The problem isn’t ‘inflation’. It’s that most Americans aren’t paid enough

The Guardian ^ | August 14, 2021 | Robert Reich

[artichokegrower]

The real worry is the gap between what the country produces and what average folks can afford to consume. Inequality is eating our economy

[artichokegrower]

Well we could all be like Robert Reich and get a job paid by taxpayers at the University of California. Then inflation won't be a problem

Robert Reich PROF-AY University of California, $359,738.00

[Night Hides Not]

I stopped at Robert Reich...lol.

[Tolerance Sucks Rocks]

Why bother reading? Inflation is real, and will likely hit double digits, if initial price increases for some items are any indication (up to 40%!).

[SaxxonWoods]

Paying them “enough” sounds great but will increase inflation more.

[BenLurkin]

Reissssshhhhh should know better.

In fact he probably does, and is spouting this nonsense to be malicious.

[kenmcg]

Not worth a read, coming from a commie runt.

[frank ballenger]

I think of Rush’s pronunciation with the elongated shhhhhhhh at the end. Reich hasn’t gotten smarter since those days.

[cgbg]

Reich is brilliant.

If everyone was paid a billion dollars a year there would be no inflation!

[Attention Surplus Disorder]

What a full-on idiot. He is getting paid $350k a year to spew ideas that have actual negative value.

[SaxxonWoods]

“Inflation is real, and will likely hit double digits, if initial price increases for some items are any indication (up to 40%!).”

It means we need to invest in things that outrun inflation. There are such things.

But you have to have available funds to invest or you are doomed to be just a victim of inflation, rather than one who benefits from it.

[ClearCase_guy]

His grasp of economics comes up a little short.

[OttawaFreeper]

Ah yes, more Keynesian policies at work. How about really getting into it with price controls or the Ministry of Silly walks even?

[shanover]

I don’t know who is more of an economic imbecile between Reich and Krugman.

[E. Pluribus Unum]

The real worry is the gap between what the country produces and what average folks can afford to consume.

And how is "what the country produces" increased, Robbie?

By raising the cost of producing it?

[Nateman]

The bottom ladder jobs had the wages going up because of a shortage of people to fill them. Flooding the market with unskilled illegals puts a stop to that.

[Born to Conserve]

I miss the old days when the underclass would just go away.

[x_plus_one]

If manufacturing could be recaptured, wages would rise dramatically. Shutting down domestic oil production is a slap in the face to Americans, Real Americans, not imports.

[beekay]

The USA always offered opportunity but never equity or equality.
Work for it if you want to earn it.
Inflation eats away at the rewards of your efforts.

[rktman]

OFFS! and SMDH! Hey bobby, phu cough! Retirement income has no COLA clause in it, and SS sure as hell ain’t keepin’ up. Walmart greeter, here we come.

[ArcadeQuarters]

Reich’s opinion is pollution.