Reply to Inflation: explain it to me like I'm 5

Forum Index » Money and Finances

Reply to "Inflation: explain it to me like I'm 5"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Why is everything so expensive now compared to just 3 years ago? Is it ever going to go back to how it was? I learn a lot on this board so I'm looking for genuine insight. Is it because the government put so much money into circulation during the pandemic and [b]disincentivized work[/b]? [/quote]

I'm always curious when people say this - who do you imagine is disincentivized to work? Are [i]you [/i]disincentivized? Do high prices really pair up with disincentive to work, in your mind?

We had a long run of cheap labor performed by immigrants (immigration dried up during covid) and people who were working multiple low-paying jobs. It did not take a lot of loosening in the job market -- a huge demand for blue collar workers and construction, some people dying of covid, some people getting better jobs once WFH opened them up to a broader group -- for the people working multiple service jobs to find a single job that paid the bills. That's not "nobody wants to work anymore" it's "people can do better than they were."[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics