"We need an economy that reflects the realities of 2026, not one stuck over a decade ago," said the newly sworn-in Rep. Analilia Mejía, who helped lead the campaign to raise wages in her home state of New Jersey.
Does that data exclusively focus on the last 6 years, with companies reporting profits that put previous years to shame? Going to guess no. Does that data exclusively focus on just the US, or does it add in nations that it would work.
Because here’s nvidia. From 2012-2019, they operated at 1 billion a quarter, ended on 3 billion in 2019. They did 68 billion last quarter.
You want me to post a bunch of other stocks? I can and they’ll all tell the same story. If wages go up, then these companies are going to increase prices. Have you seen gas? Eggs? The slightest bit that might hurt their proffits gets passed to the customer and then a little more for more profit. Should we talk about how housing costs have gone up? All the houses near my parents, all doubled to quadrupled in “value” on Realtor.com one day. A house that was maybe 112K jumped to 300K in a single day, all over. Or car prices being closer to 100k than 20k.
2018, I probably would have agreed with you. Plenty of evidence in Europe of that working. But, this is America. We have data that shows, unless you solve the root problem first… you’ve not solved the problem. The recent trends, in America, clearly state that these CEOS, these people who went from maybe having a billion dollars (which is already pretty fucked) to being 100-billionaires to trying to become the first trillionaire… Maybe, it’s time to accept reality and increasing the minimum wage by itself, won’t do shit. You’ll just have 10$ coffees or $25 Happy Meals.
Does that data exclusively focus on the last 6 years, with companies reporting profits that put previous years to shame? Going to guess no. Does that data exclusively focus on just the US, or does it add in nations that it would work.
Because here’s nvidia. From 2012-2019, they operated at 1 billion a quarter, ended on 3 billion in 2019. They did 68 billion last quarter.
You want me to post a bunch of other stocks? I can and they’ll all tell the same story. If wages go up, then these companies are going to increase prices. Have you seen gas? Eggs? The slightest bit that might hurt their proffits gets passed to the customer and then a little more for more profit. Should we talk about how housing costs have gone up? All the houses near my parents, all doubled to quadrupled in “value” on Realtor.com one day. A house that was maybe 112K jumped to 300K in a single day, all over. Or car prices being closer to 100k than 20k.
2018, I probably would have agreed with you. Plenty of evidence in Europe of that working. But, this is America. We have data that shows, unless you solve the root problem first… you’ve not solved the problem. The recent trends, in America, clearly state that these CEOS, these people who went from maybe having a billion dollars (which is already pretty fucked) to being 100-billionaires to trying to become the first trillionaire… Maybe, it’s time to accept reality and increasing the minimum wage by itself, won’t do shit. You’ll just have 10$ coffees or $25 Happy Meals.
Hi, yes the data is from California 2025, one of the highest cost of living areas in the US.
I am not saying dont fix further issues but you will die of a fever waiting on the cure.
Your last line says it all, the data shows this to be untrue and your line acts as if I am aguing for this as a single fix all action.
You are arguing emotionally and in bad faith.