- cross-posted to:
- politics_no_um
- cross-posted to:
- politics_no_um
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I saw this when I opened Edge for work this morning. Two worlds in one picture.
That’s great the prices aren’t going up more. Now go get all of these companies that are price gouging. It’s good to protect people from it during natural disasters but unfortunate the government didn’t consider COVID a natural disaster.
Oh they are still going up, just not as much.
Food prices are still up twenty to forty percent.
Right! and now, amazing news! Our expenses are only growing at a rate of only 2.4%!! Hooray?!?
2% is actually pretty good and about what you want. Maintaining flat spending power sounds great on paper, but also puts an economy at increased risk of recession and citizens at increased risk of ballooning debt.
That’s nice and all, but wages do not increase year over year for most people, so most people would prefer those risks and be able to continue living, instead of helping to balloon the suicide statistic.
Most people are not economists. Most people would like everyone to be given $100,000 and a pony (or just white people, if you’re a republican).
2% inflation is good. But an inflation number doesn’t tell us where the gains are accruing. Ensuring gains go to workers and not capital is an entirely separate goal of the government.
We’re taking about the consumer price index here. Inflation regarding the cost of living only. This is, as i hinted previously, heavily caused not by “inflation” (as youd consider it in econ 101) but corporate price-gouging.
Corporate price-gouging is i feel i must add capital N Not inflation in the traditional sense… But in the scope of this article and our conversation, it is.
So again, fucking-A yes I want price gouging to stop, right now… So like, if you wish to continue wit me we need to agree on terms. Let me know you agree this cpi definition and inflation in this case is “price gouging” otherwise we may as well just part ways
Agreed. I’m talking about deflation though. The debts you acquire balloon in size, even without interest, during deflation.
I don’t think we do agree. As you can see in the chart, our debts have been ballooning under inflation.
Haters will say it’s because of the election coming up
Really glad the president of the USA finally decided to pull the lower inflation lever in the oval office.
It’s a knob, dumbass
It’s right next to the gas price slider. Duh.
I look forward to all the Biden “I did this!” stickers lauding his administration for lowering inflation.
Lower inflation doesn’t mean lower prices - which we need, and/or higher wages - it means prices are going up a little more slowly. Pointing at a $9 jar of mayonnaise with an “I did this” isn’t going to win many people over.
Can just reuse all the ones MAGAts stuck on gas pumps.
We’re already reusing those right where they are.
It’s right next to the Gas Price Dial on the Resolute desk.
That’s still 2.4% on top of the cumulated inflation of the past 5 years…
You misspelled price gouging.
Sure. But inflation is down, we didn’t go into a recession, and wage growth has been outpacing inflation for over a year now.
This is good, we’re going in the right direction. Deflation would be way worse.
We should raise the minimum wage until it is commensurate with the price gouging. All at once, since none of the corporations eased us into higher prices.
But we have zero parties in this country that are willing to raise the minimum wage at the national level.
Yeah but unfortunately that’s never going to change. Inflation is the rate of increase and they always want a rate of increase, just at 2%.
It’s never going to go negative because growth for the growth gods!! :(
Actually, it will never go negative (I hope) because if it goes negative we’re probably in for a massive global recession that will introduce untold suffering.
You think they aim for 2% because that’s what’s good for rich people? 2% is the magic number for the whole economy.
Who taught you that? Remember, economists funded by rich people have obvious biases… And what happens if our salaries and pensions are indexed to the cost of living? Is the reasoning still good?
Aaaand now we get to the “don’t trust the experts, they’re all liars” phase
There are already alternatives available that do go negative.
Line must go up.
You want a deflationary environment? Are you sure?
If “deflationary environment” is neoliberal for “restrictions on and immediate reduction of the current ongoing price gouging” then call me Moleman cuz yes, i want that, right now.
Ok, well, no, it’s not. Do you want actual deflation?
That’s what you got from my one line comment?
Now pay me more and we’re good.
Why are you asking Lemmy? Wage growth has been outpacing inflation. You should be getting on that train yourself if you want it.
I’m a teacher. Don’t come at me with that.
Then your union is negotiating it if they’re of any value. All the teachers unions around me negotiated 14-25% raises over 3 years over the last few years. If you’re a younger teacher you should look to job hop though. If you’re tenured you’re sorta stuck. In my area there’s three districts of the like 40~ I always push people that are new to end up in as once tenured in them you’ll earn well over 6 figures, even at the elementary level.
Source: former education and still friends with my teacher colleagues.
The union is currently negotiating. It’s a strong union. I’m in year 5. I’ve been looking around, but my position is highly sought after (PE Teacher) and the good positions go to people with much more experience. Also, I like where I’m at. It’s a low income area. The parents and admin let me do my thing.
Low income is also better in uncertain budget times as Title 1 funds make sure they have both fed and state funds. Here in Cali our property taxes mean that the schools in poor areas are the most well funded and the schools in rich older areas are the least well funded. Just with variations on what “rich” means here too.
If you have a state pension system too don’t forget to look into how that works for your district. There are some in my area that actually don’t pay the full percentage so teachers have a worse retirement than if they went to a different district with slightly less pay. So it’s all about the long game.
Waiting to see the creative ideas Republicans come up with to try to tank it before November
Too bad it’s not on food prices
Yay people got fucked over bad, but they can take a water break before resuming the ass railing.
Economy still sucks.
Axios - News Source Context (Click to view Full Report)
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https://www.axios.com/2024/10/10/cpi-report-september-inflation-economy
