The cause is doofuses saying crap like “don’t raise the minimum wage, it’s inflationary” so that the corporations get away with hunger wages. Countries with significantly higher minimum wages famously don’t have significantly more expensive burgers.
That’s because they go the extra mile and do things like cap rent and shit. If you want to solve poverty, that’s the kind of thing you have to do. The US is run on greed, which is why prices are rising faster than inflation, but wages aren’t even keeping up with inflation.
So what on earth made you think that giving money to poor people would be the cause of inflation?! I’ll tell you what, it’s corporations spending a lot of money and time buying politicians who will parrot their line that raising the minimum wage will make inflation get out of control, whereas the main thing they’re worried about is not making quite such astronomical profits. MW has barely changed in the USA over decades but has risen much more elsewhere. If the theory were right, USA would have been largely free of inflation and the rest of western democracies would be far worse, but I’m fact inflation is bad everywhere. Why? Corporate greed. Poor regulation. International tax avoidance.
US dollars make up nearly 60% of the world’s reserve currency. I could be mistaken here, but my understanding is that means a significant chunk of the world is using the USD as a significant part of their currency standard (#2 is the euro with just under 20%). As such, if I understand correctly that means that if the US dollar undergoes inflation, then the rest of the world will experience at least some inflation as well.
MW has barely changed in the USA over decades but has risen much more elsewhere. If the theory were right, USA would have been largely free of inflation…
This is only true if you look at federal minimum wage. Wages aren’t keeping up with inflation, but most US cities have an official or unofficial minimum wage of $15/hr. I think that shift happened about 10yrs ago, and afaik nothing’s changed since then.
Why? Corporate greed. Poor regulation. International tax avoidance.
Exactly. They knew they could charge more, and so they did. That’s what inflation is. Everyone realized they could charge more, so they did. The dollar decreased in value because prices went up across the board.
Seriously? You went from giving some homeless people enough money to get accommodation and food to a global inflation crisis?
I mean ,that’s some really absurd fear mongering right there.
You’ve got to be a Republican if you can swallow or invent nonsense like that. No, global inflation crises are caused by corporate reactions to war and stock market scares, not by charity projects.
Who the f*** ever heard of the global RedCross inflation crisis of 1987?! There wasn’t one!
The World Food Programme guacamole price hike of 2014?! There wasn’t one!
The International Rescue Committee credit crunch of 2018? There wasn’t one!
The The World Health Organization cancer treatment rising expense scandal of 2023? There wasn’t one!
Why didn’t these things happen?
Because giving people in dire straights enough to get them back on their feet IS NOT a cause of any kind of inflation. Stop making out that your crazy catastrophe theories are even slightly plausible,
Charitable crisis solving is safe. It’s unequivocally good for the economy. Keeping people on the streets and hence out of work is bad for the economy. Alleviating abject poverty is unequivocally GOOD.
I give up. You’re not reading what I’m saying. I’m actually pretty far left, further left than it seems you or most of the people here are considering how they object to the idea that people should receive whatever assistance they need, not just have money thrown in their face and told to fuck off
Edit: sigh one last try. I think you’re fucking with me, and if so then you’re doing a really good job, so congrats. Well done, you got me pretty good.
Seriously? You went from giving some homeless people enough money to get accommodation and food to a global inflation crisis?
Actually yes. It sounds unhinged, but when you’re talking about rich people, they’ll do whatever to get richer. Rich people will unironically bring the economy to the brink of collapse if it means they’ll get richer. Where have you been the past, oh I dunno, all of human civilization?
It’s not poor people’s fault.
It’s nothing they’ve done.
It’s all rich people.
Get rid of the rich people. Now you won’t have to keep increasing the money you give poor people. Otherwise someone might be able to afford tools today but be unable to buy new ones tomorrow.
I didn’t object to any of the extra help. That’s a straw man. I just have to keep reminding you that giving people in abject poverty substantial chunks of no-strings unconditional cash has a large and growing body of evidence showing that it’s more effective and cheaper than leading with non-cash interventions, which are slow, have limited long term benefits and high drop-out rates. You do them too, later, but you lead with cash. Actual cash. You know, to fix the lack of cash issue that’s causing most of the rest of the problems.
That’s literally what I’ve been saying this entire fucking time you dingus.
Edit:
I’m not convinced that just cash will solve homelessness or poverty. It may help, but it seems like a “give a man a fish, he’ll eat for a day, teach a man to fish and he’ll eat for a lifetime” kinda situation. Give people the fish so they can eat, but if you want them to actually be independent, then you gotta make sure they have the tools they need to do so.
Key sentence in bold and italics. From my first comment in this thread.
Not quite, it isn’t, not in overall message, and if you read what I said, you’ll see that I didn’t object to any additional help, I just insist on substantial cash first and reject most firmly your absurd histrionics about inflation.
I can tell you for a fact I’m working for a burger place right now they haven’t raised the wages in 3 years but they’ve raised the prices three times since then. I’m about to not be working here anymore
The cause is doofuses saying crap like “don’t raise the minimum wage, it’s inflationary” so that the corporations get away with hunger wages. Countries with significantly higher minimum wages famously don’t have significantly more expensive burgers.
That’s because they go the extra mile and do things like cap rent and shit. If you want to solve poverty, that’s the kind of thing you have to do. The US is run on greed, which is why prices are rising faster than inflation, but wages aren’t even keeping up with inflation.
So what on earth made you think that giving money to poor people would be the cause of inflation?! I’ll tell you what, it’s corporations spending a lot of money and time buying politicians who will parrot their line that raising the minimum wage will make inflation get out of control, whereas the main thing they’re worried about is not making quite such astronomical profits. MW has barely changed in the USA over decades but has risen much more elsewhere. If the theory were right, USA would have been largely free of inflation and the rest of western democracies would be far worse, but I’m fact inflation is bad everywhere. Why? Corporate greed. Poor regulation. International tax avoidance.
US dollars make up nearly 60% of the world’s reserve currency. I could be mistaken here, but my understanding is that means a significant chunk of the world is using the USD as a significant part of their currency standard (#2 is the euro with just under 20%). As such, if I understand correctly that means that if the US dollar undergoes inflation, then the rest of the world will experience at least some inflation as well.
This is only true if you look at federal minimum wage. Wages aren’t keeping up with inflation, but most US cities have an official or unofficial minimum wage of $15/hr. I think that shift happened about 10yrs ago, and afaik nothing’s changed since then.
Exactly. They knew they could charge more, and so they did. That’s what inflation is. Everyone realized they could charge more, so they did. The dollar decreased in value because prices went up across the board.
Inflation.
Seriously? You went from giving some homeless people enough money to get accommodation and food to a global inflation crisis?
I mean ,that’s some really absurd fear mongering right there.
You’ve got to be a Republican if you can swallow or invent nonsense like that. No, global inflation crises are caused by corporate reactions to war and stock market scares, not by charity projects.
Who the f*** ever heard of the global RedCross inflation crisis of 1987?! There wasn’t one!
The World Food Programme guacamole price hike of 2014?! There wasn’t one!
The International Rescue Committee credit crunch of 2018? There wasn’t one!
The The World Health Organization cancer treatment rising expense scandal of 2023? There wasn’t one!
Why didn’t these things happen?
Because giving people in dire straights enough to get them back on their feet IS NOT a cause of any kind of inflation. Stop making out that your crazy catastrophe theories are even slightly plausible,
Charitable crisis solving is safe. It’s unequivocally good for the economy. Keeping people on the streets and hence out of work is bad for the economy. Alleviating abject poverty is unequivocally GOOD.
I give up. You’re not reading what I’m saying. I’m actually pretty far left, further left than it seems you or most of the people here are considering how they object to the idea that people should receive whatever assistance they need, not just have money thrown in their face and told to fuck off
Edit: sigh one last try. I think you’re fucking with me, and if so then you’re doing a really good job, so congrats. Well done, you got me pretty good.
Actually yes. It sounds unhinged, but when you’re talking about rich people, they’ll do whatever to get richer. Rich people will unironically bring the economy to the brink of collapse if it means they’ll get richer. Where have you been the past, oh I dunno, all of human civilization?
It’s not poor people’s fault.
It’s nothing they’ve done.
It’s all rich people.
Get rid of the rich people. Now you won’t have to keep increasing the money you give poor people. Otherwise someone might be able to afford tools today but be unable to buy new ones tomorrow.
I didn’t object to any of the extra help. That’s a straw man. I just have to keep reminding you that giving people in abject poverty substantial chunks of no-strings unconditional cash has a large and growing body of evidence showing that it’s more effective and cheaper than leading with non-cash interventions, which are slow, have limited long term benefits and high drop-out rates. You do them too, later, but you lead with cash. Actual cash. You know, to fix the lack of cash issue that’s causing most of the rest of the problems.
That’s literally what I’ve been saying this entire fucking time you dingus.
Edit:
Key sentence in bold and italics. From my first comment in this thread.
Not quite, it isn’t, not in overall message, and if you read what I said, you’ll see that I didn’t object to any additional help, I just insist on substantial cash first and reject most firmly your absurd histrionics about inflation.
I can tell you for a fact I’m working for a burger place right now they haven’t raised the wages in 3 years but they’ve raised the prices three times since then. I’m about to not be working here anymore
Well done for going for something better.
The cause of most inflation is corporate greed, not excessive wealth amongst poor people!