Posted on 11/23/2022 3:15:09 AM PST by EBH
Why does the standard of living have to decline? It never declines for the elites.
“It never declines for the elites.”
It never declines for givernment too - feral, state or local.
And why should wage increases be inflationary?
That is the plan.
Money used to be used to support freedoms and liberties.
Now it’s used to reduce misery.
Serfdom.
because they want us all to be slaves on their plantation, it’s different for them than the rest of society. They keep sending our $$tax dollars$$ to the Money Laundering Capital of the World ( Ukraine ), and allowing the steady, massive flow of criminals across the Southern Border !
Shhhhhhhhhhhh.... they’ll call it something else, and spin it another way to the easily gullible uneducated public being deliberately drained into poverty and dependence.
And they are doing this all while robbing us of Free and Fair elections, so they have Total Control!
Wage increases raise the costs of peoduction so prices go up. Prices going up results in inflation, whether a small amount or large, depending on, in this case, the amounts and the widespreadness of the wage increases.
“It never declines for givernment too - feral, state or local.”
every woodpile gets used up. Eventually there won;t be any more wood to fuel the fire and it will die out.
It’s all going to come crashing down eventually.
China is waiting.......
That's why I strongly feel that government pensions should be based on 401K contributions, not guarantees. Their savings and pensions should be based on the economy and the effects of government on the economy that the rest of us have to worry about.
Get rid of the “Fed”. Period.
If everyone has a high standard of living, there’s nobody to do the work — and prices will rise because low-wage jobs must pay more just to attract workers who have other options.
As one FReeper astutely noted a while back … You can’t have $30/hour wages and Walmart prices at the same time.
The inflation started when unskilled classes of workers doubled and tripled their wages, but not real production.
That is inflationary. One cannot raise the bottom 30% of worker wages and not have an inflationary reaction.
Cost of a Big Mac theory.
“In any society with huge wealth disparities like the U.S., creditors are always terrified that debtors will get control of the monetary system, print tons of money, and destroy the value of the creditors’ financial assets.”
That was enlightening. Sounds like a caste system.
But it wouldn’t be a problem if the money was backed by gold.
You get a gold star ⭐️ for the day!
This is also why they want the CBDC so badly.
My correction here is more accurate.
My response to that is why should government be picking winners and losers? Are you ok with that? It sounds to me that you are totally against upward mobility.
Not many people, even here on FR, understand this. Arbitrarily raising wages, especially in the middle of an existing inflationary spiral, will only make things much worse. It’s no different than the dem proposals for government to provide everyone with a “basic income”, or for that matter what would happen if we just gave everyone a million dollar salary tomorrow. None of that will improve the standard of living of anyone; it will only push more arbitrary dollars out there to chase the same amount of goods, resulting in more and more inflation. And those who weren’t granted these “helicopter dollars”, such as those on fixed incomes, would be absolutely crushed in the process.
But you also mention the one and only exception to what I’ve just said, and that is increased productivity. Wage increases should only happen if they are in response to productivity increases that generate new value in exchange for those dollars. Anything less than that is purely inflationary.
I’m simply pointing out how things work.
I know very few seem to grasp basic wage and production, to prevent inflation.
With some it might as well be a brick wall.
But I will keep posting as long as it takes for the 💡 to turn on.
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