More like greed. Inflation because they have record profits, pay their employees less and charge more for their products
You think inflation is due to record profits?
And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?
I can sort of agree with the charge more part I guess. But it’s pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn’t really debatable unless I’m missing something. It’s sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn’t impact slice size unless they increase the number of slices or the size of the pizza itself.
Great explanation
Are you being deeply sarcastic right now? That was a bunch of nonsense.
paying the pizza employees less
so the employees can literally not pay their bills and you run a billion dollar pizza company.
Might want to take this all back.
Haha what? This was a hypothetical comparison of the number of pizza slices per pizza and inflation. These pizza employees do not exist, but if they did I would support them being paid more not less.
Did you actually think I ran a pizza company?
No, I’m saying your little metaphor is terrible and the main driver of inflation, currently, is literally businesses not wanting to pay people.
That’s just not how inflation works.
It does when the price of things goes up (especially on essentials) and creates profits and no one is paid enough to live but creates those profits.
If my employer refuses to pay me a living wage even though they can, I can’t magically buy a new car if I need one, especially if the prices on cars went up by, example, 30%. ESPECIALLY if my employer refuses to pay me more.
It’s inflated TWICE actually because the price goes up normally, and again because my pay did not increase. My pay actually took a loss because it didn’t get raised enough to be proportional to x% inflation.
unless I’m missing something.
You’re missing a shitload. “Government bad” ideological blinders will do that though, so here’s some info to get caught up in case you’re capable of a good faith discussion or just want to know what is really happening:
"We’re making record profits!!!..
…No Steve, you can’t have a raise. Here’s a bag of Fritos!"
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Don’t forget the company meetings where leadership says things like “this is the best quarter we have ever had”, along with “we need to work harder to stay competitive”. Sigh.
“Despite making record profits, we still didn’t hit EBITDA this year, therefore no bonuses or raises. Merry Christmas!”
That’s not true. The senior management team will be getting raises in line with inflation and also huge bonuses for those record profits. Not to mention their share value increasing.
Danny-fucking-Kaye
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And remember, 10 years from now, you’ll be nostalgic for this shitty time.
If a climate change superstorm, AI, riots, famine, etc haven’t gotten around to killing you yet at least. Lucky dead bastards.
Hopefully I can replace myself with an AI and then she can deal with this shit.
I remind myself of this every time I start feeling nostalgic.
Cool old C10 truck? Wait a minute those things were $200 any day of the week when I was 18 (because they were and still are trash)
Many employers in my country are now just giving a raise to their senior executives , management and above , while keeping the low level employee wages stagnant !
Fuck I hate this world we live in
Jump jobs if you haven’t recently done so. Sometimes you can get almost double the pay.
Job hopping again for this reason. Really wish employers would pay people to stay, unfortunately employer loyalty is non existant.
You fuckers are getting raises??! Goddammit, you’re part of the problem!
In Belgium we have automatic wage indexation based on inflation of certain product. Some right wing parties want to get rid of it, but luckily it’s still here.
https://en.wikipedia.org/wiki/Consumer_price_index_(Belgium)
Sounds like right wing is just as evil and stupid in the east as it is in the west…! :-)
Do you think Belgium is an eastern nation?
Everything is east. Even here is east of here.
I’m in France, and I think yes.
That’s relative i guess
You have no idea how lucky you are. Then again, you have to live in same country as Charleroi, so it kinda balances it out.
Just heard there are no merit raises this year bc the company is hurting. Started looking for a new position since I doubt they will make up for the lack of a raise next year.
It’s almost as though the governments should do their jobs and fucking put cost controls. Seriously, we need some new economic thought/ practice. Just like how several generation’s ago they figured out that wages are sticky, they need to put cost caps or restrictions to stop this shit. Instead of cutting the money supply and people’s lifelines, they need to fucking tell businesses to cut the crap and stop the bullshit. Since then pandemic every industry feels like they can price gouge and get away with it. It’s fucking ridiculous. If you put a stop to that, then you have some hope of resigning in inflation.
I’m not really for price caps but I’m very into billionaires taxed to pay public funds since they literally don’t want to pay people to work.
Price caps mean product shortages
True. What we need is to remove the underlying problem, which is the profit motive to overcharge and underpay. That is, democratic worker-owned companies, answerable to employees instead of shareholders
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Those companies exist but are generally not competitive in terms of the product delivered to the consumer, largely because of a lack of ability to adapt to serve the needs of the market. They’re focused on their employees instead of their businesses and end up getting outcompeted for a variety of reasons.
Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
Any price cap on a good that can be transported to markets which pay more will cause shortages in the market which pays less. Basic economics.
If you want to rein in price gouging the best way to do that is with competition and antitrust actions.
My wife just got a 4% pay increase but then the insurance premium went up by 11%. So she really got an 7% pay demotion.
Her insurance premium is 100.2% of her salary?
