• Rediphile@lemmy.ca
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    1 year ago

    You think inflation is due to record profits?

    And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?

    I can sort of agree with the charge more part I guess. But it’s pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn’t really debatable unless I’m missing something. It’s sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn’t impact slice size unless they increase the number of slices or the size of the pizza itself.

    • artisanrox@kbin.social
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      1 year ago

      paying the pizza employees less

      so the employees can literally not pay their bills and you run a billion dollar pizza company.

      Might want to take this all back.

      • Rediphile@lemmy.ca
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        1 year ago

        Haha what? This was a hypothetical comparison of the number of pizza slices per pizza and inflation. These pizza employees do not exist, but if they did I would support them being paid more not less.

        Did you actually think I ran a pizza company?

        • artisanrox@kbin.social
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          1 year ago

          No, I’m saying your little metaphor is terrible and the main driver of inflation, currently, is literally businesses not wanting to pay people.

            • artisanrox@kbin.social
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              1 year ago

              It does when the price of things goes up (especially on essentials) and creates profits and no one is paid enough to live but creates those profits.

              If my employer refuses to pay me a living wage even though they can, I can’t magically buy a new car if I need one, especially if the prices on cars went up by, example, 30%. ESPECIALLY if my employer refuses to pay me more.

              It’s inflated TWICE actually because the price goes up normally, and again because my pay did not increase. My pay actually took a loss because it didn’t get raised enough to be proportional to x% inflation.

              • DragonTypeWyvern@literature.cafe
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                1 year ago

                This is why rightoids don’t care what leftists have to say about the economy fam. It doesn’t matter to them if your overall point is correct when you go around redefining words to fit the agenda just because you don’t know the actual terms.

                You could have tossed out terms like purchasing power, cost of living, or even just slapped “effective” in front of inflation to sound like you remember your high school economics but instead you decided to call a deflationary pressure double inflation.

                • artisanrox@kbin.social
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                  1 year ago

                  I went to private religious school dude, we did rosaries, not economics.

                  This is under the “I don’t have to be a pilot to know an airplane doesn’t belong in a tree” stuff, and if righties don’t acknowledge basics like that, THAT is why we can’t have nice things.