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[–] • 1 pt

I'm curious why inflation is driving so much sticker shock for consumers. When money printer goes brrr, prices go up. You then hike the prices for your labor commensurately.

Either directly (self-employed or demanding a raise) or by changing your work (new field, new employer, etc).

Do people just sit on their lazy butts and do nothing in the face of massive inflation?

[–] • 0 pt

The government has taken care of that for a while, and schools certainly don’t teach basic economics anymore.

[–] • 1 pt

I’ve been monitoring the “Final Meltdown” for a decade and a half. Anybody anticipating a hard, fast collapse is in for a disappointment. It will be a slow decline like stepping into a tar pit.

[–] • 1 pt

Yep. It's a slow burn consuming all the fuel. Normally not a problem because more fuel is added keeping the burn going, but we're slowly running out.

[–] • 0 pt

So...like Japan?

[–] • 2 pts

Potentially. The idea is to slowly ensnare as many people, draining away their wealth effectively, but subtly.

[–] • 1 pt

I have a suspicion we'll see continuing bifurcation in the labor market where highly competent people (the Dagny Taggarts of the world) will rake in massive wages due to the Boomers paying through the nose for someone to keep the lights on, even if that's double the wage YOY. While the less competent majority will get 2% raises, 20% inflation, and whine for socialism to "save" them.