Re:Worker pay isn’t keeping up with inflation
by pjc50 on Friday December 17, 2021 @05:03AM
(#29590123)
> Where are the people who can’t afford buying things?
The already-marginalized? "The Trussell Trust reported a 33 per cent increase in the number of three-day emergency food parcels in 2020-21 compared to 2019-20,"
https://commonslibrary.parliament.uk/research-briefings/cbp-...
> There should be a diminution of 10% global consumption, where is it?
Hospitality and travel.
Re:Worker pay isn’t keeping up with inflation
by adflux on Friday December 17, 2021 @02:27AM
(#29589011)
Global consumption expressed in...? That currency which inflated
Re:Worker pay isn’t keeping up with inflation
by lrem on Friday December 17, 2021 @04:08AM
(#29589702)
No. Ignore currencies, which are just our best approximation of a reasonable measure of wealth. The problem is that over the course of pandemic the world has produced less actual wealth. Unless we somehow reduced waste, we should now be able _on average_ to afford less.
Re:Worker pay isn’t keeping up with inflation
by laurent92 on Friday December 17, 2021 @04:04AM
(#29589673)
Expressed in goods. The role of an economic system, communist capitalist or any other, is to organize the delivery of goods. We’ve produced 10% fewer goods in 2020, someone must deprive themselves.
The inflated currency doesn’t matter, who’s the people who are depriving themselves while I’ve made a fortune and bought a house? I see we’re a whole lot who won the jackpot with Covid, who are the losers and why aren’t they already revolting?
- Available products in the world,
- Number of people who can afford them.
With Covid, we didn’t produce for 2 months in 2020 and we’ve produced slower in 2021. And all governments distributed free money. So, in theory there is clearly not enough goods produced for everyone in the world. Prices should rise dynamically until 10% fewer people can afford them than in 2019.
Where are the people who can’t afford buying things? There should be a diminution of 10% global consumption, where is it? Where are the people whose company won’t be able to match inflation, even if they unionize?