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this post was submitted on 22 Aug 2023
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United States | News & Politics
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Reminder that inflation isn't a phenomenon that's beyond our understanding or ability to control. Inflation is the result of business owners choosing to raise prices in order to increase their rate of profit. That's all it is.
Not that I disagree with you at all, but we all want raises every year too. For you to get paid more you either need to take a higher level job or get a raise.
If course, inflation has exceed wage growth for a long time, but it's not quite as simple as business owners just raising prices.
If we continued to do the same job, and the cost of living remained the same, most people wouldn't think much of it. The problem still comes back to the business owners -- they expect you to do more for the same pay, including firing someone and expecting you to also do that second job on top of your regular work for the same paycheck. Then when people demand a raise the business owner justifies raising their costs under the umbrella of "people just don't want to work any more" when the reality is that what changed is the huge increase in how much that business owner is taking home themselves while delegating their own job to underlings.