The elite can unilaterally raise prices to effectively bypass taxation, the middle class and working class can’t unilaterally raise the price of their labor.
Like we did in 2020 and 2022?
“US treasury secretary Janet Yellen has called ‘the greatest economic opportunity of our time’ – namely, addressing the so-called climate crisis.”
In which the middle and lower class is economically bleed white through taxation and inflation to enrich the upper class.
There are still a few of us left with common sense enough to understand what creating value means.
The rest devise methods to extract value without increasing standards of living.
What garbage is the author smoking?
Sure...”The era of big government is over.” ~ BJ Clinton 1996
It seems we hide it awfully well.
As long as the left keeps stealing elections it’s a moot point.
The left has always been a minority. but has been quite adept at inflating their numbers and convincing the gullible to accept their cheat as “legitimate”.
The article has it completely backwards. The left taxes the right to pay for their lunch which they eat and the right pays for its lunch with money they earn. Essentially the right pays for everyone’s lunch.
USA. Brazil. Poland. Lunchtime must be over.
So we have the elites teamed up with the taker class and low information voters against the working and middle class.
it is but they’re kicking and screaming like little babies about it. all they have left is ridicule and derision and when that doesn’t work...epiplectic appoplexy.
ping
Realignments occur at roughly 80 year intervals...the previous realignment brought FDR.
The left still has the education, tech, media, Fed alphabet agencies, and the government of many blue states and cities.
I like this article, but please no overconfidence.
Dems are going to make sure every illegal is registered to vote.
The dead will vote as usual.
Fake ballots will be added as needed.
Yeah, eating their lunch…sheesh.
Unicorn poop.
The Pandemic exacerbated the challenged that the left wing bases of US politics.
1. Work From Home - suddenly the office buildings across the country emptied out to almost nobody and the greatest experiment on remote v in-person working began. The amount of data now available on this in companies, schools, and institutions of all kinds is huge.
2. The central business districts had a huge short term collapse in the revenues of service providers & big city tax revenues. This was alarming to them, but just a warmup.
3. Businesses and workers have gotten used to this adjustment. No longer were employers limited to just their local geography to find candidates. They have the whole world now. For a metroplex like Chicagoland with 8 million that increases their pool by over 1000x. We actually the pool increase has been just 40x for now, but I’ll get to that 1000x later. There have been many other benefits. But also drawbacks.
4. One of the first areas where the battle of InPerson v Remote caused battles was in the schools, particularly K-12 but especially K-3. The places that put the interests of government public servants & their unions first stayed remote much more than those who put kids first. Regardless of what anyone thinks on this topic we can all agree that it left us lots of data on both ways that will be well analyzed in the decades to come.
5. The big cities have been the first to wake up to how this new Normal of Hybrid or 100% Remote has hit their tax bases hard. In the suburbs this pain hasn’t been the same since higher home prices & people shopping/dining closer to home & not spending as much on commuting has been a wash for them. Thus it’s the big cities pushing hardest to get everyone back into the office.
6. Laptops, wireless, etc infrastructure make it easy for people to be mobile in the office on where they sit and work. Suppose you have a company with 1000 people in your 250,000 sf on 5 floors. If you are going to be 60% in-office and 40% remote then you can much more easily cut the number of workspaces and floors you need from 5 to 3 and even less. That’s a lot of people who won’t be paying for downtown parking, lunches, and other expenses every day. And the office revenues will continue to slide down as companies right size their space. If 3 days/week means that too many people are in the office then companies know they can very quickly adjust people to coming in 0-2 times per week. This is why we see that even as people come back to the office that office space vacancies continue to rise. Companies are reducing their office footprints steadily to be more efficient and less wasted space.
7. Commercial real estate is the lifeblood of municipal government revenues. The property taxes, parking & other sales taxes, and other fees are getting decimated and this trend will continue. It will take a very long time for these cities to recover. This 50% drop in revenues that many will see is the new normal.
8. Wages to do the same work in other countries are much lower. The barriers to having domestic vs international laborers doing the jobs that have had any significant amount of “Work from Home” aspect are subject to this scrutiny. Earlier I mentioned the word Data and that’s where Data comes in. There is lots of data now and it’s here that it’s going to be analyzed and adopted. Even if the US turned into a complete island where all imports/exports and internet connectivity were shut off this will still happen globally. Every type of job duty imaginable where any portion of it can be done remotely is going to be studied for how to lower costs so business units can be more efficient and profitable.
Let’s consider 2 scenarios:
A. A company has 20 accountants doing GL/AR/AP processing in an office where they work 20% remote and 80% on-site. Everyone is getting new desks/monitors across the hall but now it’s just 12 desks & everyone is told to adjust to 60% on-site and some even less to make sure there are enough desks. Nobody has their own desk as that is not needed. Then the duties done are analyzed on what needs to be in-persom vs remote. The labor/support costs are 90/hour for these 20 + 10/hour for office space of each cube farm cube let during prime hours. The duties get divided up on what needs to be in-person vs what is all done remote. Instead of having 20 people doing 40% remote you can have 12 do 100% on-site, 8 100% remote, and switch those 8 slots to be globally outsourced at 30/hour or less to 2 different companies getting 4 slots each. Don’t forget to have HR contact the other 8 for their pink slip Zoom calls once they get settled in to 100% remote and the offshore team is in place to replace them effectively.
B. You have a public school full of Woke/DEI indoctrination but not much reading/writing learning happening. Their tax bases has been decimated and the desperate superintendent must cut costs. Duties of quiz/test proctoring, quiz/test preparation/grading, in-person mentoring, in-person instruction, remote OK instruction have been well-analyzed. They discover that 50% of the instruction and quiz/test preparation/grading can be done remotely. Half of the teachers get fired, substitute teachers brought in to be proctors for remote teachers & eventually its 4-5 classes of students per proctor on half of the classes.
9. Fasten your seat belts. American wages and the tax bases of federal, state, and local governments are going to be decimated in the decades ahead, especially in the big cities.