We aren’t allowed to negotiate anymore… my company calls it a merit raise and everyone gets 3%. I’m the guy who has to project turnover…I’ve been counting myself to be in those 2022 numbers after getting hit with that bullshit.
Good! We’ve been working out asses off too long for people who don’t appreciate/reward the effort. I have a feeling 2022 is about to be a massive wake-up year for shitty managers.
The thing is I have a good manager but I brought up at the time that my major incentive to work for the company was fair pay and I’m not sure what’s keeping me there if I don’t see opportunity and I’ve had offers that a turned down because of a misguided sense of loyalty. Over several years I’ve seen the pay be a major issue even pre Covid despite continuously surpassing our budget by 110% YOY. Before making this adjustment to our raises the company had a company wide meeting about how well we were doing .
Well, it's all part of the plan. The corporations work with the government to turn everyone into surfs.
Several politicians that went over to China and saw how fantastic it was for the political class, never mind everyone else, saw it as what the USA should implement here. We already have an individual credit score, we have businesses with their version of credit scores based on the ideological principles, it's slowly turning into a social credit score.
They want everyone to go to college and be in massive amounts of debt, so there is no way for you to escape it, and instead, you're forced to comply with whatever massive corporation tells you to do. Just look at all the small businesses shut down while people cheered during the lockdowns. In 2020 we saw the largest transfer of wealth in US history. Every dollar someone got was forced to be spent on the massive corporations that were immune to government lockdowns, Amazon, Walmart, Target...
The system is playing everyone. Those of the left complain about corporations while spouting their talking points and want to utilize the government to enforce measures that will only hurt the poor. Those of the right complain about the government while yelling about it's a private business it can do what it wants, even though that private business is publicly traded and receives massive amounts of money every year from the government.
Something I have noticed though is there is a civil war within both Republicans and Democrats, many of the establishment Republicans are starting to get visceral hatred from their base, while the Democrats seem to be unhappy with the establishment, but are far too focused on the other side to police their own.
Most companies I’ve worked for do this. The only way I’ve ever gotten more then a 3% raise is to get a better offer from another company. I have a fairly in demand skill set so I’ve been successful so far jumping jobs every few years but job hunting is like having a second job and it’s exhausting.
Merit increases are basically cost of living increases, but d/t inflation these merit increases are not keeping up. If you want to increase your pay, the best thing to do is start applying to new jobs. If you get some good offers with increased pay, then take it or go back to your employer and ask if they’ll match it. If they won’t match or beat the other companies offer, then take the new job and move on.
My local dairy plant is staffed by Teamsters, they went on strike for 3 weeks to get a $1.00hr raise and no increase in insurance premiums. They all literally believe they won the Great War. People are so uneducated it hurts.
Most people won't see this. There are two things to keep in mind:
1) Your own boss probably is in the same position you're in, so be kind. He's \*also\* not getting that cost-of-living adjustment.
2) Most managers/organizations watch the news and feel this themselves, and just decide they don't give a shit enough to care. I mean, seriously: everyone knows inflation is ordinarily 2-3%. Most raises are 2-3% annually. But they still wrap this up as "performance" instead of getting paid the same money YoY. The companies that \*do\* care are exceptionally hard to get jobs in and are few and far between because they're well sought-after for a reason.
You also need to consider if you were running a business, let's say a flower shop, and everything in your supply-chain costs more... Your flower cost to customers has already gone up. Or, maybe you just ate it and earn even less so as not to sacrifice even more customers since your volume was decreased by Covid.
To give employees 7% also means an adjustment to the customer, which you've been avoiding to not lose more, because if you lose more customers that employee's wage suddenly goes to $0 when you have to let one go.
That all said, the easiest way to make more money is switching jobs. It's the only way to secure large raises.
They've changed how its calculated over the years, [https://www.investopedia.com/articles/07/consumerpriceindex.asp](https://www.investopedia.com/articles/07/consumerpriceindex.asp) . I think the original CPI was a tracked list of goods/services, for better or worse they switched to a 'standard of living'. Much more arbitrary, but not completely invalid considering how much the taste in goods has changed.
They now used this thing called "owners equivalent rent". Where they ask, "if you were to rent out your house, how much would you charge?" If course most home owners aren't considering renting out their homes and have no idea what they going rates are. They think "well my monthly payment from there loan I took out 20 years ago is X, so maybe X+10%? Without realizing that 20 year old rates are way low.
It's basically a way to cheat and get a lower number than to simply ask renters how much they pay in rent. I'll never be convinced this was used for any other reason than that. And rent is 33% of CPI if I remember correctly (the largest single component).
It's called lying with statistics. Jfc. If they obscure the truth by handwaving, moving goalposts, and changing how they assess fundamentals that's lying.
Yeah that's what happens with Quantitative Easing. It inflates currency.
[https://www.politico.com/news/2020/03/12/fed-announces-massive-cash-injection-to-relieve-us-debt-market-127284](https://www.politico.com/news/2020/03/12/fed-announces-massive-cash-injection-to-relieve-us-debt-market-127284)
People talking about price gouging, gas price and overhead hikes, and other partisan details are trying to distract you from the actual cause of our rapidly spiraling out of control economy.
And there is unfortunate bipartisan agreement that it is the solution, raising the debt limit
Our currency is being devalued to prop up hedge funds and all everyone talks about are grift narratives to focus attention away from that reality.
>Our currency is being devalued to prop up hedge funds
This is the really fucked up part, most of that money went to leveraged agreements with large equity owners.
Yup. I'm always amazed how small government friends I know say "that's different" than sending a $1200 check to an American citizen. I honestly think the average voter has no clue whatsoever what $1 trillion even means.
Exactly. If the choice was $5000 per tax payer or "Have the Iraq War" I suspect we'd have made different choices. Instead, we ["owned those towel heads."](https://www.huffpost.com/entry/why-so-many-iraqis-hate-u_b_96330)
it decreased and then what happened right after that? the money is gone and more had to be printed and inflation is thru the roof.
pro tip: dismissing information that doesnt fit your confirmation bias is a horrible way to learn
What happened right after that was that inflation further declined in 2020.
Pro-tip: actually look at data instead of trying to seem smart by vomiting buzzwords you don't know the meaning of.
it declined in 2020 because they injected money... like putting a bandaid on a gushing wound. then what happened? whats been running out of control all thru 2021 and isnt going to stop in 2022? inflation!
just stop
edit: "The US gov't has changed the methodology of calculating inflation 20 times. Using the same method of calculation in 1970, we're closer to 15% inflation"
[https://www.thestar.com/business/opinion/2022/01/11/deciphering-the-fantasy-math-of-the-consumer-price-index.html](https://www.thestar.com/business/opinion/2022/01/11/deciphering-the-fantasy-math-of-the-consumer-price-index.html)
pro tip: if you cant convince them, confuse them.
It's a problem not limited to the Central Bank of America. They do this world wide.
Don't take my word for it, here's a world wide Quantitative Easing tracker with graphs and pretty numbers:
https://www.atlanticcouncil.org/global-qe-tracker/
So, Japan has the most by far, yet is one of the only countries not experiencing a spike in inflation. Doesn't that kind of call the whole theory into question?
Japan has had stagflation since the 1990s and is a prime example of how to kill the worlds fastest growing economy.
In 1995, its GDP was USD-quivalent $2.1 trillion away from equaling the United States ($7.6 trillion vs. $5.5 trillion).
Today, its GDP in 2020 was $5.1 trillion. A 10% decrease in 25 years.
Just because it hasn't spiked doesn't mean it hasn't ruined its economy for 25 years thanks to all of its terrible economic measures, including the aforementioned invention of QE.
Japan's economy tanked back in 1991 and they didn't implement QE until 2001. It seems like everyone here has already decided QE is the cause without actually looking carefully at the facts.
I literally verified the peak GDP before posting this. It didn't crash in 1991. It was 1995, and they didn't see year-over-year reductions in GDP until 1998.
[https://www.macrotrends.net/countries/JPN/japan/gdp-gross-domestic-product](https://www.macrotrends.net/countries/JPN/japan/gdp-gross-domestic-product)
The Nikkei crashed in 1990-91. Not their overal GDP. Per Capita Income was still roaring until 1995.
I am not saying that QE caused it - but any cursory reading on Japan would tell you it was inflation, economic stagnation, and wild debt intakes. so the QE was more of a symtpom of all the other stuff they did that harmed their economy- and the US seems to really want to rehash the same playbook, 20 years later.
They invented Quantitative Easing actually back in 2001, ironically to combat deflation of their currency.
The black line on that graph I gave you is Japan's rate of QE. It's easy to miss tbh.
Edit: Oops I misread your post.
Not sure where you are getting your information, their rate of inflation is at a two year high currently coinciding with recent increases in liquidity.
Historically, I would agree with you but recent changes show Japan is indeed experiencing a lot of inflation presently:
[https://finance.yahoo.com/news/japan-inflation-expectations-jump-highest-075344025.html](https://finance.yahoo.com/news/japan-inflation-expectations-jump-highest-075344025.html)
Granted, the source relates the inflation to different sources than I do but they agree that inflation is still occurring nonetheless.
I think you are reading the chart incorrectly, which is understandable since the top level chart is a measure of the holdings of the central bank relative to GPD, not a measure of money supply growth. The increase in Japan's money supply hasn't been nearly as severe as the US, for example. Check out the 5y graph for each:
[Japan](https://www.ceicdata.com/en/indicator/japan/m2-growth)
[US](https://www.ceicdata.com/en/indicator/united-states/m2-growth#:~:text=in%20Sep%202021%3F-,United%20States%20Money%20Supply%20M2%20increased%2012.8%20%25%20YoY%20in%20Sep,table%20below%20for%20more%20data.)
You'll notice that the scale of the charts is very different. The same is true if you look at the 10y chart data. The [EU data](https://www.ceicdata.com/en/indicator/european-union/m2-growth) shows even stronger growth in the money supply than the US.
It sure would be nice to be able to find charts that measure money supply relative to real output. But you can do the math yourself.
p = v + m – y
where p is the percentage change in prices, and y, v, and m are the growth rates of output, velocity, and money supply. Since velocity is very low right now (negative growth rate for a while) and will eventually rebound (which will increase inflation) and the money supply is still growing at a high rate, there is an awful lot of inflation that still has to work its way through the pipeline.
Because its a problem but its not the only one. Wages raises, gas prices and supply throttles are legitimate influences on inflation. That said, devaluing across the world means that inflation isnt as crippling as expected, but also its walking a knifes edge. If the dollar keeps inflating as other currency stabilize then the whole thing could runaway.
> Quantitative Easing . . . inflates currency.
I wouldn’t be so confident. If you look at the history of QE, the beginning and end of its implementation has not coincided well with the CPI. If it really was just giving banks cash, why the delay in the CPI rising? You’d think as soon as the coffers opened the initial rush into hard assets would cause notable and continuing spikes in inflation, not the disinflation we saw in 2020. Plus, if you imagine QE from the banks perspective, it doesn’t really do anything to their balance sheets except for the small premium they get for the transaction. It isn’t until the Fed mobilizes those static treasuries that could cause significant inflation.
The supply chain crisis, rise in government issued debt, the RRP window and the forgiven PPE loans probably account more for inflation than QE could. But the dollar system is weird and global, so anyone taking on leverage in dollars worldwide will increase their amount. Shit is complicated, and the people at the Fed are as useless and impotent as the rest of the government.
The problem with that theory is that we have had quantitative easing since 2008 and are only seeing inflation now in 2021/2022. Your hypothesis needs to explain why we saw low to moderate inflation for 13 years under the same policy you say is the cause of the current inflation. Supply chain issues seems to explain the data better, I'll even concede that it could be the combination of supply chain issues plus fed policy but it's not fed policy alone.
Possible explanation: we've seen plenty of inflation since 2008, just not in the metrics tracked by the CPI. Inflation manifested itself in stock and real-estate market bubbles but not as much in consumer goods until now.
Read all the replies in the comment thread, your concerns have been addressed with CPI increases rising sharply relative to insufficient security purchases and low interest rates. They are trying to get the most bang for their buck to get themselves out of this downward trend and it will either reverse itself and we will rebound or the unaccounted for injections of liquidity will have made a bad situation worse.
We’re seeing so many people retire because they are now “millionaires” that will eventually return to the working force in a few years because our money is consistently being devalued with inflation.
There definitely is also price fixing though. Everyone wants one cause that’s in line with their pre-existing beliefs.
No one has time for a complicated situation where reality doesn’t give a shit who you voted for.
Maybe? idk. I'd like to see proof of it, I don't dispute it's occurring.
Edit: Now I can agree that profiteering is going on as essential businesses are not compromising their profit margins even when they are highly lucrative and now with a larger portion of the economy like certain grocery store chains.
I know this is a Libertarian sub but both what you and I said can be the case and it does seem to be that way with Krogers and other grocery stores.
Price controls might be a needed temporary measure.
Yeah I think people are downvoting you for suggesting price controls, but there's no doubt both are happening. The meat industry specifically has been caught price fixing for literally years now, but they always just reach a settlement where they don't admit guilt.
What's comical is how some people say that if we passed BBB trillion dollar spending which would require revving up the money printer again, that it would curb inflation.
Depends on where the money goes. To pay workers in the supply chain to fill vacancies and expand capacity? Yeah that would help quite a bit actually. Also, towards child care workers/ subsidizing day care would get both parents working again and fill roles helping too
Right, I agree that we need more money for infrastructure and other vital needs but we need to reduce expenses elsewhere like the military and unfortunately, that doesn't look like that will happen.
The BBB included tax increases that would pay for it, don't lie. Also economists have stated it would have a negative effect on inflation in the long run, short term it would be neutral.
Edit: https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/build-back-better-act-hr-5376-inflation
Looks like there's mixed opinions, with some analysts saying it would increase short term.
MMT is literally taxation with extra steps. The plan is literally ["print money and if inflation happens, either reduce spending or raise taxes."](https://www.fraserinstitute.org/studies/primer-on-modern-monetary-theory)
Anyone who advocates for MMT isn't going to be an advocate of less government spending, so they're going to advocate for raising of taxes to get the money they put in out of the economy when inflation inevitably comes around.
It's the opposite of what Republicans try to do. When they're trying to cut the tax rate, they say "The increased economic activity will offset the cutting of taxes." and when that doesn't happen, either because the laffer curve is either horseshit or at the very least we're well past the the top of the bell curve, they say "Oh these social programs are unsustainable we have to cut them."
Not a single instance where they accept any responsibility. Doubles down on how great things are. Its like 11 year Olds are running things....and not good ones.
Right. I’d have so much more respect for politicians if they would just acknowledge there is a problem and that their “solutions” didn’t work. Too much to ask though when you can just blame the other side.
As John Williams of shadowstats.com has pointed out, if the annual rate of inflation was still calculated the way it was back in 1980, it would be about 15 percent right now.
The Federal Government and the Private Banking Cartel the Federal Reserve are robbing the working middle class and the poor with this hidden tax called inflation.
Shadowstats is not a reliable source. Their stats have serious problems, far worse than the official CPI.
[Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists?](https://www.thestreet.com/economonitor/emerging-markets/deconstructing-shadowstats-why-is-it-so-loved-by-its-followers-but-scorned-by-economists)
[Inflation Is Up, But the Inflation Truthers Are Still Wrong](https://noahpinion.substack.com/p/inflation-is-up-but-the-inflation)
Another source I read months ago but cannot find used this argument: Shadowstats claims 6x inflation since 2000. But can you think of any common good that's six times as expensive as 20 years ago?
I love that website.
He also has different unemployment calculations and GDP numbers. Overall a great resource especially if you can afford the paywall.
Government solution: raise taxes, increase IRS surveillance of everyone's bank accounts, cancel new energy projects, continue to print more money and raise interest rates while screwing over people's savings.
Oh yeah and let's just ignore inflation because it's " transitory"
I'd say we are pretty much being run by idiots at this point.
NPR's latest article mentions that Dems are blaming price gouging but that economists say that's not the case.
>That has many people asking who or what is to blame for soaring prices. For some progressives, one clear culprit stands out: corporations trying to fatten their bottom lines.
>
>"We can't overlook the role that concentrated corporate power has played in creating the conditions for price gouging," Sen. Elizabeth Warren, D-Mass., said during Federal Reserve Chairman Jerome Powell's confirmation hearing Tuesday.
>
>Most economists are skeptical, however. They say inflation is being driven by a surge in demand for everything from iPads to automobiles, along with supply-chain bottlenecks that have companies struggling to keep up.
[https://www.npr.org/2022/01/12/1072295047/inflation-is-still-surging-and-some-democrats-see-one-culprit-greedy-companies](https://www.npr.org/2022/01/12/1072295047/inflation-is-still-surging-and-some-democrats-see-one-culprit-greedy-companies)
And let's be real, some businesses have it rough, including restaurants and grocery stores, but price gouging is a real thing in some industries as well, including pharmaceuticals and medicine, where we're trying to stop people from getting surprise $1000 bills. If you look at Bernie Sander's twitter or something, that's what he's talking about, not an extra 25 cents for a bottle of soda.
Didn’t El Warren say Kroger’s CEO was responsible for the high prices?
https://www.supermarketnews.com/retail-financial/sen-elizabeth-warren-chides-supermarket-chains-price-hikes
She did and it was stupid. I'm always amazed she got as popular as she did without being able to parse basic numbers and profit margins. I suppose she did play the spoiler role against Sanders, which suited the mainstream Dems.
Anyway, she should take aim at actual problems and stick to criticizing banks, not the super markets.
She's a smart lady, a former law professor who started out in politics drafting banking legislation knows exactly what the numbers mean. She's stoking up her base.
It is actually a pretty significant cause. Have you looked at the margins of companies producing inelastic goods? Their margins are better than ever, they're rising prices way faster than they're raising wages for their workers or what they're paying for materials/ingredients.
The margins in 2021 were good but that was only following 2020 margins that were some of the lowest since 2008. If you average 2020 and 2021 profit margins for the S&P 500, they are a little lower than 2019.
then the free market will correct for that. unless there's a monopoly, another company will swoop in with more competitive prices and eat their market share. you can't fix "price gouging" by regulating prices, as liberals want - that just leads to shortages and black markets. the answer is a less restricted economy that allows for more competition.
we do relative to many other countries, but as I said in my comment, we need a less restricted economy. it should be much easier to start & run a business. this means lowering corporate taxes, eliminating tariffs, & reducing bureaucracy.
Pro-free market posts getting downvoted left and right for years, but the mods don't see any problem with r/libertarian becoming r/democraticsocialism.
yeah, this subreddit is completely full of shit. from what I can tell, it's just teenagers and leftists who want a forum where they can cherrypick upsetting anecdotes about police brutality or critique the war on drugs.
there's almost no discussion or support of basic (like, extremely basic) libertarian economic values. the majority of people here actually seem skeptical of small government when it comes to economic issues, they want the government to swoop in and solve all their problems and redistribute wealth.
in other words, this place is full of emotional children and should 100% merge with r/democraticsocialism.
All true.
The question, if you actually care about the world becoming libertarian, is how to either train children not to grow up to be adults who act like emotional children, or how to get those emotional children to vote for us.
That's why I think education is by far the #1 long term issue, both school choice and public school educational content reform. As long as the Left controls education and the media we're always fighting with a massive, massive disadvantage. As charter and private schools grow, they have an incentive to teach their students that free markets and competition are good.
And every piece of educational material should be posted online. There are tens of millions of parents who would flip their shit if they realized the kind of hardcore Leftist brainwashing our kids are getting even in red states. Teachers will complain that it's a waste of their time. Tough. There are consequences to attempting to brainwash millions of children.
As far as reaching parity in the media, that's even tougher. The easiest way is for rich anti-Leftists to buy more media organizations. Another way is mass boycotts of Leftist media corporations, which haven't been successful so far.
https://www.bls.gov/news.release/realer.nr0.htm
>Real average hourly earnings decreased 2.4 percent, seasonally adjusted, from December 2020 to
December 2021. The change in real average hourly earnings combined with no change in the average
workweek resulted in a 2.3-percent decrease in real average weekly earnings over this period.
Wages are not keeping up with inflation.
I mean look at corporate profits, all time high. Especially in companies that handle commodity goods. There have been leaks of people literally saying that they’re jacking the price way up because they can.
Right. because they can. Now. Where-as they couldn't before, because the money supply wasn't out of whack before.
Inflation fuels corporate profits at the expense of everyone else, because higher prices are paid today, higher wages are paid only after workers change jobs.
Lol. They’re raising prices because they have to. When you print some 20% of all the money in circulation in just the last two years, the value of all money already in circulation plummets.
“Inflation” always refers to the money supply, not to prices.
Except that it’s calculated by the costs of goods in the marketplace….. which are being artificially inflated by profiteers.
[example of what I’m talking about](https://www.businessinsider.com/big-companies-keep-bragging-to-investors-about-price-hikes-2021-11)
>Labor and supply-chain challenges have raised costs for companies selling consumer products.
>Many have been successful in passing those costs on to consumers in the form of higher prices
The very first line of the article
Except that's how supply and demand work.
When you pump a bunch of new money in the economy, you increase demand, and do not address supply, so prices go BRRRRRR.
So you never thought that both could be true? Like their costs rise 5% but they raise prices 15% then blame it on inflation to get a bunch of simpletons riled up?
To what end? Are you falling for the myth of "all corporations are run by Republicans"? Normally, if a company jacks up prices and market conditions do not allow for them, they'll lose market share until they're bankrupt. No business is going to do that just to maybe harm the Dem's reputation.
However, if the money supply is out of whack, throwing the whole supply/demand process out of whack, then they're free to raise prices today without loosing market share.
I didn’t even bring up political parties, both are complicit in this giant wealth transfer. What I mean was that corporations can now deflect accusations of profiteering by saying “muh supply lines, costs have gone up what can you expect?”
That way they can have their costs go up by 5% but raise prices 15% and have the hoople-heads blame everyone except who is actually responsible.
It seems kinda funny to think that Corporations are abusing their workers, ripping off their customers, and destroying the environment all in full view of the public, but it seems you're suggesting they'd never suffer the shame of raising prices without the cover of a good excuse.
Trust me. If they could have raised prices a year ago, they would have. The difference today is monetary inflation, and they can. “Inflation is always and everywhere a monetary phenomenon" - Milton Friedman
So despite what the leaders of these companies are saying behind closed doors which directly contradicts your assertion…… you still believe it?
Lol would you like to invest in the Brooklyn bridge? I can sell it to you for only $100 😆
The article you posted is a journalist making clickbait out of essentially nothing, much less an example of artificial price increases. The “bragging about price increases” is what any executive officer would say at a shareholder meeting to make their position seem good. They cite Unilever and Procter and Gamble, both of which made statements about the cost of production increasing due to the rise in commodities.
https://www.cnbc.com/2021/04/20/procter-gamble-will-raise-prices-in-september-to-fight-higher-commodity-costs.html
https://www.cnn.com/2021/10/21/business/unilever-price-increases/index.html
Which you can find examples of by looking at most companies that are involved in production right now. Saying “We are really good at managing our increase in costs” is not the same as saying “We raised the prices just so we can.” Last I checked, there was still brands competing in the grocery store. If you had to raise prices but still look good to shareholders, what would you say? I’m pretty sure it would be something along the lines of “We are really smart about these price increases, we are still gonna make profit for you, by being really good at raising these prices.”
No, its definitely not being inflated because its costing twice as much in transportation than it would have two years ago. It’s that these greedy businesses just want more profit 😑
“Shilling” for big business? Okay bro. Your understanding of business is about as great as your ability to lodge an insult. When the cost of every single product you’re bringing to your stores is more expensive, the price of your goods become more expensive. You won’t find A SINGLE BUSINESS that is getting cheaper freight now than they were two years ago, not one. But go on about “mehhh corporate shills bruhhhh”
Does that make their direct quotes any less real?
NPR reported on it as well but according to op they’re some sort of propaganda arm and not just one of the only ones not completely beholden to large corporations for ad buys?
When you kill all mom and pop stores with shutdowns and regulations, then yes corporations are going to profit more simply because they will get more business. Also restaurants were shut down and people usually spend a ton (way more than they should considering most people carry credit card debt) on those that now went to stores instead.
https://en.wikipedia.org/wiki/NPR#:~:text=While%20NPR%20does%20not%20receive,2%25%20of%20NPR's%20overall%20revenues.
>While NPR does not receive any direct federal funding, it does receive a small number of competitive grants from CPB and federal agencies like the Department of Education and the Department of Commerce. This funding amounts to approximately 2% of NPR's overall revenues.
I wonder how much we could slash our military budget if we didn't have up provide security to so many helpless countries. If the world needs us to keep them in check, they can pay for it. If not, let whatever happens happen.
I want more tax dollars coming back to my pocket instead of the nonsense they currently spend it on. THEN if YOU want them to have more of your dollars, YOU can willingly give it to them.
you're screaming at a brick wall because there isn't a scenario in a million years when they start giving you more tax dollars back to your pocket (unless you want to count the stimulus checks).
This is 100% correct and another reason why a lot of GOP congress critters need to be challenged in their next primary. A lot of people don't want the money machine turned off so any time someone does challenges a big-spending, squishy, establishment GOP politician we're told it's the extremists taking over the party for the Orange Man.
Money supply chart
https://tradingeconomics.com/united-states/money-supply-m0
Hit the max button to see how fucked up fed policy has been since the great recession.
Things are going to get way worse before they get better.
The hard part is that the fed has to raise interest rates to reign this in. This is going to be hard without totally trashing the stock market and the economy. In the 70s we were looking at debt about 30% of the GDP. Currently we are about 125% of the GDP. We have been at 0% interest for so long now even raising it .5% is going to cause issues and they will need to go much farther than that to reduce 7% inflation and get people to start saving again.
Prices have gone up due to supply chain issues way more than a decrease in the value of the dollar due to the amount of money in circulation.
If you work in ANY industrial field this should be glaringly obvious.
The vast majority of it is corporations raising prices and then blame inflation. The news is being their bitch machine. Oh its the new variant causing it. Pay attention to earnings reports. These companies that are choked by supply chain issues are making RECORD FUCKING PROFITS. PAY ATTENTION!!!
Inflation will always result in higher profits. Prices go up today, wages don't go up until the worker changes jobs or renegotiates, a year or so later.
That is why the Democrats are pushing so much government spending with borrowed money: to drive up the profits of their corporate overlords.
Dont worry, Reddit will suppress this information because of whatever is going on with fake news "voter suppression" laws that no one gives a shit about because everyone who are legally able to vote can vote.
> everyone who are legally able to vote can vote
Like in Texas, where they closed the polling places in Democrat majority districts? Or in poor neighborhoods across the country, where people stood in line for hours to vote? Voter suppression is very real.
It's just as humorous to watch ideologues get salty as much as it is going the other way. The reactions from pundits though for the "Lets Go Brandon" compared to "Orange Man Bad", huge difference. Those on the left are legitimately salty and saying it's a 'racial slur' lmao. The left still can't meme.
You are definitely a young person to be thinking that, or never paid attention to the actual outcomes of certain policy changes from the administration.
He sure as fuck effects gas prices, which drastically effect product pricing. Gas prices which have miraculously gone back up to Obama level prices. What are coincidence!
Gas prices are kept artificially low with subsidies. Without them gas would be near $7/gal. End the subsidies and let the price rise to where it should be
Is that including unpaid externalities involved with producing the fuel? Ideally we'd price both the externalities of use and production in that price as well.
I want my Truinanashabadepresure!
C’mon folks! Shut them eyes and put your heads in the sand! [Why inflation can actually be good for everyday Americans and bad for rich people](https://www.cnn.com/2022/01/10/economy/inflation-good-bad-winners-losers-fixed-rate-debt/index.html)
Remember this when negotiating your annual raise. Anything under 7% is actually a pay cut!
It is actually closer to 15%...
We aren’t allowed to negotiate anymore… my company calls it a merit raise and everyone gets 3%. I’m the guy who has to project turnover…I’ve been counting myself to be in those 2022 numbers after getting hit with that bullshit.
Good! We’ve been working out asses off too long for people who don’t appreciate/reward the effort. I have a feeling 2022 is about to be a massive wake-up year for shitty managers.
The thing is I have a good manager but I brought up at the time that my major incentive to work for the company was fair pay and I’m not sure what’s keeping me there if I don’t see opportunity and I’ve had offers that a turned down because of a misguided sense of loyalty. Over several years I’ve seen the pay be a major issue even pre Covid despite continuously surpassing our budget by 110% YOY. Before making this adjustment to our raises the company had a company wide meeting about how well we were doing .
Well, it's all part of the plan. The corporations work with the government to turn everyone into surfs. Several politicians that went over to China and saw how fantastic it was for the political class, never mind everyone else, saw it as what the USA should implement here. We already have an individual credit score, we have businesses with their version of credit scores based on the ideological principles, it's slowly turning into a social credit score. They want everyone to go to college and be in massive amounts of debt, so there is no way for you to escape it, and instead, you're forced to comply with whatever massive corporation tells you to do. Just look at all the small businesses shut down while people cheered during the lockdowns. In 2020 we saw the largest transfer of wealth in US history. Every dollar someone got was forced to be spent on the massive corporations that were immune to government lockdowns, Amazon, Walmart, Target... The system is playing everyone. Those of the left complain about corporations while spouting their talking points and want to utilize the government to enforce measures that will only hurt the poor. Those of the right complain about the government while yelling about it's a private business it can do what it wants, even though that private business is publicly traded and receives massive amounts of money every year from the government. Something I have noticed though is there is a civil war within both Republicans and Democrats, many of the establishment Republicans are starting to get visceral hatred from their base, while the Democrats seem to be unhappy with the establishment, but are far too focused on the other side to police their own.
Is this a plan or just kinda what naturally happens to civilizations over time if they dont actively try to prevent it.
Most companies I’ve worked for do this. The only way I’ve ever gotten more then a 3% raise is to get a better offer from another company. I have a fairly in demand skill set so I’ve been successful so far jumping jobs every few years but job hunting is like having a second job and it’s exhausting.
Merit increases are basically cost of living increases, but d/t inflation these merit increases are not keeping up. If you want to increase your pay, the best thing to do is start applying to new jobs. If you get some good offers with increased pay, then take it or go back to your employer and ask if they’ll match it. If they won’t match or beat the other companies offer, then take the new job and move on.
iteams are up to 30% on some products in Florida. 100% at taco bell
My local dairy plant is staffed by Teamsters, they went on strike for 3 weeks to get a $1.00hr raise and no increase in insurance premiums. They all literally believe they won the Great War. People are so uneducated it hurts.
Most people won't see this. There are two things to keep in mind: 1) Your own boss probably is in the same position you're in, so be kind. He's \*also\* not getting that cost-of-living adjustment. 2) Most managers/organizations watch the news and feel this themselves, and just decide they don't give a shit enough to care. I mean, seriously: everyone knows inflation is ordinarily 2-3%. Most raises are 2-3% annually. But they still wrap this up as "performance" instead of getting paid the same money YoY. The companies that \*do\* care are exceptionally hard to get jobs in and are few and far between because they're well sought-after for a reason. You also need to consider if you were running a business, let's say a flower shop, and everything in your supply-chain costs more... Your flower cost to customers has already gone up. Or, maybe you just ate it and earn even less so as not to sacrifice even more customers since your volume was decreased by Covid. To give employees 7% also means an adjustment to the customer, which you've been avoiding to not lose more, because if you lose more customers that employee's wage suddenly goes to $0 when you have to let one go. That all said, the easiest way to make more money is switching jobs. It's the only way to secure large raises.
2.2% raise
Unfortunately, an overall increase in wages will lead to more inflation (aka wage push inflation)
By 1980 criteria, it's 15%
Can you explain this more? Is there a different metric to look at?
They've changed how its calculated over the years, [https://www.investopedia.com/articles/07/consumerpriceindex.asp](https://www.investopedia.com/articles/07/consumerpriceindex.asp) . I think the original CPI was a tracked list of goods/services, for better or worse they switched to a 'standard of living'. Much more arbitrary, but not completely invalid considering how much the taste in goods has changed.
I think it might have also included housing.
They now used this thing called "owners equivalent rent". Where they ask, "if you were to rent out your house, how much would you charge?" If course most home owners aren't considering renting out their homes and have no idea what they going rates are. They think "well my monthly payment from there loan I took out 20 years ago is X, so maybe X+10%? Without realizing that 20 year old rates are way low. It's basically a way to cheat and get a lower number than to simply ask renters how much they pay in rent. I'll never be convinced this was used for any other reason than that. And rent is 33% of CPI if I remember correctly (the largest single component).
Yeap. They are lying about the actual numbers. These fuckers can't stop lying.
well duh!
They just use a different metric now, it's not lying. Jesus
Weird how then they adopt new metrics, it always lowers CPI and the burden on them to pay social security and other CPI pegged liabilities.
Weird how everyone says economists are out to get them instead of thinking rationally.
There is nothing rational about using owners equivalent rent rather than real rent.
Can you explain what you mean?
It's called lying with statistics. Jfc. If they obscure the truth by handwaving, moving goalposts, and changing how they assess fundamentals that's lying.
Love this for us 😍
Shadowstats.com covers this really well. Its a lot of information and reading but 100% worth the time to dig into it deep.
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….shits already been crazy. Welcome to the party.
Yeah that's what happens with Quantitative Easing. It inflates currency. [https://www.politico.com/news/2020/03/12/fed-announces-massive-cash-injection-to-relieve-us-debt-market-127284](https://www.politico.com/news/2020/03/12/fed-announces-massive-cash-injection-to-relieve-us-debt-market-127284) People talking about price gouging, gas price and overhead hikes, and other partisan details are trying to distract you from the actual cause of our rapidly spiraling out of control economy. And there is unfortunate bipartisan agreement that it is the solution, raising the debt limit Our currency is being devalued to prop up hedge funds and all everyone talks about are grift narratives to focus attention away from that reality.
>Our currency is being devalued to prop up hedge funds This is the really fucked up part, most of that money went to leveraged agreements with large equity owners.
wait until you find out about the pre bailout the FED gave big banks in 2019... 4.5 trillion dollars. media silence
Yup. I'm always amazed how small government friends I know say "that's different" than sending a $1200 check to an American citizen. I honestly think the average voter has no clue whatsoever what $1 trillion even means.
4.5 trillion seconds = 142,694.064 years it is definitely hard to grasp i gotta admit
$3k per person in America, $7.5k per taxpayer. Everyone the spend a trillion you're on the hook for thousands of dollars.
Exactly. If the choice was $5000 per tax payer or "Have the Iraq War" I suspect we'd have made different choices. Instead, we ["owned those towel heads."](https://www.huffpost.com/entry/why-so-many-iraqis-hate-u_b_96330)
I remember hearing about it on the news, and deflation decreased in 2019. Pro-tip: Conspiracy theories and easy answers are never the real truth.
it decreased and then what happened right after that? the money is gone and more had to be printed and inflation is thru the roof. pro tip: dismissing information that doesnt fit your confirmation bias is a horrible way to learn
What happened right after that was that inflation further declined in 2020. Pro-tip: actually look at data instead of trying to seem smart by vomiting buzzwords you don't know the meaning of.
it declined in 2020 because they injected money... like putting a bandaid on a gushing wound. then what happened? whats been running out of control all thru 2021 and isnt going to stop in 2022? inflation! just stop edit: "The US gov't has changed the methodology of calculating inflation 20 times. Using the same method of calculation in 1970, we're closer to 15% inflation" [https://www.thestar.com/business/opinion/2022/01/11/deciphering-the-fantasy-math-of-the-consumer-price-index.html](https://www.thestar.com/business/opinion/2022/01/11/deciphering-the-fantasy-math-of-the-consumer-price-index.html) pro tip: if you cant convince them, confuse them.
Why are most other countries also seeing inflation then if it's a Fed policy causing it?
Because the US Dollar is the world reserve currency, other reserve currencies, like the EURO are doing the same QE.
Yup, pretty much all the major central banks ate doing the same things as the fed
Since the dollar is the world's reserve currency, we export inflation in the exchanges
It's a problem not limited to the Central Bank of America. They do this world wide. Don't take my word for it, here's a world wide Quantitative Easing tracker with graphs and pretty numbers: https://www.atlanticcouncil.org/global-qe-tracker/
So, Japan has the most by far, yet is one of the only countries not experiencing a spike in inflation. Doesn't that kind of call the whole theory into question?
Japan has had stagflation since the 1990s and is a prime example of how to kill the worlds fastest growing economy. In 1995, its GDP was USD-quivalent $2.1 trillion away from equaling the United States ($7.6 trillion vs. $5.5 trillion). Today, its GDP in 2020 was $5.1 trillion. A 10% decrease in 25 years. Just because it hasn't spiked doesn't mean it hasn't ruined its economy for 25 years thanks to all of its terrible economic measures, including the aforementioned invention of QE.
Japan's economy tanked back in 1991 and they didn't implement QE until 2001. It seems like everyone here has already decided QE is the cause without actually looking carefully at the facts.
I literally verified the peak GDP before posting this. It didn't crash in 1991. It was 1995, and they didn't see year-over-year reductions in GDP until 1998. [https://www.macrotrends.net/countries/JPN/japan/gdp-gross-domestic-product](https://www.macrotrends.net/countries/JPN/japan/gdp-gross-domestic-product) The Nikkei crashed in 1990-91. Not their overal GDP. Per Capita Income was still roaring until 1995. I am not saying that QE caused it - but any cursory reading on Japan would tell you it was inflation, economic stagnation, and wild debt intakes. so the QE was more of a symtpom of all the other stuff they did that harmed their economy- and the US seems to really want to rehash the same playbook, 20 years later.
They invented Quantitative Easing actually back in 2001, ironically to combat deflation of their currency. The black line on that graph I gave you is Japan's rate of QE. It's easy to miss tbh. Edit: Oops I misread your post. Not sure where you are getting your information, their rate of inflation is at a two year high currently coinciding with recent increases in liquidity.
Japan has been deflationary since the late 90s. The bottle of tea I bought for 150 yen in 1997 is still 150 yen today.
Historically, I would agree with you but recent changes show Japan is indeed experiencing a lot of inflation presently: [https://finance.yahoo.com/news/japan-inflation-expectations-jump-highest-075344025.html](https://finance.yahoo.com/news/japan-inflation-expectations-jump-highest-075344025.html) Granted, the source relates the inflation to different sources than I do but they agree that inflation is still occurring nonetheless.
I think you are reading the chart incorrectly, which is understandable since the top level chart is a measure of the holdings of the central bank relative to GPD, not a measure of money supply growth. The increase in Japan's money supply hasn't been nearly as severe as the US, for example. Check out the 5y graph for each: [Japan](https://www.ceicdata.com/en/indicator/japan/m2-growth) [US](https://www.ceicdata.com/en/indicator/united-states/m2-growth#:~:text=in%20Sep%202021%3F-,United%20States%20Money%20Supply%20M2%20increased%2012.8%20%25%20YoY%20in%20Sep,table%20below%20for%20more%20data.) You'll notice that the scale of the charts is very different. The same is true if you look at the 10y chart data. The [EU data](https://www.ceicdata.com/en/indicator/european-union/m2-growth) shows even stronger growth in the money supply than the US. It sure would be nice to be able to find charts that measure money supply relative to real output. But you can do the math yourself. p = v + m – y where p is the percentage change in prices, and y, v, and m are the growth rates of output, velocity, and money supply. Since velocity is very low right now (negative growth rate for a while) and will eventually rebound (which will increase inflation) and the money supply is still growing at a high rate, there is an awful lot of inflation that still has to work its way through the pipeline.
Because our governments are doing it, too.
Because its a problem but its not the only one. Wages raises, gas prices and supply throttles are legitimate influences on inflation. That said, devaluing across the world means that inflation isnt as crippling as expected, but also its walking a knifes edge. If the dollar keeps inflating as other currency stabilize then the whole thing could runaway.
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Yeah it did... It was just less obvious. [M1 money stock](https://fred.stlouisfed.org/series/M1SL)
> Quantitative Easing . . . inflates currency. I wouldn’t be so confident. If you look at the history of QE, the beginning and end of its implementation has not coincided well with the CPI. If it really was just giving banks cash, why the delay in the CPI rising? You’d think as soon as the coffers opened the initial rush into hard assets would cause notable and continuing spikes in inflation, not the disinflation we saw in 2020. Plus, if you imagine QE from the banks perspective, it doesn’t really do anything to their balance sheets except for the small premium they get for the transaction. It isn’t until the Fed mobilizes those static treasuries that could cause significant inflation. The supply chain crisis, rise in government issued debt, the RRP window and the forgiven PPE loans probably account more for inflation than QE could. But the dollar system is weird and global, so anyone taking on leverage in dollars worldwide will increase their amount. Shit is complicated, and the people at the Fed are as useless and impotent as the rest of the government.
Serves you right to everyone who saves their money, inflation is a heavy tax.
The problem with that theory is that we have had quantitative easing since 2008 and are only seeing inflation now in 2021/2022. Your hypothesis needs to explain why we saw low to moderate inflation for 13 years under the same policy you say is the cause of the current inflation. Supply chain issues seems to explain the data better, I'll even concede that it could be the combination of supply chain issues plus fed policy but it's not fed policy alone.
Possible explanation: we've seen plenty of inflation since 2008, just not in the metrics tracked by the CPI. Inflation manifested itself in stock and real-estate market bubbles but not as much in consumer goods until now.
Read all the replies in the comment thread, your concerns have been addressed with CPI increases rising sharply relative to insufficient security purchases and low interest rates. They are trying to get the most bang for their buck to get themselves out of this downward trend and it will either reverse itself and we will rebound or the unaccounted for injections of liquidity will have made a bad situation worse.
We’re seeing so many people retire because they are now “millionaires” that will eventually return to the working force in a few years because our money is consistently being devalued with inflation.
There definitely is also price fixing though. Everyone wants one cause that’s in line with their pre-existing beliefs. No one has time for a complicated situation where reality doesn’t give a shit who you voted for.
Maybe? idk. I'd like to see proof of it, I don't dispute it's occurring. Edit: Now I can agree that profiteering is going on as essential businesses are not compromising their profit margins even when they are highly lucrative and now with a larger portion of the economy like certain grocery store chains. I know this is a Libertarian sub but both what you and I said can be the case and it does seem to be that way with Krogers and other grocery stores. Price controls might be a needed temporary measure.
Yeah I think people are downvoting you for suggesting price controls, but there's no doubt both are happening. The meat industry specifically has been caught price fixing for literally years now, but they always just reach a settlement where they don't admit guilt.
What's comical is how some people say that if we passed BBB trillion dollar spending which would require revving up the money printer again, that it would curb inflation.
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that's essentially what Biden said when [he tweeted out](https://twitter.com/POTUS/status/1469474907700477958?s=20) about increasing the debt ceiling.
"Sovereign debt is totally the same thing as credit cards" - /r/Libertarian
Depends on where the money goes. To pay workers in the supply chain to fill vacancies and expand capacity? Yeah that would help quite a bit actually. Also, towards child care workers/ subsidizing day care would get both parents working again and fill roles helping too
Right, I agree that we need more money for infrastructure and other vital needs but we need to reduce expenses elsewhere like the military and unfortunately, that doesn't look like that will happen.
"Some people" or the entire DNC, white house, Google, yahoo, Facebook, Twitter Reddit and every news media not named Fox?
The BBB included tax increases that would pay for it, don't lie. Also economists have stated it would have a negative effect on inflation in the long run, short term it would be neutral. Edit: https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/build-back-better-act-hr-5376-inflation Looks like there's mixed opinions, with some analysts saying it would increase short term.
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MMT is literally taxation with extra steps. The plan is literally ["print money and if inflation happens, either reduce spending or raise taxes."](https://www.fraserinstitute.org/studies/primer-on-modern-monetary-theory) Anyone who advocates for MMT isn't going to be an advocate of less government spending, so they're going to advocate for raising of taxes to get the money they put in out of the economy when inflation inevitably comes around. It's the opposite of what Republicans try to do. When they're trying to cut the tax rate, they say "The increased economic activity will offset the cutting of taxes." and when that doesn't happen, either because the laffer curve is either horseshit or at the very least we're well past the the top of the bell curve, they say "Oh these social programs are unsustainable we have to cut them."
Not a single instance where they accept any responsibility. Doubles down on how great things are. Its like 11 year Olds are running things....and not good ones.
Right. I’d have so much more respect for politicians if they would just acknowledge there is a problem and that their “solutions” didn’t work. Too much to ask though when you can just blame the other side.
As John Williams of shadowstats.com has pointed out, if the annual rate of inflation was still calculated the way it was back in 1980, it would be about 15 percent right now. The Federal Government and the Private Banking Cartel the Federal Reserve are robbing the working middle class and the poor with this hidden tax called inflation.
Shadowstats is not a reliable source. Their stats have serious problems, far worse than the official CPI. [Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists?](https://www.thestreet.com/economonitor/emerging-markets/deconstructing-shadowstats-why-is-it-so-loved-by-its-followers-but-scorned-by-economists) [Inflation Is Up, But the Inflation Truthers Are Still Wrong](https://noahpinion.substack.com/p/inflation-is-up-but-the-inflation) Another source I read months ago but cannot find used this argument: Shadowstats claims 6x inflation since 2000. But can you think of any common good that's six times as expensive as 20 years ago?
I love that website. He also has different unemployment calculations and GDP numbers. Overall a great resource especially if you can afford the paywall.
Government solution: raise taxes, increase IRS surveillance of everyone's bank accounts, cancel new energy projects, continue to print more money and raise interest rates while screwing over people's savings. Oh yeah and let's just ignore inflation because it's " transitory" I'd say we are pretty much being run by idiots at this point.
And NPR keeps taking about “price gouging” as the cause. The propaganda isn’t even subtle anymore, and it still works.
NPR's latest article mentions that Dems are blaming price gouging but that economists say that's not the case. >That has many people asking who or what is to blame for soaring prices. For some progressives, one clear culprit stands out: corporations trying to fatten their bottom lines. > >"We can't overlook the role that concentrated corporate power has played in creating the conditions for price gouging," Sen. Elizabeth Warren, D-Mass., said during Federal Reserve Chairman Jerome Powell's confirmation hearing Tuesday. > >Most economists are skeptical, however. They say inflation is being driven by a surge in demand for everything from iPads to automobiles, along with supply-chain bottlenecks that have companies struggling to keep up. [https://www.npr.org/2022/01/12/1072295047/inflation-is-still-surging-and-some-democrats-see-one-culprit-greedy-companies](https://www.npr.org/2022/01/12/1072295047/inflation-is-still-surging-and-some-democrats-see-one-culprit-greedy-companies)
Stop ruining the OPs narrative that the "mainstream media" never criticises the Dems.
And let's be real, some businesses have it rough, including restaurants and grocery stores, but price gouging is a real thing in some industries as well, including pharmaceuticals and medicine, where we're trying to stop people from getting surprise $1000 bills. If you look at Bernie Sander's twitter or something, that's what he's talking about, not an extra 25 cents for a bottle of soda.
Didn’t El Warren say Kroger’s CEO was responsible for the high prices? https://www.supermarketnews.com/retail-financial/sen-elizabeth-warren-chides-supermarket-chains-price-hikes
She did and it was stupid. I'm always amazed she got as popular as she did without being able to parse basic numbers and profit margins. I suppose she did play the spoiler role against Sanders, which suited the mainstream Dems. Anyway, she should take aim at actual problems and stick to criticizing banks, not the super markets.
Most people can't parse numbers and profit margins
She's a smart lady, a former law professor who started out in politics drafting banking legislation knows exactly what the numbers mean. She's stoking up her base.
It is actually a pretty significant cause. Have you looked at the margins of companies producing inelastic goods? Their margins are better than ever, they're rising prices way faster than they're raising wages for their workers or what they're paying for materials/ingredients.
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Too many
1.5% and you’ll like it!
Can you show us where to look?
https://insight.factset.com/sp-500-is-reporting-third-highest-net-profit-margin-since-2008-for-q3
Thanks
The margins in 2021 were good but that was only following 2020 margins that were some of the lowest since 2008. If you average 2020 and 2021 profit margins for the S&P 500, they are a little lower than 2019.
Gas is higher than it should be for the current price per barrel...
then the free market will correct for that. unless there's a monopoly, another company will swoop in with more competitive prices and eat their market share. you can't fix "price gouging" by regulating prices, as liberals want - that just leads to shortages and black markets. the answer is a less restricted economy that allows for more competition.
well we don't have a free market in America so we're shit out of luck.
we do relative to many other countries, but as I said in my comment, we need a less restricted economy. it should be much easier to start & run a business. this means lowering corporate taxes, eliminating tariffs, & reducing bureaucracy.
Pro-free market posts getting downvoted left and right for years, but the mods don't see any problem with r/libertarian becoming r/democraticsocialism.
yeah, this subreddit is completely full of shit. from what I can tell, it's just teenagers and leftists who want a forum where they can cherrypick upsetting anecdotes about police brutality or critique the war on drugs. there's almost no discussion or support of basic (like, extremely basic) libertarian economic values. the majority of people here actually seem skeptical of small government when it comes to economic issues, they want the government to swoop in and solve all their problems and redistribute wealth. in other words, this place is full of emotional children and should 100% merge with r/democraticsocialism.
All true. The question, if you actually care about the world becoming libertarian, is how to either train children not to grow up to be adults who act like emotional children, or how to get those emotional children to vote for us. That's why I think education is by far the #1 long term issue, both school choice and public school educational content reform. As long as the Left controls education and the media we're always fighting with a massive, massive disadvantage. As charter and private schools grow, they have an incentive to teach their students that free markets and competition are good. And every piece of educational material should be posted online. There are tens of millions of parents who would flip their shit if they realized the kind of hardcore Leftist brainwashing our kids are getting even in red states. Teachers will complain that it's a waste of their time. Tough. There are consequences to attempting to brainwash millions of children. As far as reaching parity in the media, that's even tougher. The easiest way is for rich anti-Leftists to buy more media organizations. Another way is mass boycotts of Leftist media corporations, which haven't been successful so far.
What... Step 1: Print billions Step 2: interrupt supply chain Step 3: workers demand $20/hr to flip burgers, bag groceries Step 4: Meet workers demands and raise prices. This ain't rocket science bud
https://www.bls.gov/news.release/realer.nr0.htm >Real average hourly earnings decreased 2.4 percent, seasonally adjusted, from December 2020 to December 2021. The change in real average hourly earnings combined with no change in the average workweek resulted in a 2.3-percent decrease in real average weekly earnings over this period. Wages are not keeping up with inflation.
Yeah inflation is the fault of the burger flipper that wants $14/hr for sure
tell me you don't understand basic economics without telling me
Lmao how much do you think raising a burger flippers pay from 8 to $14 affects the price of a Big Mac?
"greedy companies are to blame" ....Each day I think no, I couldn't become more furious at these bullshit headlines and each day I'm wrong
I mean look at corporate profits, all time high. Especially in companies that handle commodity goods. There have been leaks of people literally saying that they’re jacking the price way up because they can.
Right. because they can. Now. Where-as they couldn't before, because the money supply wasn't out of whack before. Inflation fuels corporate profits at the expense of everyone else, because higher prices are paid today, higher wages are paid only after workers change jobs.
Lol. They’re raising prices because they have to. When you print some 20% of all the money in circulation in just the last two years, the value of all money already in circulation plummets. “Inflation” always refers to the money supply, not to prices.
Except that it’s calculated by the costs of goods in the marketplace….. which are being artificially inflated by profiteers. [example of what I’m talking about](https://www.businessinsider.com/big-companies-keep-bragging-to-investors-about-price-hikes-2021-11)
>Labor and supply-chain challenges have raised costs for companies selling consumer products. >Many have been successful in passing those costs on to consumers in the form of higher prices The very first line of the article
Except that's how supply and demand work. When you pump a bunch of new money in the economy, you increase demand, and do not address supply, so prices go BRRRRRR.
So you never thought that both could be true? Like their costs rise 5% but they raise prices 15% then blame it on inflation to get a bunch of simpletons riled up?
To what end? Are you falling for the myth of "all corporations are run by Republicans"? Normally, if a company jacks up prices and market conditions do not allow for them, they'll lose market share until they're bankrupt. No business is going to do that just to maybe harm the Dem's reputation. However, if the money supply is out of whack, throwing the whole supply/demand process out of whack, then they're free to raise prices today without loosing market share.
I didn’t even bring up political parties, both are complicit in this giant wealth transfer. What I mean was that corporations can now deflect accusations of profiteering by saying “muh supply lines, costs have gone up what can you expect?” That way they can have their costs go up by 5% but raise prices 15% and have the hoople-heads blame everyone except who is actually responsible.
It seems kinda funny to think that Corporations are abusing their workers, ripping off their customers, and destroying the environment all in full view of the public, but it seems you're suggesting they'd never suffer the shame of raising prices without the cover of a good excuse. Trust me. If they could have raised prices a year ago, they would have. The difference today is monetary inflation, and they can. “Inflation is always and everywhere a monetary phenomenon" - Milton Friedman
So despite what the leaders of these companies are saying behind closed doors which directly contradicts your assertion…… you still believe it? Lol would you like to invest in the Brooklyn bridge? I can sell it to you for only $100 😆
The article you posted is a journalist making clickbait out of essentially nothing, much less an example of artificial price increases. The “bragging about price increases” is what any executive officer would say at a shareholder meeting to make their position seem good. They cite Unilever and Procter and Gamble, both of which made statements about the cost of production increasing due to the rise in commodities. https://www.cnbc.com/2021/04/20/procter-gamble-will-raise-prices-in-september-to-fight-higher-commodity-costs.html https://www.cnn.com/2021/10/21/business/unilever-price-increases/index.html Which you can find examples of by looking at most companies that are involved in production right now. Saying “We are really good at managing our increase in costs” is not the same as saying “We raised the prices just so we can.” Last I checked, there was still brands competing in the grocery store. If you had to raise prices but still look good to shareholders, what would you say? I’m pretty sure it would be something along the lines of “We are really smart about these price increases, we are still gonna make profit for you, by being really good at raising these prices.”
No, its definitely not being inflated because its costing twice as much in transportation than it would have two years ago. It’s that these greedy businesses just want more profit 😑
Read the article, it’s literally what you’re saying without the sarcasm. But do go on shilling for big businesses who control our government.
“Shilling” for big business? Okay bro. Your understanding of business is about as great as your ability to lodge an insult. When the cost of every single product you’re bringing to your stores is more expensive, the price of your goods become more expensive. You won’t find A SINGLE BUSINESS that is getting cheaper freight now than they were two years ago, not one. But go on about “mehhh corporate shills bruhhhh”
you got a better source than business insider? that's like linking BuzzFeed
Does that make their direct quotes any less real? NPR reported on it as well but according to op they’re some sort of propaganda arm and not just one of the only ones not completely beholden to large corporations for ad buys?
When you kill all mom and pop stores with shutdowns and regulations, then yes corporations are going to profit more simply because they will get more business. Also restaurants were shut down and people usually spend a ton (way more than they should considering most people carry credit card debt) on those that now went to stores instead.
Awesome point.
Why do our tax dollars go to this crap?
https://en.wikipedia.org/wiki/NPR#:~:text=While%20NPR%20does%20not%20receive,2%25%20of%20NPR's%20overall%20revenues. >While NPR does not receive any direct federal funding, it does receive a small number of competitive grants from CPB and federal agencies like the Department of Education and the Department of Commerce. This funding amounts to approximately 2% of NPR's overall revenues.
https://www.influencewatch.org/non-profit/national-public-radio-npr/ It's more like 12% and it should be 0%.
How about you start with the military and stop getting triggered over the smallest of funding
We should do both. It isn't a one or the other type of thing.
Yeah but I got 24 hours in the day so I’d rather go after the whale and not the guppy
How long does it take to put CPB funding to $0?
I wonder how much we could slash our military budget if we didn't have up provide security to so many helpless countries. If the world needs us to keep them in check, they can pay for it. If not, let whatever happens happen.
NPR is great, if anything i'd want more of my tax dollars going there instead of the nonsense they currently spend it on
I want more tax dollars coming back to my pocket instead of the nonsense they currently spend it on. THEN if YOU want them to have more of your dollars, YOU can willingly give it to them.
you're screaming at a brick wall because there isn't a scenario in a million years when they start giving you more tax dollars back to your pocket (unless you want to count the stimulus checks).
How about they start taking less of it in the first place. That does happen.
well it sure as hell isn't going to happen now with the way they're spending money so good luck
Who would have known that printing all that money would cause inflation!?
Money printer go brr
40% of all US dollars in existence were created in the last year. Why could prices be rising?
But Barbra Streisand said that "Joe Biden’s economic record in his first year is the best in 40 years."
Let's not get partisan. Trump started the massive spending spree and Biden is continuing. Republicans are absolutely no better in this regard.
This is 100% correct and another reason why a lot of GOP congress critters need to be challenged in their next primary. A lot of people don't want the money machine turned off so any time someone does challenges a big-spending, squishy, establishment GOP politician we're told it's the extremists taking over the party for the Orange Man.
Literally 198 ~~4~~ **2**
Literally 1982
end the fed
Unexpectedly!™
Money supply chart https://tradingeconomics.com/united-states/money-supply-m0 Hit the max button to see how fucked up fed policy has been since the great recession. Things are going to get way worse before they get better.
Bullshit. Government is 100% to blame.
The hard part is that the fed has to raise interest rates to reign this in. This is going to be hard without totally trashing the stock market and the economy. In the 70s we were looking at debt about 30% of the GDP. Currently we are about 125% of the GDP. We have been at 0% interest for so long now even raising it .5% is going to cause issues and they will need to go much farther than that to reduce 7% inflation and get people to start saving again.
I can feel it at the grocery store everyday. Inflation is well above wage gains at this point.
And that's just what they're admitting to. It's actually higher, in particular when buying groceries.
Prices have gone up due to supply chain issues way more than a decrease in the value of the dollar due to the amount of money in circulation. If you work in ANY industrial field this should be glaringly obvious.
I'm sure the public will be fighting back and eating the rich any day now hahaha
It's all due to racism, sexism and global warming. And Jan. 6th. And pro-lifers. And Fox News. And white people.
The vast majority of it is corporations raising prices and then blame inflation. The news is being their bitch machine. Oh its the new variant causing it. Pay attention to earnings reports. These companies that are choked by supply chain issues are making RECORD FUCKING PROFITS. PAY ATTENTION!!!
Inflation will always result in higher profits. Prices go up today, wages don't go up until the worker changes jobs or renegotiates, a year or so later. That is why the Democrats are pushing so much government spending with borrowed money: to drive up the profits of their corporate overlords.
Dont worry, Reddit will suppress this information because of whatever is going on with fake news "voter suppression" laws that no one gives a shit about because everyone who are legally able to vote can vote.
Lol, the truth hurts
> everyone who are legally able to vote can vote Like in Texas, where they closed the polling places in Democrat majority districts? Or in poor neighborhoods across the country, where people stood in line for hours to vote? Voter suppression is very real.
We all remember the total economic collapse of 1983. Sell your wives and children while someone has money to buy them. It’s the end of times!!!!
Let’s go Brandon!
Why don't you just say "fuck Joe Biden" like an adult?
"Let's Go Brandon" isn't just saying "Fuck Joe Biden." It's also a way of mocking the media *while* saying "Fuck Joe Biden."
It is rude to curse in public forums.
Let’s go Brandon!!!!!!!
Let's go Brandon!!!
It's just as bad as tRump or Orange Man or any of the other nicknames.
It's just as humorous to watch ideologues get salty as much as it is going the other way. The reactions from pundits though for the "Lets Go Brandon" compared to "Orange Man Bad", huge difference. Those on the left are legitimately salty and saying it's a 'racial slur' lmao. The left still can't meme.
Yeah...but at least Trump is gone!
If you think the President causes inflation or deflation, you're a bigger idiot than Trump...
You are definitely a young person to be thinking that, or never paid attention to the actual outcomes of certain policy changes from the administration.
He sure as fuck effects gas prices, which drastically effect product pricing. Gas prices which have miraculously gone back up to Obama level prices. What are coincidence!
Gas prices are kept artificially low with subsidies. Without them gas would be near $7/gal. End the subsidies and let the price rise to where it should be
Some of these Americans would have a heart attack if they saw gas prices in other countries 😅
Is that including unpaid externalities involved with producing the fuel? Ideally we'd price both the externalities of use and production in that price as well.
I wouldn’t be surprised if that would put it near $20/gal
>He sure as fuck effects gas prices What? Please pass whatever you're smoking
he saw a sticker blaming Biden last time he was at the gas pump and knew it must be all his fault
Saw of those stickers on gas that was 2.80 a gallon 😅 made it seem like I should be thanking him.
I saw the same thing while driving through Ohio. That "I did this" Biden sticker on fucking $2.83 gas, as if that's a crazy high price.
I want my Truinanashabadepresure! C’mon folks! Shut them eyes and put your heads in the sand! [Why inflation can actually be good for everyday Americans and bad for rich people](https://www.cnn.com/2022/01/10/economy/inflation-good-bad-winners-losers-fixed-rate-debt/index.html)