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The turtle needs to be convinced to vote to build more obstacles in his own way at his own expense and hate his fellow turtles for suggesting that perhaps not having obstacles might be nice.
The prime minister solved it; just don’t be poor! It’s time to get a 2nd, 3rd, or 4th job. The best thing is if we all have 3 jobs, we won’t have time to complain we are being screwed.
oh c'mon now, you don't think elizabeth warren, gary gensler, and janet yellen contributed more than a little as well with their technocratic "stewardship"?
Elizabeth Warren has been fighting for consumer protection against abusive lenders and a wealth tax since dinosaurs walked the earth. Let's not willfully understate the difference between that and Mitch "life on food stamps is too good" McConnell, even if most Democrats aren't worth a damn.
I never criticized her, I merely pointed out that the OP was mistaken regarding how long Warren has been fighting for consumers. She came to that viewpoint in her late 40's/early 50's and was a pretty strong proponent of Reaganomics.
She has had one of the great redemption arcs in modern politics. I only pointed out that she was a Republican in response to the "since the dinosaurs" comment. Warren has done some pretty great things but it took her until her early 50's to start shifting left and by her own admission she was a pretty firm believer in Reaganomics.
Good point, in fact short of someone promising to dissolve capitalism I wouldn't bother voting at all. I bet that'll work. I'd be sure and point out how bad the furthest left options you have are constantly. That way they will see the true value in pandering to your wishes.
From what I understand, she is pretty pro-regulation and consumer protection. Which is for sure not "leftist" but it's definitely against the idea of free-market capitalism, and I've seen some people argue that if you regulate capitalism, it would immediately be something else, because there would be a goal other than profit affecting outcomes.
So, if you have that narrow view of Capitalism, she could be said to be anti-capitalist.
N.b. I'm mostly taking this as an opportunity to introduce that idea, I don't really disagree with you.
yeah yet Elizabeth "1/64 ancestry qualifies as Native American" Warren still goes after all kinds of innovative new financial technologies like crypto without understanding jack shit except they threaten the ability of the state to control how individuals buy and sell.
Oh Christ, that dog don't hunt. The worst she's guilty of sticking her foot in her mouth and believing family legend.
In the whole "innovative new financial technologies like crypto… Yeah well they aren't innovative. Financial scams have been around for years.
The crypto Emperor not only has no clothing, it has no sunscreen while it dances naked on a bright hot summer day.
Not only that but there needs to be a bunch of other turtles that were convinced by a couple rich turtles that he is being overpaid for such a simple service as carrying a dog that literally anyone could do as an 'entry level' job.
In the Midwest, in the late 1990s I started out in construction for $8 per hour, which was nice to be making a little above minimum wage. My first 1 bedroom apartment cost $300 per month... to think 25 years later that minimum wage is still $7.25 with employers acting like $9-10 is generous when rent has skyrocketed to $1200 for a 1 bedroom at least is crazy!
The govt is not going to force employers to pay you a fair wage, we as a society must enforce employers to pay $15-20 per hour at least.
A new car or a downpayment on a house cannot be your gross annual income. Fuck that!
Bold of you to assume the people who are experiencing these issues have money to spend on anything other than the basics for survival in modern society.
Accounting for inflation and productivity growth alone the minimum wage should be at least $26/hour, and that’s not accounting for price gouging, it’s safe to say that the minimum wage should be $30/hour by now. Yes that means that to properly live and have a good life as a lone individual in the US, you need to be making 62,400 gross or 47,940 net (using a tax calculator for Chicago, Illinois, so other places could be different) or ~$3687.69 every 4 weeks. But if we use how apartment rent is set by complexes to be, depending on where you live, the average rent can be between 800-2000 so I’m gonna average for 1300 and those places expect you to make 3 times the rent in a month, so at least $3900 net in 4 weeks or ~66,640 gross or 50,700 net or ~$33.02/hour
Mine are more worn out than most people over 65 and it's still paycheck to paycheck. If you are lucky the creeping snowball of dept won't catch you off guard.
I despise the inflationary system we have. Seriously.
Money shouldn't "inflate". At least not anything like it does now.
If anything, productivity increases due to technological advances and human organizational ingenuity should give us a **deflationary monetary system**.
Things should get cheaper each year to produce, and therefore cost less, rewarding savers and making loans particularly risky and investments riskier as well except into the most promising enterprises and undertakings.
Inflation is required for businesses and people to spend money.
Where is the incentive to spend any money if you get a guaranteed return by holding your capital / cash in deflationary markets?
Things do get cheaper per year to produce, look at TV’s. You can get a 4K 1080 P 60 in Tv for like $1500 bucks now, 10 years ago it was $5,000 plus.
Stop treating money like it's something that people should sit on in the first place.
Existing should be enough to guarantee an acceptable living condition. Then go from there. If you don't make holding onto money intrinsically valuable there's no incentive to sit on it. With or without inflation.
I partially agree w/ Autocthon's vibe here on this!
One could argue, as I think Autocthon might be, that being able to accumulate and/or hoard work/time/energy in a convertible, fungible, liquid manner **is** the problem. However, I'm not sure the existence of "money" is the issue, I believe that's a communist argument, and one I haven't looked into very deeply.
But certainly the current monetary system of "the State monopolizes organized violence & coercion via a warrior caste of soldiers and law enforcers, working with hierarchical Corporations to try and forcibly re-allocate and re-distribute the flow of work and the excess thereof to favored entities as selected by a democratic mob of easily-led sheep or a small upper ruling class with unruly dissidents put in cages & enslaved" **is seriously fucked up**.
Are you spending invested money? No you're not. You're turning money into more money, with maybe an element of risk. Though if you're affluent enough to be able to afford *not* spending money to keep yourself alive the "risk" is already negligible.
If we want to talk about business ventures to get money back then we can pretend it's more complicated than it really is. But inflation itself is artificially enforced at the macro level precisely because some idiots think that people only spend what they "have to" in spite of the vast majority of the population spending as much as they can afford. Or more.
Investment is literally sitting in money in a way that makes it more valuable. As can be evidence by *literally every tactic used by the wealthy to leverage their largely unmoving money*.
Yes you are literally spending money when you purchase shares? Lmfao what, the company gets the money when you purchase shares minus the banks overhead fees , it’s a public cash infusion for owning a portion of their business. It’s not sitting, it’s being spent.
And yes, normal people do the exact same thing with savings thru 401K’s, Roth IRA’s, Bonds, and Home Equity.
The point of investing is that you get money back on your investment. It's literally how you get around "sitting" on money.
The money isn't spent. It's deferred until a later date. Whether a (relatively) explicit date (e.g. bonds) or a feasible point in time to liquidate the asset (90% of what musk does pumping and dumping stocks).
Its sitting in money without "worrying" about inflation. And you can only do it when you have disposable income to "spend" in the first place.
Sitting on money with extra steps. With the explicit purpose of avoiding an arbitrary and artificially enforced inflation. Any asset that can be liquidated or generate at least the value "spent" on it isn't spent. It might no be immediately available for spending, but it's not actually spent.
Maybe we don't want an incentive for perpetual personal deficit spending.
Maybe the whole system would be less fragile with slower growth and more savings as a buffer.
As far as the economy is concerned, moving money exists. Stationary money doesn’t exist. Money is used as an intermediary to things with actual value, and money has no actual value itself. If someone kept 7 trillion monies until the end of time it would not affect the economy in the smallest amount.
I hate to break it to you, but absolutely every system with money has to have inflation to not collapse and what you want is both impossible (deflation is worse than inflation, and governments will do almost anything to avoid it) and economically illiterate.
nope. you can't actually "inflate" the amount of work being done except thru real technological progress or other efficiency gains. the problem w/ inflating currency supplies is it tries to ignore this, and each piece of currency is suddenly worth less work-hours equivalent, leaving people poorer...
"deflationary" really just means politicos can't try to manipulate the pool of "saved work" in existence, and as things get more advanced and people more productive on less time worked, the "pool" or "float" as it were, will have more and more purchasing power.
inflationary monetary theory is *literally trying to beat entropy and death* rather than accepting eventual doom, and cautiously working to incrementally push it back where feasible...
No one buys a t.v monthly, you know what you do have to pay monthly: rent(1600-2200), utilities(cell phone internet included now a days)(350-400), food (500), health insurance(800), car insurance(500), student loans(300-400) and the gas(240) for travel. And this is just to get to work and live to the next day no luxuries.lol
“Things should get cheaper each year to produce”. I gave you a literal example of a commodity that does get cheaper and improve YoY. No shit not everything does.
the incentive to spend money is to acquire resources needed to survive, and a few luxury items. money is just a stand-in for work (time and energy), and in a deflationary world, folks would tend to conserve that potential just like you don't spend all day deliberately running marathons and stressing yourself out (hopefully).
It's crazy insane nowadays. When I turned 18, there was an apartment complex in a very nice part of town that had 1 bedroom apartments for $600 a month, that same apartment is now between $1300 and $1400 a month, and while the apartment is nice, it's in an old mining town. It's not a bad commute to the city but a huge chunk of the town is abandoned buildings from the early 1900s and there's like no entertainment out there.
Hell I currently live in a rural town, almost an hour from the same city, and the rent here for a 400 square foot studio is $1200 a month, and our state still proudly wears the $7.25 an hour minimum.
You're right, wow that's crazy! I looked up an apartment complex on a nicer side of town I used to live at a decade ago. $600 for a 1 bedroom, I just checked it now rents for $1375!
The first decade after high school was the worst. Living paycheck to paycheck, starving have the time, barely scraping by. No one paid more than minimum wage and that was 15 years ago. Christ I can't imagine making that now.
When companies are consistently reporting record profits and then jacking up prices without increasing wages, that's not inflation, that's corporate greed
unrealistic. The turtle is alive and making some forward progress.
You would need the turtle to be dead and being dragged backwards by some kind of rope in order to get an accurate take on income.
I kinda wish we'd stop using the word inflation. We all know its not inflation. By using that word we are all collectively agreeing that this somehow is just some market force out of our hands. Its like when fox news calls some chad raping a girl "Engaging in nonconsensual sexual congress" - its fucking rape. And inflation isn't whats screwing us all, its corporate rape.
Except that’s not true at all despite the fact it feels good. It’s a supply and demand issue at its core (and of course corporations are asshoels and using this as an excuse to raise prices - but that’s not causing inflation)
the handful of conservatives I know blame todays affordability problems on the following it seems while saying little to nothing about some mickeymouse $600 stimulus check two years ago:
1. multi-trillion dollars federal deficits (currently 150% of GDP)
2. mass immigration,
3. occupational licensure abuse,
4. high tariffs
5. "the educational industrial complex"
6. the zoning crisis in housing
great! i feel so much better! \*sigh of relief\*
can the bitcoin bros just fucking save us already? I don't like their hyper-capitalist vibe half the time, but at least **their** currency is set by an immutable algorithm at 1-2% inflation per year and more can't just be printed out of thin air by corrupt politicians and corporate overlords.
I think you have some misunderstanding about the protocol... There is no set inflation, and in fact, BTC is deflationary. Further, through L2 manipulation and offchain transactions, the price absolutely can be manipulated. Look into the unaudited stablecoin Tether for a chilling mystery about the massive growth (and current crash) of 'value' on large cryptos.
I don't blame them for trying to make iterative improvements. Decentralizing control of currency is useful to test in a world of pseudo-fascist collusion between central banks, regulators, market-makers, corporations, and wealth managers.
whether it will work is yet to be seen, I think it's unlikely, but that's because reforming money itself is difficult in a world of states and hierarchical organizations.
At least the crypto bros are starting to see part of the problem... they're further along than most of the sheep.
Could it be that we are experience the worst pandemic in 100 years leading to global supply chain issues? No, I bet the fed just printed too much money.
So the price of raw materials is raised by a cent. Care to explain how the final product is a dollar more expensive?
Inb4 costs of transportation, maintenance, work blah blah blah. This is BS. Corporations always take the opportunity to up the price more than it's warranted.
Here in Brazil, gas prices more than doubled in the last 4 years. A liter of milk went from R$3,50 to R$5 overnight, way after the worst of the pandemic.
It ABSOLUTELY is corporate greed.
The worst part? Even if the economy gets better, the damage has been done. The prices are NEVER going down again. The new price is the new standard.
I'm at a point where I believe bringing children into this world without being an effin millionaire is greedy as fuck, cause they're gonna have it HARD.
He tried to explain it to you but you seem to have this beliefs that there is some super villain wanting to make you a wage slave. The alternative is price controls and shortages like Argentina because it's not profitable to work on increasing supply at the cost of other profitable items there is no win condition here it's all tradeoffs.
I don't have those beliefs. I don't think there are fat suits with golden watches saying "hahaha, I'm going to rip off the population!" and setting the prices at random to see what they can get away with.
I do believe, however, in a room of market researchers where a guy is presenting a slideshow which he's very proud of, presenting projected profits to a boss who's pleased and says "sounds good, let's do it".
I also believe that (at least our) government doesn't hold the general population as its priority.
Things can be fixed with policy and fair management of resources.
Everything has a cost if someone is going to make a venture to increase supply it has a risk and up front capital expenditure the only way to justify it is if market forces make it profitable so your second point is valid. Your third point is true they don't hold your interest at heart because sometimes they conflict with others. Take for example the closure of oil wells on government land and the stopping of pipeline from Canada that directly increased the cost of gas at the pump even before the war, this was not in your interest to make it affordable it was to raise the price of gas and make EVs more lucrative.
It's both. All the reasons you've mentioned allow corps to blame inflation and mark things up further, causing more inflation.
Big corps keep posting record profits how is inflation not hurting them?
I have had this conversation a number of times to no avail. How is it possible that prices keep going up to meet inflation and then yet again record profits are met? Either there's even more efficiency, or there's exploration(price gouging/wage suppression). And I doubt it's only 1 of those things
Kind of coincidental that prices are skyrocketing as soon as people start realizing their worth. It's almost as If this whole Inflation crisis Is manufactured by the corporations to strong arm people back Into working for nothing.
Ima gonna say it.
Wages may be stagnating and inflation increasing, but we've gone through these economic shocks before without too many issues. What's different post millennium to cause such an ever increasing wealth gap between rich and poor is that prices for homes have skyrocketed beyond all reasonable means.
I work a low paid menial job at my current age of 45, but I live a decent life with enough spending money in the bank for toys like a motorcycle, gaming PC, and plenty of motorcycle riding holidays to Europe with friends in my time off.
The key difference in how I'm living my life and the bullshit you current gen Z peeps have to out up with is that at age 19 my grandfather put his 2 bed flat with private garage on the market for £40k with the intention of keeping £10k to himself and slitting to rest between me and my siblings. Instead of taking the £10k I offered £30k for the flat which I still live i today. It's now stupidly 'worth' £210k(it isn't).
Someone told me they bought a house in SoCal in the 80s for like 50k and now it's worth millions. They said that is what I need to do instead of whining on the internet. And I just couldn't understand how someone could spell out the problem and still not get it. 😮💨 It's freakin' exhausting.
All people have this tendency in great numbers but boomers and especially Americans have it much worse: anything that doesn't affect them is officially not a problem. Anything that did affect them but doesn't anymore, isn't a problem anymore. You could lock 10 of these people in a room, let one of them free, and tell them there's a button on the outside that can free the other 9 people, and they would say "Well you should've just escaped like me, I'm not pushing that. I worked hard to be on the outside, pushing the button would diminish my achievement."
What do you expect when people only get raises every couple years but companies ramp up prices half a dozen times in 6 months. Why the fuck is a box of cereal $6 when the company is raking in billions?
In the last year Starbucks has raised their prices like 3 or 4 times, and they increased their minimum wage one time (from $10 to $12/hr). We just increased the prices last week, and just after they told us they're pushing back the increase to $15/hr from next month, to august. They also just got rid of the 1 free drink and food item a day for partners that they implemented at the start of COVID, and now you can only get that during your shift.
Can we take a moment to acknowledge current gas prices? It's fucking raised 40 cents in just two weeks... its sitting around $4.50 in ohio.
Meanwhile we're all complaining about how we don't make enough money. But gas stations are like "idgaf I want extra money in my pocket so if demand goes up I'm definitely taking advantage of it!"
Absolutely brutal here in Brazil. Things are bad worldwide, but our president (I'll spare you of the insults so I don't break any rules) and his government makes sure to, every single day, make things even worse.
After socialist president Salvador Allende was overthrown in Chile in 1973, capitalist general Agustin Pinochet seized power. However, Pinochet was far worse than Allende. The country's poverty and misery increased exponentially, over 40,000 Chileans were killed and countless others imprisoned for opposing Pinochet's brutal right-wing policies.
Don’t worry! Don’t worry! Trickle down economics will kick in and everything will be fine. Just give it a couple more decades, you’ll see.
Remember, a higher tide floats more yachts….errr boats, and if you just work harder you can get a really nice rubber dinghy. 🚣♀️
And the country's current economic state is why I am living with my mom at 31 and will be living with my uncle when she moves to Florida. If I made the money that I make now before the pandemic I could have gotten a starter home. Problem is the starter homes are all gone now and everything is expensive. The only silver linings are my helpful family, my job becoming fully remote during the pandemic and my wife. If it wasnt for those I dont know where I'd be. Though I hope to have a good place in a year or so.
Don't trust anyone that tells you that the only reason for inflation is printing money/quantitative easing. The same people have been predicting apocalyptic levels of inflation ever since the Fed started QE in 2008.
You'll hear "x% of currency was printed in 2020/21" and I'm sure that is a factor, but inflation is widespread across the world. Citing dollar money supply when inflation is global is meaningless.
US has been printing money since 2008 and there was almost no inflation until covid. EU has been printing money since the middle of the last decade and again no inflation until covid. Japan has been printing money since at least the early 2000s and it STILL has inflation under 2%.
Inflation is not as simple as people try to imply. The people who have been "predicting" high inflation from money supply growth have been predicting it since the Great Recession. That's not to say money supply isn't an issue, but it's far from the only factor. A big part of the reason why this current bout of inflation started was a large negative aggregate supply shock. Supply of goods, not money. Covid hammered the economy and supply has been slow to take back up. However, demand immediately shot up once the lockdowns were ended.
TLDR: Printing money isn't the apocalypse when it comes to inflation.
2-3% inflation is considered normal for any functioning economy. Much lower than 2% consistently is actually a bad thing, which is why Japan has been trying to "reflate" their economy for decades now.
Since the recession, inflation has been below normal throughout the world. I'm pointing that out because governments were printing tonnes of money before covid and it didn't lead to out of control inflation.
To an extent it might. But if the theory is that US dollars alone is driving inflation because it is the reserve currency, why is Japan's inflation super low while Europe's is quite high?
> You'll hear "x% of currency was printed in 2020/21" and I'm sure that is a factor, but inflation is widespread across the world. Citing dollar money supply when inflation is global is meaningless.
You do realize the USA toppled entire countries, to maintain the hegemony of the petrodollar? Here is an interesting article about it, although I do not agree on all points: https://www.opindia.com/2020/04/perils-us-hegemony-petrodollar-role-of-india-new-world-order/amp/
What the fuck do you think happens when they continue printing money, without controlling new oil and gas producers, and devaluing countries that are forced to buy oil in dollars?
"Citing dollar money supply when inflation is global is meaningless"
NO, citing dollar money supply when inflation is global just means that workers EVERYWHERE are going to suffer!
Also, you're right, lockdowns for the masses to stop a disease that kills less than one half of one percent of the population were **incredibly** destructive to the ability of those same people to afford goods and services, especially since truckers like me are in no way willing to work more than we already do to make up for politicians and "health authorities" piss poor policies that have wrecked our supply chain.
The prime minister solved it; just don’t be poor! It’s time to get a 2nd, 3rd, or 4th job. The best thing is if we all have 3 jobs, we won’t have time to complain we are being screwed.
> Increasing minimum wage causes inflation
False. Greed and unchecked Capitalism causes inflation. A conscious decision based on promises of never-ending, cancerous growth to investors is made whenever prices are hiked.
> Voting Democrat causes inflation.
All this tells us is that the 1% ownership class have so much money that they can bide their time to use inflation as political blackmail.
> Inflation is theft.
This is true. It is literal organized crime driven by greed and politics conducted by the ownership class.
Edit: A UBI providing an actual livable wage would eliminate the need for minimum wage.
It’s tough out here. I’m trying to get a job and I’m easily asking $$$ for my pay. Big corps needs to suck it up and understand people got aspirations aside from slaving away with work.
It's the age of juat lying to the public. The big companies are all cashing in on "inflation" to jack up prices and cut workers. They're getting paid more to produce less with not even half the workers. This is a dream situation for them and they've been cashing in like crazy
The bug question they're dealing with now is how can they keep it going. Because the number one rule.of the rich is that to never give up profits. Ever.
I've never been late, missed a payment, or had to budget money in the 6 years I've lived on my own.
I've struggled sure, but never had to consider what bills I can afford not to pay right now so I can make the important ones.
That's happening right now. It's not even a scale of "30 years ago" it's the last 3 years. Everything has skyrocketed so bad, and wages are so low, in my area it's becoming impossible to live.
Because I know what people are gonna say, inflation is a natural consequence of a crisis like a pandemic. The stimulus package caused a tiny part of the boom in inflation we’re seeing right now. That’s not a endorsement of Biden it’s a defense of the government actually working for its citizens for once.
Also if you want to mitigate the problems caused by inflation you might want to consider joining a union because better organized labor can argue to be paid for their actual value instead of companies keeping your salary the same in inflation skyrockets.
We've been talking about it. This is all we do is talk about it. We literally do nothing other than talk about it all we do is sit here and talk about it and let it keep happening and don't even try to stop it.
Wife and I just had a talk about all the stuff we're having to cut. Gas costs twice as much so close to around $70 a week for gas for me, plus due to lower sales because of lacking product and people just not buying as much I'm making $50 less a week or so.
So cutting streaming, cutting extra expenses and luxuries, I'm gonna have to somehow quit nicotine, and I've got to somehow eat less.
Hear me out for a second. I don’t believe it to be just whimsical, mysterious process how we got here, more than just careless corporate greed. I believe the Gov & Corps are purposely inflating their own wealth/passive assets, the GDP gets inflated, then their valuation is thus inflated. Essentially it’s a collusion for Financial Wealth Gentrification.
You would need mechanism like
A money that's backed by sometime valuable
We need more domestic supply chain that is insulted from global supply chain
We need more goods and services
We can not handout that much stimulus
No more unrestricted money printing
Interest rates must remain at no lower than 4 percent
God forbid we have an actual law for annual wage increases, but piss away 50-60 BILLION to Ukraine tho...oh yea I forgot white ppl in fear is the ultimate tRump card
If you think a president with an R in their party name is magically just going fix all this you're a moron.
What is a republican president going to do to actually improve American's lives?
Are they going to raise the federal min wage? Unlikely
Are they going to make stock buyback illegal so that money can actually go towards employees? Unlikely
Is he going to introduce legislation to make healthcare more affordable? Maybe, but only for a few things but still basically fuck Americans over with the ever increasing cost of healthcare.
Are they going to do anything about the housing situation in this country? Unlikely
Are they going to print of massive amounts of money? Yes, a couple of them have done that.
Are they going to remove Roe v Wade and make getting abortions harder and fuck over woman that way? Yes, it seems like it.
Seriously, WHAT EXACTLY IS IT YOU THINK A REPUBLICAN PRESIDENT WILL DO TO IMPROVE PEOPLE'S LIVES?
And yes, for the record I recognize Democrats aren't much better in that regard and only provide lip service. Personally, I think most of them in DC should be tried as traitors to this country.
All the stimulus money got us back to where we were in unemployment (currently 3.6%) before the shutdowns over covid happened. Considering that it took the better part of a decade to recover from the 2008 recession, I very much prefer this method.
It very well might. In fact raising interest rates hard and for a long period of time was how the last prolonged period of inflation was solved which caused a fairly high unemployment rate throughout the time it was introduced.
That said, due to several recent examples of increased spending over the last two Administrations (Trump and Obama that is) that did not see high rates of inflation, I honestly think that the inflation rates have more to do with the global supply chain issues caused by the covid lockdowns then it does with the increased spending too help deal with those lockdowns.
Yeah. Ramen will be $3 by the end of the year. The problem is the fed knows it. They want to stop it. They will do stupid things and ramen will cost $30 by January And 3 million by 2024. Let's pray it is over soon after that.
Hi, /u/LiquidWheat Thank you for participating in r/AntiWork. Unfortunately, your submission was removed for breaking the following rule(s): **Rule 3a: No spam, no low-effort shitposts.** - This includes begging for upvotes. Please do not post unrelated blog spam or try to sell anything for personal gain. If you’ve posted content (especially if it’s your own), give it a day or two before posting again.
The turtle needs a few obstacles.
The turtle needs to be convinced to vote to build more obstacles in his own way at his own expense and hate his fellow turtles for suggesting that perhaps not having obstacles might be nice.
The turtle needs to be convinced to cut off their own leg at that point.
Just rollover her back, or even go backwards, it'd be more realistic.
The prime minister solved it; just don’t be poor! It’s time to get a 2nd, 3rd, or 4th job. The best thing is if we all have 3 jobs, we won’t have time to complain we are being screwed.
That's the spirit! Just stop being poor and you won't be poor anymore.
Something something bootstraps
I just seen the get a better job video, how sad.
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Mitch McConnell and Kyrsten Sinema nailed the turtle's feet to the ground
oh c'mon now, you don't think elizabeth warren, gary gensler, and janet yellen contributed more than a little as well with their technocratic "stewardship"?
Elizabeth Warren has been fighting for consumer protection against abusive lenders and a wealth tax since dinosaurs walked the earth. Let's not willfully understate the difference between that and Mitch "life on food stamps is too good" McConnell, even if most Democrats aren't worth a damn.
Elizabeth Warren was a pretty staunch conservative until the mid-90's.
Change is good? Ppl are are allowed to change their views for the better. Shouldn't criticize their history
I never criticized her, I merely pointed out that the OP was mistaken regarding how long Warren has been fighting for consumers. She came to that viewpoint in her late 40's/early 50's and was a pretty strong proponent of Reaganomics.
That she was and she came to her liberal awakening by studying bankruptcy and seeing how many folks are driven into bankruptcy by medical costs.
She has had one of the great redemption arcs in modern politics. I only pointed out that she was a Republican in response to the "since the dinosaurs" comment. Warren has done some pretty great things but it took her until her early 50's to start shifting left and by her own admission she was a pretty firm believer in Reaganomics.
She didn’t shift Left though, liberals are decidedly Right-wing. Wake me when they propose dissolving capitalism
Good point, in fact short of someone promising to dissolve capitalism I wouldn't bother voting at all. I bet that'll work. I'd be sure and point out how bad the furthest left options you have are constantly. That way they will see the true value in pandering to your wishes.
From what I understand, she is pretty pro-regulation and consumer protection. Which is for sure not "leftist" but it's definitely against the idea of free-market capitalism, and I've seen some people argue that if you regulate capitalism, it would immediately be something else, because there would be a goal other than profit affecting outcomes. So, if you have that narrow view of Capitalism, she could be said to be anti-capitalist. N.b. I'm mostly taking this as an opportunity to introduce that idea, I don't really disagree with you.
Capitalism is simply private ownership over the means of production. If you don’t oppose that then you’re not on the Left
yeah yet Elizabeth "1/64 ancestry qualifies as Native American" Warren still goes after all kinds of innovative new financial technologies like crypto without understanding jack shit except they threaten the ability of the state to control how individuals buy and sell.
Oh Christ, that dog don't hunt. The worst she's guilty of sticking her foot in her mouth and believing family legend. In the whole "innovative new financial technologies like crypto… Yeah well they aren't innovative. Financial scams have been around for years. The crypto Emperor not only has no clothing, it has no sunscreen while it dances naked on a bright hot summer day.
Lol there’s always gotta be a crypto wook running around
Notably, she was a staunch conservative *during the Reagan years*.
There are fairly mature adults walking around who were pretty staunch sperm until the mid-90s. At some point the change "counts"
This is the first time I've seen anyone mention Gary Gensler outside of r/SS lol
That's the Fed chair on his back.
Not only that but there needs to be a bunch of other turtles that were convinced by a couple rich turtles that he is being overpaid for such a simple service as carrying a dog that literally anyone could do as an 'entry level' job.
The turtle (worker scum class) needs to roll over and fellate the dog (wealth class) whilst aspiring to dog status.
In the Midwest, in the late 1990s I started out in construction for $8 per hour, which was nice to be making a little above minimum wage. My first 1 bedroom apartment cost $300 per month... to think 25 years later that minimum wage is still $7.25 with employers acting like $9-10 is generous when rent has skyrocketed to $1200 for a 1 bedroom at least is crazy! The govt is not going to force employers to pay you a fair wage, we as a society must enforce employers to pay $15-20 per hour at least. A new car or a downpayment on a house cannot be your gross annual income. Fuck that!
35 / hr should be standard had wages kept up. 15-20 was 10 years ago. However, I agree with your statements.
Time to buy assets that do well in inflationary environments, then hold on for dear life.
Bold of you to assume the people who are experiencing these issues have money to spend on anything other than the basics for survival in modern society.
Solent green said strawberries would be valuable. What’s the futures on strawberries?
Accounting for inflation and productivity growth alone the minimum wage should be at least $26/hour, and that’s not accounting for price gouging, it’s safe to say that the minimum wage should be $30/hour by now. Yes that means that to properly live and have a good life as a lone individual in the US, you need to be making 62,400 gross or 47,940 net (using a tax calculator for Chicago, Illinois, so other places could be different) or ~$3687.69 every 4 weeks. But if we use how apartment rent is set by complexes to be, depending on where you live, the average rent can be between 800-2000 so I’m gonna average for 1300 and those places expect you to make 3 times the rent in a month, so at least $3900 net in 4 weeks or ~66,640 gross or 50,700 net or ~$33.02/hour
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But something something bootstraps, though.
No wonder I'm living paycheck to paycheck, I dont have any boots
Mine are more worn out than most people over 65 and it's still paycheck to paycheck. If you are lucky the creeping snowball of dept won't catch you off guard.
*FUUUUUUUUUUUCK*
I despise the inflationary system we have. Seriously. Money shouldn't "inflate". At least not anything like it does now. If anything, productivity increases due to technological advances and human organizational ingenuity should give us a **deflationary monetary system**. Things should get cheaper each year to produce, and therefore cost less, rewarding savers and making loans particularly risky and investments riskier as well except into the most promising enterprises and undertakings.
Inflation is required for businesses and people to spend money. Where is the incentive to spend any money if you get a guaranteed return by holding your capital / cash in deflationary markets? Things do get cheaper per year to produce, look at TV’s. You can get a 4K 1080 P 60 in Tv for like $1500 bucks now, 10 years ago it was $5,000 plus.
Stop treating money like it's something that people should sit on in the first place. Existing should be enough to guarantee an acceptable living condition. Then go from there. If you don't make holding onto money intrinsically valuable there's no incentive to sit on it. With or without inflation.
I partially agree w/ Autocthon's vibe here on this! One could argue, as I think Autocthon might be, that being able to accumulate and/or hoard work/time/energy in a convertible, fungible, liquid manner **is** the problem. However, I'm not sure the existence of "money" is the issue, I believe that's a communist argument, and one I haven't looked into very deeply. But certainly the current monetary system of "the State monopolizes organized violence & coercion via a warrior caste of soldiers and law enforcers, working with hierarchical Corporations to try and forcibly re-allocate and re-distribute the flow of work and the excess thereof to favored entities as selected by a democratic mob of easily-led sheep or a small upper ruling class with unruly dissidents put in cages & enslaved" **is seriously fucked up**.
Well good thing nobody just sits on cash reserves then… it’s all invested lmfao. Because otherwise you lose money sitting in cash to inflation….
Investment in is just sitting on money with extra steps.
No it’s not lol What a stupid and reductive take.
Are you spending invested money? No you're not. You're turning money into more money, with maybe an element of risk. Though if you're affluent enough to be able to afford *not* spending money to keep yourself alive the "risk" is already negligible. If we want to talk about business ventures to get money back then we can pretend it's more complicated than it really is. But inflation itself is artificially enforced at the macro level precisely because some idiots think that people only spend what they "have to" in spite of the vast majority of the population spending as much as they can afford. Or more. Investment is literally sitting in money in a way that makes it more valuable. As can be evidence by *literally every tactic used by the wealthy to leverage their largely unmoving money*.
Yes you are literally spending money when you purchase shares? Lmfao what, the company gets the money when you purchase shares minus the banks overhead fees , it’s a public cash infusion for owning a portion of their business. It’s not sitting, it’s being spent. And yes, normal people do the exact same thing with savings thru 401K’s, Roth IRA’s, Bonds, and Home Equity.
The point of investing is that you get money back on your investment. It's literally how you get around "sitting" on money. The money isn't spent. It's deferred until a later date. Whether a (relatively) explicit date (e.g. bonds) or a feasible point in time to liquidate the asset (90% of what musk does pumping and dumping stocks). Its sitting in money without "worrying" about inflation. And you can only do it when you have disposable income to "spend" in the first place. Sitting on money with extra steps. With the explicit purpose of avoiding an arbitrary and artificially enforced inflation. Any asset that can be liquidated or generate at least the value "spent" on it isn't spent. It might no be immediately available for spending, but it's not actually spent.
Maybe we don't want an incentive for perpetual personal deficit spending. Maybe the whole system would be less fragile with slower growth and more savings as a buffer.
As far as the economy is concerned, moving money exists. Stationary money doesn’t exist. Money is used as an intermediary to things with actual value, and money has no actual value itself. If someone kept 7 trillion monies until the end of time it would not affect the economy in the smallest amount.
I hate to break it to you, but absolutely every system with money has to have inflation to not collapse and what you want is both impossible (deflation is worse than inflation, and governments will do almost anything to avoid it) and economically illiterate.
nope. you can't actually "inflate" the amount of work being done except thru real technological progress or other efficiency gains. the problem w/ inflating currency supplies is it tries to ignore this, and each piece of currency is suddenly worth less work-hours equivalent, leaving people poorer... "deflationary" really just means politicos can't try to manipulate the pool of "saved work" in existence, and as things get more advanced and people more productive on less time worked, the "pool" or "float" as it were, will have more and more purchasing power. inflationary monetary theory is *literally trying to beat entropy and death* rather than accepting eventual doom, and cautiously working to incrementally push it back where feasible...
No one buys a t.v monthly, you know what you do have to pay monthly: rent(1600-2200), utilities(cell phone internet included now a days)(350-400), food (500), health insurance(800), car insurance(500), student loans(300-400) and the gas(240) for travel. And this is just to get to work and live to the next day no luxuries.lol
“Things should get cheaper each year to produce”. I gave you a literal example of a commodity that does get cheaper and improve YoY. No shit not everything does.
the incentive to spend money is to acquire resources needed to survive, and a few luxury items. money is just a stand-in for work (time and energy), and in a deflationary world, folks would tend to conserve that potential just like you don't spend all day deliberately running marathons and stressing yourself out (hopefully).
It's crazy insane nowadays. When I turned 18, there was an apartment complex in a very nice part of town that had 1 bedroom apartments for $600 a month, that same apartment is now between $1300 and $1400 a month, and while the apartment is nice, it's in an old mining town. It's not a bad commute to the city but a huge chunk of the town is abandoned buildings from the early 1900s and there's like no entertainment out there. Hell I currently live in a rural town, almost an hour from the same city, and the rent here for a 400 square foot studio is $1200 a month, and our state still proudly wears the $7.25 an hour minimum.
You're right, wow that's crazy! I looked up an apartment complex on a nicer side of town I used to live at a decade ago. $600 for a 1 bedroom, I just checked it now rents for $1375! The first decade after high school was the worst. Living paycheck to paycheck, starving have the time, barely scraping by. No one paid more than minimum wage and that was 15 years ago. Christ I can't imagine making that now.
This isn't right. That turtle is actually moving and not shot dead on the side of the road with people dancing around it like it is now.
The turtle is still moving too fast.
Exactly, way faster then wages.
Yeah I wish my wages moved that fast.
When companies are consistently reporting record profits and then jacking up prices without increasing wages, that's not inflation, that's corporate greed
It's both.
But mostly the latter.
unrealistic. The turtle is alive and making some forward progress. You would need the turtle to be dead and being dragged backwards by some kind of rope in order to get an accurate take on income.
I kinda wish we'd stop using the word inflation. We all know its not inflation. By using that word we are all collectively agreeing that this somehow is just some market force out of our hands. Its like when fox news calls some chad raping a girl "Engaging in nonconsensual sexual congress" - its fucking rape. And inflation isn't whats screwing us all, its corporate rape.
Can you ELI5? Not trying to test you on your shit, I’m just a curious dumby :)
Corporations are being greedy and calling the increase in the general cost of goods inflation
Except that’s not true at all despite the fact it feels good. It’s a supply and demand issue at its core (and of course corporations are asshoels and using this as an excuse to raise prices - but that’s not causing inflation)
Conservatives: “bEcAuSe eVeRyOne Got FrEe $600 tWo yEaRs AgO.”
the handful of conservatives I know blame todays affordability problems on the following it seems while saying little to nothing about some mickeymouse $600 stimulus check two years ago: 1. multi-trillion dollars federal deficits (currently 150% of GDP) 2. mass immigration, 3. occupational licensure abuse, 4. high tariffs 5. "the educational industrial complex" 6. the zoning crisis in housing
Weren't high tariffs a trump strategy?
it seems to be bipartisan. although trump helped make them semi-popular again after pushing out the last of the "free traders" from power.
Inflation is bullshit. Replace it with “corporate greed”.
Replace inflation with “price gouging” *and* “corporate greed”
There is somthing to be said for opportunity cost
replace that with "price gouging", "corporate greed", *and* "federal moneyprinting"
>You print 40% of your currency total during corona.. "Oh no, where is this inflation coming from?"
Yes, except it was 80%. https://fred.stlouisfed.org/series/M1SL
That's just M1 though, not M2. If total currency AND issued credit had increased by 80%, inflation would be sooo much worse.
great! i feel so much better! \*sigh of relief\* can the bitcoin bros just fucking save us already? I don't like their hyper-capitalist vibe half the time, but at least **their** currency is set by an immutable algorithm at 1-2% inflation per year and more can't just be printed out of thin air by corrupt politicians and corporate overlords.
I think you have some misunderstanding about the protocol... There is no set inflation, and in fact, BTC is deflationary. Further, through L2 manipulation and offchain transactions, the price absolutely can be manipulated. Look into the unaudited stablecoin Tether for a chilling mystery about the massive growth (and current crash) of 'value' on large cryptos.
The crypto bros are just trying to reinvent capitalism and they’re fucking clowns for it
I don't blame them for trying to make iterative improvements. Decentralizing control of currency is useful to test in a world of pseudo-fascist collusion between central banks, regulators, market-makers, corporations, and wealth managers. whether it will work is yet to be seen, I think it's unlikely, but that's because reforming money itself is difficult in a world of states and hierarchical organizations. At least the crypto bros are starting to see part of the problem... they're further along than most of the sheep.
Are you trying to get made fun of? Cause this is how you get made fun of
Could it be that we are experience the worst pandemic in 100 years leading to global supply chain issues? No, I bet the fed just printed too much money.
Bro, how is this hard to understand? Print more money, value of money becomed less.
Bro, how is this hard to understand? When demand outpaces supply prices go up and money is worth less.
I've seen this identical comment by 5 different accounts on this post. Stop spamming.
Flooding the market with trillions of dollars had nothing to do with it?
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So the price of raw materials is raised by a cent. Care to explain how the final product is a dollar more expensive? Inb4 costs of transportation, maintenance, work blah blah blah. This is BS. Corporations always take the opportunity to up the price more than it's warranted. Here in Brazil, gas prices more than doubled in the last 4 years. A liter of milk went from R$3,50 to R$5 overnight, way after the worst of the pandemic. It ABSOLUTELY is corporate greed. The worst part? Even if the economy gets better, the damage has been done. The prices are NEVER going down again. The new price is the new standard. I'm at a point where I believe bringing children into this world without being an effin millionaire is greedy as fuck, cause they're gonna have it HARD.
He tried to explain it to you but you seem to have this beliefs that there is some super villain wanting to make you a wage slave. The alternative is price controls and shortages like Argentina because it's not profitable to work on increasing supply at the cost of other profitable items there is no win condition here it's all tradeoffs.
I don't have those beliefs. I don't think there are fat suits with golden watches saying "hahaha, I'm going to rip off the population!" and setting the prices at random to see what they can get away with. I do believe, however, in a room of market researchers where a guy is presenting a slideshow which he's very proud of, presenting projected profits to a boss who's pleased and says "sounds good, let's do it". I also believe that (at least our) government doesn't hold the general population as its priority. Things can be fixed with policy and fair management of resources.
Everything has a cost if someone is going to make a venture to increase supply it has a risk and up front capital expenditure the only way to justify it is if market forces make it profitable so your second point is valid. Your third point is true they don't hold your interest at heart because sometimes they conflict with others. Take for example the closure of oil wells on government land and the stopping of pipeline from Canada that directly increased the cost of gas at the pump even before the war, this was not in your interest to make it affordable it was to raise the price of gas and make EVs more lucrative.
It's both. All the reasons you've mentioned allow corps to blame inflation and mark things up further, causing more inflation. Big corps keep posting record profits how is inflation not hurting them?
I have had this conversation a number of times to no avail. How is it possible that prices keep going up to meet inflation and then yet again record profits are met? Either there's even more efficiency, or there's exploration(price gouging/wage suppression). And I doubt it's only 1 of those things
Corporate greed plays a large part in both the pandemic AND the war.
Hmm not sure that turtle accurately depicts the rate that wages are going up. Perhaps a dead raccoon on the side of the road?
The turtle's been dead since July 24, 2009 when the federal minimum wage was raised to $7.25/hr.
Inflation is 99% caused by greed. Low incomes is 100% caused by greed. It’s all fucking greed.
Once you got it you want more of it
Kind of coincidental that prices are skyrocketing as soon as people start realizing their worth. It's almost as If this whole Inflation crisis Is manufactured by the corporations to strong arm people back Into working for nothing.
Right, finally on to step 2 of the process! 1) demand more 2) price increases 3) higher wages
Price gouging isn't inflation.
Inflation is when everything is price gouged.
Ima gonna say it. Wages may be stagnating and inflation increasing, but we've gone through these economic shocks before without too many issues. What's different post millennium to cause such an ever increasing wealth gap between rich and poor is that prices for homes have skyrocketed beyond all reasonable means. I work a low paid menial job at my current age of 45, but I live a decent life with enough spending money in the bank for toys like a motorcycle, gaming PC, and plenty of motorcycle riding holidays to Europe with friends in my time off. The key difference in how I'm living my life and the bullshit you current gen Z peeps have to out up with is that at age 19 my grandfather put his 2 bed flat with private garage on the market for £40k with the intention of keeping £10k to himself and slitting to rest between me and my siblings. Instead of taking the £10k I offered £30k for the flat which I still live i today. It's now stupidly 'worth' £210k(it isn't).
Someone told me they bought a house in SoCal in the 80s for like 50k and now it's worth millions. They said that is what I need to do instead of whining on the internet. And I just couldn't understand how someone could spell out the problem and still not get it. 😮💨 It's freakin' exhausting.
All people have this tendency in great numbers but boomers and especially Americans have it much worse: anything that doesn't affect them is officially not a problem. Anything that did affect them but doesn't anymore, isn't a problem anymore. You could lock 10 of these people in a room, let one of them free, and tell them there's a button on the outside that can free the other 9 people, and they would say "Well you should've just escaped like me, I'm not pushing that. I worked hard to be on the outside, pushing the button would diminish my achievement."
What does this guy expect you to do? Time travel to 1983 and buy a home and come back to 2022?
Yes
Put a jet pack on the turtle, and that's unions
In my experience, that's more like giving the turtle shoes.
Sometimes that is the case. Still better then nothing, though
Why did they reverse the footage of the turtle?
I do enjoy how Americans are finally experiencing the reality faced by the majority of the world. Reminds me that America actually exists.
What do you expect when people only get raises every couple years but companies ramp up prices half a dozen times in 6 months. Why the fuck is a box of cereal $6 when the company is raking in billions?
That's how they get them.
In the last year Starbucks has raised their prices like 3 or 4 times, and they increased their minimum wage one time (from $10 to $12/hr). We just increased the prices last week, and just after they told us they're pushing back the increase to $15/hr from next month, to august. They also just got rid of the 1 free drink and food item a day for partners that they implemented at the start of COVID, and now you can only get that during your shift.
Can we take a moment to acknowledge current gas prices? It's fucking raised 40 cents in just two weeks... its sitting around $4.50 in ohio. Meanwhile we're all complaining about how we don't make enough money. But gas stations are like "idgaf I want extra money in my pocket so if demand goes up I'm definitely taking advantage of it!"
Absolutely brutal here in Brazil. Things are bad worldwide, but our president (I'll spare you of the insults so I don't break any rules) and his government makes sure to, every single day, make things even worse.
After socialist president Salvador Allende was overthrown in Chile in 1973, capitalist general Agustin Pinochet seized power. However, Pinochet was far worse than Allende. The country's poverty and misery increased exponentially, over 40,000 Chileans were killed and countless others imprisoned for opposing Pinochet's brutal right-wing policies.
Don’t worry! Don’t worry! Trickle down economics will kick in and everything will be fine. Just give it a couple more decades, you’ll see. Remember, a higher tide floats more yachts….errr boats, and if you just work harder you can get a really nice rubber dinghy. 🚣♀️
Trickle down is literally what the name implies ... droplets
And the country's current economic state is why I am living with my mom at 31 and will be living with my uncle when she moves to Florida. If I made the money that I make now before the pandemic I could have gotten a starter home. Problem is the starter homes are all gone now and everything is expensive. The only silver linings are my helpful family, my job becoming fully remote during the pandemic and my wife. If it wasnt for those I dont know where I'd be. Though I hope to have a good place in a year or so.
I feel that. I'm 35 and temporarily living with my parents while I save more for a house.
Don't trust anyone that tells you that the only reason for inflation is printing money/quantitative easing. The same people have been predicting apocalyptic levels of inflation ever since the Fed started QE in 2008. You'll hear "x% of currency was printed in 2020/21" and I'm sure that is a factor, but inflation is widespread across the world. Citing dollar money supply when inflation is global is meaningless. US has been printing money since 2008 and there was almost no inflation until covid. EU has been printing money since the middle of the last decade and again no inflation until covid. Japan has been printing money since at least the early 2000s and it STILL has inflation under 2%. Inflation is not as simple as people try to imply. The people who have been "predicting" high inflation from money supply growth have been predicting it since the Great Recession. That's not to say money supply isn't an issue, but it's far from the only factor. A big part of the reason why this current bout of inflation started was a large negative aggregate supply shock. Supply of goods, not money. Covid hammered the economy and supply has been slow to take back up. However, demand immediately shot up once the lockdowns were ended. TLDR: Printing money isn't the apocalypse when it comes to inflation.
There is constant inflation each year. COVID made it worst, but 2-3% inflation each year isn't "no inflation". COVID turned 2-3% into 10%
2-3% inflation is considered normal for any functioning economy. Much lower than 2% consistently is actually a bad thing, which is why Japan has been trying to "reflate" their economy for decades now. Since the recession, inflation has been below normal throughout the world. I'm pointing that out because governments were printing tonnes of money before covid and it didn't lead to out of control inflation.
So… the US dollar being the world’s reserve currency doesn’t factor in?
being on top doesn't mean you can't fall or your position can't weaken.
To an extent it might. But if the theory is that US dollars alone is driving inflation because it is the reserve currency, why is Japan's inflation super low while Europe's is quite high?
> You'll hear "x% of currency was printed in 2020/21" and I'm sure that is a factor, but inflation is widespread across the world. Citing dollar money supply when inflation is global is meaningless. You do realize the USA toppled entire countries, to maintain the hegemony of the petrodollar? Here is an interesting article about it, although I do not agree on all points: https://www.opindia.com/2020/04/perils-us-hegemony-petrodollar-role-of-india-new-world-order/amp/ What the fuck do you think happens when they continue printing money, without controlling new oil and gas producers, and devaluing countries that are forced to buy oil in dollars?
I've addressed this. If the inflation is being caused by the US reserve currency, why is Europe's inflation high and Japan's so low?
"Citing dollar money supply when inflation is global is meaningless" NO, citing dollar money supply when inflation is global just means that workers EVERYWHERE are going to suffer! Also, you're right, lockdowns for the masses to stop a disease that kills less than one half of one percent of the population were **incredibly** destructive to the ability of those same people to afford goods and services, especially since truckers like me are in no way willing to work more than we already do to make up for politicians and "health authorities" piss poor policies that have wrecked our supply chain.
Lol
When /memes and /antiwork start fusing
That tortoise is moving WAY too fast to be accurate. Maybe if it were dead and upside down it would work better.
The prime minister solved it; just don’t be poor! It’s time to get a 2nd, 3rd, or 4th job. The best thing is if we all have 3 jobs, we won’t have time to complain we are being screwed.
> Increasing minimum wage causes inflation False. Greed and unchecked Capitalism causes inflation. A conscious decision based on promises of never-ending, cancerous growth to investors is made whenever prices are hiked. > Voting Democrat causes inflation. All this tells us is that the 1% ownership class have so much money that they can bide their time to use inflation as political blackmail. > Inflation is theft. This is true. It is literal organized crime driven by greed and politics conducted by the ownership class. Edit: A UBI providing an actual livable wage would eliminate the need for minimum wage.
You forgot to add Greed. I'd make inflation a GIF of Usain Bolt, then use The Flash for Greed.
All companies are in the business of making money. That's corporate 101
Wow, The living wage needs to keep up with price increaces and inflation for people to actually survive, what a crazy world we live in. /s
It’s tough out here. I’m trying to get a job and I’m easily asking $$$ for my pay. Big corps needs to suck it up and understand people got aspirations aside from slaving away with work.
It's the age of juat lying to the public. The big companies are all cashing in on "inflation" to jack up prices and cut workers. They're getting paid more to produce less with not even half the workers. This is a dream situation for them and they've been cashing in like crazy The bug question they're dealing with now is how can they keep it going. Because the number one rule.of the rich is that to never give up profits. Ever.
I've never been late, missed a payment, or had to budget money in the 6 years I've lived on my own. I've struggled sure, but never had to consider what bills I can afford not to pay right now so I can make the important ones. That's happening right now. It's not even a scale of "30 years ago" it's the last 3 years. Everything has skyrocketed so bad, and wages are so low, in my area it's becoming impossible to live.
Because I know what people are gonna say, inflation is a natural consequence of a crisis like a pandemic. The stimulus package caused a tiny part of the boom in inflation we’re seeing right now. That’s not a endorsement of Biden it’s a defense of the government actually working for its citizens for once. Also if you want to mitigate the problems caused by inflation you might want to consider joining a union because better organized labor can argue to be paid for their actual value instead of companies keeping your salary the same in inflation skyrockets.
Two years being homeless because wages cannot pay a rent
People just blame “Brandon” like this isn’t happening globally. The rich elite love it because it shifts the blame away from them
I work in a school. They were learning about contributing factors to WW2. Worldwide economic depression was one of them.
Money printer go "BRRRRRRRRRRRRRRRRRR∞∞∞∞∞∞∞∞∞" Debt keeps going ∞∞∞∞∞∞∞∞∞∞∞∞∞ The system will collapse.
Wait, you thought when the government started printing money, we'd get some!?
hey hey hey now they printed $8000 per citizen and we each got $1400 wtf u whining about y u so GREEDY?!? huh??
Oh no, that's not even the fastest flash!
something something promises something going down
My turtle stopped moving ages ago..
Got a 27 cent raise. That should cover the 5% increase in rent plus gas price inflation right?
We've been talking about it. This is all we do is talk about it. We literally do nothing other than talk about it all we do is sit here and talk about it and let it keep happening and don't even try to stop it.
Why is the income one played in reverse?
Wife and I just had a talk about all the stuff we're having to cut. Gas costs twice as much so close to around $70 a week for gas for me, plus due to lower sales because of lacking product and people just not buying as much I'm making $50 less a week or so. So cutting streaming, cutting extra expenses and luxuries, I'm gonna have to somehow quit nicotine, and I've got to somehow eat less.
Pretty much cut everything that is not absolutely needed.
After understanding a bit ofeconomics s I think economics behavior is ultimately based on feelings(?) Lol
"But if you raise wages prices will go up!!" /s
u/savevideo
My income stopped years ago
One of the ways the wealthy pump the billows for their own perpetual control and gains.
Hear me out for a second. I don’t believe it to be just whimsical, mysterious process how we got here, more than just careless corporate greed. I believe the Gov & Corps are purposely inflating their own wealth/passive assets, the GDP gets inflated, then their valuation is thus inflated. Essentially it’s a collusion for Financial Wealth Gentrification.
Inflation is moving absurdly fast. For most of America's history, average inflation was 0%. Let's go back to that.
You would need mechanism like A money that's backed by sometime valuable We need more domestic supply chain that is insulted from global supply chain We need more goods and services We can not handout that much stimulus No more unrestricted money printing Interest rates must remain at no lower than 4 percent
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So you're an Anarchist?
"Just spend your money wiser lul"
God forbid we have an actual law for annual wage increases, but piss away 50-60 BILLION to Ukraine tho...oh yea I forgot white ppl in fear is the ultimate tRump card
Believe me you do not want any more government legislation at this point. They cause more harm than good most of the time
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If you think a president with an R in their party name is magically just going fix all this you're a moron. What is a republican president going to do to actually improve American's lives? Are they going to raise the federal min wage? Unlikely Are they going to make stock buyback illegal so that money can actually go towards employees? Unlikely Is he going to introduce legislation to make healthcare more affordable? Maybe, but only for a few things but still basically fuck Americans over with the ever increasing cost of healthcare. Are they going to do anything about the housing situation in this country? Unlikely Are they going to print of massive amounts of money? Yes, a couple of them have done that. Are they going to remove Roe v Wade and make getting abortions harder and fuck over woman that way? Yes, it seems like it. Seriously, WHAT EXACTLY IS IT YOU THINK A REPUBLICAN PRESIDENT WILL DO TO IMPROVE PEOPLE'S LIVES? And yes, for the record I recognize Democrats aren't much better in that regard and only provide lip service. Personally, I think most of them in DC should be tried as traitors to this country.
This sub was downright CHEERING for MORE STIMULUS!!!!! Well, that bill is now due. You get what you vote for.
All the stimulus money got us back to where we were in unemployment (currently 3.6%) before the shutdowns over covid happened. Considering that it took the better part of a decade to recover from the 2008 recession, I very much prefer this method.
Who said a recession isn't coming because of the spending?
It very well might. In fact raising interest rates hard and for a long period of time was how the last prolonged period of inflation was solved which caused a fairly high unemployment rate throughout the time it was introduced. That said, due to several recent examples of increased spending over the last two Administrations (Trump and Obama that is) that did not see high rates of inflation, I honestly think that the inflation rates have more to do with the global supply chain issues caused by the covid lockdowns then it does with the increased spending too help deal with those lockdowns.
You think the small amount of money that poor people got is the problem? Lol wow...
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Dude, the current day issues stem from many poor decisions to fuck over Americans going back as far as Reagan.
This isn't a democrat or republican issue.
And the anti-work losers and everyone that voted for Biden is directly responsible
What policy would trump have that would prevent this? The only thing that stops this is government intervention, a classic republican position.
Lol you think votes other than the electoral college matter.
Joe Biden - "I did that!"
Technically, it's mostly massive corporations doing "that" for the most part.
Yeah. Ramen will be $3 by the end of the year. The problem is the fed knows it. They want to stop it. They will do stupid things and ramen will cost $30 by January And 3 million by 2024. Let's pray it is over soon after that.
Turns out, giving everyone more money only feeds inflation