Economy GOP back to Inflation worries. "Hyperinflation" (Update: 2022 Inflation Highest in 40 Years)

[WaylonMercy5150]

Meh. I could tell you I care deeply about the poor but I'd be lying. Just like many people accumulating political points on the other side of this issue are right now. If interest rates go up and housing/stock/commodity markets correct they will switch back to caring about those things again.

I literally live in poverty lol.

 

[TUFNewb]

I literally live in poverty lol.

Well shit... I'm genuinely sorry to hear that and I hope your situation improves. I really do.

To clarify I do care about other people just not to the point where I'll pretend like my family and I do not benefit financially from low rates and increased prices, and that I'd like to see it all go drastically in reverse all of the sudden. My taxes and votes go to a lot of social safety netting stuff in canada that I know has a lot of value for people and I wouldn't want it to go away. I also gotta look out for my own though.

 

[WaylonMercy5150]

Well shit... I'm genuinely sorry to hear that and I hope your situation improves. I really do.

To clarify I do care about other people just not to the point where I'll pretend like my family and I do not benefit financially from low rates and increased prices, and that I'd like to see it all go drastically in reverse all of the sudden. My taxes and votes go to a lot of social safety netting stuff in canada that I know has a lot of value for people and I wouldn't want it to go away. I also gotta look out for my own though.

I'm a Canadian national. White Rock, BC!

 

[AWilder]

Tell me about it. I started my current job four years ago at $15 hr, I've worked hard, have had great reviews each year, and now make just under $26 hr. I was in Ann Arbor a couple weekends ago, and saw a Cottage Inn Pizza restaurant hiring "Pizza Pro's" starting at $20 hr!

the biggest raises i've got were jumping to new employers. it's sad, but sticking with a company and being "loyal" to them will only ruin you financially. I see it all the time. People with decades with the company making less than the new guy that just started. Go to a competitor, get yourself a raise.

 

[TUFNewb]

I'm a Canadian national. White Rock, BC!

Nice, its really beautiful that part of BC. I'm in AB but have spent some time in Langley and Surrey which I know is just next door. Loved it.

 

[AndroidRage]

the biggest raises i've got were jumping to new employers. it's sad, but sticking with a company and being "loyal" to them will only ruin you financially. I see it all the time. People with decades with the company making less than the new guy that just started. Go to a competitor, get yourself a raise.

This has been proven to be true through studies I believe. Yeah, it pays to be disloyal to your employer.

 

[Yehudim]

Quick print MORE money!!

Reminds me of how Paul Krugman “jokingly” suggested we have to make a new bubble in response to another one popping.

He later clarified it was a joke but the only joke was the term used, not the principle, which is what the New Keynesian model is.

 

[Source]

What solutions for which problems do you have?

Does complaining on sherdog count as a solution?

 

[Deleted member 110072]

The Carbon tax definitely caused raised prices on goods. It’s not the only cause, but it’s there.

Corporations are not in the business of losing money, so when it costs them more to bring their goods to market that cost increase is passed on to consumers. Our politicians don’t care that people’s purchasing power is going down the drain, as long as they can virtue signal about the environment.

A carbon tax doesn’t affect the wealthy as much as regular folks. When you make millions, you’re never going to change your driving habits because of the price of gas.

Really the issue is poverty, we've created an enviroment were much of the population are only able to survive due to extreme cost cutting measures that leave very little room for any kind of positive change that might push costs up.

Inflation of prices probably does been to happen across the devolped world, not just for that reason for to improve the standards o housing, food, etc but it obviously needs to go hand in hand with increases in income which centralist liberials will never agree to the same as conservatives wont.

 

[ElKarlo]

I don’t really follow Canadian politics. I know that here though inflation is largely a trailing effect of the COVID disruption of the supply chain. It’s more complicated than that to be sure, but is has almost 0 to do with who is sitting in as president.

Republicans love to blame it on Biden but they can’t actually point to any policy that caused it. They’re to simple about this stuff. Most of them probably realize it has nothing to do with him but are eager for the cheap “win”.

Sentiment. Breaking points did a thing on it. If Biden isn’t saying he’s doing stuff, people don’t think he nor the govt is doing anything. So the idea is he isn’t and that can make inflation worse. A factor of inflation is sentiment and the idea that it’s going to be worse or better impacts how you spend and how you price. The fact that he isn’t doing anything should be seen as a massive failure.
One of the ways central banks got inflation down so low last decade was by defaming it to be low and acting as though it was low. Sentiment followed and it became reality

NPR did a special on this a few years ago. The bank of New Zealand pioneered this

 

[ShadowRun]

Damn electric , oil and now food company’s they just raising prices just because … you go get em Warren !! She’s been on fire …. End sarcasm

 

[lifelessheap]

Well that's inevitable when you borrow money from the same people you owe the money to lol. Not that the government even has a choice, several US presidents were assassinated shortly after giving the US treasury the power to issue new currency.

Those who resisted the installation of the Unconstitutional "Federal" Reserve were assassinated as well.

 

[MoparOrNoCar]

Damn electric , oil and now food company’s they just raising prices just because … you go get em Warren !! She’s been on fire …. End sarcasm

Deflect!

Remember these are the same people that are mad that they couldn't deflate the currency even more with their $3.5 trillion bill.

 

[Mr Holmes]

 

[mjfan23]

Our up in arms Canadian sherbros now need to wait till Biden tells Trudeau this since Trudeau is oblivious to rising costs

 

[Revolver]

the biggest raises i've got were jumping to new employers. it's sad, but sticking with a company and being "loyal" to them will only ruin you financially. I see it all the time. People with decades with the company making less than the new guy that just started. Go to a competitor, get yourself a raise.

This. At the very least you’ll find out if your employer actually values you and wants to keep you by trying to give you more money.

 

[AWilder]

This. At the very least you’ll find out if your employer actually values you and wants to keep you by trying to give you more money.

This is true. I hire a lot of people and this year was the first time I had people hired and then call me just before their start date because their current employer gave them a better offer. I can't blame them although it's a little annoying to not get your first choice engineer.

 

[rikibobby]

Higher costs = more tax revenue.







My dad just got his propane tank filled for heating fuel in Northern Ontario. Carbon tax was applied to the total cost of propane WITH HST APPLIED. they are taxing the tax for fuck sakes. This country is ran by crooked fucks, that's for sure.

 

[BIKES!]

This. At the very least you’ll find out if your employer actually values you and wants to keep you by trying to give you more money.

I’ve had several special calibration meetings focusing on flight risk. This “great resignation” fear after bonus payouts seems to be resonating…

 

[Saye_mc]

I don’t really follow Canadian politics. I know that here though inflation is largely a trailing effect of the COVID disruption of the supply chain. It’s more complicated than that to be sure, but is has almost 0 to do with who is sitting in as president.

Republicans love to blame it on Biden but they can’t actually point to any policy that caused it. They’re to simple about this stuff. Most of them probably realize it has nothing to do with him but are eager for the cheap “win”.

I'll bite
He immediately signed executive orders eliminating the deregulation to industry Trump passed.

He hired a dude, who took a two month vacation, to be with his husband and newly adopted child, who was supposed to be secretary of trade, during a shipping and receiving crisis

He ended PUA which was giving people unemployed due to covid a life line

And he passed allow forcing the jab on workers who work for companies with more then 100 employees

Not to mention he cut off our pipelines