News for hackers. Stuff that matters.

A comment on Strikes spread as French unions intensify pension reform fight. Parent comment

Re:Strikes spread as French unions intensify pension reform ... by gruez on Tuesday March 07, 2023 @11:17PM (#35065193)
>The price of goods and services has decoupled from the cost for a while now, and prices are rising at a staggering rate without salary increases.

Almost as if there's multiple supply chain disruptions (from pandemic to ukraine) causing goods to be more scarce, causing consumers to bid up the prices for the goods that remain.

[ Parent | on HN ]
Re:Strikes spread as French unions intensify pension reform ... by moritz on Wednesday March 08, 2023 @09:18AM (#35069208)
yeah, that’s not why this is happening

> the US COVID-19 inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.

https://scholarworks.umass.edu/econ_workingpaper/343/

[ Parent | on HN ]
Re:Strikes spread as French unions intensify pension reform ... by j-krieger on Thursday March 09, 2023 @03:27PM (#35086205)
No. This has been the stated reason, but profits are at a record level. Inflation may be the reason for an initial rising of prices, but they do not return to old levels when costs go back down.
[ Parent | on HN ]