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wages etc

by zed

May 18
I'll stick this all here so as not to polute the shoutbox -


@Box & Vince. Perhaps you don't know but inflation happened all over the world. not just NY, calc.
Here from forbes
https://www.forbes.com/sites/errolschweizer/2022/05/10/how-windfall-profits-have-supercharged-food-inflation/?sh=3b43b5966672
forbes the famously pro worker, anti business periodical (thats sarcasm btw) look at figure A

Vince you spoke about mcdonalds. Look at their profits
https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/gross-profit 2020 (down due to covid) but 21,22,23 really shot up. Now if they rose the prices to cover their increased costs of wages then
profits would of stayed about the same.
There are so many articles about it. In short basically everyone agrees it was just companies using other excuses (covid/war) to make windfall profits. Some countries have even done a windfall tax

also you might wanna check the they doubled the NY mimimum wage statement, everyones memory is valiable
https://dol.ny.gov/history-minimum-wage-new-york-state

(bit busy atm) I'll return


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#1

May 18
@Markus... YOU'RE FIRED! A new fact checking a$$hole has popped up on the scene. Zeddie is here to promote more disinformation for The Ministry of Information. You've been officially replaced.


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Box_a_Hair says:
#2

May 18
What's your point again?


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zed says:
#3, Reply to #2

May 18 *
The point is about the causes of the recent inflation spike. The cost of everything going up in the last few years. The cause was not because workers wanted more money but due to companies wanting more profits, and just blaming covid or the war etc

image

as you can see here, what caused inflation

the corporate profits jumped from 11.4% to 53.9% in the 18 months compared to the past 40 years
yet wages share decreased from 61.8% to 7.9%

in short the recent inflation happened due to companies saw it as the perfect oportunity to raise prices and go "Oh we wanted to keep them low but covid etc made us increase the prices our hands were tied sorry" but the data doesnt show this, they were just profitting


eg as vinnie saiz mcdonalds, you can see slow growth from 2011 -> 2019 (then covid) and then bang! profits took off (in red). Now if this was due to them paying their workers more then this wouldn't happen, you may see it more in revenue.

McDonald's Annual Gross Profit(Millions of US $)
2023 $14,563
2022 $13,207
2021 $12,580
2020 $9,752 <- covid hence the drop

2019 $11,179
2018 $10,833
2017 $10,621
2016 $10,205
2015 $9,789
2014 $10,456
2013 $10,903
2012 $10,816
2011 $10,687

Basically look at most companies they tell a similar story over the last few years

A lot of western governments impossed windfall taxes on the companies cause they knew what they were doing. Though the US governemtn didn't fuck Biden.
Now Companies think they can just keep on doing this, raise the prices and the ppl will pay and not complain, like the good little sheep they are.


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#4

May 18 *
WTF...and Me's the dummy. Article after article after article! You're about as quick as Butthead! You're over there across the Atlantic and gonna lecture us?! People here in the know, know WTF is going on here...I need you to remind me of it like I need another boil on me ass! I love 💕 you Zeddie but go feck yerself! Ya dig?!... watching Scream, Blacula, Scream! Blame it on voodoo!


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#5, Reply to #4

May 18
Don't mind her....she means well.


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zed says:
#6, Reply to #4

May 19
yeah ppl over there know that mcdonald's workers wages doubled


Mate - memory is fallible, look up actually data, don't trust your heart, don't trust the propaganda you read. USA media for news in the main is terrible (some of the NPR stuff is OK I admit) but its literally aimed at ppl with IQs less than 80.
Don't even trust yourself, check the sources, are they reliable, are you relaible, you might of think it just happened, but did it. eg Think of the time Oh person X died 2 years ago, but you look up and see it was actually 10 years ago, doubt everything, check the sources
blah blah.
PS - happy birthday old man


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#7, Reply to #6

May 19
What?! No kiss? Feck off!


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zed says:
#8, Reply to #7

May 19
feck off, who the fuck do you think you are father jack.
youtube


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#9, Reply to #8

May 19
Go to Hell ya cvnt ya... when I get there I'll find ya...if I'm there before ya I'll be waiting on ya!



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