Inflation at 53-year low as QE money printing rages unabated!

Discussion in 'Politics' started by Ricter, Jun 12, 2013.

  1. Tsing Tao

    Tsing Tao


    You must live in a bizarro world or something where "crying" to you is poking fun at someone. I dunno where that comes from - but if it makes you feel better, call it what you want.


    Yes. And as long as wages do not increase, any increase at all causes more pain to people. It would seem you're having a hard time with this, so let's do some simple math.

    If little Johnny makes $1200 a month parking cars as a valet at the local golf club, and he is used to spending $600 on rent, $300 on food and $150 on bills, even if total expenses go up the next month by a mere 5$, it is still less money he has in his pocket. Thus, small increases in inflation cause more pain when wages don't follow.
     
    #181     Jul 30, 2014
  2. Ricter

    Ricter

    So the problem is stagnant wages. I suggest a new focus for your day.
     
    #182     Jul 30, 2014
  3. piezoe

    piezoe

    Lucrum, have you tried that knob Creek stuff? I heard it was pretty good but haven't tried it yet.
     
    #183     Jul 30, 2014
  4. dbphoenix

    dbphoenix

    Speaking of stagnant wages . . .

    McDonald's Can Be Liable For Issues At Franchise-Owned Restaurants, NLRB Rules

    NEW YORK (AP) — McDonald's is coming under intensifying pressure for labor practices at its U.S. restaurants.

    The National Labor Relations Board said Tuesday that the world's biggest hamburger chain could be named as a joint employer in several complaints regarding worker rights at franchise-owned restaurants. The decision is pivotal because it could expose McDonald's Corp. to liability for management practices in those locations. more . . .
     
    #184     Jul 30, 2014
  5. Ricter

    Ricter

    Yeah, Lucrum, have you? Just don't try it and drive, again.

    :D
     
    #185     Jul 30, 2014
  6. Tsing Tao

    Tsing Tao

    No, the problem is inflation. It's just that when wages don't rise, it makes it even worse. If your solution was to simply get wages to rise because prices were rising (which would be better) then those without wages or on fixed income would still be feeling more pain. Eliminate prices from rising and that gets better for all.
     
    #186     Jul 30, 2014
  7. Tsing Tao

    Tsing Tao

    Says the guy with all the increases on his insurance from accidents!
     
    #187     Jul 30, 2014
  8. Ricter

    Ricter

    So what do you want, zero inflation?
     
    #188     Jul 30, 2014
  9. Ricter

    Ricter

    Nothing to do with alcohol, the wife is a teetotaler. But Lukie's insurance no doubt rose. DUIs will do that. :D
     
    #189     Jul 30, 2014
  10. Tsing Tao

    Tsing Tao

    In a perfect world, yes. But that will never happen, so I will settle for almost no inflation with rising wages. And before you think "I've got him now!" and say "well that's what we have - 53 year low inflation" - the whole point is that we DON'T have that. It's just a manipulated number in time that doesn't even include energy and food.
     
    #190     Jul 30, 2014