Businesses will always look to maximize profits. This will put inflationary pressure on the economy. It's been happening since the beginning of time and will always continue to happen.
Increasing wages will also put inflationary pressure on the economy. This has also been happening since the beginning of time.
This is normal. What is not normal is the recent massive shifts which have altered the equilibrium that has been normal for decades and, subsequently, created massive inflation:
Wages are relatively low right now. Wages are a function of supply and demand. Right now, there's ample supply, keeping wages historically low. Why? Look to your governments that have increased the supply of labour by crazy amounts. Your governments don't care about you.
Covid lockdowns had extreme interruptions to the supply chain. Supply of goods is extremely low. So, any goods available in market will naturally cost more due to scarcity. Your governments did this. They don't care about you.
gas scarcity. I'm not an expert in this. But I do know that gas scarcity and gas prices affect the prices of all goods. Gas prices have been increasing.
Uralfucked... You basically are fucked unless you learn to fend for yourself. You have your hopes set on "late stage capitalism" and governments providing for you in the near future. Governments will never care about you, even if you manage to get your socialism which you're dying to get.
Nobody needs to tell me this.
Urallfucked, here's a basic Economics lesson:
Businesses will always look to maximize profits. This will put inflationary pressure on the economy. It's been happening since the beginning of time and will always continue to happen.
Increasing wages will also put inflationary pressure on the economy. This has also been happening since the beginning of time.
This is normal. What is not normal is the recent massive shifts which have altered the equilibrium that has been normal for decades and, subsequently, created massive inflation:
Wages are relatively low right now. Wages are a function of supply and demand. Right now, there's ample supply, keeping wages historically low. Why? Look to your governments that have increased the supply of labour by crazy amounts. Your governments don't care about you.
Covid lockdowns had extreme interruptions to the supply chain. Supply of goods is extremely low. So, any goods available in market will naturally cost more due to scarcity. Your governments did this. They don't care about you.
gas scarcity. I'm not an expert in this. But I do know that gas scarcity and gas prices affect the prices of all goods. Gas prices have been increasing.
Uralfucked... You basically are fucked unless you learn to fend for yourself. You have your hopes set on "late stage capitalism" and governments providing for you in the near future. Governments will never care about you, even if you manage to get your socialism which you're dying to get.