OT Inflation, Wages

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Chris Craig

Chris Craig

(Blazersland) I'm Your Huckleberry, Beardo
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How do we fix the inflation, wage issues hurting our country

When inflation goes up is just to match wage increases, is it supply and demand, is it greed? It seems to be a conflation of all three.

Wages go up a little

Companies have to charge more to make enough to pay their workers.

Or there is alot of demand and not alot of supply so price gouging occurs.

Inflation goes up

Rent goes up

Bills go up

People don't make enough to pay for everything

Wages go up a little

Repeat

This doesn't seem great for small business or individuals/families. But, great for big businesses.

How do we fix this?
 
FED needs to stop printing money/QE.

These stimmys caused inflation as well.

And of course, the minimum wage increases are also responsible for inflation as owners increase their prices due to increased labor costs.
 
Chris Craig said:
How do we fix the inflation, wage issues hurting our country

When inflation goes up is just to match wage increases, is it supply and demand, is it greed? It seems to be a conflation of all three.

Wages go up a little

Companies have to charge more to make enough to pay their workers.

Or there is alot of demand and not alot of supply so price gouging occurs.

Inflation goes up

Rent goes up

Bills go up

People don't make enough to pay for everything

Wages go up a little

Repeat

This doesn't seem great for small business or individuals/families. But, great for big businesses.

How do we fix this?
Click to expand...
Great question. I think it's a long haul, but we need to better educate our population and improve our social safety net and judicial system.

I really think these our the sources of nearly all of our problems.

Legitimately taxing the rich (over $400k income of any kind) would also help.
 
Chris Craig said:
How do we fix the inflation, wage issues hurting our country

When inflation goes up is just to match wage increases, is it supply and demand, is it greed? It seems to be a conflation of all three.

Wages go up a little

Companies have to charge more to make enough to pay their workers.

Or there is alot of demand and not alot of supply so price gouging occurs.

Inflation goes up

Rent goes up

Bills go up

People don't make enough to pay for everything

Wages go up a little

Repeat

This doesn't seem great for small business or individuals/families. But, great for big businesses.

How do we fix this?
Click to expand...

i said this 6 months ago that this is gonna pave the way for more small businesses to be bought out by larger corps.
I was told i am wrong and small business can afford the increased wages.

afford or not. They trickle it down to the end user costs so the increased wages don't do shit to help the issue. It just increases the costs of goods. As evidenced with the recent inflation.

In my opinion, what is happening is simply not sustainable and in the long run will hurt the average worker. But i was told I'm wrong. That this wont hurt small business and they dan afford the increased wage hike.


What good is making $5 more per hour if costs of living goes up $7 per hour?
 
Price gouging in retail and real estate...the scramble for doubling money is doubling prices....I went Xmas shopping yesterday for the grandson and it was stupidly expensive to buy tiny worthless toys......a little plastic horse the size of a computer mouse was just under 1o bucks...simple board games were 20 bucks...it seems like retail has split everything into 9.95 an 19.95 for stuff that should cost 4-8 bucks...housing price gouging is insane...it's not stimulus money driving inflation, it's pure capitalistic greed.
 
riverman said:
Price gouging in retail and real estate...the scramble for doubling money is doubling prices....I went Xmas shopping yesterday for the grandson and it was stupidly expensive to buy tiny worthless toys......a little plastic horse the size of a computer mouse was just under 1o bucks...simple board games were 20 bucks...it seems like retail has split everything into 9.95 an 19.95 for stuff that should cost 4-8 bucks...housing price gouging is insane...it's not stimulus money driving inflation, it's pure capitalistic greed.
Click to expand...
Yep, and many companies are setting profit margin minimum's if they cant get volume, thus huge price increases.
Hopefully once this covid stuff sort of leaves maybe competition will start to benefit the consumers.
 
Orion Bailey said:
i said this 6 months ago that this is gonna pave the way for more small businesses to be bought out by larger corps.
I was told i am wrong and small business can afford the increased wages.

afford or not. They trickle it down to the end user costs so the increased wages don't do shit to help the issue. It just increases the costs of goods. As evidenced with the recent inflation.

In my opinion, what is happening is simply not sustainable and in the long run will hurt the average worker. But i was told I'm wrong. That this wont hurt small business and they dan afford the increased wage hike.


What good is making $5 more per hour if costs of living goes up $7 per hour?
Click to expand...

People need the increased wages to pay for rent prices that keep rising and utilities, and the higher cost of food and necessities.

If doesn't make sense for a person to take a job that isn't going to make them enough to get by.

So small businesses have to raise wages and then have to raise the cost of goods to make up for it, then less people by the goods from them and go buy it from corporations who can afford to see shit for cheaper than their smaller competitors. I agree it is a death knoll for smaller business. But, that's what big business wants.

And its sad for these small business owners who are finding that the American dream is a lie and losing out to places like Walmart.

Then you have individuals/families who are mostly living month to month and have no savings because they have spend everything they have to get by.
 
Chris Craig said:
People need the increased wages to pay for rent prices that keep rising and utilities, and the higher cost of food and necessities.

If doesn't make sense for a person to take a job that isn't going to make them enough to get by.

So small businesses have to raise wages and then have to raise the cost of goods to make up for it, then less people by the goods from them and go buy it from corporations who can afford to see shit for cheaper than their smaller competitors. I agree it is a death knoll for smaller business. But, that's what big business wants.

And its sad for these small business owners who are finding that the American dream is a lie and losing out to places like Walmart.

Then you have individuals/families who are mostly living month to month and have no savings because they have spend everything they have to get by.
Click to expand...

i worked two jobs to get by when i was younger.
Sometimes it takes extra effort to get back to a mean.
The increased wages to pay for goods is just a spiraling domino effect. Increased wages means those companies increase their costs of goods. Ive already received many vendor letters letting me know of a 40% increase o ntheir services, all related to the higher wages they hare having to dole out.
Those increased costs of goods will trickle eight back down to the consumer.
Increased wages isn't the answer in my opinion. Its a bandaid that just keeps having to be larger and larger as the wound keeps growing.
There are alot of 10 word open ended answers, we need better this, we need better that but the next ten words are much harder to find.
HOW do we make this and that better?
 
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Wage hikes are a great thing, unless a bunch of other people start getting them. Damned other people!

barfo
 
riverman said:
At least I knew what a light sabre is damnit!
Click to expand...

I assume it is similar to a LeSabre.

images


barfo
 
Hoopguru said:
you mean nothing left for $5 coffees, cell phones, eating out everyday, $200 shoes, money for booze and drugs?
Click to expand...
no...just essentials...it's tough for young couples I know personally in Eugene who have new babies and don't high paying jobs...my son's friends...they are not abusers but there's not much left over with both of them working...there are surely many examples of people wasting money on booze, drugs and entertainment or gambling, etc....I don't have those folks around my life though.
 
Orion Bailey said:
i said this 6 months ago that this is gonna pave the way for more small businesses to be bought out by larger corps.
I was told i am wrong and small business can afford the increased wages.

afford or not. They trickle it down to the end user costs so the increased wages don't do shit to help the issue. It just increases the costs of goods. As evidenced with the recent inflation.

In my opinion, what is happening is simply not sustainable and in the long run will hurt the average worker. But i was told I'm wrong. That this wont hurt small business and they dan afford the increased wage hike.


What good is making $5 more per hour if costs of living goes up $7 per hour?
Click to expand...
That's not how it works though. Cost of living rises less than the minimum wage hike.
 
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