General A thread to discuss and follow the incoming inflation bomb

[member 1013]

The bar has been raised.
Just like I predicted

If you own lumber stocks...

bar is raised on everything and it’s never going down

only solution is to regulate worker pay raises tied to corporate profits and unionize the workforce

 

[member 1013]

 

[Hauler]

bar is raised on everything and it’s never going down

only solution is to regulate worker pay raises tied to corporate profits and unionize the workforce

Unions suck, bruh.

 

[member 1013]

Unions suck, bruh.

spoken like someone who was born into a system where the only rights and benefits of workers were fought for (often literally) by unions

 

[member 1013]

Canadian Mortgage Rates May Climb Up To 7% By Next Year: Desjardins - Better Dwelling

Canadian mortgage borrowers are going to be paying much higher rates soon. Desjardins’ latest consumer interest rate forecast shows the 5-year fixed rate mortgage climbing — a lot. Over the next few quarters, it can hit up to 7% — a rate that would have seemed impossible back in 2019. Elevated...

betterdwelling.com

 

[member 3289]

Went to buy another mister because I really like this model.

Less than 2 years and the price has gone up 33%. But that's from an unknown site I'm not sure I can trust. Amazon doesn't carry it any more. The cheapest major retailer has it for $129.99.

Kewl

 

[RaginCajun]

 

[Hauler]

spoken like someone who was born into a system where the only rights and benefits of workers were fought for (often literally) by unions

They had their purpose. They done good.
Now? Nah.

 

[member 1013]

They had their purpose. They done good.
Now? Nah.

lol

you and your reagonomics

 

[Hauler]

$400/m was the norm.

I'm thinking $700/m becomes the new norm, and we see +/- $100/m from there in normal market fluctuations.

A nice little 75% bump.

 

[member 1013]

thinks have been great for workers during this time:


View: https://gfycat.com/daringembellishedhake

 

[Hauler]

lol

you and your reagonomics

Ever worked on a union job? It's a joke.

They work really hard to hardly work.

Although I did like getting prevailing wage when a job went with us instead of fucking with the union.

 

[member 1013]

Ever worked on a union job? It's a joke.

They work really hard to hardly work.

Although I did like getting prevailing wage when a job went with us instead of fucking with the union.

yes i worked high rise construction in the carpentry union. we hire union trades for our developments. they’re doing way better than the other tradies, not even comparable.

 

[Hauler]

yes i worked high rise construction in the carpentry union. we hire union trades for our developments. they’re doing way better than the other tradies, not even comparable.

Likely bullshit, but if true...anecdotal.

 

[member 1013]

Likely bullshit, but if true...anecdotal.

why would i make that up bruv?

there is no way for the plebes to stand up to people like me without organizing

 

[Hauler]

why would i make that up bruv?

there is no way for the plebes to stand up to people like me without organizing

Maybe it's different up there.

Around here, if you want something to cost 3x as much and take twice as long to get done...go union.

 

[member 1013]

Maybe it's different up there.

Around here, if you want something to cost 3x as much and take twice as long to get done...go union.

would you rather be a union journeyman plumber making 56 bucks an hour in one of the “hottest” markets in the world like toronto or would you rather be non union where the average rate is 28.50, in one of the most expensive cities in the world?

my projects are very large scale, almost all the companies large enough to work on them are unionized and the non unionized companies charge equivalent rates with much lower wages.

 

[Hauler]

would you rather be a union journeyman plumber making 56 bucks an hour in one of the “hottest” markets in the world like toronto or would you rather be non union where the average rate is 28.50, in one of the most expensive cities in the world?

my projects are very large scale, almost all the companies large enough to work on them are unionized and the non unionized companies charge equivalent rates with much lower wages.

I thought you were a union janitor.

Why is Toronto one of the most expensive cities in the world?

 

[member 1013]

I thought you were a union janitor.

Why is Toronto one of the most expensive cities in the world?

it’s an alpha class city, a world financial centre, has a massive economy, attracts insane amounts of foreign investment, is the cultural centre of english canada, and land is scarce.

it’s not because of union wages lol

 

[member 3289]

cost 3x as much and take twice as long to get done...

 

[member 1013]

does it bug americans that i spell centre correctly?

 

[member 3289]

does it bug americans that i spell centre correctly?

Not at all. It's quite the metred manoeuvre

 

[Hauler]

does it bug americans that i spell centre correctly?

It bugs me that you don't capitalize "I"
Go ahead and do it. You're worth it.

 

[kneeblock]

In a few years we're going to call this period "the great Inflation heist" due to the way "recovery" became about upward wealth transfer. I was optimistic that the central bank would intervene and that Russia wouldn't invade Ukraine and also believed people would learn their leasons during COVID. Instead, everyone kept their foot on the gas so now I've no choice but to become a tankie.

 

[member 1013]

In a few years we're going to call this period "the great Inflation heist" due to the way "recovery" became about upward wealth transfer. I was optimistic that the central bank would intervene and that Russia wouldn't invade Ukraine and also believed people would learn their leasons during COVID. Instead, everyone kept their foot on the gas so now I've no choice but to become a tankie.

i told you the optimism was misplaced

i hate always being right

it’s a curse

@Hauler

i