Inflation is off the chain
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
Again, this is not due to inflation. It’s because of supply chain issues and lack of labor. |
Anonymous
My concern is food prices failing to downwardly adjust moving forward. Like around 2009-2010, when gas prices soared, food prices went up like crazy, and never came down when gas went back down. I remember chicken on sale for 49 cents a pound. |
Anonymous
|
We stagger our car purchases so we aren’t buying two close together and we have time to save in between. It’s my “turn” for a new car and I’m so annoyed at pricing and availability right now. We have decided just to wait, but for how long? It’s so frustrating. Also our deck is rotting and no one will come fix it for any price.
Yes I know, first world problems. |
Anonymous
Yeah, first world problems At the beginning, we planned to redo the deck, called couple of lumber places, they were out of stock and jokingly suggested waiting a year. Well, 18 month later lumber costs 3 times more now 
We're still doing it, but as DIY project - good for the kids, learning how to use tools (luckily, I have 3 teenage boys) |
Anonymous
|
Every single goods-and-services has raised their salaries. Get used to it. You'll be paying higher to eat out, get drying cleaning done, and have cocktails served to you from now on.
As you should. These people deserve to have a good standard-of-living too. 
|
Anonymous
| We paid $40 for 2 "large" Papa John's pizzas that looked like mediums. It was enough for 2 people, I had 2 slices. Left rest for DH and DD. I can't remember if that even included tip. |
Anonymous
Or people will just consume less, businesses have severely squeezed margins as a result, and they go out of business or layoff tons of $15/hr staff. The country becomes mired in high inflation and high unemployment. Ahhh, love the law of unintended consequences. |
Anonymous
Why does anyone “deserve” a high salary? You shouldn’t be able to support a family of 4 while flipping burgers or washing someone’s car. |
Anonymous
If you think you can support a family of four on $15/hr you're delusional. |
Anonymous
Most likely the case in small towns. In cities were the number of consumers and tourists is already extremely high as well as the income-levels, nope. Oh well. |
Anonymous
Why shouldn’t a child whose parents work 40+ hours per week deserve a decent life? |
Anonymous
This Plus, why should government support corporations by providing subsidies to people workings full time? |
Anonymous
Is someone saying they don’t? What if those parents are simply very low skill or low productivity workers whose labor value is just very low no matter how you look at it? Is it the employer’s responsibility to pay whatever wage would be needed to float whatever size family the employee has? Obviously all kids deserve to live in safety and have a decent life. When there is a gap between the value of a parent’s productivity and the needs of a child, that must be met in some way through society. But it is not fair to put that on the employers. If the employer has to pay a 27 year old cashier 25 an hour because she’s a mother of 2, then they have to pay the single 16 year old cashier that as well. See what I’m getting at? |
Anonymous
| Last year, when the US economy was shutdown, it was anticipated the loss would be about 8% of GDP. If every person got exactly they amount of income back it would have filled the gap. But that's not what the US did. The USG gave out 15% of GDP through transfer payments. That's why there's so much inflation right now. And no, there is absolutely no way it is just a transitory thing due to supply issues. There is far too much money in the system. And that doesn't even account for the additional $1T more in infrastructure spending and the proposed $3.5T more in the pipeline for 'human infrastructure' spending planned. The US is Braziliafying the US dollar and mistakenly believing there will be no consequences. The US following populist policies on the monetary, fiscal, and credit creation fronts that have blown up emerging countries for decades. The US isn't going to be an exception but will get hit hard with devalued currency, persistent inflation, and higher and chronic levels of unemployment. |
Anonymous
Pauses. What do you think causes inflation? Inflation isn't a magical phenomena that happens on its own. It seems apparent that the posters downplaying the effects of current inflationary pressures and talking about how wonderful working people are getting higher salaries really don't understand inflation and what it means. |