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How selfish can you assholes be?! Don’t you realize your suffering is load-bearing?! Without it, the whole system that allows Jeff Bezos to live like King Solomon will collapse!
No problem, as long as my salary is increased more than the groceries…
I’ll take my chances with everyone having more money. The economy dies when no one can buy anything.
“Pay workers twice the cost of living and the economy will thrive” -
Adam Smithsome fucking commienistDeflation is actually pretty awful for everyone, it creates a negative feedback loop that results in widespread job losses. The Great Depression was largely driven by a deflationary spiral.
I’ve felt bad for The Onion for many years. This is, unintentionally, fucking hilarious.
Guessing here: deflation is worse for us than inflation for economic reasons. However, in this capitalistic hellscape of a prison server we now live on, I’m pretty sure the inflation we do have is completely imaginary pricing to steal more capital from the working class before we destroy each other (hopefully billionaires first, but come on, that’s a joke too).
Their economic reasons are superstitious nonsense. It’s always been about siphoning wealth from the working class. The purpose of a system is what it does.
It’s not nonsense, we’ve seen deflation destroy economies plenty of times.
The issue is that what economists are saying is don’t ask/expect lower prices, demand higher wages. Higher wages produce basically the same result without breaking the economic system.
Maybe you want the economic system to break, but for most people that would be bad and lead to a lot of death and suffering.
What we’ve got now is even more broken! Forever inflation is not a good idea.
I mean, if you go back 100 years in the US, there has always been some inflation (as that’s how our economic model works). The cost of living crisis isn’t caused by inflation, but larger macro economic policies.
Source: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Is there a link to the actual text of the article or are we just sufficiently enraged by headlines now?
The Washington Post page is paywalled. Here’s the same article on MSN.
The argument seems poorly constructed and hard to pull out from the article. But it boils down to, “Business won’t do it unless they have to. Lowering prices means demand has dropped and they need to boost demand. They will also cut jobs since they gave pay raises recenlty. Cutting jobs could result in a recession.”
I’m still a bit iffy if that’s the actual argument, but that’s my read right now.
