288
submitted 11 months ago by Stern@lemmy.world to c/world@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] LibertyLizard@slrpnk.net 3 points 11 months ago* (last edited 11 months ago)

In the current economic system, widespread lowering of prices is considered to be harmful. So it’s not really possible without major economic reforms. Best solution is to increase wages/income to offset higher prices.

[-] MaxHardwood@lemmy.ca 7 points 11 months ago

boo-hoo. Profits are not guaranteed.

[-] LibertyLizard@slrpnk.net 0 points 11 months ago

Not really the issue. Deflation is a transfer of wealth from debtors to creditors which is not necessarily healthy. It also encourages hoarding money which can cause job losses.

[-] bobs_monkey@lemm.ee 1 points 11 months ago

The only way a legislated raising of wages works is by initiating price controls, otherwise corps can and will raise prices to protect profits

this post was submitted on 30 Dec 2023
288 points (93.6% liked)

World News

39358 readers
1089 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS