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Is Your Rent Too Expensive?
Price Increases Everywhere, USA Losing Allies And The Housing Crisis Continues...
Economic Ninja
June 14, 2024
The Daily Ninja 6/14/24
Updates From The Economic Ninja
(6/13/2024)
🍔 In-N-Out's decision to raise prices sparks debate on the impact of minimum wage on businesses.
🍔 Employees at In-N-Out are unbelievably happy, energetic, and hardworking, making around $100,000 as managers.
🍔 The price increase was necessary to maintain quality standards and retain good employees in California.
💰 In-N-Out's starting wages in California range from $22 to $23 an hour, slightly higher than the mandated minimum wage, sparking a debate on fair compensation for restaurant workers.
🍔 Despite high pay, some employees are leaving California to work at other In-N-Out locations.
🍔 Competition for employees is driving up prices not just at fast food joints, but also at retail stores and other restaurants in the area.
💼 Companies will have a hard time attracting good talent without paying more, leading to further inflation.
(6/13/2024)
💸 Saudi Arabia and China are joining forces for a linked digital currency, signaling a major shift in the global financial landscape.
🌍 A shift away from the US dollar is happening in real time and investors must be ready.
💸 The value of the dollar is about to plummet, and it's already happening, causing prices to go up and the dollar to be worth less.
🌍 China and Russia's plan to complete oil trades in Chinese Yuan, along with Saudi Arabia, indicates a significant shift away from the US government's influence in global oil trading.
💰 China and Russia planned a coordinated attack on the dollar back in 2015, and it's happening right now.
💸 China and Saudi Arabia's plans will lead to a decrease in the need for dollars, causing a major shift in the global economy.
💸 A pre-planned collapse is coming to force everyone onto digital currency, like a "good drug dealer" giving the first hit for free.
💰 The digital dollar existed and was ready for bank-to-bank transfers in the United States in 2017, but it's different from the digital currency project with China and Saudi Arabia.
(6/13/2024)
📉 Increased rental rates causing widespread evictions.
💸 More than half of the US workers cannot afford to rent a one-bedroom apartment while only working one full-time job.
💸 Rising rent prices push record number of Americans towards housing crisis, prompting legislative action.
🏠 Half of full-time workers making up to $33 an hour can't afford a one-bedroom rental.
💸 Eviction lab tracks the impact of the covid-19 pandemic and associated policies on eviction filings since March 2020.
Daily small steps leads to big long term progress. Keep Crushing It!
-Ninja Out
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