• Cryophilia@lemmy.world
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      4 months ago

      Prices will never go down. If they do, we’re in big trouble.

      What needs to happen is wage growth out pacing price inflation. Which is a tricky thing to do.

    • sunzu@kbin.run
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      4 months ago

      Food inflation was only “1%”

      Aka prices still went up lol

      Rent seeker never lowers the rent… Because that would cut profit margin and we can’t really boycott bread lol

      • Telodzrum@lemmy.world
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        4 months ago

        1% (annualized) inflation on food is on the low end of good. It would still be a good number up to around 3%.

        • sunzu@kbin.run
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          4 months ago

          only of you are larping “economist” bullshit that they push for their rent seeking owners.

          prices should vary based on inputs however we live under the regime where they are set up to go up at a higher rate than the wages.

          amazing how prices rarely go down even if inputs costs did like recently. money changer is always in middle to capture any of that efficiency

            • bobalot@lemmy.worldOP
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              4 months ago

              Love that people on Lemmy are as economically illiterate as those on /r/economics.

                • hark@lemmy.world
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                  4 months ago

                  You parrot tired talking points by economists whose job is to run PR for the rich and then when challenged on it you say the also tired “not how this works” line. Go ahead and explain how it works then. Tell us all how consumers having more money to spend on more products and services is bad, but more money going into fewer hands is great for the economy.

    • hark@lemmy.world
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      4 months ago

      No, because then the GDP would go down since the bread that is produced is less “valuable”.

  • orcrist@lemm.ee
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    4 months ago

    Remember folks, “the economy” means “rich people’s yachts”.

  • TheDemonBuer@lemmy.world
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    4 months ago

    That’s good news. I mean, it’s better news for some than others. A good economy does seem to benefit some much, much more than others, so it’s especially good news for those who benefit the most. For most of the rest of us, it’s fine news. Like, that’s nice, I guess.