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Chipotle stock craters as company says young people without jobs can't afford their food anymore
(finance.yahoo.com)
this post was submitted on 31 Oct 2025
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higher wages are not the solution; universal basic income is. higher wages just mean it's even more difficult for companies to higher employees, which means there will be fewer jobs overall. also, you're excluding people who are unable to work that way.
Higher wages also just translates to higher rent for their landlords.
Shame poor people can't connect these dots, but that's why we are where we are.
that's just factually not true. i'll explain it slowly so you can follow:
rent is determined by two things: cost of construction and profit of the landlord.
cost of construction is more or less constant and wouldn't change if people have more money to spend. profit of the landlord is subject to the free market, i.e. if renting out apartments becomes overly attractive (as in, landlords make more money with it), then new people will enter the market to also become landlords and rent out apartments. since these landlords are all competing against each other, they try to be more attractive to potential customers by lowering their rent, which means lowering their own profit. that's how the free market works.
Yeah, you're an actual idiot.
Keep being taken advantage of accordingly.