Inflation is your fault

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m doing my part. I buy nothing unless I actually need it. Wages have not kept up for us. No increase for my husband and I’m in a field where most people will price shop and try to negotiate lower prices with me. Many of my peers are closing their businesses.

Our wages are not up either.

Whose wages ARE up?

I changed jobs twice in the past year. Now making 50% more than I made in December 2022. First job change was for 10% bump, lateral move. Second job change was a huge promotion into an executive position with a big salary increase.

You don’t sound even remotely believable.

Believe whatever you want. I’m the one looking at my direct deposit every two weeks.

Dec 2022: $185K
Dec 2023: $280K (current job)

Going up to $295K in January 2024 once my org applies annual cost of living increase across the board. Got to open the door when opportunity knocks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:[W]e're at the tail end of the good life as we've known it.

Cynicism masquerading as wisdom.

Tail end of good life may be an exaggeration but there is some substance behind that train of thought, generally speaking.

[Anonymous]

Anonymous wrote:I don't either pp.

I have no doubt that some people have been able to get huge raises, but it's not the typical experience for most.

And, for those who have received large pay bumps, why not stop spending on over inflated goods and services?

We all need a place to live and food, but apart from that, why keep buying if you could save money, wait until prices come down, and buy more later? Or invest the extra money and make even more money?

When I hear about big pay bumps, I assume that the person is 20-something. After about 28 those bumps tend to be smaller. For example, $10k increase on a smaller salary equals bigger bump, on a bigger salary it is a smaller bump. Huge bumps aren’t a reality for established adults.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't either pp.

I have no doubt that some people have been able to get huge raises, but it's not the typical experience for most.

And, for those who have received large pay bumps, why not stop spending on over inflated goods and services?

We all need a place to live and food, but apart from that, why keep buying if you could save money, wait until prices come down, and buy more later? Or invest the extra money and make even more money?

When I hear about big pay bumps, I assume that the person is 20-something. After about 28 those bumps tend to be smaller. For example, $10k increase on a smaller salary equals bigger bump, on a bigger salary it is a smaller bump. Huge bumps aren’t a reality for established adults.

My guess too. People left their waitressing jobs and got jobs where they could use their masters degree.

Pp above is entirely unbelievable. And no one has ever gotten $15,000 COL increase pay in 12 months.

[Anonymous]

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m doing my part. I buy nothing unless I actually need it. Wages have not kept up for us. No increase for my husband and I’m in a field where most people will price shop and try to negotiate lower prices with me. Many of my peers are closing their businesses.

Our wages are not up either.

Wages ARE up, regardless.

But, People are also relying on credit, whether they should or not. It's not simply "I have enough money now so I'll buy it."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reckless government spending is the reason for inflation.

Price gouging is the reason for inflation.

Price gouging is charging $60 for a bottle of bleach during the pandemic.

Prices are up for everything.

And if prices are being gouged- every store, landlord, etc, has decided to gouge? Not a single store has said- you know what? I am not going to gouge customers. I am going to keep my prices stable and charge my customers what the price should be. Bonus: I will get a zillion new and repeat customers because I am the only store not gouging customers.

They may not be the overt gouging in your example, but, yes. They are all keeping prices higher than they need to be. Why? Because we're paying at those prices. Look at the corporate profit statements --- it's there in black and white.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reckless government spending is the reason for inflation.

Price gouging is the reason for inflation.

Price gouging is charging $60 for a bottle of bleach during the pandemic.

Prices are up for everything.

And if prices are being gouged- every store, landlord, etc, has decided to gouge? Not a single store has said- you know what? I am not going to gouge customers. I am going to keep my prices stable and charge my customers what the price should be. Bonus: I will get a zillion new and repeat customers because I am the only store not gouging customers.

They may not be the overt gouging in your example, but, yes. They are all keeping prices higher than they need to be. Why? Because we're paying at those prices. Look at the corporate profit statements --- it's there in black and white.

+1
Record high corporate profits for years now. Greedy, greedy, greedy.

[Anonymous]

Anonymous wrote:I look forward to how this writer’s opinion is going to somehow be the fault of Biden.

That's not possible. Only Reagan, Bush, Cheney, Kissinger, and Trump are responsible for everything negative.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reckless government spending is the reason for inflation.

Price gouging is the reason for inflation.

Price gouging is charging $60 for a bottle of bleach during the pandemic.

Prices are up for everything.

And if prices are being gouged- every store, landlord, etc, has decided to gouge? Not a single store has said- you know what? I am not going to gouge customers. I am going to keep my prices stable and charge my customers what the price should be. Bonus: I will get a zillion new and repeat customers because I am the only store not gouging customers.

They may not be the overt gouging in your example, but, yes. They are all keeping prices higher than they need to be. Why? Because we're paying at those prices. Look at the corporate profit statements --- it's there in black and white.

+1
Record high corporate profits for years now. Greedy, greedy, greedy.

Was the record corporate profits adjusted for inflation?

[Anonymous]

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I mean isn’t spending money good for the economy?

And how is it that consumers spending money is causing inflation?

Consumer demand outpacing supply is a primary cause of inflationary pressure. Consumers had excess cash in hand from 2020 through 2022 to spend on goods that weren't being replenished at the rate of demand. There are other factors as well but supply and demand is the most direct cause of changes in the price of goods over time. Higher interest rates and a tightening in the credit market have lessened the amount of cash consumers are willing and able to spend and we're starting to see those impacts on the rate of inflation.

This is the correct answer.

[Anonymous]

so...it was price gouging