General A thread to discuss and follow the incoming inflation bomb

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kneeblock

Drapetomaniac
Apr 18, 2015
12,435
22,917
No, you don’t. we agreed it would be a one way wager because I fight to keep my addiction issues and gambling under control and giving money to charity is always good. It makes me happier for you to keep as much as your money as this late stage capitalism allows. Love u.

i will however reinstate my tagging privileges because I missed harassing you. I’ll try to keep it under control.
I will accept your tags with grace. Not like I made anymore progress on this dissertation anyway.
 
D

Deleted member 1

Guest
Can't fulfill this because my area still only has a 38% vaccination rate and all the food here sucks, but I can order a Texas Burger in your honor via GrubHub.

Order anything and give a Michelin guide review of it
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,626
59,527

The Consumer Price Index for All Urban Consumers increased 6.2 percent from October 2020 to October 2021, the largest 12-month increase since the period ending November 1990. Prices for all items less food and energy rose 4.6 percent over the last 12 months, the largest 12-month increase since the period ending August 1991. Energy prices rose 30.0 percent over the last 12 months, and the food index increased 5.3 percent.
Screenshot_20211020-093451_Chrome.jpg
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,626
59,527
Bank of Canada has removed the descriptor “temporary” when talking about rising inflation.

How’s it going in the states.
LOL @ temporary.
Tomorrow's CPI announcement should be interesting.
 
M

member 3289

Guest
I haven't noticed the price of anything I buy going up.

Pretty sure this "inflation" nonsense is made-up.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,626
59,527
I know I'm shocked.


And then there's this...


But muh $15!!!
We better raise everyone to a $20/hr min. That will fix everything.

Economics 101. How does it work?
 
M

member 1013

Guest
I know I'm shocked.


And then there's this...


But muh $15!!!
We better raise everyone to a $20/hr min. That will fix everything.

Economics 101. How does it work?
i’m honestly not sure what point you’re trying to make or if you’re just whining again because people want a living wage. But yea, giving people more money will help them deal with inflation better so we absolutely should set minimum wage between 15 and 25. It’s not wage gains that are inflationary it’s bad management and excessive greed. If US wages had properly followed inflation since the 70s minimum wage would be 24 dollars an hour. Saying wages shouldn’t match that pace just means you’re saying you think people’s quality of life should plummet so shareholders and executives can live like kings. I’m an executive myself, we are basically robber barons. It’s about time we started sweating a little, because soon we’re gonna get our heads chopped off by the mob in front of our families.

 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,626
59,527
giving people more money will help them deal with inflation better
It doesn't though. It causes additional inflation and their dollar doesn't go as far. They aren't any better off.
It’s not wage gains that are inflationary it’s bad management and excessive greed
Disagree with "bad management"
Agree with "excessive greed".
The pressure on continuous growth and margin gains are a noose around the common worker's neck. As wages go up, so will prices. Companies aren't going to sacrifice profit.


Saying wages shouldn’t match that pace just means you’re saying you think people’s quality of life should plummet so shareholders and executives can live like kings
I don't think that at all. The system is broken. But forcing an increase in wages doesn't fix anything as the companies will still get theirs.


I’m an executive myself
 
M

member 1013

Guest
It doesn't though. It causes additional inflation and their dollar doesn't go as far. They aren't any better off.


Disagree with "bad management"
Agree with "excessive greed".
The pressure on continuous growth and margin gains are a noose around the common worker's neck. As wages go up, so will prices. Companies aren't going to sacrifice profit.




I don't think that at all. The system is broken. But forcing an increase in wages doesn't fix anything as the companies will still get theirs.




No they are not inflationary yet, even the fed agrees with me. Thinking they are and using bad business models to justify static wages instead of codtis bad management.

and yes, inflation isn’t going anywhere. So the common man needs more money.

it’s economics 101

modern corporatism is a product of late stage capitalism, focused on quarterly results not long term sustainability. It’s well documented investing in employees leads to greater long term prospects for short term “loss.” If businesses aren’t willing to adapt there is only one way it will end, violence. This is borne out through our history.
 
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