News for hackers. Stuff that matters.

A comment on Jonathan Haidt blames teenage depression, anxiety on smartphones, social media. Parent comment

Re:Jonathan Haidt blames teenage depression, anxiety on smar... by verteu on Sunday April 21, 2024 @11:24AM (#40106463)
"When workers get pay increases, they think it's their own work; when they see inflation, they think that's bad policy" - Dean Baker

I think both wages & prices around the time of covid, and it's easy to manufacture dissent over this (due to the above quote).

[ Parent | on HN ]
Re:Jonathan Haidt blames teenage depression, anxiety on smar... by unclebucknasty on Sunday April 21, 2024 @01:39PM (#40107569)
I'm not referring to policy as much as actual economic activity and firm behavior, including pricing.

It's true that prices and wages increased through COVID, but I don't believe the full explanation is quite so neat. For instance, this article lays out some additional details.[0]

Essentially, commodity pricing and other production inputs have stabilized, however, companies are charging their customers higher prices and enhancing their margins.

This is yielding record corporate profits and helping to fuel the bull market while consumers end up eating the resulting inflation. Yet, there's relatively little discussion about it when the issue of inflation is raised.

[0] https://archive.is/ZTkw3

[ Parent | on HN ]