this post was submitted on 08 Nov 2024
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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.
Seen hundreds of lemmy comments arguing exactly that.
The sad thing is that there are a thousand ways to attack prices, or even just give sound bites that the public can run with. But almost all of them would upset neoliberal billionaires, so they can never be spoken.
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.
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.
I imagine Vance goes in around the two year mark so he can have three terms.
Not sure JD would get any additional terms, the cult might want to install either Jr. or Eric and start a "royalty" line of succession. And hope that Ivanka enjoys the hellscape she helped usher in for her daughter, and women everywhere.
I was kinda happy when Bush lost the nomination because that was "One less candidate for the American Royal Family, now if only somehow Clinton and Trump don't start one...."
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've already had a massive failure. The economy doing great and yet everyone's broke? Such a blatant lie! Time to acknowledge and lower prices to end food waste.
Everyone is broke, but still buying everything in the economy? Sorry, time to acknowledge the reality that life is just hard. Deflation happens after it gets really bad.
Bro and/or sis, no one's buying shit, Food Banks are more common then ever now.
More food banks and more spending can both happen at the same time.