Discussion Prices in 2022 will be....

[13Gigatons]

Prices in 2022 will be....

 

[Exterous]

Prices in 2022 will be....

I mean prices are always a little higher year over year in aggregate. Unless you're in a deflationary cycle which is much worse than single digit inflation

 

[ultimatebob]

I'm hopeful that we'll iron out most of the Covid related supply chain issues in 2022, but I highly doubt prices aren't going to come back down. That's not the way Capitalism works. Once you've adjusted salaries and raised prices accordingly to maintain your profit margins, those prices usually don't come back down unless there is a serious recession.

So, the good news is that your average McDonalds worker got a $2 pay raise over the last 18 months... the bad news is that your average McDonalds meal went up $2.50 to pay for that raise and the rise of food supply costs.

 

[IronWing]

I'm hopeful that we'll iron out most of the Covid related supply chain issues in 2022, but I highly doubt prices aren't going to come back down. That's not the way Capitalism works. Once you've adjusted salaries and raised prices accordingly to maintain your profit margins, those prices usually don't come back down unless there is a serious recession.

So, the good news is that your average McDonalds worker got a $2 pay raise over the last 18 months... the bad news is that your average McDonalds meal went up $2.50 to pay for that raise and the rise of food supply costs and maintain perpetual increases in shareholder profits and executive compensation.

Augmented that.

 

[brianmanahan]

Augmented that.

my vision is augmented

 

[ultimatebob]

Augmented that.

Well, of course. The franchise owners and investors are going to want bigger bonuses to pay for their more expensive yachts and the more expensive gas to fuel them. Inflation affects rich folks, too... not that anybody is really going to feel sorry for them.

 

[snoopy7548]

I augmented your mom last night.

 

[Captante]

Since when do prices go up and then come back down again to stay unless forced by an act of god?

Voted higher.

 

[Charmonium]

There's probably a monetary component to the current spike in inflation. Meaning that so much money has flooded the economy plus some level of shadow banking that certainly ensued that a transient spike I think was more or less expected. But my guess, and it's just a guess, is that the supply chain is the bigger part of the problem so I think prices will decline this but not to pre-2021 levels.

Also, true inflation requires both monetary profligacy plus inflationary expectations which bring planned consumption forward and neither of those is currently true.

edit: I'm sure a lot of buying has been accelerated due to the govt giveaways but that was intended.

 

[Lost_in_the_HTTP]

Reality is augmented.

 

[MrSquished]

I'm hopeful that we'll iron out most of the Covid related supply chain issues in 2022, but I highly doubt prices aren't going to come back down. That's not the way Capitalism works. Once you've adjusted salaries and raised prices accordingly to maintain your profit margins, those prices usually don't come back down unless there is a serious recession.

So, the good news is that your average McDonalds worker got a $2 pay raise over the last 18 months... the bad news is that your average McDonalds meal went up $2.50 to pay for that raise and the rise of food supply costs.

Complete nonsense about wages having to increase menu prices that much. In Denmark not only are the average wages of a McDonald's worker just over $20 an hour, they also get 6 weeks paid vacation (5 weeks is a Danish law, plus their union negotiated another week), and food prices are nowhere near as much higher as you imply they should be.

You are just listening too much to the propaganda of the corporations that insist this is what will happen in order to maintain the status quo at the expense of workers always

Do McDonald's Workers in Denmark Make $22 an Hour?

The fight over a minimum wage is often centered around McDonald's.

www.snopes.com

 

[Lost_in_the_HTTP]

Higher prices.
Higher wages.
Higher prices.
Higher wages.
Higher prices.
Higher wages.
Higher prices.
Higher wages.
Higher prices.
Higher wages.
Higher prices.
Higher wages.


When does the spiral end?


All that does is add to the class separation. The haves will always have more than the have nots.

Prices need to be more realistic and not profit driven. Tamp down price spirals and wages won't have to follow.

 

[13Gigatons]

I really hope Intel will flood the market with their discrete GPU to put pressure on that market.

I also would like a better supply of Intel 12th gen CPU's so that my local store would stop running out.

To much demand and not enough supply.

PS: America needs to start making stuff again so we don't need to import so much.

 

[Scarpozzi]

Prices might go lower if the market crashes.

 

[Red Squirrel]

Everything keeps going up. The idea of lower prices is one that is nice to dream of but doubt it's ever going to happen. Even when there are abnormal high prices like lumber or gas, they rarely settle back to what they were before, they always stay slightly higher.

The real issue is all the re-occuring stuff like utility bills, taxes etc that keeps going up every year and it's not like you can "buy less". Those are costs of living that you have little control over.

 

[snoopy7548]

Higher prices.
Higher prices.
Higher prices.
Higher wages.
Higher prices.
Higher prices.
Higher wages.
Higher prices.
Higher prices.
Higher prices.
Higher prices.
Higher wages.
Higher prices.
Higher prices.


When does the spiral end?


All that does is add to the class separation. The haves will always have more than the have nots.

Prices need to be more realistic and not profit driven. Tamp down price spirals and wages won't have to follow.

Fixed...

 

[ultimatebob]

Everything keeps going up. The idea of lower prices is one that is nice to dream of but doubt it's ever going to happen. Even when there are abnormal high prices like lumber or gas, they rarely settle back to what they were before, they always stay slightly higher.

The real issue is all the re-occuring stuff like utility bills, taxes etc that keeps going up every year and it's not like you can "buy less". Those are costs of living that you have little control over.

You could try getting solar panels to help with the electric bill. I can't do it, because I have too damn many trees near my backyard that are shading the roof.

 

[Captante]

You could try getting solar panels to help with the electric bill. I can't do it, because I have too damn many trees near my backyard that are shading the roof.

Pretty sure he already did this?

 

[Red Squirrel]

You could try getting solar panels to help with the electric bill. I can't do it, because I have too damn many trees near my backyard that are shading the roof.

I have some but I'm in the same boat, not enough usable room on my current property. I still need to setup automation (low voltage cut off etc) and then I want to have it power some stuff around the house.

Long term goal is to move off grid though, then I will eliminate pretty much all bills. Already bought 40 acres of land. When I do solar on that property I will have way more room and will setup a vertical mounted setup so I don't have to worry about snow.

 

[Lost_in_the_HTTP]

I have some but I'm in the same boat, not enough usable room on my current property.

Solar to generate power on your 'current' property. Cute.

 

[dullard]

So, the good news is that your average McDonalds worker got a $2 pay raise over the last 18 months... the bad news is that your average McDonalds meal went up $2.50 to pay for that raise and the rise of food supply costs.

So you think the average McDonalds workers spend $2.50/($2.00/hour) = 1.25 hours working on your meal? Or do you think the vast majority was the increase in food supplies?

 

[ultimatebob]

So you think the average McDonalds workers spend $2.50/$2.00 = 1.25 hours working on your meal?

You're just ignoring that "and the rise of food supply costs" part, aren't you?

 

[Ajay]

Eh, something about the Biden admin increasing tariffs on Canadian lumber starting in 2022. Not sure if true but...rats.

 

[dullard]

You're just ignoring that "and the rise of food supply costs" part, aren't you?

That is what you wanted us to do by focusing on the $2/hour part in your text and not giving any numbers for food supplies.

 

[nakedfrog]

Complete nonsense about wages having to increase menu prices that much. In Denmark not only are the average wages of a McDonald's worker just over $20 an hour, they also get 6 weeks paid vacation (5 weeks is a Danish law, plus their union negotiated another week), and food prices are nowhere near as much higher as you imply they should be.

You are just listening too much to the propaganda of the corporations that insist this is what will happen in order to maintain the status quo at the expense of workers always

Do McDonald's Workers in Denmark Make $22 an Hour?

The fight over a minimum wage is often centered around McDonald's.

www.snopes.com

My go-to response is to point at Dick's Drive-In out here, pays $19/hr, provides a scholarship benefit, childcare assistance, and 100% employer-paid healthcare. A cheeseburger there costs $2.35/$2.50 depending on location. The burger itself is roughly on par with a McDonald's cheeseburger, which costs $2.39 in Seattle. Of course, McDonald's is paying $16.69 (nice) there.