hour!! So that means we are now seeing a 20x increase in minimumwage. Which means the dollar has lost 95% of value since 1950....tothink of it another way...if you had $1,000,000 in 1950 today you would need $20,000,000 to buy the same thing. Or put another way if you could buy 100 cheese burgers with a days wage in 1950 now you can only buy 5 cheeseburgers today.
Inflation and in-crop weeds are the enemyComment
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