Poll of the Day > Why is inflation so bad right now?

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BigOlePappy
03/07/23 12:08:50 PM
#1:


Tacos are expensive today.

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DirtBasedSoap
03/07/23 12:13:24 PM
#2:


Biden

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Lokarin
03/07/23 12:15:54 PM
#3:


Switzerland is the only nation not experiencing inflation...

What do they know?

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Far-Queue
03/07/23 12:22:58 PM
#4:


DirtBasedSoap posted...
Biden
https://gamefaqs.gamespot.com/a/user_image/5/7/1/AAZslrAAEQHL.jpg

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JOExHIGASHI
03/07/23 12:41:43 PM
#5:


Businesses raising prices

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BlackScythe0
03/07/23 12:43:29 PM
#6:


Rich people taking profits from 500% to 1000%.
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J_Dawg983
03/07/23 12:46:43 PM
#7:


Didnt it really take off when fuel prices like doubled?

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Jen0125
03/07/23 1:05:17 PM
#8:


Corporate greed
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wolfy42
03/07/23 1:08:01 PM
#9:


Lokarin posted...
Switzerland is the only nation not experiencing inflation...

What do they know?

I hear they put holes in everything so it can't inflate.

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Far-Queue
03/07/23 1:23:37 PM
#10:


wolfy42 posted...
I hear they put holes in everything so it can't inflate.
lmao

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BigOlePappy
03/07/23 1:30:06 PM
#11:


wolfy42 posted...
I hear they put holes in everything so it can't inflate.
https://gamefaqs.gamespot.com/a/user_image/6/1/4/AALnFuAAEQH2.jpg

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Muscles
03/07/23 1:55:17 PM
#12:


The fed printing a bunch of money and businesses price gouging

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keyblader1985
03/07/23 2:00:07 PM
#13:


BlackScythe0 posted...
Rich people taking profits from 500% to 1000%.

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BUMPED2002
03/07/23 2:13:57 PM
#14:


BigOlePappy posted...
Tacos are expensive today.

Truth be told, I think it's due to price gouging. During the pandemic there were shortages and so price hikes were to be expected but that is not the case now so they're just jacking up prices because they can and because no one is paying attention.


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adjl
03/07/23 2:22:24 PM
#15:


J_Dawg983 posted...
Didnt it really take off when fuel prices like doubled?

That's been a major component of it. Being more expensive to transport stuff has downstream effects on the price of everything. That, in turn, was entirely a matter of oil companies deciding to jack up their prices using the war in Ukraine and sanctions against Russia as an excuse (which had some effect on oil prices, but nothing that remotely justifies the full price increase).

Beyond that, though, so many companies are reporting record profits, then turning around and saying that they "need to increase prices because of inflation." People expect price increases, so companies can get away with increasing prices, so companies increase their prices while pretending there's nothing they can do.

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papercup
03/07/23 2:22:42 PM
#16:


Businesses are just price gouging cus they can.

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famfam
03/07/23 2:43:54 PM
#17:


papercup posted...
Businesses are just price gouging cus they can.

a lot of it is this
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streamofthesky
03/07/23 2:55:15 PM
#18:


adjl posted...
That's been a major component of it. Being more expensive to transport stuff has downstream effects on the price of everything. That, in turn, was entirely a matter of oil companies deciding to jack up their prices using the war in Ukraine and sanctions against Russia as an excuse (which had some effect on oil prices, but nothing that remotely justifies the full price increase).

Beyond that, though, so many companies are reporting record profits, then turning around and saying that they "need to increase prices because of inflation." People expect price increases, so companies can get away with increasing prices, so companies increase their prices while pretending there's nothing they can do.

In a competitive market, someone would lower their prices a bit b/c they could do so and still make plenty of profit, drawing more sales. Which in turn would start a chain reaction of companies lowering prices to stay competitive.
But thanks to 40 years of mergers and acquisitions that have almost always been allowed, we now have giant corporate conglomerates and oligopolies that control each sector and freely collude with each other.
We need some damn trust busting, but Biden won't do it and Republicans are the ones that engineered this mess.
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captpackrat
03/07/23 5:32:49 PM
#19:


https://gamefaqs.gamespot.com/a/user_image/7/9/5/AAQwHjAAEQKr.jpg

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#20
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SKARDAVNELNATE
03/07/23 7:09:43 PM
#21:


Government halts production of goods.
Government prints money.
Government gives money to people.
People want to use money to buy goods.
There are not enough goods so people keep offering more money for them.

Companies want to produce goods.
People have gotten lazy.
People don't want to work to produce goods.
People want government to keep giving them money.
Companies offer more money for work.
More money paid for work means good are more expensive to produce.
Goods being more expensive to produce makes them more expensive to buy.
Money paid for work is no longer sufficient to buy goods.
People don't want to work to produce goods.
Companies offer more money for work.
The cycle continues...


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BlackScythe0
03/07/23 7:14:00 PM
#22:


Skard shit posting and blaming people getting a better wage for everything like that could possibly be the reason.
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Marcster1994
03/07/23 7:32:51 PM
#23:


The moment things even started to go back to "normal" companies frothed at the mouth to drive up prices to compensate. When inflation is at an all time high, but so are profits, something is absolutely fucky.

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adjl
03/07/23 7:39:21 PM
#24:


SKARDAVNELNATE posted...
Government halts production of goods.
Government prints money.
Government gives money to people.
People want to use money to buy goods.
There are not enough goods so people keep offering more money for them.

Companies want to produce goods.
People have gotten lazy.
People don't want to work to produce goods.
People want government to keep giving them money.
Companies offer more money for work.
More money paid for work means good are more expensive to produce.
Goods being more expensive to produce makes them more expensive to buy.
Money paid for work is no longer sufficient to buy goods.
People don't want to work to produce goods.
Companies offer more money for work.
The cycle continues...

And here we have a demonstration of exactly why companies can get away with price increases: Because people actually believe this tripe.

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ReturnOfFa
03/07/23 7:52:03 PM
#25:


https://gamefaqs.gamespot.com/a/user_image/9/1/9/AAUdByAAEQMn.jpg

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shadowsword87
03/07/23 8:27:23 PM
#26:


SKARDAVNELNATE posted...
People have gotten lazy.
People don't want to work to produce goods.
People want government to keep giving them money.
Companies offer more money for work.
More money paid for work means good are more expensive to produce.
Goods being more expensive to produce makes them more expensive to buy.
Money paid for work is no longer sufficient to buy goods.
People don't want to work to produce goods.
Companies offer more money for work.
The cycle continues...

Howdy.
I build car parts.
I am also a manufacturing support engineer on the floor every day. I also deal with management, corporate and factory level.
We have not slowed production in any significant way in the past year.
We also do not have any issues getting new workers after giving a bump of $1 minimum pay.
Neither has Ford, Stellantis, GM, Tesla, nor any other car manufacturer slowed down.

There are plenty of issues happening, including drop in replacements and some supply issues. But, we're looking at 95% production at minimum in the past year.

Where's your proof?

I can also say we don't build random parts for random cars. In this factory, it's tail lights for everything from the Stellantis Jeep, to the Ford Mazda, to the Ford F150, to the Ford Explorer, to plenty more. One of our sister factory produces the Tesla tail light, and there are plenty more factories producing tail lights owned by the corporate side.
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SKARDAVNELNATE
03/07/23 8:32:02 PM
#27:


adjl posted...
Because people actually believe this tripe.
According to Zangulus companies are showing exactly the same amount of increased profit.
According to the graph ReturnOfFa posted company profits spiked in the 2000s but has smaller fluctuations around the same level in the 2010s.
So if that is remaining relatively the same then something else must responsible for the differences.
Why am I the one shit posting when what I said is consistent with other posts?


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shadowsword87
03/07/23 8:43:10 PM
#28:


They're not claiming manufacturing is down, or that people "just don't want to work anymore :(".

Companies are learning they can price gouge, and the recourse people have, is to die otherwise.
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DirtBasedSoap
03/07/23 8:43:13 PM
#29:


SKARDAVNELNATE posted...
According to Zangulus companies are showing exactly the same amount of increased profit.
According to the graph ReturnOfFa posted company profits spiked in the 2000s but has smaller fluctuations around the same level in the 2010s.
So if that is remaining relatively the same then something else must responsible for the differences.
Why am I the one shit posting when what I said is consistent with other posts?

learn how to read statistics and graphs lmao

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DirtBasedSoap
03/07/23 8:47:19 PM
#30:


Muscles posted...
The fed printing a bunch of money and businesses price gouging
muscles please stop pretending you understand anything. thanks.

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VampireCoyote
03/07/23 8:48:06 PM
#31:


Jen0125 posted...
Corporate greed


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shadowsword87
03/07/23 8:48:30 PM
#32:


Also, US unemployment percentage is lower than it has been since World War 2.
Basically everyone who wants a job, has a job.

We are in a labor market, and businesses are scared by that.
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DirtBasedSoap
03/07/23 8:51:40 PM
#33:


guys its obviously biden and lazy people who dont want to work anymore. Ive read the charts, Ive read the graphs. its true.

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ReturnOfFa
03/07/23 8:53:12 PM
#34:


SKARDAVNELNATE posted...
According to Zangulus companies are showing exactly the same amount of increased profit.
According to the graph ReturnOfFa posted company profits spiked in the 2000s but has smaller fluctuations around the same level in the 2010s.
So if that is remaining relatively the same then something else must responsible for the differences.
Why am I the one shit posting when what I said is consistent with other posts?
That isn't what Zang said whatsoever.

As for what I posted, it aligns with what Zangulus posted. Corporate profit has continued to climb while employee pay has remained stagnant.

You're shitposting because each sentence in your diatribe can be construed as true or false dependent on the complexity of those things. Many of them lean more false as shadowsword87 explained on one of those points.

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#35
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BlackScythe0
03/07/23 9:15:42 PM
#36:


Lets be honest you knew why it was a shit post.

SKARDAVNELNATE posted...
Government halts production of goods.
Government prints money.
Government gives money to people.
People want to use money to buy goods.
There are not enough goods so people keep offering more money for them.

If your timeline was accurate then why did it take 2 years after all the goods shortages for the inflation to start? When stores were out of almost everything prices were stable, it wasn't until things were normal again that this began.
SKARDAVNELNATE posted...
Companies want to produce goods.
People have gotten lazy.

Ok stop, conservatives are constantly demonizing groups of people and blaming all our problems on the "other lazy person" stop it. This is a lie and you know it.

SKARDAVNELNATE posted...
People don't want to work to produce goods.
People want government to keep giving them money.
Companies offer more money for work.
More money paid for work means good are more expensive to produce.
Goods being more expensive to produce makes them more expensive to buy.
lie lie lie
Money paid for work is no longer sufficient to buy goods.
Honestly making double what I made before covid still has me in a good spot, but prices didn't go up because people are making more.
People don't want to work to produce goods.
You already lied about this
Companies offer more money for work.
The cycle continues...

You're just demonizing people and demanding they work lower than poverty conditions because you think you're better than them. We have plenty of resources available, costs aren't going up because of demand for those resources.
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ReturnOfFa
03/07/23 10:12:32 PM
#37:


yeah the 'people don't work hard enough' position is infantile if you've actually worked a day in your life

been part of numerous companies where everyone is BUSTING THEIR ASSES to do great work for customers. guess who gets the rewards? not the people doing the work. guess which direction companies continue to head in? that direction. the people with money, whether through luck or (usually) inherited wealth continue to entrench themselves in their positions of wealth through influence of policy.

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SKARDAVNELNATE
03/07/23 10:49:27 PM
#38:


ReturnOfFa posted...
That isn't what Zang said whatsoever.
I copied and pasted what Zang said. Those are Zang's exact words.

BlackScythe0 posted...
If your timeline was accurate then why did it take 2 years after all the goods shortages for the inflation to start? When stores were out of almost everything prices were stable, it wasn't until things were normal again that this began.
There's no point is raising the price on something you don't have to sell. Things returning to normal means there was a new supply. Meanwhile demand never went away.

BlackScythe0 posted...
conservatives are constantly demonizing groups of people
Did I say anything about a group of people? I clearly mentioned people in a general sense.

BlackScythe0 posted...
You're just demonizing people and demanding they work lower than poverty conditions
No, I'm saying the poverty level is high because of this runaway process.

ReturnOfFa posted...
guess which direction companies continue to head in? that direction. the people with money, whether through luck or (usually) inherited wealth continue to entrench themselves in their positions of wealth through influence of policy.
Yes, and since they continue to do that they need to persuade people to keep working for them. When people need more persuasion that's got to come out of somewhere. Since it won't come out of their profits it will come out of the consumer.

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ReturnOfFa
03/07/23 11:10:18 PM
#39:


SKARDAVNELNATE posted...
I copied and pasted what Zang said. Those are Zang's exact words.
https://gamefaqs.gamespot.com/a/user_image/1/0/4/AAUdByAAEQPg.jpg
cntrl+f nuance 1/1

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ReturnOfFa
03/07/23 11:12:13 PM
#40:


SKARDAVNELNATE posted...
Did I say anything about a group of people? I clearly mentioned people in a general sense.

What can you point to that indicates that people are generally working less hard than they previously did? BlackSythe0 isn't going to like that response...now you're just generally blaming literally everyone XD

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ReturnOfFa
03/07/23 11:14:20 PM
#41:


tbf working hours have declined sinse the onset of the industrial revolution. it's not like they've tanked though, and if we're literally not getting compensated fairly for our work - that's obviously the main issue. people despairing and performing poorly is simply a symptom of that.

would going back to the 1870s standards of working 60-70 hours a week suddenly benefit society for the better? why ask? there are examples of this elsewhere. has it magically created a just society where that hard worker is properly compensated and the CEO is paid a generous but sane salary? NOPE!!!!!!!!!

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BlackScythe0
03/07/23 11:16:20 PM
#42:


ReturnOfFa posted...
What can you point to that indicates that people are generally working less hard than they previously did? BlackSythe0 isn't going to like that response...now you're just generally blaming literally everyone XD

*Shrug* it's more or less expected. Like anyone sees him saying people aren't working because they're lazy and it somehow means everyone is lazy like everyone isn't working.
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keyblader1985
03/07/23 11:31:47 PM
#43:


It's been too long since I've seen some of the dumbest fucking takes ever took. Between this and the MTG topic, I'm set for a good while.

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SKARDAVNELNATE
03/07/23 11:39:16 PM
#44:


ReturnOfFa posted...
What can you point to that indicates that people are generally working less hard than they previously did?
Well, there's something called Quiet Quitting which according to Gallup "at least 50% of the U.S. workforce are quiet quitters."

However that's not what I'm talking about. I'm talking about less people working. The minimum wage is $14.20, I think. Yet places that are typically minimum wage jobs are offering $20-$25 just because they can't get people to apply.

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keyblader1985
03/07/23 11:48:09 PM
#45:


SKARDAVNELNATE posted...
Well, there's something called Quiet Quitting
https://i.imgur.com/14CBQXD.gif

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#46
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BlackScythe0
03/08/23 12:28:21 AM
#47:


SKARDAVNELNATE posted...
Well, there's something called Quiet Quitting which according to Gallup "at least 50% of the U.S. workforce are quiet quitters."

However that's not what I'm talking about. I'm talking about less people working. The minimum wage is $14.20, I think. Yet places that are typically minimum wage jobs are offering $20-$25 just because they can't get people to apply.

That term seems to be... uh weird. It seems torn between people butt hurt people don't answer an email on their day off and giving tips on how to provide a better work environment. I'm not sure I understand what the term is or what you're trying to convey with it here.

Minimum wage here is 8.75 and places are trying to hire at 11-13. And what of it? If they can get away with it most people are tired of settling for being treated like shit for "the customer is always right" which really just means "make an ass out of yourself until they give you want to want for no reason".
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SKARDAVNELNATE
03/08/23 12:44:30 AM
#48:


BlackScythe0 posted...
I'm not sure I understand what the term is or what you're trying to convey with it here.
I'm really not trying to convey anything. It refers to people putting in the minimal effort for their job. It answers the question that ReturnOfFa asked and that's it. The question that ReturnOfFa asked isn't what I was talking about.

BlackScythe0 posted...
And what of it?
It's an example of people not going back to work once the economy opened up. Companies have to offer more money for people to fill those jobs. That has to be balanced out somehow and it's not going to be by decreasing their profit.

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Ozmose
03/08/23 12:47:58 AM
#49:


shadowsword87 posted...
Also, US unemployment percentage is lower than it has been since World War 2.
Basically everyone who wants a job, has a job.

We are in a labor market, and businesses are scared by that.
The numbers aren't quite as they seem considering they're counting all of the people returning to work after COVID. The fact that 60%+ of the available jobs are low paying service industry jobs doesn't help. Not surprising unemployment is low when a ton of people need to work two jobs just to make ends meet.

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Metalsonic66
03/08/23 12:48:03 AM
#50:


Corporate Greed

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