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Post by aj2hall on Oct 9, 2022 21:29:35 GMT
Wages & inflation sometimes work the other way around. Inflation can lead to higher wages in some states where the minimum wage is tied to consumer prices. www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2022/08/31/inflation-pushes-minimum-wages-higher-in-some-statesI don't think that states raising minimum wages this year contributed to inflation. In part because of the labor shortage, many companies were already paying higher than minimum wages. Wage increases don't necessarily translate to price increases. In order for wage increases to add to inflation, the increases would have to be significantly more. This article calculated what would happen if the federal minimum wage was raised to $15 www.epi.org/blog/inflation-minimum-wages-and-profits-protecting-low-wage-workers-from-inflation-means-raising-the-minimum-wage/Even under a worst-case inflation scenario where every penny in extra pay that results from moving the federal minimum wage to $15 by 2027 is passed on in the form of higher prices, the result would be a five-year stretch of inflationary pressure equal to 0.1% per year (or about 1/100th of the increase we’ve seen since 2021), then the inflationary effect would return to zero. www.cato.org/commentary/wage-price-spiral-explanation-inflation-dangerous-mythThe idea that wage‐price spirals cause inflation – that higher prices lead to higher wage demands, which beget further higher prices and then higher wages again and again – is a long‐standing myth, and a dangerous one given it can lead to such misguided policy.
www.bloomberg.com/opinion/articles/2021-11-10/wages-are-heading-up-but-they-re-not-inflationary#xj4y7vzkgwww.imf.org/en/Blogs/Articles/2022/10/05/wage-price-spiral-risks-appear-contained-despite-high-inflationInflation in some economies is rising at the fastest pace in four decades, while tight labor markets have boosted pay gains. That has raised concerns that these conditions could become self-reinforcing and lead to a wage-price spiral—a prolonged loop in which inflation leads to higher wage growth, fueling even higher inflation.
An examination of recent wage dynamics and the prospect of such a wage-price spiral are the subjects of an analytical chapter of our latest World Economic Outlook, which finds that, on average, the risks of a spiral are limited—so far. Three factors are working together to contain the risks: the underlying shocks to inflation are coming from outside the labor market, falling real wages are helping to reduce price pressures, and central banks are aggressively tightening monetary policy.
Even an opinion in the WSJ busts the myth of the wage-price spiral www.wsj.com/articles/inflation-drives-worker-pay-down-not-up-wage-price-spiral-raises-goods-keynes-friedman-cost-push-fed-11643662537The Labor Department released a report Friday showing that worker pay increased about 4% in one year, the fastest rate in two decades. This led to predictable alarm that the U.S. is facing a “wage-price spiral,” in which higher wages push up prices, which lead to demands for still-higher wages, and so forth. But the wage-price spiral is a false and antiquated economic idea that refuses to die and keeps generating bad policies.
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Post by onelasttime on Oct 9, 2022 23:55:13 GMT
How is she unqualified? She was the DA of San Francisco before becoming the AG of the most populous state in the United States. She is smart and has stuff to learn. Will there be missteps. Absolutely because nobody is perfect. But for the most part I think she is doing a good job. In all seriousness what were trump’s qualifications to become president? I finally figured it out that people voted for him in the primaries against established much more qualified Republican candidates because he yelled “you’re fired” on a reality TV show. Which bled over into the general election. And instead of electing on of the most qualified individuals that had run for President in a very long time the voters elected a two bit reality show guy. I mean it certainly wasn’t because he was a successful businessman. You are not successful if your old man has to bail you out and you declare bankruptcy at least 4 times and have a history of not paying businesses that do work for you. And I have to say I was chuckling when I was pounding out my response and thinking about your belief VP Harris is embarrassing this country because I kept getting thoughts of how the last administration embarrassed this country. Over and over and over again. My bank account and ira was far larger with the last administration than it is now. As a business man Trump had this country humming. Gas prices were under $2.00 a gallon, unemployment was the lowest in decades and everyone had more money in the bank. In 2.5 years this current administration has us financially and politically in the shitter. I voted for Trump because I couldn’t imagine clinton as president. And the fact that he WASN’T a politician. She would have been a disaster. All politicians suck and are liars, cheats and are corrupt. Every single one on every single side. It was a matter of who I felt sucked the least and the business man won my vote. as for harris, she has accomplished absolutely nothing that she was assigned to do (the border? another disaster) but to make a fool of herself every time she is interviewed. It’s literally cringy to listen to her try to be coherent. How do you think she would do as a president? You think she is qualified for that?
She is smart and has stuff to learn. Will there be missteps. Absolutely because nobody is perfect. But for the most part I think she is doing a good job. Even you can’t endorse fully endorse her. This country would be in really deep shit if biden croaks. She’s completely unqualified for the job and she got it because she’s a woman. The left elected her because clinton lost. To answer your question if Kamala Harris should be president I wouldn’t have a problem with it at all. As to the economy you are crowing about under dumpster don, below is a recap of his achievements. The only thing I will add is shortly after Obama became president the unemployment rate reached 10+% by the time he left office the rate had fallen to 4.7%. The stock market started a steady climb as the Great Recession started to recede while Obama was still in office. trump did nothing but inherit an economy that was growing and had been for several years. |
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Post by Deleted on Oct 10, 2022 15:16:04 GMT
This is so much like some members in my family who want to blame Biden for all of the ills of the worlds and rising prices of everything. So when I tell them, you know, those SAME things are incredibly expensive over on this side of the world too..... I just hear crickets. So, if Biden is to blame for inflation, pray tell, WHO is to blame for the inflation happening in so many other countries right now??? I do believe we are still feeling the aftershocks of Covid and how it basically shut down the world. I don’t live in so many other countries. Im not blaming biden for the ills of the rest of the world. I’m blaming him for the cost of everything I have to pay for here, in the country i live in. I don’t give two craps about WHO is to blame for inflation happening in so many other countries. His indiscriminate throwing of trillions of dollars around is why we are in such a high inflationary state right now. Here. In our country. I am going to HOPE you didn't purposely miss the whole point of my post... The point being that if so many other countries in the world are experiencing similar problems to the United States, might it be possible that there are other factors at play?? Also, please do remember that Trump was "throwing out indiscriminate $$$" before Biden took office. |
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Post by onelasttime on Oct 11, 2022 19:49:18 GMT
Joe Biden and why I think it’s rude to claim, with no medical expertise, that he is not all there.
Joe Biden has a long long history of gaffes. He readily admits this. So the idea they would stop once he was elected president was rather naive. Unless one thinks he deliberately spent the last several decades making these gaffes just to rile people up for giggles sake.
Problem is, IMO, there are some who are focusing in on the gaffes, something he has always done, and ignoring the rest of the things he is doing. To judge anyone, one must look at the big picture. IMO he is doing so many things that would negate the notion “he is not all there”. To say otherwise is parroting the right’s talking points.
Should he run again in 2024? I’m hoping he doesn’t but if he does, he will have my support.
During the primary season Joe Biden was not my choice, in fact I was hoping he wouldn’t run. But now I’m glad enough people voted for him that he became the Democratic nominee.
And here’s why. After 4 years of the chaos the trump administration created, IMO, this country needed to take a step back to some sort of normalcy which would mean the next president would/should be what I would call a traditional president. Old school. And again IMO that was Joe Biden.
Do I think the presidency should change/evolve? Absolutely but not by the chaos trump and the Republicans crested and appear to want.
Do I think it’s time for younger folks to step up. Yes. In the CA primary I voted for the young guy who I’m told that no matter how qualified he is for the job he can’t win because he’s gay. Do you understand how stupid that is?
What I think is that no one over the age of 70 should run for president. As someone in her seventies I know someone over 70 could do a good job and I think Biden is.
But it’s time to start turning the running of the government over to those young whipper snappers.
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Post by onelasttime on Oct 11, 2022 19:55:20 GMT
Here is President Biden’s schedule for today. Kind of busy for someone not all there.
I would be remiss if I did not point out that President Biden takes his daily briefing almost everyday. While the other guy chose not to get his daily briefing almost everyday.
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Post by femalebusiness on Oct 11, 2022 19:58:30 GMT
Here is President Biden’s schedule for today. Kind of busy for someone not all there. I would be remiss if I did not point out that President Biden takes his daily briefing almost everyday. While the other guy chose not to get his daily briefing almost everyday. All the former did for four years is watch tv and tweet. King of the morons! |
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Gem Girl
Pearl Clutcher
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Posts: 2,686
Jun 29, 2014 19:29:52 GMT
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Post by Gem Girl on Oct 11, 2022 20:24:27 GMT
"All the former did for four years is watch tv and tweet. King of the morons!" Not entirely true, femalebusinessHe also stuffed his face, golfed, complained about how "unfairly" he was always being treated, spent the taxpayers money travelling to his bootlicker "rallies," and made me dread Fridays because he'd predictably end the week by humiliating our country. |
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Post by iamkristinl16 on Oct 11, 2022 23:08:37 GMT
This is so much like some members in my family who want to blame Biden for all of the ills of the worlds and rising prices of everything. So when I tell them, you know, those SAME things are incredibly expensive over on this side of the world too..... I just hear crickets. So, if Biden is to blame for inflation, pray tell, WHO is to blame for the inflation happening in so many other countries right now??? I do believe we are still feeling the aftershocks of Covid and how it basically shut down the world. I don’t live in so many other countries. Im not blaming biden for the ills of the rest of the world. I’m blaming him for the cost of everything I have to pay for here, in the country i live in. I don’t give two craps about WHO is to blame for inflation happening in so many other countries. His indiscriminate throwing of trillions of dollars around is why we are in such a high inflationary state right now. Here. In our country. You missed the point, which is that countries around the world are experiencing high levels of inflation as well. If he is not responsible for inflation worldwide, is it possible that he is not responsible for it here, either? |
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Post by cakediva on Oct 11, 2022 23:37:26 GMT
How is she unqualified? She was the DA of San Francisco before becoming the AG of the most populous state in the United States. She is smart and has stuff to learn. Will there be missteps. Absolutely because nobody is perfect. But for the most part I think she is doing a good job. In all seriousness what were trump’s qualifications to become president? I finally figured it out that people voted for him in the primaries against established much more qualified Republican candidates because he yelled “you’re fired” on a reality TV show. Which bled over into the general election. And instead of electing on of the most qualified individuals that had run for President in a very long time the voters elected a two bit reality show guy. I mean it certainly wasn’t because he was a successful businessman. You are not successful if your old man has to bail you out and you declare bankruptcy at least 4 times and have a history of not paying businesses that do work for you. And I have to say I was chuckling when I was pounding out my response and thinking about your belief VP Harris is embarrassing this country because I kept getting thoughts of how the last administration embarrassed this country. Over and over and over again. My bank account and ira was far larger with the last administration than it is now. As a business man Trump had this country humming. Gas prices were under $2.00 a gallon, unemployment was the lowest in decades and everyone had more money in the bank. In 2.5 years this current administration has us financially and politically in the shitter. I voted for Trump because I couldn’t imagine clinton as president. And the fact that he WASN’T a politician. She would have been a disaster. All politicians suck and are liars, cheats and are corrupt. Every single one on every single side. It was a matter of who I felt sucked the least and the business man won my vote. as for harris, she has accomplished absolutely nothing that she was assigned to do (the border? another disaster) but to make a fool of herself every time she is interviewed. It’s literally cringy to listen to her try to be coherent. How do you think she would do as a president? You think she is qualified for that?
She is smart and has stuff to learn. Will there be missteps. Absolutely because nobody is perfect. But for the most part I think she is doing a good job. Even you can’t endorse fully endorse her. This country would be in really deep shit if biden croaks. She’s completely unqualified for the job and she got it because she’s a woman. The left elected her because clinton lost. I have no dog in this fight - I’m Canadian. But holy shit do you seriously think the US is the only country in the world? The sun does not rise and set on the USA. EVERYBODY in every country is going through the same thing right now and it has NOTHING to do with Joe Biden or Donald Trump being president. NOTHING!!! DH’s rrsp is down, our gas prices are sky high, butter costs me more every time I buy it for my business. And I’m in Canada - my country is not run by your President. So explain to me how Biden and his administration has my investments in the shitter and my gas prices sky high? |
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Post by Scrapper100 on Oct 12, 2022 0:18:37 GMT
My bank account and ira was far larger with the last administration than it is now. As a business man Trump had this country humming. Gas prices were under $2.00 a gallon, unemployment was the lowest in decades and everyone had more money in the bank. In 2.5 years this current administration has us financially and politically in the shitter. I voted for Trump because I couldn’t imagine clinton as president. And the fact that he WASN’T a politician. She would have been a disaster. All politicians suck and are liars, cheats and are corrupt. Every single one on every single side. It was a matter of who I felt sucked the least and the business man won my vote. as for harris, she has accomplished absolutely nothing that she was assigned to do (the border? another disaster) but to make a fool of herself every time she is interviewed. It’s literally cringy to listen to her try to be coherent. How do you think she would do as a president? You think she is qualified for that?
She is smart and has stuff to learn. Will there be missteps. Absolutely because nobody is perfect. But for the most part I think she is doing a good job. Even you can’t endorse fully endorse her. This country would be in really deep shit if biden croaks. She’s completely unqualified for the job and she got it because she’s a woman. The left elected her because clinton lost. To answer your question if Kamala Harris should be president I wouldn’t have a problem with it at all. As to the economy you are crowing about under dumpster don, below is a recap of his achievements. The only thing I will add is shortly after Obama became president the unemployment rate reached 10+% by the time he left office the rate had fallen to 4.7%. The stock market started a steady climb as the Great Recession started to recede while Obama was still in office. trump did nothing but inherit an economy that was growing and had been for several years. How quickly some have forgotten that things started going downhill even before the pandemic. This shows just how much was going wrong even then. I am hoping to see someone younger running this next time. I don’t think many in this country are ready for a woman or even a gay man to run. Just look at how the right are focusing their efforts. I’m not saying I feel this way but I think enough would vote anyone but  |
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Post by sasha on Oct 13, 2022 13:24:06 GMT
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Post by crimsoncat05 on Oct 13, 2022 13:40:57 GMT
meaning he wonders if Beau's proximity to burn pits could have caused his cancer. He has said such things since 2018. He did not mean LITERALLY that Beau died in Iraq. jeezus people, give it a rest, and understand CONTEXT once in a while, for chrissakes. |
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Post by onelasttime on Oct 13, 2022 13:42:54 GMT
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Post by sasha on Oct 13, 2022 14:21:36 GMT
meaning he wonders if Beau's proximity to burn pits could have caused his cancer. He has said such things since 2018. He did not mean LITERALLY that Beau died in Iraq. jeezus people, give it a rest, and understand CONTEXT once in a while, for chrissakes. That isn't what he said in the video for chrissakes and no matter IF he thought that his son's cancer was linked to combat HE DID NOT DIE IN IRAQ. He died at Walter Reed hospital, not during combat. And the context of what he's speaking about is DYING DURING COMBAT. I voted for him, but goddamn, the way his every gaffe is defended is ridiculous. This is not a man who should run for a second term. And THAT is what I'm concerned about. |
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Post by iamkristinl16 on Oct 13, 2022 15:31:20 GMT
I don't think that saying his son lost his life in Iraq was the right wording, and don't know more about it than the article posted to know what he has said about it.
I don't think he will run again (how many people think he will?) so no need to focus on every little word or movement that he is making. Doing so feeds into the Maga base and diminishes the focus on real issue and getting things done. Although I wish he would not say anything that would make people question his cognitive abilities, I think his actions and overall job performance show that he is capable.
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Post by revirdsuba99 on Oct 13, 2022 15:41:08 GMT
Yet, the right believes the 'big lie'
The lies about stolen FEDERAL documents.
They still deny the ongoing threat to our democracy in progress by his hoards...
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Post by morecowbell on Oct 15, 2022 2:59:44 GMT
Yes, he does have a history of gaffes that are documented all way back to the 1980s which kind of defeats the notion that the ones he has done since he has been president means ‘he’s not all there” don’t you think? No, because now he's gaffes are worse and now he's in a position in power making it more dangerous. I mean, now we've got Macron saying he needs to be more prudent in what he's saying with the latest comments on nuclear war. And for the record since I know it's coming because God forbid I criticize someone I actually voted for (wouldn't it be nice if people would stop doing the "but the other guy" and be able to talk about the failings of the person we voted for?) Trumps sucks, I hate him, he's stupid, he's dangerous, he should be in jail. But Biden should NOT run again. It's funny how the current group throwing out the whataboutisms now, previously wouldn't tolerate that coming from the other side. They always employed a pile on take down of anyone on the right doing that. Even attacking people's mental health for doing so. Now, when it suits them to deflect (as they always labeled it) they suddenly see no problem with it. Funny how that works.🤔
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Post by morecowbell on Oct 15, 2022 3:02:20 GMT
Speaking of standing funny. Former has issues. Medical issues in that situation. He leans forward. With his arms hanging unnaturally forward. Bad posture is quite a bit different than standing trance-like with his hands holding an imaginary steering wheel while he's being interviewed. |
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Post by morecowbell on Oct 15, 2022 3:22:44 GMT
Camilla Harris is the most unqualified mistake of a vp this country has ever seen. As much as I hate biden, I hope nothing happens to him before his presidency is over. if she were president, china and russia would waltz right in and take over. I think you have a short term memory. Did you forget some of the dumb things Dan Quayle said? He couldn't count either. Here's just a sampling Dan Quayle Malapropisms
"Republicans understand the importance of bondage between a mother and child."
"One word sums up probably the responsibility of any vice president, and that one word is 'to be prepared.'"
"When I have been asked during these last weeks who caused the riots and the killing in L.A., my answer has been direct and simple: Who is to blame for the riots? The rioters are to blame. Who is to blame for the killings? The killers are to blame."
"Illegitimacy is something we should talk about in terms of not having it."
"You all look like happy campers to me. Happy campers you are, happy campers you have been, and, as far as I am concerned, happy campers you will always be."
—in a speech to American Samoans
Education
"What a waste it is to lose one's mind. Or not to have a mind is being very wasteful. How true that is."
"We're going to have the best-educated American people in the world."
"Add one little bit on the end...Think of 'potato,' how's it spelled? You're right phonetically, but what else...? There ya' go...all right!"
—"correcting" a student's correct spelling of the word "potato" during a spelling bee at an elementary school (he told the student to add an "e" at the end)
"Quite frankly, teachers are the only profession that teaches our children."
On Space
"Mars is essentially in the same orbit...Mars is somewhat the same distance from the Sun, which is very important. We have seen pictures where there are canals, we believe, and water. If there is water, that means there is oxygen. If oxygen, that means we can breathe."
"For NASA, space is still a high priority."
"[It's] time for the human race to enter the solar system."
"We are leaders of the world of the space program. We have been the leaders of the world of our...of the space program and we're not going to continue where we're going to go, notwithstanding the Soviet Union's demise and collapse—the former Soviet Union—we now have independent republics which used to be called the Soviet Union. Space is the next frontier to be explored. And we're going to explore. Think of all the things we rely upon in space today: communications from...Japan, detection of potential ballistic missile attacks. Ballistic missiles are still here. Other nations do have ballistic missiles. How do you think we were able to detect some of the Scud missiles and things like that? Space, reconnaissance, weather, communications—you name it. We use space a lot today."
On History
"The Holocaust was an obscene period in our nation's history. I mean in this century's history. But we all lived in this century. I didn't live in this century."
"People that are really very weird can get into sensitive positions and have a tremendous impact on history."
On the Future
"I believe we are on an irreversible trend toward more freedom and democracy—but that could change."
"I have made good judgments in the past. I have made good judgments in the future."
"The future will be better tomorrow."
"We are ready for any unforeseen event that may or may not occur."
With Geography
"We have a firm commitment to NATO. We are a part of NATO. We have a firm commitment to Europe. We are a part of Europe."
"I love California. I practically grew up in Phoenix."
"It's wonderful to be here in the great state of Chicago."
And Finally...
"The American people would not want to know of any misquotes that Dan Quayle may or may not make."
"I stand by all my misstatements."Dan Quayle is not running the country. How the hell does someone in office 30 years ago fix the current situation of the one running the country right now? |
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Post by revirdsuba99 on Oct 15, 2022 3:32:32 GMT
I’d prefer Biden not to run again. That said, if he is the only candidate that moderate Republicans or Independents will vote for in a race against a Trump (any Trump) or another loon like DeSantis, I will vote for him in the primary and election. Hillary is currently 74, so I don't understand why she somehow is exempt from your age concerns. Hillary, was by far my first choice back when she ran against Obama in the primaries and then, of course, when she ran against Trump. I don't think that Clinton should run again because has proven that the American public will vote for a sleazy television star above someone with actual qualifications and experience if the inexperienced traitorous sleazeball has a penis at this point in time. She absolutely will not be able to defeat any POS the GOP puts up, even if she is exponentially more qualified and better able to lead the country than whomever they put up. The crap that my GOP friends spew about Harris is straight out of a misogynistic playbook - it is even worse than during the election. I don't know if I could stomach the white supremacist sexist GOP rants if Clinton or Harris were to run in 2024 (of course I would, and would support the candidate, but I think that America would elect a gay male, like Buttigieg, before a woman, which is depressing as f&ck). Camilla Harris is the most unqualified mistake of a vp this country has ever seen. As much as I hate biden, I hope nothing happens to him before his presidency is over. if she were president, china and russia would waltz right in and take over. That's not just a spelling error. It is totally disrespectful. |
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Post by morecowbell on Oct 15, 2022 3:33:54 GMT
This is so much like some members in my family who want to blame Biden for all of the ills of the worlds and rising prices of everything. So when I tell them, you know, those SAME things are incredibly expensive over on this side of the world too..... I just hear crickets. So, if Biden is to blame for inflation, pray tell, WHO is to blame for the inflation happening in so many other countries right now??? I do believe we are still feeling the aftershocks of Covid and how it basically shut down the world. Yes, inflation is happening all over, but that doesn't excuse the additional problems created here by Biden. As smasonnc said: |
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Post by sideways on Oct 15, 2022 3:39:20 GMT
Camilla Harris is the most unqualified mistake of a vp this country has ever seen. As much as I hate biden, I hope nothing happens to him before his presidency is over. if she were president, china and russia would waltz right in and take over. That's not just a spelling error. It is totally disrespectful. Consider the source. I’m sure when she does laundry in the summer, she dries her hood outside on the line where everyone can see it. She has no shame. |
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Post by onelasttime on Oct 16, 2022 0:05:46 GMT
This is so much like some members in my family who want to blame Biden for all of the ills of the worlds and rising prices of everything. So when I tell them, you know, those SAME things are incredibly expensive over on this side of the world too..... I just hear crickets. So, if Biden is to blame for inflation, pray tell, WHO is to blame for the inflation happening in so many other countries right now??? I do believe we are still feeling the aftershocks of Covid and how it basically shut down the world. Yes, inflation is happening all over, but that doesn't excuse the additional problems created here by Biden. As smasonnc said: According to several experts there is more to the story and retired financial writer only touched on a small part. From FactCheck.org. link“ Stimulus Spending a Factor, But Far From Whole Story on Inflation” From the article… “The San Francisco Federal Reserve report echoes that 3 percentage points estimate, but it comes with caveats. The March 28 report said that figure may have been the impact from fiscal support by the fourth quarter of 2021, but noted the estimate comes with “considerable uncertainty because the available sample is too short for any greater precision.” Plus, it said there may have been worse economic outcomes without the spending. “ However, without these spending measures, the economy might have tipped into outright deflation and slower economic growth, the consequences of which would have been harder to manage,” the authors wrote.Edelberg, too, said the law had positive economic effects. “When people say the American Rescue Plan has been to blame for inflation,” she said, “what’s their counterfactual?” If they say it shouldn’t have been quite as big — “well, absolutely.” But if the counterfactual is that nothing should’ve been done, that would mean we would be in a weaker economy. Inflation would be lower, “but I don’t like that world.” |
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