Will spending $4T be the path to stop inflation?

And Biden said to business owners facing labor crisis...."Pay More". But, He said nothing about raising their prices to cover the increased wages.

@averagejoe1 said
And Biden said to business owners facing labor crisis...."Pay More". But, He said nothing about raising their prices to cover the increased wages.

Salaries should be enough for employees to live.

@wildgrass
WHAT? You HERETIC, ARREST THAT TERRORIST?

@wildgrass said
Salaries should be enough for employees to live.

a person has the ability to dictate their salary

@wildgrass said
Salaries should be enough for employees to live.

There is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.

Define live on.

If everyone makes more money things like rent and property prices will just go up as well.

Everything evens out in the end. As inflation continues, you need to make more money just to keep up with your earlier standard of living.

@eladar said
Define live on.

If everyone makes more money things like rent and property prices will just go up as well.

Everything evens out in the end. As inflation continues, you need to make more money just to keep up with your earlier standard of living.

Of course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.

@no1marauder said
Of course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.

?

@averagejoe1 said
?

I'm surprised someone who taught "economies" doesn't understand that IF increases in salaries were always accompanied by equal percentage increases in prices, the standard of living would always remain the same.

@averagejoe1 said
There is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.

Common sense would be:

IF their salary isn't enough for someone to live, they'll die defeating the whole purpose of working in the first place.

@no1marauder said
I'm surprised someone who taught "economies" doesn't understand that IF increases in salaries were always accompanied by equal percentage increases in prices, the standard of living would always remain the same.

Actually, I 'still' teach, and it is Finance, not economics.
You are right, common sense, but don't get your point. Certainly you don't want a person's standard of living to remain the same. To me, that sounds like people living under socialism. Brrrrrrrrr

@mott-the-hoople said
a person has the ability to dictate their salary

now they do. At least a little

@averagejoe1 said
There is no law, dictum, preacher, constitutional provision, county ordinance, city council or common law, or common sense, that says that 'Salaries should be enough for employees to live".
So , to keep things on a level playing field, where we all start at the same place, can you give us your source for the validity of this statement? We have never seen nor heard of it.

We are saying. Since always. When we started saying that a family shouldn't send their children to work. When we started forming unions. When we said we should reduce the hours we have to work, so that we manage to live our lives as well, not just be forced to work to barely scrape by.
When we established minimum wage laws, that was an actual law, saying: this is what someone should pay, at the minimum, for an hour of labor. It's just that some countries (the good ones) have gradually increased that minimum wage and you, the bad country, have not.



In other news, apparently minimum wage workers cannot afford a two bedroom apartment to RENT (definitely not buy if you say again like a moron that one should simply buy duplexes and rent them out to make some money) anywhere in the US
https://www.whsv.com/2021/07/18/minimum-wage-workers-cant-afford-two-bedroom-rental-anywhere-country-new-report-says/

@no1marauder said
Of course, "things don't even out" or we'd have the same standard of living as we did a 100 years ago.

Advancement in technology certainly makes life easier. Having people in poor countries with rent 10 dollars a month providing low wage labor helps to make things cheaper.