You know you’ve heard people say inflation hasn’t stopped because prices are still high. Like they’re going to magically get better prices when inflation stops.
Yeah it’s stupid, welcome to America.
Actually they’re not wrong, wages were not increased to keep up with inflation so stopping it alone wasn’t enough.
https://fred.stlouisfed.org/series/LES1252881600Q#0 Real wages are up since Covid was dealt with. That’s simple factual reality.
The perception of course, is that everything is worse. Because prices did go up, and they’re staying there. Which just means the economy didn’t collapse and cause mass unemployment.
I think the problem is that inflation does not impact the poorest population the same:
The CPI weighting is based on an average consumer, the poorest people will have more sensibility to price change for things like food or rent.
Rent and food prices increase in total by 20-25% in 4 years. If you were already tight at the beginning of the Biden presidency, you’re now have a high chance of being homeless.
They think it’ll be like gas prices. They go up, but the “right guy” will make them come back down, ignoring the fact that that only happens with commodities like oil. Once a company raises prices, they rarely bring them back down. Tha6s called deflation, and it’s not good.
Well, we kind of need deflation to happen because the alternative is rising wages and that’s not fucking happening.
Deflation just means everyone is already starving. Deflation isn’t the start of a process, it’s the result of massive failure. Just like inflation doesn’t happen the second money is printed, it has to circulate before price inflation is a thing.
What we need are labor groups, and taxes on companies who use government benefits as part of their wage calculation.
In short, never try to make prices go down, instead make wages go up, and make competition control prices.
We need to do what Harris had stated, and go after all these companies price gouging like we are still in the middle of the COVID pandemic. And that is now only going to get worse with a con man in office set on making himself, his companies, and his friends (which is anyone that says nice things to him) as rich as possible by extracting what remains of the working class. They are going to weaken/dismantle unions, and likely start mass death/slave labor camps for the poor.
He is also going to use his new position of power to pass laws to shield crypto scammers, and use his new crypto platform to undermine the US dollar and try and force more people to his crypto grift run by some of the worse humans around. And use his NFT/crypto stuff to openly except bribes to sell off the US to the highest bidder so when his dementia gets bad enough they put JD in charge he can live out the rest of his days being fed liquid cheese burgers on a golden spoon.
