So it turns out you can't just create trillions and trillions of dollars out of thin air without consequences.
Who knew?
Who knew?
Why is Everything so Damn Expensive?
- Thread starter brian64
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Well... to be clear ... you and I can't. ...
Most of that beyond inflation. A lot of that stuff at this point is simply because people will pay it. It’s like a game of chicken now, how far can you push the envelope before your sale buckles.
I can't say how I really feel or I'd be banned from the forum so ibtl .
Inflation hasn't matched wages for a long time.
It’s sad people don’t understand basic economics. You can’t just print more without diluting its value. Also having a government making it rain $$$. Government doesn't deal with the consequences. We taxpayers have to foot the bill. Last bit you can’t make the minimum pay a “livable” wage without passing the additional cost to the consumers.
Oof I went off the rails
Oof I went off the rails
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Man, you should see the graphs of productivity vs wages. Productivity is higher than ever, absolutely skyrocketed while wages barely moved.
Related:
finance.yahoo.com
www.epi.org
Related:
The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024
Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.
The Productivity–Pay Gap
The huge gap between rising incomes at the top and stagnating pay for the rest of us shows that workers are no longer benefiting from their rising productivity. Before 1979, worker pay and productivity grew in tandem. But since 1979, productivity has grown eight times faster than typical worker...
www.epi.org
But the minimum wage!Man, you should see the graphs of productivity vs wages. Productivity is higher than ever, absolutely skyrocketed while wages barely moved.
Related:
The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024
Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.
The Productivity–Pay Gap
The huge gap between rising incomes at the top and stagnating pay for the rest of us shows that workers are no longer benefiting from their rising productivity. Before 1979, worker pay and productivity grew in tandem. But since 1979, productivity has grown eight times faster than typical worker...
I mean, that’s really gonna turn the tables, right?
It seems tougher in the world than "the good old days" that we recall so fondly. It's going to get even tougher when people realize that things are going to get worse.
Another big part of the problem is the C-Suite only caring about the short-term and kowtowing to shareholders at the expense of... well, everyone.
I mean, what a shocker that making someone else more money isn't a motivating factor for someone to work harder when it doesn't benefit themselves. I should charge them a million dollars for counselling to tell them: "your workers are motivated by better pay for themselves, almost nobody thinks of the company as 'family' and don't care about the company as long as their jobs are secure and payment guaranteed; to them it's not their life, it's just a job they do for money to survive."
www.businessinsider.com
Also relevant:
finance.yahoo.com
I mean, what a shocker that making someone else more money isn't a motivating factor for someone to work harder when it doesn't benefit themselves. I should charge them a million dollars for counselling to tell them: "your workers are motivated by better pay for themselves, almost nobody thinks of the company as 'family' and don't care about the company as long as their jobs are secure and payment guaranteed; to them it's not their life, it's just a job they do for money to survive."
Panera founder says employees aren't motivated by the idea of making money for shareholders: 'Nobody cares'
Panera's founder says "therapists belong in the C-Suite" and can help CEOs understand workers' motivations.
www.businessinsider.com
Also relevant:
For Gen X, a 'dream retirement' is a long shot
A new survey found that almost half of Gen Xers have done no retirement planning and don't have nearly enough saved.
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Wow, 4 years ago his rent was $1,200, now it's $2,100??? Man, I wonder what changed from 4 years ago?
The root cause?
All life forms are hardwired to be as greedy as they can get away with, thank you Second Law of Thermodynamics, and humans (hu-persons? hu-its? hu-thems?) are life forms.
How is that drive manifesting itself these days? Institutionalized opportunism in the name of feduciary duty when it comes to quarterly profit reports. (i.e. long term effects are not our problem)
When times are uncertain, it's especially bad. People grab at whatever they can in any way they can.
All life forms are hardwired to be as greedy as they can get away with, thank you Second Law of Thermodynamics, and humans (hu-persons? hu-its? hu-thems?) are life forms.
How is that drive manifesting itself these days? Institutionalized opportunism in the name of feduciary duty when it comes to quarterly profit reports. (i.e. long term effects are not our problem)
When times are uncertain, it's especially bad. People grab at whatever they can in any way they can.
Big trouble will come soon, Great Depression type stuff, difference this time is that we have devolved. We take pictures instead of helping, says it all really!
I live in the US and over the past three years inflation is up around 17%, previous trends a three year run rate should be around 6-7%. That additional 10% is likely never recoverable for those of us lucky enough to have a pension (which is not indexed to inflation).
I feel for my sons in their early 20’s and other like them trying to break into the real world.
I feel for my sons in their early 20’s and other like them trying to break into the real world.
We are way overdue one and instead of letting it happen in 2008 they put bandaids on it all and exacerbated the problems. Always……….always you have to do the pain, putting it off is disastrous.
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