Real INFLATION is here!! | |
Anonymous Coward User ID: 76071895 United States 07/05/2020 02:50 PM Report Abusive Post Report Copyright Violation | Minimum wage in 1976 was $2.30/hour which is $4,784 a year which is equivalent due to inflation to $21,369 today. Quoting: Anonymous Coward 70727027 I entered the workforce in 76 and had to live on 2.30$ hour as a cook. We worked our asses off for that. 44 yrs later and 4 science degrees and I still earn minimum wage. Its about luck and who you know. It’s also about attitude and who you get to know. Treat everyone you meet with respect, be grateful for what you already have, and willingly work your ass off (and try to learn/improve along the way) regardless of the task - and you succeed in this society. Bitch, moan, complain often, and treat others as idiots (until you finally find one smarter than you, but can’t see it because you’re too self absorbed - who might’ve otherwise been your opportunity for advancement)...not a good recipe. all that is true and good advice but a lot of jobs these days are dead ends. advancement might take you 10-20 years to go anywhere in one company. often times if you want a pay raise, or a better position, you're better off getting a new job or starting some apprenticeship or something. these companies are fine with that because ive watched them let people with 5-10-15 years and tons of experience leave for a different company for 5-10% more - a pittance! They don't even try to retain people, they figure people are expendable and disposable. They trip over a dollar to save a damn penny. and beyond that a lot of companies let the bean counters run things and have reduced us to numbers - so i reduce them to numbers. |
Anonymous Coward User ID: 78915617 Australia 07/05/2020 02:54 PM Report Abusive Post Report Copyright Violation | I noticed a chip special at the grocery store. Everything else is twice what I paid for before. Meat 3x times. Quoting: Anonymous Coward 79098027 The "patriots" Fox news viewers will tell you all is fine. Those damn democrats are the problem. Otherwise all is great!!! L 0 L Patriots built this country. Republicans build. Democrats destroy. the Bush's? |
Anonymous Coward User ID: 78854998 United States 07/05/2020 02:55 PM Report Abusive Post Report Copyright Violation | Minimum wage in 1976 was $2.30/hour which is $4,784 a year which is equivalent due to inflation to $21,369 today. Quoting: Anonymous Coward 70727027 Yeah, every time I did the calculations of all the basic things I spent money on from that time to recent years, I concluded that the minimum wage ought to be over twenty dollars an hour. And only children earned the minimum wage in those days. Adults working as professional clerks, gas station attendants, restaurant workers, etc. earned considerably more. It may have been only $3,50 an hour, but that would amount to roughly 50% more than minimum wage. Those jobs would pay at least $30.00 per hour today. But they have fallen to the current minimum wage, an even bigger pay drop. And this says nothing about enormous increases in worker productivity, which should have resulted in at least modest increases in worker pay. All the increases in wealth from all the production and invention in recent decades should have made everyone richer, but they only went to the few who have perfected the art of sucking every last cent of profit out of every human action with fraudulent banking and financial trickery. |
Anonymous Coward User ID: 78576867 Canada 07/05/2020 02:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79109614 07/05/2020 03:00 PM Report Abusive Post Report Copyright Violation | I noticed a chip special at the grocery store. Everything else is twice what I paid for before. Meat 3x times. Quoting: Anonymous Coward 79098027 The "patriots" Fox news viewers will tell you all is fine. Those damn democrats are the problem. Otherwise all is great!!! L 0 L You pay more for chips so fox news is wrong? Lol ok bro |
Tyrone Slothrop
User ID: 33521101 United States 07/05/2020 03:03 PM Report Abusive Post Report Copyright Violation | Minimum wage in 1976 was $2.30/hour which is $4,784 a year which is equivalent due to inflation to $21,369 today. Quoting: Anonymous Coward 70727027 The melt value of 1964 silver coins, paid as minimum wage in 1964, is about $18 an hour. The fiat money system and the Fed is the problem, not greed or evil corporations. And a business that was shut down can raise prices, a business that wasn't shut down can raise prices, that doesn't mean people will pay it. I've gotten a lot of red for telling the truth and being right. Just sayin' |
Bush Master
User ID: 72444048 United States 07/05/2020 03:22 PM Report Abusive Post Report Copyright Violation | Hormel canned ham was 16 bucks for 12 cans in may. Now its 34 bucks for 12 cans. |
Anonymous Coward User ID: 76071895 United States 07/05/2020 03:27 PM Report Abusive Post Report Copyright Violation | |
Grey Eagle
User ID: 72673822 United States 07/05/2020 03:33 PM Report Abusive Post Report Copyright Violation | I noticed a chip special at the grocery store. Everything else is twice what I paid for before. Meat 3x times. Quoting: Anonymous Coward 79098027 The "patriots" Fox news viewers will tell you all is fine. Those damn democrats are the problem. Otherwise all is great!!! L 0 L Patriots built this country. Republicans build. Democrats destroy. the Bush's? NWO RINOs. :fireplace: "Remember when we used to treat colds and flu with chicken soup, saltwater gargles and warm tea instead of Communism?" |
Anonymous Coward User ID: 79094221 United States 07/05/2020 05:36 PM Report Abusive Post Report Copyright Violation | If you're not in good, disinflationary cryptocurrencies like Dash and Bitcoin by now, you're basically too late. The "bbrrrrrr" machine is about to start whizzing at warp speed. Soon you'll be seeing inflation not of 30% or 150%, but 150,000% in a week! If you have cryptos your wealth will be immune from that effect. If not, see ya next time! Quoting: Anonymous Coward 79094221 All those electronic currency are based on real currency and wont be able to keep up with operating cost just like all other business models. Completely wrong. Electronic currencies get their value from the fact that energy is needed to make them. NOTHING is required to make fiat, its just key-strokes somewhere. When the fake currency you call "real" currency goes away, energy and thus cryptos will still have value. |
Anonymous Coward User ID: 71534926 United States 07/05/2020 05:45 PM Report Abusive Post Report Copyright Violation | People want real meaningful jobs. We used to make everything. Right now, we could pull out old pandemic plans, isolate healthy workers, and if no illness is found, they could work in industrial settings. And by staying on site, restore the supply chain, and greatly boost income. Otherwise there will be no middle class and no job security and no stable economy. You do realize that unless young 30something married couples can afford to buy homes that real estate will DEFLATE in value. There is no recovery for that. The only way people can afford nursing home care is by making a profit on their home. You are dooming multiple generations by free trade policies that benefit Chicoms. That is insane. |
Anonymous Coward User ID: 71534926 United States 07/05/2020 05:49 PM Report Abusive Post Report Copyright Violation | At a certain point, there will be a rush to sell homes in urban environments and people, likely white, fleeing to rural places. They will try homesteading to cope. If you wait too long, real estate prices will fall, and homestead prices will rise as the land may have standing trees, a pond, is suitable for raising fodder, is a known area for raising livestock, etc. Real estate prices in urban areas only are maintained by employment. 40% of businesses could see a major hit over the next year. |
Anonymous Coward User ID: 67751026 United States 07/05/2020 06:47 PM Report Abusive Post Report Copyright Violation | What products are you noticing big price increases on in the last few months/weeks? ... Quoting: Oxi moran I was at Costco last week; was there about a month ago. The biggest increase that I noticed was I had purchased several cases of a non-refrigerated Almond/Banana "milk" last month (and the months before) for $8/case. I passed last week when they were selling for $18/case! About a 120% increase in 1 month?! Paper plates: Last month the "Dixie" types were going for around $13/bag for the 10.5 inch variety. Last week they were about $17/bag (but on sale for ~$3.50 off). Yet the smaller variety [8"?] were now up to $18/bag. So, 30 - 40+ increase in price in a week? And the smaller the item, the more it costs?! Yikes. They are debasing the dollars with "helicoptor" money and the first people to get forked (naturally) are those on fixed incomes (like most older Americans). The Catch-22 is that the more "free" CV19 money they give away, the more inflation will raise the costs of common goods. |
Coinshaver
User ID: 78234333 United States 07/05/2020 06:56 PM Report Abusive Post Report Copyright Violation | |
Oxi moran
(OP) User ID: 69024664 United States 07/08/2020 08:05 PM Report Abusive Post Report Copyright Violation | |
Oxi moran
(OP) User ID: 69024664 United States 07/08/2020 08:08 PM Report Abusive Post Report Copyright Violation | |