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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!”
Danny-fucking-Kaye
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.
Fuck I hate this world we live in
It would be funny if it didn’t hurt so much. Rent is too high, grocery bill has me intermittent fasting, and I walk/bike instead of driving now. Shit is rough out here.
Luckily doing all of those things will solve the problem once and for all!
/s
The companies are wrecking earth, not us.
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.
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)
Hopefully I can replace myself with an AI and then she can deal with this shit.
We’re still making the exact same inflation jokes eh?
Well, we are facing the exact same inflation problems, so yeah
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Inflation is actually going down, and the latest report was at 3.2% which is a lot less than it was a year ago and closer to the 2% target.
Oil companies decided to lower their production all together because prices were too low, that shit is hitting right now and it’s just the beginning
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Inflation is per se the value for rising, the speed does vary.
Sadly, while the inflation rate is positive, it’s cumulative on the previous >1.5 years of high inflation. So, unless we’re paid more sometime soon, we’re still being permanently short-changed.
Literally just pay attention to the real wages component of the same BLS release CPI is included in
CPI isn’t even close to actual cost of living anymore. It’s just an average of cherry-picked costs.
The basket used for CPI is adjusted annually to replicate the average expenses for a person.
The real issue is just how to measure items such as housing and education expenses.
Someone who bought a house 40 years ago probably isn’t paying anything. Twenty years ago and they’re only paying a few hundred. Five years ago and they’re paying a couple thousand. Renting today and they’re paying a bit more. Similar issue with education.
If you live in SoCal or another VHCOL area, you’re probably experiencing a different level of COL change than someone in the middle of Iowa.
And how do you handle the changes in the basket? Did consumer taste change or are people changing their buying habits to match their budget?
CPI is just a way to take thousands of variables and boil them down into one number.
9.1? Jajajajajajajajaja (laughs in argentinian 120% yearly inflation rate)
Not to be insensitive, but how do you even survive?
The productive capabilities of the country haven’t ceased to exist. As long as that remains true, inflation is going to create wacky, uncertain, annoying situations, but it doesn’t have to provoke severe destitution as long as other safety nets are in place.
They are using dollar to escape the inflation
That makes sense. Must be tough though.
The inflation is inflating
When theres literally people in the UK screaming about NHS workers getting a 5% pay rise when NHS workers earn significantly less than they would doing the same work in the private sector and considering that people actually get free healthcare from the people wjo got this pitiful raise is absolutely soul destroying. Especially when you take this meme into account.
Those people always seem to ignore the fact that 5% increase on sod all is still sod all.
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)
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.
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.
That’s relative i guess
I’m in France, and I think yes.
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
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.
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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.
