Wave of US labor unrest could see tens of thousands on strike within weeks

Re:Wave of US labor unrest could see tens of thousands on st... by WalterBright on Saturday October 02, 2021 @12:38AM (#28726004)

> inflation / stagflation weren't the natural result of everyone trying to get ahead and increasing just their own wage.

Inflation / stagflation are the result of supply&demand forces just like everything else in an economy. Inflation happens when the supply of money increases faster than the value it represents.

Guess what has been happening with the supply of money when the government prints trillions of dollars to rain down on the economy. All that cash sloshing around just devalues the dollar, and hence prices rise.

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Re:Wave of US labor unrest could see tens of thousands on st... by willis936 on Saturday October 02, 2021 @12:39AM (#28726007)

A $2000 check is why everything costs 20% more forever?

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Re:Wave of US labor unrest could see tens of thousands on st... by lotsofpulp on Saturday October 02, 2021 @12:44AM (#28726022)

I think it is possible that to be running so close to boundary conditions that a sudden shock to the system can catalyze outsize changes. Not necessarily $2k, but a confluence of factors, especially if they have knock on effects that compound.

Labor in the US has been losing ground for decades, I always wondered how long the situation was tenable.

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Re:Wave of US labor unrest could see tens of thousands on st... by WalterBright on Saturday October 02, 2021 @12:49AM (#28726038)

There's a lot more than that flooding in.

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Re:Wave of US labor unrest could see tens of thousands on st... by Guthur on Saturday October 02, 2021 @12:44AM (#28726023)

How many checks and how much low interest debt, how many tax breaks and increased social care spending? All of it feeds in.

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