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
[ Parent
| on HN ]
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?