Economy A looming port strike could fuel inflation and cause layoffs the ILA is officially on strike

[rearnakedchoke]

Trump supporters were pissed when the fed lowered rates and now pissed that this strike was ended. Imagine being such an asshole that you’d hope for the worst so your boy gets elected.

 

[PainIsLIfe]

A 9 percent raise year over year is not excessive at all. It barely beats inflation.

The demand for no automation is a deal breaker tbh.

They asked for 70% raise over the contract. That's 24% year over year and inflation isn't normally 9%.

But more power to them if they can get it

 

[tastaylvr]

They asked for 70% raise over the contract. That's 24% year over year and inflation isn't normally 9%.

But more power to them if they can get it

I think you should recheck your math..

 

[Halifax]

RE: the bold. Interesting. I'll have to have a look into that.

But Captain Pedantic wants me to point out that if a price doubles it's risen by 100%, jut sayin'. Same thing happened here.

Lol OK. Prices are 200% what they were 4 years ago. Better?

 

[Scerpi]

A 9 percent raise year over year is not excessive at all. It barely beats inflation.

The demand for no automation is a deal breaker tbh.

You're right... a 9% yearly raise WOULD barely beat inflation....

Under the Biden/Harris Admin

lol...

 

[Scerpi]

Trump supporters were pissed when the fed lowered rates and now pissed that this strike was ended. Imagine being such an asshole that you’d hope for the worst so your boy gets elected.

Nope... An extended Port Workers strike could have cause issues similar to Covid.

It's good for everyone that it got resolved quickly.

Now... which party got screwed and which is happy?

 

[Andy Capp]

Lol OK. Prices are 200% what they were 4 years ago. Better?

Honestly? "The price doubled" is better. But yeah, saying wages are rising faster than inflation now doesn't get you any closer to a home you can afford if there aren't any. You and I were quite fortunate with regard to our timing.

I just hope the measures the government is taking actually work. They announced a new one today intended to allow people to refinance their homes to renovate parts of them for separate accommodations. Looks like it could help.

 

[Islam Imamate]

Honestly? "The price doubled" is better. But yeah, saying wages are rising faster than inflation now doesn't get you any closer to a home you can afford if there aren't any. You and I were quite fortunate with regard to our timing.

I just hope the measures the government is taking actually work. They announced a new one today intended to allow people to refinance their homes to renovate parts of them for separate accommodations. Looks like it could help.

The core issue is lack of supply and ironically many of the people who complain about high home prices also support the laws that constrain supply.

 

[Andy Capp]

The core issue is lack of supply and ironically many of the people who complain about high home prices also support the laws that constrain supply.

Just to be clear, he and I are talking about the government of Canada here and agreeing, more or less, that their recent measures might actually do some good.

To wit,

Deputy Prime Minister announces new actions to build secondary suites and unlock vacant lands to build more homes​

 

[PainIsLIfe]

I think you should recheck your math..

23.33333.

Happy?

 

[Scerpi]

Lol OK. Prices are 200% what they were 4 years ago. Better?

Except for TV's... what in the holy hell. There's a 75" Vizio at CostCo for sub $400.

How are they making money in on these?

 

[Halifax]

Except for TV's... what in the holy hell. There's a 75" Vizio at CostCo for sub $400.

How are they making money in on these?

Technology tends to depreciate whenever new technology comes out and nobody can afford new TVs lol.

 

[Islam Imamate]

Except for TV's... what in the holy hell. There's a 75" Vizio at CostCo for sub $400.

How are they making money in on these?

Technology tends to depreciate whenever new technology comes out and nobody can afford new TVs lol.

The price of TVs has definitely gone down a lot including new TVs.

Markets are good at reducing prices and improving quality over time, the issue is that many people have certain moral hang ups about allowing the market to operate freely in regards to housing which means its cost is artificially inflated.

 

[Halifax]

The price of TVs has definitely gone down a lot including new TVs.

Markets are good at reducing prices and improving quality over time, the issue is that many people have certain moral hang ups about allowing the market to operate freely in regards to housing which means its cost is artificially inflated.

Housing and shelter being a necessity while a new TV isn't also factors in a bit there

 

[Islam Imamate]

Housing and shelter being a necessity while a new TV isn't also factors in a bit there

That's true as it means inelastic demand but I think the main problem is artificially constrained lack of supply from excessive regulation. Places that have addressed these regulatory hurdles have seen significant slowing the increase of their housing prices if not a reduction when compared to places that haven't.

 

[Halifax]

That's true as it means inelastic demand but I think the main problem is artificially constrained lack of supply from excessive regulation. Places that have addressed these regulatory hurdles have seen significant slowing the increase of their housing prices if not a reduction when compared to places that haven't.

Agreed. Red tape and Nimby 's pretending to care about environmental factors to delay and roadblock construction is/was a big issue in my neck of the woods

Our provincial government has been taking steps to bypass mayor's and city councils who tend to cater to these nimby's

 

[method115]

Housing and shelter being a necessity while a new TV isn't also factors in a bit there

Doesn't help that TVs last for like 10+ years at this point. The last TV that I used till it died lasted me like 12 years.

 

[Halifax]

Doesn't help that TVs last for like 10+ years at this point. The last TV that I used till it died lasted me like 12 years.

Yeah. You know what technology they aren't really letting Public? Bigger external hard drives lol.

15 years ago I bought 2TB external hard drives and it cost $80 a piece

I recently bought a 4 TB external and it cost $100.

I know they can make 100TB drives cheap but once you have 4 TB you really don't need much more space so why would they want it on the market i guess. I have 1 backup 4TB drive with all my movies, shows, family pictures, etc and another cloned.

If I put anything new on, I just have a dated folder and eventually clone it over too.

 

[method115]

Yeah. You know what technology they aren't really letting Public? Bigger external hard drives lol.

15 years ago I bought 2TB external hard drives and it cost $80 a piece

I recently bought a 4 TB external and it cost $100.

I know they can make 100TB drives cheap but once you have 4 TB you really don't need much more space so why would they want it on the market i guess. I have 1 backup 4TB drive with all my movies, shows, family pictures, etc and another cloned.

If I put anything new on, I just have a dated folder and eventually clone it over too.

You're preaching to the choir. I have 70TB raid setup at my house for my plex server. I was constantly watching drives and how big they are getting and how much they are. I have 11Tb of free space right now so I've kind of stopped monitoring the market since this will last me a few years at least. When I have to upgrade again though I want to go much larger. The smallest drive I have right now is 5TB, then 8TB, 12T, and the rest are 14Tb.

A buddy of mine who shares his plex library with me is over 100TB by now. Not sure how much total he has at this point but every single day I watch TV I see new movies and TV shows downloaded onto his server.

 

[Halifax]

You're preaching to the quire. I have 70TB raid setup at my house for my plex server. I was constantly watching drives and how big they are getting and how much they are. I have 11Tb of free space right now so I've kind of stopped monitoring the market since this will last me a few years at least. When I have to upgrade again though I want to go much larger. The smallest drive I have right now is 5TB, then 8TB, 12T, and the rest are 14Tb.

A buddy of mine who shares his plex library with me is over 100TB by now. Not sure how much total he has at this point but every single day I watch TV I see new movies and TV shows downloaded onto his server.

I must have 500 movies, 70 full series TV shows, every video and picture I have ever saved or taken on my phones over the years, a huge library of music, games and more on my 4TB drive and I still have 800gb free space

The only reason I will ever have to buy another is if one craps out on me. which has happened back in 2005, and why I always have a clone drive backup