For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.
“falling inflation” means prices are still rising…the rate of increase is what has decreased. What we need is negative inflation…or said differently, price decrease.”
Im not arguing validity, but just commenting on how i think people en masse will hear what top comment actually said.
You very well may be correct. But it requires the inclusion of wage change which the top comment didnt include. Minimum wage is a protection against employers lowering wages. So for those who are already at that minimum, they will be in a better position
Assuming they still have a job. Which im sure you would argue they wouldnt. And i wouldnt bet against you if you did argue that would happen
And yet it is exactly what the people need to be happy
Meditate on that point
For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.
The majority of people are in debt. If you owe $1000, you’ll still owe $1000 but $1000 will be more money than it is now.
If prices drop then you have more money to pay for that 1000 dollars is how proponents are looking at it, i assume
You don’t though. Wages don’t rise to keep up with inflation, but they’d sure as shit drop to keep up with deflation.
Im not arguing validity, but just commenting on how i think people en masse will hear what top comment actually said.
You very well may be correct. But it requires the inclusion of wage change which the top comment didnt include. Minimum wage is a protection against employers lowering wages. So for those who are already at that minimum, they will be in a better position
Assuming they still have a job. Which im sure you would argue they wouldnt. And i wouldnt bet against you if you did argue that would happen
People have always been, in the grand sense, pretty dumb.
True
Wages need to keep up with inflation, else it’s a bubble. 😉 But we fundamentally agree