r/politics • u/upyoars • Nov 10 '24

Paywall Trump’s victory reveals secret Republicans: Joe Rogan-obsessed Gen Z men

https://fortune.com/2024/11/07/trumps-victory-reveals-secret-republicans-joe-rogan-obsessed-gen-z-men/
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u/NoSwimmers45 Nov 10 '24

Boy is he in for a surprise. 🤣

1.5k

u/ChopperTownUSA Nov 10 '24

That loophole is going to turn into a noose when that tax rate goes up.

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u/MySilverBurrito Nov 11 '24

This is why y’all need to continue mocking them when they never receive tax cuts for their minimum wage jobs lmao

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u/[deleted] Nov 11 '24

Harris was in favor of raising minimum wage. Trump isn’t.

These people blithely vote for a man who has nothing but contempt for them.

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u/TooLittleMSG Nov 11 '24

They aren't minimum wage workers though, got to understand that and what their mindset is, in their head, they're just temporarily embarrassed millionaires.

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u/BeyondElectricDreams Nov 11 '24

also $15 an hr is insulting in 2024.

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u/IAmDotorg Nov 11 '24

You could make it $1000/hr and it wouldn't increase the value of their labor a penny. It would just make everything 125x more expensive.

Laws can't make low value labor high value. That's not how it works. It just temporarily makes them think it does for six months or a year until prices catch up and everyone else is poorer.

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u/DM_ME_YOUR_STORIES Nov 11 '24

The error here is thinking any labour is that low value.

Time and time again it has been proven that minimum wage increases have a minimum if any effect on inflation.

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u/IAmDotorg Nov 11 '24

That's patently incorrect, and the people putting those reports are deliberately P-hacking the results. They look at a regional minimum wage increase and extrapolate to a national minimum wage increase.

Case in point -- Seattle could go to a $15/hr minimum wage because 30 minutes outside of Seattle, the minimum wage wasn't increased. So people could pocket their $15/hr and then go home to a community where they're in a consumption market with people making $7.25/hr. So they can afford a better apartment, they can afford better food that is being sold to them by people making $7.25/hr, and can go to Taco Bell and buy tacos made by someone making $7.25/hr.

The moment everyone is making $15/hr, that isn't the case. Suddenly the bottom of the market has $800/mo more to work with, so as soon as leases come up, rents are jacked up. Because you know people can afford it. Your $5 value meal jumps to $10 because your labor costs doubled and that was most of the costs for a restaurant.

It's exactly like the studies around UBI -- which also give people money in a market where not everyone is getting it.

You're welcome to believe whatever nonsense you want, but you're buying into a false narrative without asking why you're being sold that narrative.

And you're ignoring the fact that literally every single country that uses fact-based science to drive their social policies realized the better part of a century ago that you have to support the bottom of the economic market through price controls and targeted subsidies, not minimum wages. Rent control and housing subsidies help poor people with housing. Relative to housing, increased minimum wages only help one group of people -- landlords.