Deflationary periods may be helpful to those with large amounts of cash or cash equivalents, which generally isn’t the working class. Wage growth outpacing inflation helps the working class more.
Why do you think there is a push to get people back in the office?
Because the corporate realty market is a bubble, and companies have to find a way to justify big spends if they can’t get out of a lease, and plenty of corporate landlords can’t let people out of their leases because then their buildings would be underwater and likely forclosed?
Deflationationary phases are very helpful for the working class, as their dollar now buys MORE things. Like food. And housing. And health care.
What kind of braindead take is that? The working class? The same working class that majorly lives paycheck to paycheck and can’t even afford an unexpected $500 expense?
What dollars do you think they are going to have in a deflationary economy after they get laid off?
You know in what form those paychecks generally come in? Cash, so their paycheck is now literally worth more without wage increases (which aren’t horribly stable for those generally loving paycheck to paycheck).
The working class? The same working class that majorly lives paycheck to paycheck and can’t even afford an unexpected $500 expense?
Yes, that working class. You know the people whose pay has pretty much been frozen in time since the 80s, even though the cost of everything is always going up faster than the paycheck they get?
What dollars do you think they are going to have in a deflationary economy after they get laid off?
Depends. I mean, I’m not going to offer solutions to try to make an exploitive system friendlier to the wage slaves… I’d prefer not having wage slavery anymore.
But, perhaps, we need to guarantee everyone the right to the basic requirements of life? Then we don’t have to make sure billionaires get more billions, just so they can try to survive the hellscape we have created?
But, perhaps, we need to guarantee everyone the right to the basic requirements of life? Then we don’t have to make sure billionaires get more billions, just so they can try to survive the hellscape we have created?
Sure. But that is outside of the scope of your original take and in no way validates it.
Yes, every time you move the goalposts, you change the scope.
But sure, I’ll bite, again.
What does infinite growth have to do with deflation? You don’t have to have one or the other. You can also just have stagnation, which is arguably more sustainable than the unemployment caused by deflation.
This is only accurate if you measure economic success by “Corporate profits”.
Deflationationary phases are very helpful for the working class, as their dollar now buys MORE things. Like food. And housing. And health care.
Deflationary periods may be helpful to those with large amounts of cash or cash equivalents, which generally isn’t the working class. Wage growth outpacing inflation helps the working class more.
Except, by design, that will not happen, not for longer than a few quarters or so.
Why do you think there is a push to get people back in the office?
Because the corporate realty market is a bubble, and companies have to find a way to justify big spends if they can’t get out of a lease, and plenty of corporate landlords can’t let people out of their leases because then their buildings would be underwater and likely forclosed?
What kind of braindead take is that? The working class? The same working class that majorly lives paycheck to paycheck and can’t even afford an unexpected $500 expense?
What dollars do you think they are going to have in a deflationary economy after they get laid off?
You know in what form those paychecks generally come in? Cash, so their paycheck is now literally worth more without wage increases (which aren’t horribly stable for those generally loving paycheck to paycheck).
If they still have a paycheck, sure. But historically, deflation leads to unemployment.
Yes. That is caused by corporate greed. Not deflation.
Yes, that working class. You know the people whose pay has pretty much been frozen in time since the 80s, even though the cost of everything is always going up faster than the paycheck they get?
Depends. I mean, I’m not going to offer solutions to try to make an exploitive system friendlier to the wage slaves… I’d prefer not having wage slavery anymore.
But, perhaps, we need to guarantee everyone the right to the basic requirements of life? Then we don’t have to make sure billionaires get more billions, just so they can try to survive the hellscape we have created?
Sure. But that is outside of the scope of your original take and in no way validates it.
Its not outside of the scope of “Demanding infinite growth isn’t sustainable”…
Yes, every time you move the goalposts, you change the scope.
But sure, I’ll bite, again.
What does infinite growth have to do with deflation? You don’t have to have one or the other. You can also just have stagnation, which is arguably more sustainable than the unemployment caused by deflation.
“Deflationationary phases are very helpful for the working class, as their dollar now buys MORE things. Like food. And housing. And health care.”
Shhh can’t be having that. Don’t worry, we beat inflation. Everything is just more expensive now. Deal with it.
Their dollar buy more until the company folds as the economy goes to shit.