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Originally Posted by Rodnok1
Announced consumer prices went up 7% in 2021. That's number is skewed alot if go back to kung flu start its more like 15%.
One restaurant chain CEO said their food and beverage costs went up 9% and labor 9% in a qtr(article didn't state which qtr) . Th ey have raised prices 2% last qtt and another 4% upcoming yhis qtr.
So how's that demanding 15/hr shit working out for everyone. Anyone on fixed income is going to suffer in the coming years so instead of spending money on extras and helping the economy they'll be sticking to necessities or cutting back.
Used car prices are up 35% with average cost 27k believe it was.
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It’s not minimum wage demands causing these prices, it’s corrupt currencies and the central bank’s / governments controlling them. The whole purpose behind the Constitution requiring only gold and silver be used as money.
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.
Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
― John Maynard Keynes