Why China is the winner in all scenarios

Discussion in 'Economics' started by thecoder, Nov 21, 2021.

  1. VicBee

    VicBee

    Thanks for setting the bar as low as possible :thumbsup:
     
    #21     Dec 4, 2021
    murray t turtle likes this.
  2. Handle123

    Handle123

    A pyramid, at top is wealthiest people and at the base is low middle income and low income during normal economy = normal supply/pricing. When there is a cylinder where government is giving away money which increases way beyond supply of goods causes inflation. When people are making more staying on unemployment will disrupt supply.

    Eventually minimum wages goes up, we can expect higher prices to stay, longer lines cause reduction of employees. You be bagging your own goods after you scanned them.

     
    #22     Dec 4, 2021
    murray t turtle likes this.
  3. Overnight

    Overnight

    Have been doing that for years at the self-checkout. What's the big deal?
     
    #23     Dec 4, 2021
  4. VicBee

    VicBee

    Absolutely not. The exact same thing can be said at the other end, as C level packages reach 9 figures they create inflation as everyone down the food chain expect higher pay.

    Higher labor cost is a result of labor shortage. Labor shortage is a result of Trump policies to tighten immigration. Trump voters are white, independent, blue collar work force (construction and associated industries) who for years complained about immigrants taking their jobs and creating unfair competition. 5 years later, those $20/hr jobs have turned into $50/hr jobs and no one will work for less than $15/hr.
     
    #24     Dec 5, 2021
  5. thecoder

    thecoder

    A what law? :)
     
    #25     Dec 5, 2021
  6. %%
    Good rebuke on paying people to sit on thier butt;
    but that makes tense when the socialist gov wants to thin out the population with bad health/death panels. I bag my own groceries @ WMT, usually quicker+ more profitable for WMT, no doubt why thy put those in store. Almost always use a female bank teller not ATM.
     
    #26     Dec 6, 2021