The cost of living

What’s going to happen when wages just can’t keep up with the cost of living? And what can we do to change things?

How much has the cost of basic goods and services gone up now that every small business in the land has to play everybody in the place $15 an hour to stand around and ignore the customers?

Also, how many small businesses in your area have reduced hours or even closed because they were marginal to begin with and can't afford to pay help or raise prices to cover it?

Back in the "good old days", Nixon forced through "Wage and Price Controls".

It pissed off almost everybody. But. In the long run, it did work well enough to get the country back on track even though the unions and certain businesses screamed bloody murder.

For the past 40 years we have using consumer debt to make up for the missing income from nonexistent wage increases. This is reaching a crisis point. We will continue to see rising bankruptcy rates and a continued lowering of the standard of living. More 30 year old's living in their parents basement. More grandparents stuck raising grandkids while both parents work but cant afford daycare.

Jazzy wrote:

What’s going to happen when wages just can’t keep up with the cost of living? And what can we do to change things?

2 families sharing a house, because they refuse to build houses or simply let people rent the load of vacation houses or empty workplaces, which is now forbidden.