LogFAQs > #960836643

LordoftheMorons posted...

Inflation is legitimately very high; iirc something like 6 or 7% for the past year, which is enough that real incomes have fallen even with very high nominal wage growth. Dems would be very dumb to handwave it away rather than trying to address it (the main problem afaik is actually that consumer demand for goods has skyrocketed and production, while also up, has not been able to keep up).

I mean it isnt rocket science. There has been a huge push to increase wages (both via Democrat policy and natural happenstance of the pandemic) of the lowest skilled worker that was enabling people to buy their 99 cent chicken sandwiches.

Do you ever think about how insanely cheap some of this stuff is given how far it has to travel and how much goes into it? Walmart had 50 cent lunchables. I have no idea how that is possible unless every person that touches that process is making pennies.

So when that labor gets more expensive its pretty obvious what happens, prices go up, and if all the prices go up at the same time there isnt a way to substitute out of it so the consumer pays the full price increase.

Biden basically taxed the middle class to pay the poor and now is shocked the middle class is revolting.