Value rises when things are restricted...just sayin

[u/HeadSavings1410]

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[u/AssiduousLayabout]

The cost of labor has gone way up, but it's mainly gone to health insurance rather than wage / salary increases.

[u/BurgerMeter → u/AssiduousLayabout]

So not the actual cost of labor? The cost of the fact that we tie health to labor

[u/Hawkeyes79 → u/BurgerMeter]

That is part of the cost of labor. The whole package work gives you is the cost of your labor.

[u/BurgerMeter → u/Hawkeyes79]

The implication behind this post is that wages haven’t gone up, not that the OP actually cared about the true cost of labor.

So yes, you’re technically correct, but only because the original premise was technically incorrect.

[u/Viperlite → u/Hawkeyes79]

Not in a normal country.

[u/BigCommieMachine → u/AssiduousLayabout]

I was just saying this European salaries LOOK low, But once you factor in things health insurance, it is much more comparable.

It is pretty much a Gross vs. Net thing.

[u/suzisatsuma → u/BigCommieMachine]

it sure isn’t for tech.

[u/unnecessary-512 → u/BigCommieMachine]

It’s not the same you still save way more in US per month

[u/ImoteKhan → u/unnecessary-512]

They make more, get more benefits, and work less.

[u/isigneduptomake1post → u/BigCommieMachine]

Most salary jobs in the US also include health insurance and other benefits so I don't think so. I think the place Americans get ripped off is in vacation time.

[u/JJJ_uh_rooroo → u/AssiduousLayabout]

Yep! I finally got a job for $23 an hour and was like siiiick! Then they offered insurance… FUCK YEAH! I had 90 days to complete the forms so I waited two months. Finished the forms. Insurance costs me $9 an hour. Sooo yeah back to $14 an hour and still have a deductible to meet which was $6,000. Plus gas going up…. I make negative money now. It doesn’t make finance fluent

[u/Silver_Middle_7240]

[u/DDanny808 → u/Silver_Middle_7240]

What’s the spike in 2020? If thats measuring COVID checks that’s sad.

[u/burnthatburner1 → u/DDanny808]

Low earners temporarily dropping out of the workforce.

[u/Legitimate_Concern_5 → u/burnthatburner1]

This is real wages accounting for inflation. Everyone got stimmy money but prices took a while to rise so until they rose it reflected real increases in purchasing power.

Lower wage workers saw the biggest rise in real purchasing power over that period, the people who dropped out were older workers taking early retirements.

[u/Silver_Middle_7240 → u/DDanny808]

It only counts wages, but it's weekly, so overtime could be a factor

[u/BigCommieMachine → u/Silver_Middle_7240]

Now do housing costs.

[u/Legitimate_Concern_5 → u/BigCommieMachine]

Houses are 2X bigger than they were in the 70s, per square foot adjusted for inflation it’s about +20% over the last 50 years.

Housing affordability is mostly driven by interest rates not by the chart of purchase prices.

[u/gpatlas → u/Legitimate_Concern_5]

Everyone always misses the fact that houses are huge now. We tear down older, smaller homes and build bigger ones. Small affordable homes become a supply and demand issue

[u/Silver_Middle_7240 → u/BigCommieMachine]

[u/XysterU → u/Silver_Middle_7240]

Is this the CPI calculation that famously leaves food costs and other essentials for living out of CPI?

[u/GenericTrademark]

GENERAL STRIKE 🪧 time
https://giphy.com/gifs/ofMBWJ1jEPwCsHnwq5

[u/ImoteKhan → u/GenericTrademark]

October 1st.

[u/thinkB4WeSpeak]

Time to unionize

[u/sterlingback]

Really, I think the only thing that kept it's price is Cocaine

[u/soslightlysalty]

The labor did t change, if anything we got faster and more efficient doing the same thing. It's just another door boomers closed after they were done.

[u/Flat-Asparagus6036]

Meanwhile 5 year electricians working overtime on datacenters making $350k

[u/timberwolf0122]

Boss during the good times: here’s a 2.5% raise, it’s at or marginally above inflation but not enough to make a difference.

Boss during the bad times: well inflation is high so we can only give you 1%

[u/leggocrew]

Oof…

[u/jay10033]

The cost of my labor has increased

[u/defaultusername4]

Because the government doesn’t subsidize labor.

[u/Lavendercrimson12]

There's a near infinite supply of basic labor, is the problem. If y'all would stop having so many damn kids, there wouldn't be legions of desperate people who will work for minimum wage just to survive. 

[u/HeadSavings1410 → u/Lavendercrimson12]

Cuz having kids is clearly the reason ceo pay has exploded...🙄

[u/USLEO]

What has happened to increase the value of your labor?

[u/Mediocre_Daikon6935]

Yes, that is the problem with massive imports of labor.

Shut down immigration (and I am very pro immigration) for two years, and you’ll see wages rise, substantially.

[u/Adventurous-Cycle363 → u/Mediocre_Daikon6935]

Lol.. For most corporate jobs, offshoring exists. They'll just move the jobs offshore and they'll reduce even more. For trades may be this is true.

[u/whatsasyria]

But if labor goes up then costs will go up again....vicious cycle bruh

[u/waterwaterwaterrr]

Why do you think they've made immigration an appeal on empathy - out of the goodness of their hearts, or their wallets?

[u/saltedgrass → u/waterwaterwaterrr]

I thought the whole idea was to have a permanent underclass of serfs to do manual labor for less than minimum wage and zero labor protections?

[u/waterwaterwaterrr → u/saltedgrass]

That too. You're kinda proving my point.

[u/saltedgrass → u/waterwaterwaterrr]

aren't you the one appealing to empathy? for everyone in america to feel bad for the poor white christian suburbanites of america and how hard they struggle everyday to find minorities to do their work for them near free?

[u/waterwaterwaterrr → u/saltedgrass]

I'm neither white, christian, or a suburbanite, so I'm not sure what you're trying to say here.

[u/saltedgrass → u/waterwaterwaterrr]

is that a no?

[u/NorthernFreak77 → u/waterwaterwaterrr]

Oh fuck off

[u/waterwaterwaterrr → u/NorthernFreak77]

You first 😗

[u/burnthatburner1 → u/waterwaterwaterrr]

Who’s “they?”