#MAGAFLATION - $12.99 dozen eggs (Page 26)

[Indus]

Why was there a revolution in 1789 France again?

seems like we are hitting those same benchmarks again

Yes but they spent hours practicing with swords.. we spend hours on social media.

Don't think we're trained enough for a revolution.. just yet!

 

[dainthomas]

Why was there a revolution in 1789 France again?

seems like we are hitting those same benchmarks again

We surpassed the wealth inequality from that year a while ago.

At these levels, the idle aristocracy will continue leeching wealth from the peasants at an accelerating rate. Until the correction occurs.

Wonder why they're all building bunkers?

 

[Brainonska511]

Wonder why they're all building bunkers?

Because they're morons. They think they're smart, but they're really not. The security they hired is going to shoot them and go into the bunker themselves if any real society-ending shit were to go down.

 

[Indus]

Because they're morons. They think they're smart, but they're really not. The security they hired is going to shoot them and go into the bunker themselves if any real society-ending shit were to go down.

I dunno know about that.

I remember a few things about revolutions.

Ferdinand Marcos escaped to America.
Musharaf escaped to UAE.
Idi Amin escaped to Saudi Arabia.

Prayuth is still there in Thailand as an advisor to the king setting up constitutions that the power of the people is limited. They may pick a lower house but only with a 75% consent of the oligarcy/ monarch.

Ceaceascu was shot by the army so he couldn't weasle his way out in a trial.

Think that's the lone exception recently where the army turned on him. Generally they're loyal!

 

[hal2kilo]

We surpassed the wealth inequality from that year a while ago.

At these levels, the idle aristocracy will continue leeching wealth from the peasants at an accelerating rate. Until the correction occurs.

Wonder why they're all building bunkers?

Lords and serfs are in our future.

 

[Indus]

So the borders are closed yet migrants came with diseased cattle. Straight from RFK Jr's playbook??

https://twitter.com/x/status/1990077426290901333

 

[KMFJD]

it's not because you dumb asses stopped the screwworm eradication efforts is it? also, how are these south americans getting cattle across the darien gap? jfc the dumbest motherfuckers on the planet are in charge of the asylum

 

[Jaskalas]

So the borders are closed yet migrants came with diseased cattle. Straight from RFK Jr's playbook??

Fascism 101.
The "other" is both weak and strong.

 

[Indus]

it's not because you dumb asses stopped the screwworm eradication efforts is it? also, how are these south americans getting cattle across the darien gap? jfc the dumbest motherfuckers on the planet are in charge of the asylum

According to them:

 

[Indus]

MAGA Republican Adminstration is settling with the people Biden went after for GREEDFLATION.. basically a slap on the wrist and keep doing what you're doing.. keep charging more for stuff..

 

[zinfamous]

I dunno know about that.

I remember a few things about revolutions.

Ferdinand Marcos escaped to America.
Musharaf escaped to UAE.
Idi Amin escaped to Saudi Arabia.

Prayuth is still there in Thailand as an advisor to the king setting up constitutions that the power of the people is limited. They may pick a lower house but only with a 75% consent of the oligarcy/ monarch.

Ceaceascu was shot by the army so he couldn't weasle his way out in a trial.

Think that's the lone exception recently where the army turned on him. Generally they're loyal!

armies aren't mercs. the billionaires are building bunkers and hiring mercs that will actually kill them and take their bunkers in these scenarios.

because that's what mercs do.

 

[Jaskalas]

armies aren't mercs. the billionaires are building bunkers and hiring mercs that will actually kill them and take their bunkers in these scenarios.

because that's what mercs do.

Yeah, money loses its value when civilization falls.
But the hardcore murdering psychopath they hired? That's a nice bunker they and their buddies were hired to protect invited into.

 

[Jaskalas]

I concur when they say We all feel this way.

Someone says a grocery bill moved from $70 to $165 since early 2020.
That's a bit further than the 50% I spoke of one to two years ago. But I also know, thanks to Trump, things are getting a lot worse a lot faster now.
How you all doing out there?

https://www.reddit.com/r/inflation/comments/1pxip3q/we_all_feel_this_way

 

[Brainonska511]

I concur when they say We all feel this way.

Someone says a grocery bill moved from $70 to $165 since early 2020.
That's a bit further than the 50% I spoke of one to two years ago. But I also know, thanks to Trump, things are getting a lot worse a lot faster now.
How you all doing out there?

https://www.reddit.com/r/inflation/comments/1pxip3q/we_all_feel_this_way

There has been price increases, but the median wage has kept up or exceeded inflation, at least during the Biden years.

And that's (the reddit post) a bullshit way to measure inflation. Items go on sale and off sale all the time. And if the price is too high one week, don't buy it. Groceries are an area where people have a lot of power to substitute goods, and it is something that people online seem to have forgotten.

 

[jmagg]

There has been price increases, but the median wage has kept up or exceeded inflation, at least during the Biden years.

And that's (the reddit post) a bullshit way to measure inflation. Items go on sale and off sale all the time. And if the price is too high one week, don't buy it. Groceries are an area where people have a lot of power to substitute goods, and it is something that people online seem to have forgotten.

Even with sales, grocery are through the roof due to the big gouge. Covid set a precedent. Grab a case of spagetti o with meatballs and be happy. 17g protein for 1.50 (on sale)

 

[Brainonska511]

Even with sales, grocery are through the roof due to the big gouge. Covid set a precedent. Grab a case of spagetti o with meatballs and be happy. 17g protein for 1.50 (on sale)

View attachment 135737

Do you have a reading or reading comprehension problem? Groceries have increased in price with inflation, but wages have largely kept up or exceeded it. Eat at home food costs, as measured by the Fed are still trending downward as a function of household income.

There are still quality, affordable items. You don't have to go straight to saw dust in imitation tomato sauce. And substitution is still a thing. You won't die if you don't eat beef and buy chicken instead, or eat a vegetarian meal. You can just drink less soda.

 

[jmagg]

I'm afraid you're a victim of the media. Let them eat cake.

 

[Fenixgoon]

Do you have a reading or reading comprehension problem? Groceries have increased in price with inflation, but wages have largely kept up or exceeded it. Eat at home food costs, as measured by the Fed are still trending downward as a function of household income.

There are still quality, affordable items. You don't have to go straight to saw dust in imitation tomato sauce. And substitution is still a thing. You won't die if you don't eat beef and buy chicken instead, or eat a vegetarian meal. You can just drink less soda.

Sadly soda is one of the cheapest beverages per volume you can buy, which is absolutely a problem

 

[Jaskalas]

Of course that post is anecdotal. But there are many of them. My own experience tells me the CPI is not valid, that our costs are higher than it claims. Especially following Tariffs this year.

Don't think next year is going to help either. Consumers are going to continue to be thrashed as the overall economic situation deteriorates.
A centrally planned economy with ad hoc and off the cuff tax policy changing by the day, is a recipe for destroying wealth and purchasing power.
America's wild ride toward poverty is just getting started.

 

[ivwshane]

But gas is cheaper👹

 

[NWRMidnight]

Do you have a reading or reading comprehension problem? Groceries have increased in price with inflation, but wages have largely kept up or exceeded it. Eat at home food costs, as measured by the Fed are still trending downward as a function of household income.

There are still quality, affordable items. You don't have to go straight to saw dust in imitation tomato sauce. And substitution is still a thing. You won't die if you don't eat beef and buy chicken instead, or eat a vegetarian meal. You can just drink less soda.

wages have not kept up with inflation. That is a myth, yet wage averges say otherwise. But there is a huge problem with the calculation, or rather things that skew the numbers to make wages look higher than they actually are.

One is minimum wage that states have been increasing beyond federal pathedic minimum wage, which raises the floor, and two is CEO pay packages (all of the package, stock, bonuses, etc are used in the wage calculation) with some earning 600 times their employees, which raises the ceiling. Both of those raise the average wage, making it appear that people are making higher wages over all each year. It's not true for the majority.

Lets take Musk's pay package for example, $1 tillion over 10 years, or $100 billion for 2026. how do you think just that 1 person's income increase will effect the average wage increase? The real answer is it will make it appear that all 210 million people in the work force got a raise of $500 a year, just by adding musks salary, and no other increases. you add in the minimum wage increases, and that $500 a year goes up more.. without any other person getting a dime of an increase. The way inflation is calculated, which by the way, how that is calculated changes over time, and how wages increases are calculated, is a flawed and skewed metric. Giving people the belief that we are keeping up with inflation/cost of living. Yet, 50 years ago, 1 salary could support a family, put kids thru collage, go on yearly vacations. Today, two salaries in a house in many cases barely supports all that. That's a pretty clear indication that we have less buying power today, and that wages have not kept up with inflation..

 

[Brainonska511]

wages have not kept up with inflation. That is a myth, yet wage averges say otherwise. But there is a huge problem with the calculation, or rather things that skew the numbers to make wages look higher than they actually are. One is minimum wage that states have been increasing beyond federal pathedic minimum wage, which raises the floor, and two is CEO pay packages (all of the package, stock, bonuses, etc are used in the wage calculation) with some earning 600 times their employees, which raises the ceiling. Both of those raise the average wage, making it appear that people are making higher wages over all each year. It's not true for the majority. Lets take Musk's pay package for example, $1 tillion over 10 years, or $100 billion for 2026. how do you think just that 1 person's income increase will effect the average wage increase? The real answer is it will make it appear that all 210 million people in the work force got a raise of $500 a year, just by adding musks salary, and no other increases. you add in the minimum wage increases, and that $500 a year goes up more.. without any other person getting a dime of an increase. The way inflation is calculated, which by the way, how that is calculated changes over time, and how wages increases are calculated, is a flawed and skewed metric. Giving people the belief that we are keeping up with inflation/cost of living. Yet, 50 years ago, 1 salary could support a family, put kids thru collage, go on yearly vacations. Today, two salaries in a house in many cases barely supports all that. That's a pretty clear indication that we have less buying power today, and that wages have not kept up with inflation..

1) Median is not average and doesn't care for what CEOs make
2) Median wages have kept up or exceeded inflation for the most part
3) few people actually make minimum wage. In fact, that should be a testament to the job market that employers basically can't hire anyone at the legal minimum wage
4) the standard of living is much higher today, and salaries are much higher today than 50 years ago, and people have much more discretionary income. And things really sucked 50 years ago if you weren't a white man.

 

[NWRMidnight]

1) Median is not average and doesn't care for what CEOs make
2) Median wages have kept up or exceeded inflation for the most part
3) few people actually make minimum wage. In fact, that should be a testament to the job market that employers basically can't hire anyone at the legal minimum wage
4) the standard of living is much higher today, and salaries are much higher today than 50 years ago, and people have much more discretionary income. And things really sucked 50 years ago if you weren't a white man.

I didn't say median wage. Median wage can't be used to determine if wages are going up. All it shows is 50% of the people are earning below that amount, and 50% are making above that amount. It's no indication of wages going up. You can have people what have made 65k for 20 years, never receive a raise, and they still will be in the top 50%. (Median individual income is 62k currently, and income refers to all sources, including those that work multiple jobs). That in itself is a problem because median wage increases are being calculated using income, not hourly wages.

Median income is also heavily influenced by population, or rather people entering and leaving the workforce, as well as what jobs are created or lost, and what field, which can effect median wages, but have no meaningful accuracy to wage increases. (Industry shifts, which has zero to do with wage increases) But it will change the median wage. This does also effect averages as well.

Less than 2% of the work force earn federal minimum wage. That percentage increases when includes state minimum wages, that are higher than federal. It has a impact on average wages, but has no impact on median wages.

People don't it have more discretinary income today. They actually have less, but use credit to compensate. It's a fallacy to believe otherwise.

Btw, the inflation calculation, specially the current one of 2.7% isn't accurate, which can make it appear wages are outpacing inflation when it really isn't. The CPI on itself isn't a true indication of inflation because it leaves out a lot of areas/categories that effect people's cost of living, and as the current administration has just proved, can be manipulated.

 

[Fenixgoon]

I didn't say median wage. Median wage can't be used to determine if wages are going up. All it shows is 50% of the people are earning below that amount, and 50% are making above that amount. It's no indication of wages going up. You can have people what have made 65k for 20 years, never receive a raise, and they still will be in the top 50%. (Median income is 62k currently).

Less than 2% of the work force earn federal minimum wage. That percentage increases when includes state minimum wages, that are higher than federal. It has a huge impact on average wages.

People don't it have more discretinary income today. They actually have less, but use credit to compensate. It's a fallacy to believe otherwise.

The median is a decent indicator but it's not the only indicator.

If the income of the bottom 25% is going up, thats fanastic because you're lifting people out from poverty.

But all that needs to be compared agains the gains at the top, inflation, and productivity.

And that's where things look reeeeeeal bad

 

[NWRMidnight]

The median is a decent indicator but it's not the only indicator.

If the income of the bottom 25% is going up, thats fanastic because you're lifting people out from poverty.

But all that needs to be compared agains the gains at the top, inflation, and productivity.

And that's where things look reeeeeeal bad

I don't agree. I edited my comment and added more as to why median wage is not an accurate indication. In all honesty, even average wage isn't an accurate indication. The accurate way would be to go by industry/position as job market change fluctuations. (Industries losing/gaining workers, which effects median and averages, which is no indication of wage growth).

I do agree about productivity and such.