POLITICAL BLOTTER

[It's Mike]

How about 3% inflation do you see that with this and the Federal Reserves new policy?

that's in play I think.

[It's Mike]

Really? I don’t have much confidence in Jimmy Carter 2.0 or his monetary policy. Which we will see unfold here in the next few months. Smells like 1975 or 1979 all over again.

you're calling for the inflation rate to go from 2 to 10, that doesn't happen in the first world very often. Even under Carter the increase wasn't nearly that dramatic.

[wombattt]

you're calling for the inflation rate to go from 2 to 10, that doesn't happen in the first world very often. Even under Carter the increase wasn't nearly that dramatic.

Time will tell....3% is too low and perhaps and additional 8 points is too high, but taking indications from the housing market...it looks like the shift is headed closer to 8 points than just 1 point.

[edwardv]

I watch the US bond yields daily. The 10 and 30 year are going up since fall. The short term bond yields seem to have bottomed out and have stayed there maybe fractionally lower. All the articles I read on this are split about how high it could go. With the amount of US debt now compared to 70s and 80s I don't think we can handle much inflation. CPI and PPI are up but not big. Now throw some gas on it with higher minimum wage? The Fed speak causes things to occur out of thin air too. But I am no expert just a pion.

[Dave's Dreidel]

that's in play I think.

People will just get laid off, get fewer hours, and be treated as contractor's, not employees, etc.

Or they will no longer put off automating due to cost if the rate of return now makes sense in comparison to higher minimum wage.

It's not going to have the impact they believe, or want. But, it panders to a vocal part of their base, so whether it will work on not is of little importance.

[It's Mike]

Time will tell....3% is too low and perhaps and additional 8 points is too high, but taking indications from the housing market...it looks like the shift is headed closer to 8 points than just 1 point.

For everyone's sake, let's hope I'm right on this. I can tell you that the market is not expecting that level of increase.

[It's Mike]

People will just get laid off, get fewer hours, and be treated as contractor's, not employees, etc.

Or they will no longer put off automating due to cost if the rate of return now makes sense in comparison to higher minimum wage.

It's not going to have the impact they believe, or want. But, it panders to a vocal part of their base, so whether it will work on not is of little importance.

The independent contractor thing will end up in the courts. The uk just ruled against uber. The WWE i bet ends up in court soon.

Sent from my SM-G930W8 using Tapatalk

[Dave's Dreidel]

The independent contractor thing will end up in the courts. The uk just ruled against uber. The WWE i bet ends up in court soon.

Sent from my SM-G930W8 using Tapatalk

Making everyone a 1099 won't fly, but businesses that can will automate. Others will cut hours, make most employees part time to save on benefit costs.

Jacking up the minimum wage without removing benefits from your employer is a half measure, and won't accomplish what they want.

[ziggysmalls]

I know a lot of people who lost hours due to Obamacare. Same will happen with 15 dollar minimum wage. People will see hours reduced or simply they will be let go in favor of additional automation. Especially in this post Covid world where we have more end user interaction. Heck you know how many cleaning jobs are going to go away with the reduction of offices? Sure some are going to stick around but in tech companies like I work for, they have shut down or consolidated tons of offices already. Even though nobody is back at the office, we likely have shut down 25% of every office in the world. Forever. More coming. COVID proved we don't need to spend tons of money on recurring costs like utilities, cleaning, coffee, etc

In the long wrong, companies are out there to make money. First and foremost. They are not going to simply suck up 15 dollars without cutting back something. Now how much impact is the question but there was impact with Obamacare. There will be impact with this

[lovemachine97(Version 2)]

So Democrats sent a letter to carriers regarding the wisdom of broadcasting Fox News, OAN, etc., and Republicans in TN sent a letter to state universities encouraging the punishment of any athlete who protests during a sporting event.

We're sacrificing who we are just to "own" the other team and it's wrong.

[Dave's Dreidel]

So Democrats sent a letter to carriers regarding the wisdom of broadcasting Fox News, OAN, etc., and Republicans in TN sent a letter to state universities encouraging the punishment of any athlete who protests during a sporting event.

We're sacrificing who we are just to "own" the other team and it's wrong.

We aren't far from book burning and re-education camps. This kind of shit needs to be nipped in the bud.

[lovemachine97(Version 2)]

We aren't far from book burning and re-education camps. This kind of shit needs to be nipped in the bud.

It's concerning to me because SCOTUS traditionally does not lead on issues, it goes as society goes. So when we were less tolerant of dissent, you got decisions that allowed punishment for dissenting opinions on the draft.

Today, we have a broad interpretation of free speech. But I am afraid if some cases get to the Supreme Court, if history is any indication, we may move backwards.

[BlindtotheWorld]

Making everyone a 1099 won't fly, but businesses that can will automate. Others will cut hours, make most employees part time to save on benefit costs.

Jacking up the minimum wage without removing benefits from your employer is a half measure, and won't accomplish what they want.

Some would argue that that consequence is exactly what they want. Their own data (Congressional Budget Office) predicts that a national minimum wage would cost the country over 1 million jobs but they are moving ahead anyway. What does that say?

[lovemachine97(Version 2)]

Some would argue that that consequence is exactly what they want. Their own data (Congressional Budget Office) predicts that a national minimum wage would cost the country over 1 million jobs but they are moving ahead anyway. What does that say?

If my experience in discussing this is any indicator, many truly believe, and there are (flawed) studies to back up, that increasing minimum wage won't cost any jobs. And since the CBO report says the $15 minimum wage will cost anywhere between zero and 4 million jobs, they can hang their hat on the zero.

Of course, most can't explain why $15, nor why not $25, but there is, in many, a rigid belief there is no cost to doing this.

[It's Mike]

Some would argue that that consequence is exactly what they want. Their own data (Congressional Budget Office) predicts that a national minimum wage would cost the country over 1 million jobs but they are moving ahead anyway. What does that say?

That showing you care is more important than caring.

Sent from my SM-G930W8 using Tapatalk