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Wages haven't went up in years yet everything else has. While I agree with your statement wages should be raised. Gas prices are insane these days just like everything else these days. Companies are not paying well enough for people to survive let alone pay their bills or stay afloat. Those people who work in retail & restaurants' should be able to should have the right to be able to pay their bills & put some back. It's not just labor that drives good up either fuel is. It cost more to transport things which drives everything up.
Everyone has a right to making & living no matter what kind of work they do. Period.
You people just have no semblance of facts or statistics. Gas prices recently are lower than historical averages when adjusting for inflation.
The problem is your wages aren't going up. I suggest you join a union, increase minimum wage, or stop electing crooks that want to deregulate the whole freaking economy.
Stay in the shallow end until I tell you to come out.
Quote:
Originally Posted by Opin_Yunated
Inflation has averaged 2% the last 5 years, which is right at the Fed's goal.
Yes lets believe the ones whose job it is to control inflation to be honest about that number. The Fed has as much credibility as you do.
Quote:
Originally Posted by Opin_Yunated
Who could argue with such intellect?
In order for you to use intellect you'll have to posssess it first.
Quote:
Originally Posted by Opin_Yunated
The government controls monetary inflation. It cannot control real inflation. The government adjusts policy to mitigate the effects of real inflation to a manageable degree.
.....sigh the irony in this part just goes right over you're silly head.
You people just have no semblance of facts or statistics. Gas prices recently are lower than historical averages when adjusting for inflation.
The problem is your wages aren't going up. I suggest you join a union, increase minimum wage, or stop electing crooks that want to deregulate the whole freaking economy.
lmao you're posts are a wonderful idiotic goldmine. It's not that prices are too high it's just that wages haven't kept pace. Gee I wonder how that happened?
lmao you're posts are a wonderful idiotic goldmine. It's not that prices are too high it's just that wages haven't kept pace. Gee I wonder how that happened?
Given that you do not understand or even try to understand just how devastating deflation is with multiple examples of it that you could easily Google and research I am not surprised you wonder how that happened.
It happened by things like not adjusting minimum wage. AS for how that happened-the Republicans voted down the last attempt.
It happened by the simple fact that we need less and less people to actually DO things. And nothings being done to address the massively increasing wealth inequality. Forbes top 400 went from being worth 927 billion or so in 2007, to being worth 2.29 trillion last year. In the last 7 years has YOUR wealth tripled?
Given that you do not understand or even try to understand just how devastating deflation is with multiple examples of it that you could easily Google and research I am not surprised you wonder how that happened.
It happened by things like not adjusting minimum wage. AS for how that happened-the Republicans voted down the last attempt.
It happened by the simple fact that we need less and less people to actually DO things. And nothings being done to address the massively increasing wealth inequality. Forbes top 400 went from being worth 927 billion or so in 2007, to being worth 2.29 trillion last year. In the last 7 years has YOUR wealth tripled?
So inflation is good, the general rising of prices for goods in an economy, but deflation is bad, the general decreasing of prices for goods in an economy?
And then you have the unmitigated gall to argue that the minimum wage should be increased so that people can afford the prices for goods in an economy.
Your brain, along with many others on this forum, is stuck in a static way of thinking. That's really no surprise because thinking dynamically requires a brain that thinks for itself in reality, not one that has someone else think for it and all it can do is repeat talking points in a Borg-like manner.
You people just have no semblance of facts or statistics. Gas prices recently are lower than historical averages when adjusting for inflation.
The problem is your wages aren't going up. I suggest you join a union, increase minimum wage, or stop electing crooks that want to deregulate the whole freaking economy.
Yeah.... I don't vote sooo there is that, second where are your facts?
Given that you do not understand or even try to understand just how devastating deflation is with multiple examples of it that you could easily Google and research I am not surprised you wonder how that happened.
Yet you provide no evidence
Quote:
Originally Posted by greywar
It happened by things like not adjusting minimum wage. AS for how that happened-the Republicans voted down the last attempt.
It happened by the simple fact that we need less and less people to actually DO things. And nothings being done to address the massively increasing wealth inequality. Forbes top 400 went from being worth 927 billion or so in 2007, to being worth 2.29 trillion last year. In the last 7 years has YOUR wealth tripled?
You missed the point. The reason for our out of control inflation is government getting involved in the economy. The point is prices are rising a lot faster than wages and to say inflation is low because government figures say so while ignoring actual prices increasing is silly.
Given that you do not understand or even try to understand just how devastating deflation is with multiple examples of it that you could easily Google and research I am not surprised you wonder how that happened.
It happened by things like not adjusting minimum wage.
So inflation is good, the general rising of prices for goods in an economy, but deflation is bad, the general decreasing of prices for goods in an economy?
And then you have the unmitigated gall to argue that the minimum wage should be increased so that people can afford the prices for goods in an economy.
Your brain, along with many others on this forum, is stuck in a static way of thinking. That's really no surprise because thinking dynamically requires a brain that thinks for itself in reality, not one that has someone else think for it and all it can do is repeat talking points in a Borg-like manner.
A low level of inflation is considered positive by many if not most economists and it is the goal of the Federal Reserve.
The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve's mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public's ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling--a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.
A low level of inflation is considered positive by many if not most economists and it is the goal of the Federal Reserve.
As long as wages increase faster or at a minimum keep pace.
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