Anyone selling at MSRP in DMV area?

Welcome to the Hyundai Palisade community!

Click REGISTER to join us! We'd LOVE to have you... :)

Alan_F

Active member
Messages
846
Reaction score
180
Points
43
Location
USA
Of course, manufacturing jobs are not coming back to the US. They never were. But what does that have to do with the subject of labor shortage, which was the topic at hand?
The recent increased wages of unskilled or semi-skilled labor, due to worker shortages and companies having to pay more, will keep manufacturing jobs offshore. Even when companies can afford to pay the higher wages, they can't find enough workers. At this point, they can't even find enough workers to offload the ships from foreign made goods, much less finding workers to actually make those goods in the USA. There are 80.000 truck driver jobs open in the US, according to a CNBC report today.

IMO, the benefits of higher pay for lower paid workers is going to end up being illusory, because these people generally have fewer assets like homes or investments that appreciate in value, and everything like rents, food (even including fast-food) is going to cost them more so that it will eat up their higher wages. Meanwhile, those who are asset rich and who own homes and investments will see their net worth keep up with inflation and probably more. Not to mention all the retired people on fixed incomes who are going to suffer financially from inflation.
 

Eric2203

Well-known member
Messages
830
Reaction score
361
Points
63
The recent increased wages of unskilled or semi-skilled labor, due to worker shortages and companies having to pay more, will keep manufacturing jobs offshore. Even when companies can afford to pay the higher wages, they can't find enough workers. At this point, they can't even find enough workers to offload the ships from foreign made goods, much less finding workers to actually make those goods in the USA. There are 80.000 truck driver jobs open in the US, according to a CNBC report today.

IMO, the benefits of higher pay for lower paid workers is going to end up being illusory, because these people generally have fewer assets like homes or investments that appreciate in value, and everything like rents, food (even including fast-food) is going to cost them more so that it will eat up their higher wages. Meanwhile, those who are asset rich and who own homes and investments will see their net worth keep up with inflation and probably more. Not to mention all the retired people on fixed incomes who are going to suffer financially from inflation.
You haven’t answered where you’re getting this idea that people made more money from unemployment, even enough that they don’t have to go back to work. Still waiting for evidence of this nonsense.

Manufacturing jobs were never coming back to the US, even before COVID. The labor cost is too high in the US. Any manufacturing job coming to the US will be automated. This is nothing new and this new world with inflation/worker shortage isn’t what caused it.

This high inflation situation will not last forever and is due to far more factors than just labor shortage. As to retired people on fixed income, social security is increasing 5.9% for 2022.

As to labor shortage, increased wages is still one of the ways to address it. It’s already happening. Inflation may eat up some of this, but again, high inflation is temporary and is affected by other factors that will also slowly resolve themselves (such as part shortages due to demand, not lack of labor).
 

Alan_F

Active member
Messages
846
Reaction score
180
Points
43
Location
USA
You haven’t answered where you’re getting this idea that people made more money from unemployment, even enough that they don’t have to go back to work. Still waiting for evidence of this nonsense.

Manufacturing jobs were never coming back to the US, even before COVID. The labor cost is too high in the US. Any manufacturing job coming to the US will be automated. This is nothing new and this new world with inflation/worker shortage isn’t what caused it.

This high inflation situation will not last forever and is due to far more factors than just labor shortage. As to retired people on fixed income, social security is increasing 5.9% for 2022.

As to labor shortage, increased wages is still one of the ways to address it. It’s already happening. Inflation may eat up some of this, but again, high inflation is temporary and is affected by other factors that will also slowly resolve themselves (such as part shortages due to demand, not lack of labor).

People Are Leaving the Workforce in Droves: What it Means for Businesses​


I don't want to continue this anymore, because it is getting way off-topic, other than inflation is rampant and there will be no rollbacks in wages or restaurant prices, or MSRP.
 

Eric2203

Well-known member
Messages
830
Reaction score
361
Points
63

People Are Leaving the Workforce in Droves: What it Means for Businesses​


I don't want to continue this anymore, because it is getting way off-topic, other than inflation is rampant and there will be no rollbacks in wages or restaurant prices, or MSRP.
Dude, this article is from 8 years ago. And it references zero hedge, which is a known conspiracy theory website. No wonder you believe all this nonsense. Try using actual data sources.

You still can’t provide any evidence for your claim that people made more with an extra $300 on unemployment than when working, or that it somehow allowed them to exit the workforce altogether (which is utterly ridiculous).

The fact remains that shortages are not only due to a lack of workers, as you claim, and that shortages aren’t the sole reason for inflation. You grossly oversimplify the situation.

All of this has already been explained to you in this thread and not only by me.
 

Alan_F

Active member
Messages
846
Reaction score
180
Points
43
Location
USA
You still can’t provide any evidence for your claim that people made more with an extra $300 on unemployment than when working, or that it somehow allowed them to exit the workforce altogether (which is utterly ridiculous).
I don't need to offer any evidence, since is simple logic that if one gets paid more in unemployment insurance than they were making when employed, there is no incentive for them to get a job. A lot of them worked in black market hourly labor jobs without reporting the income to the state unemployment insurance authorities (jobs which they could perform since they weren't working their old job). So those people ended up making more than double their old wages.

Just on CNBC this morning, a guy who is opening a new restaurant (he already owns a bunch of them) just hired 120 people and is having to raise the starting pay from $13 per hour to $20 per hour. He said that all his restaurants will be raising prices at least 7% in the near future. That sounds great for the employees, but I wonder how many of them will be able to maintain or improve their lifestyles since everything they buy is also costing a lot more.

BTW, that is $300 per week, which about $1300 more per month.

Here is an interesting article that explains it:
 

Eric2203

Well-known member
Messages
830
Reaction score
361
Points
63
I don't need to offer any evidence, since is simple logic that if one gets paid more in unemployment insurance than they were making when employed, there is no incentive for them to get a job.
Except that one can find a better paying job and therefore make more money that way. Particularly now that jobs are available. Or did that scenario not occur to you? Where is the data on how many people chose to stay unemployed? Still waiting…
A lot of them worked in black market hourly labor jobs
A lot? Says who? Where’s the source for this?
without reporting the income to the state unemployment insurance authorities (jobs which they could perform since they weren't working their old job). So those people ended up making more than double their old wages.

Just on CNBC this morning, a guy who is opening a new restaurant (he already owns a bunch of them) just hired 120 people and is having to raise the starting pay from $13 per hour to $20 per hour. He said that all his restaurants will be raising prices at least 7% in the near future. That sounds great for the employees, but I wonder how many of them will be able to maintain or improve their lifestyles since everything they buy is also costing a lot more.
Again, inflation is not permanent and it dependent on many other factors. And if wages had kept up with cost of living and GDP in the past decade and a half, the rise in wages now wouldn’t be so steep.
BTW, that is $300 per week, which about $1300 more per month.

Here is an interesting article that explains it:
Oh great, an article that has no source for the “25% to 40%” claim (a pretty wide range to being with). They state “it is estimated”… more made-up nonsense. What’s next, another 8-year old article with a conspiracy theory website as a source?


It really is getting tiresome to constantly hear the people being blamed for everything rather than the broken parts of the system. There are countless studies out there showing that the extra unemployment cash didn’t hurt hiring. And several of those where made when the amount was $600/week, not $300. The lack of workers isn’t the main factor for inflation. Shortages are. Those shortages are caused by the pandemic, which resulted in lockdowns (less supply) and massive sudden demand on the other side of the pandemic. The automotive sector is one of the largest contributor to inflation in the US. It was the largest in April and May. The pandemic also caused issues with childcare, forcing some people to choose unemployment over work, which is explained literally everywhere you look. But that was temporary as well. All of this was mentioned already, but you chose to ignore it and focus only on unemployment assistance.

Your obsession on unemployment aid and those who abused the system, even though they represent a fraction of the issue (remember, that extra money has been gone for a few months and we still have a labor shortage, which you conveniently don’t address!), shows that the brainwashing from certain media continues to work. Take a step back and consider the impact of what you’re railing against and you’ll realize it is actually minor and isn’t the reason for what is happening. That requires thinking for yourself rather than repeating what you hear. Always look for sources of data and be willing to challenge your own way of thinking when the facts don’t align with your beliefs.
 
Top