We wear blue for autism awareness love hand sign shirt

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It’s important to stress that minimum wage increases do not cause inflation – it’s midpoint suppliers taking value out of products because it can snipe that value out or companies at the We wear blue for autism awareness love hand sign shirt Furthermore, I will do this point of creation deciding it can charge higher prices because it sees more money rather than because it has more value. Prices for things like food and medicine are inelastically demanded, meaning people will always tend to pay for them even if the price goes up or down (if you’re starving or dying, you will buy what you need even if the guy is fleecing you). These are the major reasons for inflation, but the people who declare inflation often belong to the big corporations, and those are seen as “good, honest, big companies” in the US, so we’d rather blame poor people for ‘being greedy’ for wanting a living wage.

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The reason why inflation has gone up without a minimum wage increase is because the We wear blue for autism awareness love hand sign shirt and I will buy this greed value of the people at the top has increased. Usually, they managed to do it cyclically, spending the last few decades taking a bigger piece of the pie from hard-working Americans. The latest generations are the most educated and most productive group of people to exist on the planet Earth yet, but their quality of life, economic buying power, and even expected years of life are somehow going down. There were some restricted and legitimate inefficiency breakdowns in the economy during the COVID epidemic. However, once those causes disappeared, nobody tuned down their prices! In a normal capitalistic society, companies in competition would compete via pricing until you achieve a fair economic pricing, achieved via the normal mechanics of interacting supply and demand curves dictating a price. This is just a slightly more advanced reading of your basic end-of-high-school Econ 101 or college intro level course into Economics. Nothing too crazy.
However, it’s important to stress that this only works in a place with lots of competition. With so many companies owned by essentially the We wear blue for autism awareness love hand sign shirt and I will buy this same small group of corporations or people, and with so much money spent on corporate lobbying of our government, we have something between an oligopoly or crony capitalist class – essentially, the groups with access to most of the big businesses can control the prices. They don’t need to collude, mind you, which is outrightly illegal (but make no mistake, collusion happens). Everybody can communicate and make clear their ideas and just… not lower prices. It’s more profitable not to compete. In short, we’ve created an economic system where a small handful of major corporations can secretly communicate or have so much power over the economy, combined with the intentional lackluster oversight from the government (whose politicians are personally bribed by big business), that they don’t have to make appropriate prices. Price gouging is technically illegal, but a megacorporation has more lawyers than the guy being cheated at their local supermart. While the latest increase in prices is the most brazen, the fact that it isn’t being pushed back, will just encourage them to keep pushing it more and more. It’ll only stop if we somehow hit a cycle where we just barely miss a collapse and stop imminently just before one, prompting an emergency response. Otherwise, they’re going to push it right to the brink until it breaks.

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Politics cause inflation. Minimum wage increased due the We wear blue for autism awareness love hand sign shirt and I will buy this this. Yet, no matter the situation, you will always be behind/below the curve. As this is intentional. You are living in a trap called slavery. This is known as the ‘American dream’ You know who says rising minimum wage causes inflation? Rich people and business owners. And when they say this to me, I tell them that if this is true, it’s the best argument against capitalism they could possibly give. What alternative would they suggest to poor people to get ahead? Certainly not supplementing their income with a government handout, paid for by an increase in taxes on the wealthy. Yet they will tell you they are sooooo concerned about inflation because of how it affects the price of basic groceries for average people. I suppose they would say the poor should be like them and start their own business/pull themselves up by their bootstraps. Putting aside structural barriers, if their plan for the poor is for them to start their own businesses, where will these poor business owners then find cheap labor?
I have an idea…let’s try putting an end to ‘greedflation’ (when business raise their prices because they can get away with it by claiming ‘inflation’ even though their own costs haven’t actually increased) and see if that caps inflation a bit so we can get more money to the We wear blue for autism awareness love hand sign shirt and I will buy this poor…which they can then spend on products made by these businesses… Because raising the minimum wage has a ridiculously minimal impact on inflation. It’s a lie when you hear people say this is why costs are rising. Rising labor costs is not the only driver of inflation… it is one of the most significant, but by no means the only one. Supply and/or demand causes inflation. More money being available to spend in the economy causes higher demand and inflation (either from raises, federal bailouts, fwd money printing etc). Less supply available causes higher demand for what is available, and inflation.
The only reason raising minimum wages would cause prices to go up is because the We wear blue for autism awareness love hand sign shirt and I will buy this corporations are f****** greedy assholes who will raise their prices to match their losses. The “minimum wage increases inflation so never increase it” bs comes from the same people who invented “trickle down economics.” That is, rich people. Its aultitude of things that cause inflation but realistically we could slowly raise wages and artificially limit inflation to less than a certain% per year until the wages catch up with the rampant inflation. Nothing causes inflation. Inflation isn’t real. They always gave us the explanation “it’s all about supply and demand” when I was growing up and asked about inflation. But we make a lot more than we use in most cases, why is the price going up? Eggs and wheat are a renewable resource, it’s not like the planet is running out of them like it’s running out of the oil our leaders get genocidal over, so why are food prices rising even as we throw away enough to feed a second country every day. So clearly, inflation was never about “supply and demand” it has always just been human greed.
Instead of doing the We wear blue for autism awareness love hand sign shirt and I will buy this thing that’s best for the country as a whole & lowering profit margins so that we all bear the burden, they are squeezing us as hard as they can. Those record profits, in part, goes to buying/bribing politicians to allow it. We need some anti-trust legislation, term limits, & a reversal of the Citizens United ruling. Greed drives inflation and the reason the minimum wage is low is so that the super wealthy can keep more while the rest of us pay for their workers through public assistance Less than 2% of workers make the federal minimum wage. Wages have outpaced inflation and real wages are currently higher than pre-pandemic. This assumes that rising wages cause increased prices…price is dictated by the market and competition; not a company’s costs. Raising minimum wage would push some companies out of business and those with a competitive advantage would survive/flourish. Don’t listen to the billionaire bullshit that they can’t afford it—they’re full of shit.
It is not what causes inflation, corporations seeking record profits every year drives inflation. They just know how easy it is to convince people to blame things on poor people who have no power so they don’t have to take any blame at all There is no evidence to support minimum wage increases causing inflation. The evidence says the We wear blue for autism awareness love hand sign shirt and I will buy this opposite. Look at a chart of inflation cross referenced with wage increases in the US. Right now it’s largely price increases on goods that came about during the pandemic that are driving inflation. After the pandemic, many of the obstacles that drove prices up were mitigated or overcome. However, rather than returning prices to their pre-pandemic levels, corporations have instead kept prices high while bragging about huge margins that are only going to get bigger, because many of them are planning additional price hikes while blaming “inflation” for the price hikes. Increasing wages definitely would increase inflation, at least in the short term, but nothing like the levels we are seeing due to corporate greed.
Honestly, this predatory behavior is something I’ve seen from corporate America my whole life. I’m constantly surprised when people are surprised by it. The relationship between minimum wage increases and inflation is complex and not always direct. It’s true that raising the We wear blue for autism awareness love hand sign shirt and I will buy this minimum wage can contribute to inflation to some extent. It’s not the only factor at play. There are several other reasons why prices may be going up even without a minimum wage increase. Disruptions in the global supply chain, such as those caused by the COVID-19 pandemic, can lead to shortages of goods and materials, driving up prices due to increased demand and limited supply. Factors such as rising energy costs, transportation expenses, and raw material prices can all contribute to higher production costs for businesses. These increased costs are often passed on to consumers in the form of higher prices. In competitive markets, businesses may raise prices in response to increased demand or to maintain profit margins in the face of rising costs, regardless of changes in the minimum wage. If the value of the currency decreases relative to other currencies, imported goods become more expensive, leading to higher prices for consumers. Changes in government policies, regulations, or taxes can also impact prices. For example, increases in tariffs or taxes on certain goods can lead to higher prices for consumers.
Hardly anyone makes minimum wage. If you’re making only mini.um wage, and you aren’t a teenager, a convicted felon, or an illegal immigrant, then you’re going have to start making better choices. Inflation happens because when people i meet and countries start doing well, the We wear blue for autism awareness love hand sign shirt and I will buy this standard of life increases. Everyone wants more money to buy. Fancy shit. eventually driving out local manufacturing. look at what happens to the states. They used to be a manufacturing power house. but as those people and companies Got more successful, they start to increase their standard of living. Driving up the cost of everything. It’s happening to China right now. Harder and harder to get people to work for Pennie’s so now manufacturing is getting more expensive so companies are now moving to Mexico, Vietnam etc etc. the cycle continues
Inflation is caused by an oversupply of money. Also, depending where you live, who is making minimum wage? Not many. Everyone I know, and this includes hourly folks who did not go to college, have gotten huge raises over the We wear blue for autism awareness love hand sign shirt and I will buy this last few years. Because the treasury keeps printing money to pay for various government programs and bills. The more money you saturate into the economy the less the existing dollars are worth, which manifests itself as an increase in prices. Inflation is caused by mid-pandemic gouging when companies realized they could use a global emergency to ramp up profit margins. It’s called profiteering, and while illegal, companies get away with it when the laws around it aren’t enforced.
When a few companies increase profits, other companies feel they can also increase margins. It increases costs to smaller companies that rely on these resources, and in the We wear blue for autism awareness love hand sign shirt and I will buy this end turns into an avalanche. It has nothing to do with Minimum Wage. Look at Costco. They have very low prices but alo pay their people very well. Companies can have higher wages while decreasing other (MANAGERIAL) costs to compensate. First of all, inflation is not going up the same rate as it was in 2022 when this question was relevant. Inflation in 2022 was 7%, and now it’s 3%. It was about 3% in 2023 as well. Typically, inflation is demand push, meaning that higher demand due to higher wages causes prices to go up. Too many dollars chasing too few goods.
In 2022, it was supply chain issues caused by the We wear blue for autism awareness love hand sign shirt and I will buy this Pandemic. This is cost push inflation, when inputs to production are rising. This happened throughout the 1970s due to high oil prices. Traditional measures against inflation don’t work as well because they are designed to suppress demand, not address supply problems. In the US at least, most of those supply issues are over. The Fed raised interest rates, but the Biden administration issued stimulus at the same time, which kept demand high while inflation was going down, avoiding a recession. So now we have the sweet spot of low inflation and low unemployment with a booming stock market. The Fed is even toying with the idea of lowering interest rates despite the low unemployment.
Wages have increased since the We wear blue for autism awareness love hand sign shirt and I will buy this pandemic on average. many things cause inflation but there has been noticeable wage increase among the lowest earners. People reacting to their deliveroo dino nuggies becoming more expensive in such a vitriolic manner does make the “dont raise minimum wage” case quite well Increase in the amount of money is a big one; despite ever increasing inflation, banks are still pumping out new currency, making all the existing stuff less valuable. Another cause is demand exceeding production capacity; we aren’t making enough stuff for everyone, so stores are raising prices to lower the amount of people who actually come to buy; it makes business run smoother.
If production costs rise, prices are obviously gonna rise. This is where people often blame minimum wage increases, ignoring the We wear blue for autism awareness love hand sign shirt and I will buy this fact that Inflation can even be pushed by expectations; when people even think prices will go up (they don’t even need to), workers of all kinds will preemptively ask for more pay, and businesses will preemptively raise prices, which increases the costs of goods, which just makes an inflation snowball of production cost increases, and it’s a mess. Because it’s not the only cause. The most prevalent cause is government increasing the money supply faster than the accompanying supply of goods and services. People either extra money usually spend it. And without the additional goods and services to spend it on, they bid up the prices. And Voila! Prices go up and we have inflation. Minimum wage isn’t the only thing that causes inflation, competition for workers also raises wages, and the inflation recently probably signifies that the minimum wage really no longer has any effect, as the minimum people will actually accept is probably higher than the minimum. The thing people neglect is that inflation, while shocking only hurts long term savings and retirees. Old, inefficient business practices will go away, leading to further growth.
Historicaly every time an event that majorly disrupts employment happens (war and plagues mostly) general wages go up without government intervention. Mandated minimum wages have not gone up but the We wear blue for autism awareness love hand sign shirt and I will buy this average low wages have by a good bit. So it has Ignoring whatever about wages causing it; are you genuinely not aware that many factors can cause inflation not just one? Or just fishing? Because corporations can just charge whatever they want since there’s no competition anymore and no government regulation so they can just price gouge the poor and blame COVID or whatever President they want and nobody can stop them The biggest single factor right now is price gauging, especially when it comes to essential goods that people don’t have a choice on. Yes, I’m referring to food.
Not an economist, but inflation is caused when demand exceeds the We wear blue for autism awareness love hand sign shirt and I will buy this economy’s ability to supply that demand. The argument that minimum wage increase “causes inflation” is not correct. Putting more money in people’s pockets could cause demand on goods to increase, but it would not cause inflation unless that demand exceeded the economy’s ability to supply those goods. If eating 3 birthday cakes every day makes you fat, then why are you getting fat even though you haven’t eaten 3 birthday cakes every day? Same concept. Now let me be clear, I love capitalism. It allows some little guy or gal to have an idea… A thing. And become a smash success, become rich! That’s fucking great. There is, however, forms of capitalism that are bad as fuck for everyone. Vulture Capitalism being right up there. Business decides to close US production and move that toa cheaper country with less rules and regs. Now they save millions to billions and the upper level gets bookoo bonuses. Side effect: Now a bunch of people are laid off. These people have to be selective with how to spend their cash and find work in a dwindling market that more and more downsizes to use automation. Result: Less money spent on goods. Profits down. Employees let go to save on cost and overhead. Products made cheaper and materials substituted for cheaper ones. Goods are now shitty and people decline to buy. More are laid off. Problem is not addressed. Cost of goods increases to recoup loss. Cash paid to Government local and federal to keep people off corporate backs while the cycle continues.
People now can’t afford current living status due to inflated prices. Demand and acquire government enforced min salary increase. Company now to save more money fires more people, pushes harder into automation and AI. Cycle continues. Costs increase, wages increase, inflation continues until economic collapse. Solution? Less Automation, more local workers, lower prices. Company takes a slower profit increase and ensures workers, workers ensure more money for taxes, goods, services, enriching local area due to surplus of financial boom. Better quality, lower cost ensures customers go to said item and buy it over other more expensive products. Everyone does better as a result. Again, this is not what we do. We keep removing labor jobs. Who needs truckers? Get robots to drive! Who need’s factories making products making sure people can afford homes? Put that someplace else and use cheap labor or machines! Fewer jobs, more dependence on a government that can’t control or understand how to spend its own bloated budget wisely. Because everything will always get more expensive. Acting like raising our pay is some huge burden that will somehow backfire is an excuse to keep wages low while profits get ever bigger all the We wear blue for autism awareness love hand sign shirt and I will buy this time. Minimum wage raises benefit everyone, even the businesses that have to pay it because more people have more to spend.

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