The beatings will continue until morale improves
The beatings will continue until morale improves
Next up: How combining shrinkflation with inflation empowers customers.
Pay increases for CEOs and shareholders should stop entirely until inflation is at the very least under control. As if the 1% getting less of a cut is going to affect inflation as much as the 99% of profits does.
Or whatever the actual percentages are. Don’t come at me with “uh it’s actually 23% vs 77%” bullshit because the point still stands.
If the French Revolution taught us anything, nothing changes until heads roll. And even then it’s inevitable it will happen again, and again.
Disagree with the last part. We just lost that one.
This far the inflation has been driven by rising corporate profits and energy costs. Now that the stagnant wages start to react, it's time to...
Capitalism has run its course
the means of production aint gonna seize themselves
Also the children of the wealthy, to be passed to every religious functionary we can find.
Hold up buddy. Those rich folks just want, "a little more", and there's still lots of willing turnips to squeezed.
Under what fucking maths?
Look, a lot of things just weren't gonna improve til the revolution.
We can pretend and prevaricate, but you can't negotiate with monsters who don't think youre human and let people die in the street for profit. Really the IMF are just being left acceleration lists here.
What I'm reading from this headline is that any fresh glorious red terror will have UN approval and IMF support, so the libs should get on board or they're bad liberals.
If the current situation was not due to the rich hoarding resources but localized within a country that is mostly self sufficient, and the government was working towards redistribution of wealth, it could, assuming a benevolent government and empathy. Those steps could help prevent something like the Argentinian situation a couple of decades ago, where people would joke that they had to pick their salary with a wheelbarrow, due to the inflation being so high, they were paid millions, but those millions would not be enough to buy the bare necessities.
This is not the case globally, for the record.
Good old Axel Springer.
Oh, Politico is Axel Springer. Everyone should stay aways from it then. Axel Springer is probably the worst media company in Europe.
Why are they the worst? I know absolutely nothing about them
Edit: oh, the wiki told me they're the ones who own eg. Bild and Die Welt. Especially Bild is a steaming pile of shit, so I'm not surprised at all at someone calling them the worst
I guess it's all about that ratio of cost of living vs wage. Whether you get a wage increase to have more money for the same stuff or wage stays the same but cost of living goes down, I guess if everything else stayed the same it wouldn't matter which one happened. But of course it's not that simple.
Fuck Spacer’s Choice.
What the fuck Politico.
Surely they mean pay raises for C-suite, right? R-right?
Well, the observation that prices will go up when salaries go up is not wrong; that that’s a problem is also not wrong. But this? Ugh.
Edit: dear downvoters: the “ugh” is about the article, I don’t think the gist of it is “good”.
prices will go up when salaries go up
Not necessarily, though. Sometimes salaries go up and prices go up. Sometimes salaries are stagnant and prices go up. Sometimes salaries go down and prices go up.
Prices go up no matter what because corporations are never satisfied with obscene profits. Their shareholders demand MORE obscene profits every quarter, everything else be damned.
Also, prices have to go up as long as interest rates are not declared illegal.
Personally I am very much in favour of declaring interests illegal.
Of course, you’re right. I guess what I’m trying to say is that if there is going to be a predictable rise in people’s money, prices will increase extra. If no other measures are taken, people will have no change in how much they can buy, and prices will probably go up months earlier than incomes too.
that prices will go up when salaries go up is not wrong
Rising wages can increase prices, but don't necessarily have to.
Also other factors can increase prices while wages stagnate.
Recent price increases e.g. have mostly been driven by supply and logistics issues, mostly for food and energy.that that’s a problem is also not wrong
That is not entirely correct either.
If wages rise through the board, then rising prices are not a big issue.
On the contrary, wage driven inflation might even re-balance income distribution to the benefit of workers.
