We shouldn’t push a positive mindset on those in poverty

Re:We shouldn’t push a positive mindset on those in poverty by tsimionescu on Saturday February 19, 2022 @11:44AM (#30398409)

The current rise of inflation is unlikely to be caused by the meager 2k checks that people got during the pandemic. It is much more likely to be a product of the supply chain crisis, which in turn was caused to a great extent by the known failure mode of just-in-time inventory management.

Also, the massive death toll of the pandemic, combined with singinificant behavior changes caused by fear of the same death toll, have left many industries reeling and redistributed wealth allocations in many people's budgets (away from dining out and tourism and into other places like gaming or real-estate), which had hard to measure outcomes.

Not to mention, prices for most goods are currently controlled by a handful of companies like Amazon and Walmart, who are in a perfect position to silently collaborate on increasing prices instead of taking a hit on profits like they would normally be forced to if they were in tight competition.

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Re:We shouldn’t push a positive mindset on those in poverty by briHass on Saturday February 19, 2022 @01:41PM (#30399363)

It was more than 2K. States tapped into the Pandemic Unemployment Assistance program, which added up to 600/week to existing unemployment rates, as long as your job loss was 'covid related'. In PA, for example, many were receiving over $1000/week. While that certainly doesn't make you rich, it's a strong incentive to not seek out other employment if your regular job only pays around that amount or less.

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