If people can afford to commute to office jobs in 5,000lb trucks the gas prices aren’t high enough.
I’d argue most of us are older but not too old to remember what the internet was as well.
The people running the show know what is going on and it’s been this way for ages. Did we all forget the Kent State massacre
Oh yeah? https://www.irs.gov/publications/p936
The IRS says you can deduct the interest on your mortgage but I can’t deduct when the rent goes up? Mortgages are usually fixed rates that stay about the same always while rent is constantly going up.
That’s capitalism for you. They’re not interested in making things better, they’re interested in making more profit.
The data you linked was not incorrect; however it is irrelevant when people are living paycheck to paycheck more now than ever (in modern times). If you’re living paycheck to paycheck with no investments you are not relying on inflation to add to investment return. If you were to bring up cats when talking about cars I would likely disregard it as well.
Love that you totally ignore the wages v. income. Ha.
You never mentioned wages vs income so hard to not ignore it.
There is no housing shortage, there is a housing as a service boom.
It’s not linked, you’re just lost in the sauce and assume they are. No wonder you can’t understand how deflation would benefit those on a fixed income unable to build savings or wealth.
We are seeing economic indicators of distress. Most Americans have no savings, spend closer to half their income on housing, have most bankruptcies due to medical bills, can’t pay their student loans…
You’re talking about bad financial decisions not economic distress. Yeah, people aren’t getting home loans they can default on because they can’t get the loan, it’s like 5%+ on houses 4x their value a decade ago.
You’re talking about the finance bro shit not the working class shit. Sure the finance bros are fine but it’s no wonder the working class doesn’t want to do this for the sake of the finance bros.
Raises usually lag behind inflation, but generally keep pace with it, more or less.
They really don’t. Especially now-a-days.
Unless it’s good to break the law.
The law is not good or bad, it’s just the law
That’s really not correct.
If you don’t get a raise, inflation doesn’t help you pay bills; however, you’d have to have your pay reduced to not cover deflation and that’s much harder.
Since working class people typically pay their debts off an income it wouldn’t be much of a problem. It’s the investors that would be facing more of a problem as their investments would not be increasing in value with the currency.
Conversely if the wages matched inflation it wouldn’t matter much but they never do because any inflation or deflation is means for an employer to trim the wages they pay.
Not only does the salary go down in small towns but the number of positions are greatly reduced. All it takes is a layoff and that “cheaper” small town could be too expensive because there are no more positions to fill.
And corporations. Allowing profit to go free is allowing the labor who made the profits to go unpaid.
It’s weird that 60 years ago Gary would not be considered a small city. Went to shit real fast.
I guess? It’s really both as it is more expensive compared to mostly all privately owned land.
Because a bunch of rich people think it’s worth it I guess
Pretty sure most windows users hate their OS right back.