Thing is that low prices in tech is the only thing thats been damping down inflation throughout this millenia and before. Combine this with the war on low energy prices and its quite the time bomb.
There’s a lot of tomfuckery going on with the baskets too. Oh we have 11% inflation but take out fuel and groceries and hey look everyone it’s only 3%!! Yay us we beat inflation!!!
What also makes me absolutely laugh until I cry, is they focus everyone on annual inflation, and conveniently try to make everyone forget the situation. Five year inflation remains to be something absolutely hysterical, it’s something like 24 or 25% I beleive.
yeah and its been pretty steady combined with wage loss. I have seen trumpery with that to in that they will say wages went up by some small amount and from my experience they have been going down at the pleb level. I think its all at high levels if anything. One problem with so much inflation in such a short span is even if wages were trying to keep up it would be hard to with them slipping its much worse. Plus minimum wage ans such is so behind. The fight for 15 was over a decade a go.
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Thing is that low prices in tech is the only thing thats been damping down inflation throughout this millenia and before. Combine this with the war on low energy prices and its quite the time bomb.
There’s a lot of tomfuckery going on with the baskets too. Oh we have 11% inflation but take out fuel and groceries and hey look everyone it’s only 3%!! Yay us we beat inflation!!!
What also makes me absolutely laugh until I cry, is they focus everyone on annual inflation, and conveniently try to make everyone forget the situation. Five year inflation remains to be something absolutely hysterical, it’s something like 24 or 25% I beleive.
yeah and its been pretty steady combined with wage loss. I have seen trumpery with that to in that they will say wages went up by some small amount and from my experience they have been going down at the pleb level. I think its all at high levels if anything. One problem with so much inflation in such a short span is even if wages were trying to keep up it would be hard to with them slipping its much worse. Plus minimum wage ans such is so behind. The fight for 15 was over a decade a go.
Absolute canyon that’s opened up, with inflation and earnings over the medium term.