Next up: How combining shrinkflation with inflation empowers customers.
Shorter life expectancies: good for the environment!
Did you mean “Shorter life expectancies: good for the economy!” ?
I just lost another part of my soul. Goddamn.
Yay capitalism, right?
unemployment: good for the economy!
corpo media said that recently over here.
Ugh. They really do all need to be killed.
EA did that on Reddit with loot boxes. It didn’t go too well.
Pay increases for CEOs and shareholders should stop entirely until inflation is at the very least under control. As if the 1% getting less of a cut is going to affect inflation as much as the 99% of profits does.
Or whatever the actual percentages are. Don’t come at me with “uh it’s actually 23% vs 77%” bullshit because the point still stands.
If the French Revolution taught us anything, nothing changes until heads roll. And even then it’s inevitable it will happen again, and again.
Disagree with the last part. We just lost that one.
This far the inflation has been driven by rising corporate profits and energy costs. Now that the stagnant wages start to react, it’s time to…
Capitalism has run its course
the means of production aint gonna seize themselves
Also the children of the wealthy, to be passed to every religious functionary we can find.
Hold up buddy. Those rich folks just want, “a little more”, and there’s still lots of willing turnips to squeezed.
Under what fucking maths?
Look, a lot of things just weren’t gonna improve til the revolution.
We can pretend and prevaricate, but you can’t negotiate with monsters who don’t think youre human and let people die in the street for profit. Really the IMF are just being left acceleration lists here.
What I’m reading from this headline is that any fresh glorious red terror will have UN approval and IMF support, so the libs should get on board or they’re bad liberals.
If the current situation was not due to the rich hoarding resources but localized within a country that is mostly self sufficient, and the government was working towards redistribution of wealth, it could, assuming a benevolent government and empathy. Those steps could help prevent something like the Argentinian situation a couple of decades ago, where people would joke that they had to pick their salary with a wheelbarrow, due to the inflation being so high, they were paid millions, but those millions would not be enough to buy the bare necessities.
This is not the case globally, for the record.
Good old Axel Springer.
Oh, Politico is Axel Springer. Everyone should stay aways from it then. Axel Springer is probably the worst media company in Europe.
I guess it’s all about that ratio of cost of living vs wage. Whether you get a wage increase to have more money for the same stuff or wage stays the same but cost of living goes down, I guess if everything else stayed the same it wouldn’t matter which one happened. But of course it’s not that simple.
Fuck Spacer’s Choice.
Surely they mean pay raises for C-suite, right? R-right?
What the fuck Politico.
Well, the observation that prices will go up when salaries go up is not wrong; that that’s a problem is also not wrong. But this? Ugh.
Edit: dear downvoters: the “ugh” is about the article, I don’t think the gist of it is “good”.
prices will go up when salaries go up
Not necessarily, though. Sometimes salaries go up and prices go up. Sometimes salaries are stagnant and prices go up. Sometimes salaries go down and prices go up.
Prices go up no matter what because corporations are never satisfied with obscene profits. Their shareholders demand MORE obscene profits every quarter, everything else be damned.
Prices go up no matter what because corporations are never satisfied with obscene profits. Their shareholders demand MORE obscene profits every quarter, everything else be damned.
It’s not about making profits. It’s about growing profits.
That’s what the person you’re respnding to said though?
shareholders demand MORE obscene profits every quarter
Also, prices have to go up as long as interest rates are not declared illegal.
Personally I am very much in favour of declaring interests illegal.
Is there a situation where salaries go up but prices don’t?
when efficiency/productivity increases
Over the last 40 years in the US productivity has increased steadily and so have prices. Real wages have stayed flat.
So with increased efficiency/productivity you might get a situation where worker salaries get higher but since products are made cheaper they might not raise prices on them? Makes sense. I wonder if in such situations either the resulting inflation or just greed ends up pushing the prices up anyway in real world scenarios.
Of course, you’re right. I guess what I’m trying to say is that if there is going to be a predictable rise in people’s money, prices will increase extra. If no other measures are taken, people will have no change in how much they can buy, and prices will probably go up months earlier than incomes too.
Problem is the cost of housing seems completely disconnected to wage rises.
An even bigger problem is that wages have become disconnected from productivity.
Absolutely
that prices will go up when salaries go up is not wrong
Rising wages can increase prices, but don’t necessarily have to.
Also other factors can increase prices while wages stagnate.
Recent price increases e.g. have mostly been driven by supply and logistics issues, mostly for food and energy.that that’s a problem is also not wrong
That is not entirely correct either.
If wages rise through the board, then rising prices are not a big issue.
On the contrary, wage driven inflation might even re-balance income distribution to the benefit of workers.
