Fernando Moraes

Biden’s DOJ literally sued to stop the merger

BREAKING: The S&P 500 closes at its highest level on record, now up +14.5% since the March 30th bottom. That's +$8.3 TRILLION in market cap in 24 trading days.

A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses. I’ll explain for the economically illiterate. Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add: - 12.07% holiday - Sick pay - Maternity pay if and when required - National insurance - Pension contributions These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up. Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t. Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics. Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs. There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay. So alas, I don’t need the stress, the business would close, a number of jobs would be lost. Economics is about understanding these dynamics, no vibes. The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.

I hear people say this and it is so sad man. Smart people say stuff like “oh I’d never want a boy. I have to teach them to not be a violent predator.” This framing is fundamentally antagonistic to half the population and a huge problem in society.

"How do you split rent with your girlfriend?" Please come on my podcast, Money For Couples

I truly do not understand this point of view. Study after study says you need at least 150k *for a single person* to live comfortably in NYC. why fetishize shitty pay? so many leftists are Calvinists at heart