Seriously, anyone with even half of a working brain should be able to figure out that if prices aren't coming down NOW, they're going to not come down at the same rate, or even slower, after workers get a small pay raise.
I can't believe they still expect people to believe that inflation is in any way tied to wages, especially when they've proven so many times in recent years that the don't even have to justify raising prices, and could just say "Prices are going up because we want more money."
The oligarchs are trying to keep us riding the razor's edge between too desperate to lose what little we have, and so desperate we don't have anything left to lose.
Politico was acquired by Axel Springer SE in 2021. In case you don't know what that is, they also own 'Die Welt', 'Fakt' and 'Bild'. That last one being the largest rightwing, 'unpolitical' (aka extremist) yellow press garbage Germany has to offer. Springer has "alledged" (wink wink nudge nudge) monetary ties to the CIA, their ceo frequents meetings with the top of extremist rightwing party AfD and they had cases of sexual misconduct among their top staff.
The only thing that might maybe bring prices down is a boycott, especially of "name brands."
New article: "Fewer sales could be a good thing for businesses because as true capitalists, they'll have to lower prices due to low demand, which will mean more people can afford to buy products and CEOs wont be guillotined." Not expecting it, though.
That's the Axel Springer SE for you. Their founder was the German Rupert Murdoch. They publish a bunch of right-wing rags in Germany and acquired Politico a couple of years ago, so propaganda like this was to be expected.
And Van Zandt the lying piece of shit still rates the site as left-biased, just like NYT and WaPo and all the other billionaire-owned right-wing outlets. Gotta keep the myth of the "liberal media" alive.
The Great Depression. Basically whenever you read in history about depressions or panics (the old fashioned word for depression), prices dropped severely. Ever since the Great Depression, governments and central banks have worked to not let negative inflation happen because it actually shrinks the entire economy and makes the economic impact worse.
Inflation isn't a bad thing, too much inflation is, but negative inflation is also a bad thing, you really want between 0-2% annual inflation.
I mean, even if the companies would reduce the price of their products exactly by the amount of its lowered labour costs, the whole argument only makes sense to begin with in a universe, where the labour costs for a product make up more than 100% of its sales price (yeah, the assumption is as stupid as it sounds). Otherwise, the relative price reduction will always be smaller than the salary reduction and the workers can effectively buy less stuff.
Wages have remained flat for decades and we're still paying double what we paid just a few years ago. Maybe it isn't wages that are raising prices... Slave wage paying employers, 'Ha! You obviously know nothing about Trickle Down Economics! LOOK! Iran want's to nuke America!''...
"Healthcare costs are skyrocketing while more and more claims are being denied. Why dying young from a preventable disease and in crippling debt is actually a good thing"
hey, at least then they actually have some incentive to pay you enough to survive, or at least take care of your basic needs. since apparently, they don't have to do that now and can simply expect you to work multiple different jobs.
They are really trying to port all your job relevant information into an Ai and put you out to pasture. They have no interest in paying the medical costs necessitated by chattle slavery.
"Living inside your locker in the Amazon warehouse you already work in for 16 hours every day of the week is actually very cheap, easy and good for boosting morale."
This is something I really wish the US in particular but political discourse in general really needs to get its head around, and i’m gonna put it in all caps: TAX CUTS DON’T MEAN SHIT. At least not to you, the average person. And this shit is why. Taxes go down, you have more money, company doesn’t need to give you as big a raise. Within a few years it’s like it never happened.
It seems to be the case in the US indeed. But don't put us all in the same basket. Having yearly raise is a right in my Belgium, tax cuts or no tax cuts.
to be clear it’s not whether or not there’s a raise, but how much. Market forces dictate wages, are workers getting the standard of living they expect from the job, etc. That’s defined by after tax income and the economy as a whole, and it adjusts pretty quickly when tax rates change.
Well, it happened in the sense that they cut government services to pay for it, I guess. But it never happened in the sense that people are no better off.
Take home pay, government services, the price of goods. These are the things that dictate how well off the average person feels, but all anyone in politics ever pitches is tax cuts.
narcoleptiKnickers
Paying for work experience could be the next big thing young workers entering the work force. - next week's headline
SMarkt
stabbing you with a knife can be good for you, because you dont have to carry that knife in your hands. unionize!
TI99Kitty
Seriously, anyone with even half of a working brain should be able to figure out that if prices aren't coming down NOW, they're going to not come down at the same rate, or even slower, after workers get a small pay raise.
I can't believe they still expect people to believe that inflation is in any way tied to wages, especially when they've proven so many times in recent years that the don't even have to justify raising prices, and could just say "Prices are going up because we want more money."
TI99Kitty
And THAT would at least be honest.
TheDefective
theobstruction
The oligarchs are trying to keep us riding the razor's edge between too desperate to lose what little we have, and so desperate we don't have anything left to lose.
AttemptedCleverity
As a uni educated economist, let me just say: fuck all things finance. Your sector’s carcinogenic greed is the source of most problems in the world.
JohnSmithterms
Politico is funded by the psycho peter thiel fan club.
Quebeker
In other new. Record high bonus for CEO’s and shareholders
TheGrumpyOldTroll
Wake up, sheeple!
certainlynotaserialkiller
In other news: corporate profits are going to trickle down into better conditions and pay for all employees!
Any day now....
DriverIRQnotlessOrEqual
Could but won’t
bigdix69420
Prices....ain't coming dow
charliethewizard
Sure they are, right along with those tariff refunds to consumers.
getadogupya
WatcherNotCreeper
...but it wont!
MyCommentsUsuallyHaveTypos
Yeah, no that's not how it works.
Freakscar
Politico was acquired by Axel Springer SE in 2021. In case you don't know what that is, they also own 'Die Welt', 'Fakt' and 'Bild'. That last one being the largest rightwing, 'unpolitical' (aka extremist) yellow press garbage Germany has to offer. Springer has "alledged" (wink wink nudge nudge) monetary ties to the CIA, their ceo frequents meetings with the top of extremist rightwing party AfD and they had cases of sexual misconduct among their top staff.
So that headline is not surprising.
DWolf
The only thing that might maybe bring prices down is a boycott, especially of "name brands."
New article: "Fewer sales could be a good thing for businesses because as true capitalists, they'll have to lower prices due to low demand, which will mean more people can afford to buy products and CEOs wont be guillotined." Not expecting it, though.
FiftyShadesOfTiramisu
That's the Axel Springer SE for you. Their founder was the German Rupert Murdoch. They publish a bunch of right-wing rags in Germany and acquired Politico a couple of years ago, so propaganda like this was to be expected.
TomBrokaw
Ahhh, that's what happened. I noticed it was getting worse and worse so I just stopped going to Politico, didn't know the reason though.
FiftyShadesOfTiramisu
And Van Zandt the lying piece of shit still rates the site as left-biased, just like NYT and WaPo and all the other billionaire-owned right-wing outlets. Gotta keep the myth of the "liberal media" alive.
BuckinCrazy
YEAH PEASANTS , LESS MONEY IS GOOD BE THANKFUL FOR WHAT YOU HAVE WE COULD TAKE THAT TOO
Akule
2022 article.
https://subscriber.politicopro.com/article/2022/07/pay-raises-are-getting-smaller-that-could-be-a-good-thing-for-workers-00045482
TomBrokaw
it has not, in fact, been a good thing for workers
swedeonamoose
Ye cuz as we all know companies always lower their prices to match the average workers income
livingonagiantfireball
I encourage everyone to email them your opinion; newsrelease@politico.com
Revnis
Better to ask have they ever lowered prices to match income.... Or really anything.
draqsko
The Great Depression. Basically whenever you read in history about depressions or panics (the old fashioned word for depression), prices dropped severely. Ever since the Great Depression, governments and central banks have worked to not let negative inflation happen because it actually shrinks the entire economy and makes the economic impact worse.
Inflation isn't a bad thing, too much inflation is, but negative inflation is also a bad thing, you really want between 0-2% annual inflation.
WhyDontYouMakeMe
Prices can go down? Now I've heard everything
Malak224
Not below pre covid levels though.
ElroydIsGone
I mean, even if the companies would reduce the price of their products exactly by the amount of its lowered labour costs, the whole argument only makes sense to begin with in a universe, where the labour costs for a product make up more than 100% of its sales price (yeah, the assumption is as stupid as it sounds). Otherwise, the relative price reduction will always be smaller than the salary reduction and the workers can effectively buy less stuff.
manystripes
Pay raises already weren't keeping up with inflation, so the question, as always, is "Where is all that money going?"
algoritham
Into pockets that are already stuffed with our money.
Munchman347
Wages have remained flat for decades and we're still paying double what we paid just a few years ago. Maybe it isn't wages that are raising prices... Slave wage paying employers, 'Ha! You obviously know nothing about Trickle Down Economics! LOOK! Iran want's to nuke America!''...
Sinisfun
JimTheRaven
What are you smoking and why aren't you sharing.......
Osiricus
"Healthcare costs are skyrocketing while more and more claims are being denied. Why dying young from a preventable disease and in crippling debt is actually a good thing"
Shift137
As I get older my penis isn't as eager as it once was. This could be a good thing for the ladies.
SecretlyASquirrel
Eddyrock
Next up: being owned as Chattle by your boss could be the next evolution of the workplace. 😢
Krypet004
hey, at least then they actually have some incentive to pay you enough to survive, or at least take care of your basic needs. since apparently, they don't have to do that now and can simply expect you to work multiple different jobs.
swedeonamoose
I owe my soul to the company store.
OneMoreLime
They are really trying to port all your job relevant information into an Ai and put you out to pasture. They have no interest in paying the medical costs necessitated by chattle slavery.
FelonyRaptor
"Living inside your locker in the Amazon warehouse you already work in for 16 hours every day of the week is actually very cheap, easy and good for boosting morale."
YouAreTheInsultMaster
It's like a fun sleep over every night!
TheGhostofElizabethShue
This is something I really wish the US in particular but political discourse in general really needs to get its head around, and i’m gonna put it in all caps: TAX CUTS DON’T MEAN SHIT. At least not to you, the average person. And this shit is why. Taxes go down, you have more money, company doesn’t need to give you as big a raise. Within a few years it’s like it never happened.
emu314159127001
Except you don't really have more money, if you don't make a lot to begin with. Can you even notice a few hundred dollars over the course of the year?
Zamerine
It seems to be the case in the US indeed.
But don't put us all in the same basket. Having yearly raise is a right in my Belgium, tax cuts or no tax cuts.
TheGhostofElizabethShue
to be clear it’s not whether or not there’s a raise, but how much. Market forces dictate wages, are workers getting the standard of living they expect from the job, etc. That’s defined by after tax income and the economy as a whole, and it adjusts pretty quickly when tax rates change.
TheGhostofElizabethShue
Well, it happened in the sense that they cut government services to pay for it, I guess. But it never happened in the sense that people are no better off.
Take home pay, government services, the price of goods. These are the things that dictate how well off the average person feels, but all anyone in politics ever pitches is tax cuts.
sleepinggreenidea
I dunno, the Wall Street Journal assured me that the average American worker is really most concerned with the Dow & top marginal tax rates.
TheGhostofElizabethShue
oh well if it was in a newspaper, never mind I guess.
TheGhostofElizabethShue
They certainly won’t tell you that raises go *up* after a tax increase, oh no.
Zetor
And monkeys might fly out of my butt!
Aranon1183
That's not true... Monkeys fling shit, but they don't want to be anywhere near YOUR butt!
gonzar09
https://media4.giphy.com/media/v1.Y2lkPWE1NzM3M2U1dDNkM2NleXVscmttYmxvbzhqMW0yaXQ5cjlocXR5NXJ2aDRxYXNmZiZlcD12MV9naWZzX3NlYXJjaCZjdD1n/wsWcsrfMXjJgk/200w.webp At least the Mirth Mlbile has arrived. A little Bohemian Rhapsody, gentlemen?
chrisckelly
Good call!
irisewithredeyes
Hector disapproves...
gonzar09
Did that monkey just come out your crack, man?
knudude
tinydog
Chyahhh
idontwannayoucantmakeme
Yeah and if a frog had wings it wouldn't bump its ass when it hops
2774
"It might happen. Yeah, and monkeys might fly out of my butt"
Vempire
haIreallysigneduphere
Its the anal dwelling butt monkey!
PineappleLoopsBroether
What a coincidence!! …. cuz thaaats TODAY