Is the only chance of reprieve to get paid more?
In: 344
Do the greedy ever become less greedy?
Inflation is a direct result of greed, unless regulations drastically change corporations will still raise prices at every opportunity.
There’s a reason why we have record high inflation at the same time we have record high corporate profits.
Should be seeing deflation now with the money supply decreasing. Last time the money supply decreased was during the 30s.
So we will never see low numerical currency with the same buying power again in our lifetime? So at some point in the next few decades, a slice of pizza could cost $20 but people are making 300k/year? Similar to how in the 50s a slice of pizza was a nickle?
Caveats: I’m going to sound extremely conservative and then like a Marxist. Also, I’m only talking about America (I also acknowledge I’m not an expert)
As long as the government subsidizes the things that truly matter (housing, healthcare, transportation, food, education, etc), it’s almost impossible for cost of living to go down
The only possible reprieve is to move away from capitalism as we know it. It feeds off of continuous growth, which is not indefinitely sustainable (and arguments can be made that we already crossed the Rubicon) unless we figure out how to live on other planets
That isn’t really ELI5, I admit
Latest Answers