More Inflation | Page 2 | General financial discussion | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
More Inflation
April 13, 2022
9:09 am
Norman1
Member
Members
Forum Posts: 6750
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

MattS said
My two cents
I work for a very large firm where the lowest pay rate is $24 with built in raises to $29 within 4 yrs plus and annual adjustment per year with decent benefits … for well over a year we have not been able to attract and retain people. People don’t want or need a job regardless of what data points show. And I hear the same from every person I know

There's more to it than the pay. The job conditions are also important.

Truck driving was mentioned. Not for everyone. Long stretches of time away from home. One former trucker told me his wife eventually left him because of that. Money was good. He was able to provide well for her. But, he was out of town most of the time.

April 13, 2022
11:01 am
HermanH
Member
Members
Forum Posts: 1160
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline

RetirEd said
savemoresaveoften: "Gig" jobs mean no benefits or raises, ever, and probably no extra health care or pension. Those with "rating systems" routinely fire everyone who comes in even a bit short of full marks for a single period.

And the biggest "Gigpits" also keep changing the terms and conditions to REDUCE "employee" income, and raise parasitic costs. They're advertising intensely for gisters - an indicator that people are not wanting to keep those jobs, or are being sacked for "low performance."

I have found that the few Gig-workers, with whom I have spoken, simply cannot do simple math. They cannot figure out that their average hourly wage is often below minimum levels and that they are burning up/depreciating their principal asset (car) for the benefit of their employer. Serves them right.

April 13, 2022
1:59 pm
Norman1
Member
Members
Forum Posts: 6750
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

HermanH said
… They cannot figure out that their average hourly wage is often below minimum levels and that they are burning up/depreciating their principal asset (car) for the benefit of their employer. Serves them right.

It's not that obvious, until their mechanic explains why the car needed its brakes serviced and its starter starts making noises once in a while, within a year of starting deliveries.

A friend had that epiphany years ago, before Uber Eats and DoorDash were around, doing pizza deliveries after being laid off.

April 13, 2022
4:03 pm
dougjp
Member
Members
Forum Posts: 575
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline

Many indicators in the real word of increasing inflation, some are beyond usurious.

Perhaps from the more reasonable variety of inflation examples is today's announcement by Amazon of a 5% surcharge on all fulfilled purchases starting April 28. Metro's recent strike settlement at the distribution center of an 8% wage increase et al, thereby setting a benchmark for all food store distribution staff = more product price increases beyond the insane numbers at present.

Anyone remember buying Kraft salad dressing 2 for $ 4- at Walmart about 75% of the time (and sometimes Foodland) less than 6 months ago? Now $ 3.47 for. You do the math for % increase. Another common one, romaine lettuce to make that salad if anyone does that....still. $ 2.98 for 3 at food Basics most of the time, last year and later. Now, $ 4.87 at Wal-Mart, much more at Food Basics.

The main accomplishment of almost all organized protests is to
annoy people who are not in them.

April 14, 2022
8:07 am
RetirEd
Member
Members
Forum Posts: 1003
Member Since:
November 18, 2017
sp_UserOfflineSmall Offline

Bill:

I said, "A full-time job with decent benefits."

That's exactly what a government job is. As many jobs as possible should meet those standards. Back when I joined the workforce as a new graduate, public-sector jobs paid less than private industry - but had security, benefits and a bit (limited) more protection from toxic bosses.

As globalization legitimized and promulgated ruthless practices in the private sector, and unionization was cut in half in most of the continent, the private sector has fallen behind - save for the highest of the high earners.

We shouldn't resent good employment. We should insist on it, following what those with good jobs used to have.
RetirEd

RetirEd

April 14, 2022
9:56 am
Bill
Member
Members
Forum Posts: 3911
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

I agree, RetireEd, big diff is private sector workers have to compete with rest of world workers (no competition for public sector), how do you get around that?

April 16, 2022
2:57 am
RetirEd
Member
Members
Forum Posts: 1003
Member Since:
November 18, 2017
sp_UserOfflineSmall Offline

Bill: part of a possible solution is the current paranoid de-globalization, part of it is the sudden permanent retirement of a lot of the North American workforce and search for more workers. We also need to fight anti-employee laws in many states.

Bringing back and enforcing US antitrust laws would be a big start. That would prevent huge corporations' use of unlimited financial resources to wipe out entire world markets, as Amazon, Google, Facebook, Tesla and the like from operating at massive losses for years to wipe out competition.

We are now facing a world where time wasted on social media and entertainment has so eroded human time management that former "necessities" like shaving, washing, and home cleaning and maintenance have gone by the wayside. Everyone's wearing hoodies and sweats, and ordering high-priced on-line delivery services. We need to get back to the real world.
RetirEd

RetirEd

April 16, 2022
5:58 am
Bill
Member
Members
Forum Posts: 3911
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

Doesn't matter to me if people wear hoodies and can afford to get others to bring their stuff (even their food!) to them (the very definition of an affluent society, no?), personal choice is the key. But I know that if I liked increased gov't-run/regulated economies I'd quickly emigrate to one of the many countries where that's already the case - all our days are numbered and times a wastin', RetireEdsf-smile

April 16, 2022
7:01 am
Alexandre
Member
Members
Forum Posts: 1100
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

RetireEd,

Amazon is centralized delivery of goods. Someone who is pro-unions should be for Amazon, as it wipes out non-unionized mom and pop stores. Likes of Amazon and Walmart bring together labor - which is a must for unions to operate. If union is not there today, it may be tomorrow.

Amazon got that big and popular not because they have access to unlimited financial resources, but because they can operate more efficiently. Their efficiency reduces labor demand and reduces price of goods. Both help to keep inflation in check (to some extent).

For all evils Google did, they saved us from Apple monopoly. It is thanks for Google one can choose from wide variety of smartphones on Amazon. It is thanks for Google our Smart TVs free us from the monopoly of local TV cable provider.
Would you prefer all the world live in Apple monopoly world instead?

As for Tesla, I am not sure what is wrong with them in your opinion. What I see is a company that started much needed push to US energy independence. 50% of all oil consumption in the US is transportation. Just part of that transportation switched to EV could be enough to make US politically independent country again.

April 20, 2022
8:11 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 1914
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
Canada's inflation rate for March has jumped to a new 30+ year high of 6.7% ❗

See the BNN article below the video

Meanwhile down in the States, it's Much Worse @ 8.5%.

Crazy times sf-confused

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

No permission to create posts

Please write your comments in the forum.