I mean, I could handle the prices going up if wages went up in equal proportions.
Not only could you handle it, it's actually beneficial. Inflation - if matched with equivalent increases in wages - eats away at debt over time, because your debt is locked in at the point where you take it on, but your buying power relative to that debt continues to increase.
Our enemy is not inflation. Inflation can be our friend. Our enemy is stagnant wages that no longer rise in step with productivity.
Everyone needs to see this graph and really understand what our problem is.
1972... the pride and joy of the united states, richard nixon
Then you can see where it tries to stay close until Reagan and it splits faster than a cheerleader.
The Heritage Foundation was founded in 1973, which just so happens to be the dividing line in this graph.
Reagan was the first president that really allowed the Heritage Foundation to go wild.
There's a good video about their history here: https://www.youtube.com/watch?v=8eeCPRD0Hgg
You should watch the documentary Bad Faith.
What do you have to say about this?
https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/
These bits particularly stood out to me:
The graph only includes the lowest paid 80% of the workforce production/non-supervisory workers. When using all workers, which is what you want to know if labor is lagging productivity, you must use all workers or else you aren't measuring pay vs. productivity! In fact, EPI uses all workers in another graph and shows the gap decreasing significantly. Strangely, that's not the graph that gets passed around. The headline and wage-inequality graph gets passed around. Savvy move on EPI's part, I have to commend them.
The graph uses average hourly wages which does not include overtime, bonuses, shift premiums, and employer benefits...The graph provided ignores (better said, partially reflects) the growing share of compensation in benefits, not wages.
The graph uses the slow moving NDP to deflate output, while using the fast moving PCI to deflate compensation. NDP is chained, but CPI is not.
I think that even if every single assertion that person makes is taken, prima facie, to be completely 100% accurate and correct, it would still only modify my previous statement to "Our enemy is stagnant wages that - for the overwhelming majority of all workers - no longer rise in step with productivity."
I'm really not clear on how that's all that much of a difference. Good for the few people who lucked out I guess. The linked comment actually wraps up by saying the graph only demonstrates rising wealth inequality, which is, you know, the entire fucking point of the god damn graph, holy shit, where the fuck do they think people are claiming the lost wages went, into fucking space?!?!
I'd ask you if you rent or own your property. Are you able to buy as many groceries now as your parents could on similar budgets, inflation inclusive?
Because I know the answer, I'd suggest you look past statistics at this point and examine yourself and those around you, see if you're able to accomplish more, or less, than your predecessors seemed to.
I have my biases and bents. I encourage you to do your own research and conclusions, vs parroting purported experts.
I’d ask you if you rent or own your property. Are you able to buy as many groceries now as your parents could on similar budgets, inflation inclusive?
Gotta say, I'm not impressed with seeking anecdotal evidence being the go-to response.
What if I tell you "yes"? Somehow, I doubt your response will be to concede the argument.
I’d suggest you look past statistics at this point
Speaks volumes, that.
Does it?
I know there are more important things to say about this receipt, but since everyone has already said them:
Wow, look at that receipt. So simple. Actual ink on actual paper. No coupons on the back. And one line per item. No “price - savings = real price!” bullshit or anything else. I long for that kind of simplicity in even the little things in life.
Also no coating that delivers synthetic estrogen through your skin when you touch it. Which all the people worried about trans people choosing to transition never seem to have issue with...
Wait, what?
Ooof. Just searched this myself:
https://pmc.ncbi.nlm.nih.gov/articles/PMC5453537/
E: LMFAO someone used their receipt as a drinking straw
Even knowing about it, each time I look deeper into it, I realize it's even worse than I had thought it was.
Key takeaways from skimming that link:
Agencies assume the oral route is the primary one of concern, but most BPA consumed orally ends up processed by the liver into a form that doesn't bind to estrogen receptors. This is not the case for BPA absorbed through the skin.
Safety assumptions for skin absorbed BPA assume best case scenarios. If any factors are less than ideal, actual absorption could be significantly higher than the numbers used to determine it's "safe".
If you work in retail where you need to handle these regularly, you should wear gloves because those safety assumptions also seem to mainly consider the habits of customers who receive one with a purchase, not the people who need to rip one off for the customer and another for the business and then maybe handle ones to do paperwork when closing the till.
Also it didn't really go into the amount that might get airborne and inhaled due to handling those receipts.
Hopefully it's not a big deal, but that is currently more based on wishful thinking than any real scientific backing.
It doesnt say a drinking straw, im gonna guess someonr got a little something extra with their cocaine that they weren't expecting.
Wait I can get my estrogen by eating my recipe?
No, the BPAs in it disrupt the endocrine system and lead to cardiovascular disease. I've also heard it's carcinogenic. Really should not be described as anything like synthetic estrogen.
I remember how bad stores were then it was before celebrity chefs took over and stores started carrying more than the basics.
Except in the meat department. There were a lot more cuts of meat back then.
what does Lenorc’Trate go for these days?
About £5.50
That 84 pence Beefburger x4 must have been quite a sight to behold.
44c worth of sausage meat, what was that one patty?
I remember beans being that cheap, hell I remember a few years prior to that Tesco would sell them for less than 10p. Now it's like £1-£1.50 for a single tin
Something has gone very wrong somewhere
I remember 9p beans! Everything is ludicrously expensive now
Mmmmm.... S'lized Milk. 🤤
Back then they called it a "grocery store". But we don't use that term anymore because it's old fashioned.
I've literally never heard anyone call it anything other than a "grocery store". I know of the word "supermarket", but I've never heard anyone actually say it in public in my 38+ years on planet Earth.
Are you tilting at their use of 'food shop'? Because that isn't being used in place of 'grocery store'
We should redenominate the dollar. When you do this, you essentially create a "new dollar" or a "Dollar 2.0." You could make 1 new penny equal exactly to 1 old dollar. No currency is actually rendered worthless and no new inflation occurs. Just a relabeling to make things more convenient. Really this is the kind of thing we should do as a matter of course every century or so.
This is literally one of the most highly regarded ideas you could have, economy wise
Up there with price controls, increasing minimum wage monthly by decree, increasing taxes just for the lolz, printing money to fund domestic spend and random companies expropriations
Look how it went for Venezuela, ArgentinaLMAO 🤣
I have no sides and I must KEK
so is there an approach you wouldn't dance around the R word to describe?
Lot of weird pies on that reciept
Clearly you’ve never had minced beef and onion or pork pie.
:( I was born in the apple pie side of the world
If you’re ever in a British bakery please try these simple but amazing products.
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