Supply is getting better

[ljjhouser]

And ... even though wage inflation will create an ever-growing gap ... wages will never actually keep up with inflation - therefore, everyone also gets poorer.

Is inflation important? This post above gives the unpleasant reality. Everyone gets poorer. Standards of living CHANGES. Give me a check for $600 for free. But the resulting inflation will cost me much more.

When inflation gets out of hand, SS check will still come. It is just that they will not buy very much. I think we might say that today. Many cannot live on that, but many depend on what that money can actually buy.

I was amazed to find this year that 7/16 OSB cost $19.99 a sheet. That is a perfect example of what inflation looks like.

 

[Fixastuff]

@Torvy hasn't US workers productivity been going up for years/maybe decades without a corresponding increase in pay?

 

[Torvy]

@Torvy hasn't US workers productivity been going up for years/maybe decades without a corresponding increase in pay?

No, pay has been going up. What has not gone up is the federal minimum wage. Turns out, they are not needed as supply and demand drives wages beyond the minimums.

Office of the Chief Actuary -- Home Page

Office of Chief Actuary Home Page

www.ssa.gov

 

[ljjhouser]

According to the Florida Apartment Association, the average monthly rent in the Jacksonville area went from $1,125 in 2020 to $1,411 in 2022.

And that is inflated 20.3 % in one year. The number doesn't mean much on the street, but a $286 increase takes on real meaning. It makes people think they need MORE gov. money. But they really need more productive income and less inflation.

 

[Fixastuff]

No, pay has been going up. What has not gone up is the federal minimum wage. Turns out, they are not needed as supply and demand drives wages beyond the minimums.

Office of the Chief Actuary -- Home Page

Office of Chief Actuary Home Page

www.ssa.gov

But not at the same rate as productivity? or are graphs such as these wrong?

 

[Steppenwolfe]

From news 4jax:

According to the Florida Apartment Association, the average monthly rent in the Jacksonville area went from $1,125 in 2020 to $1,411 in 2022.

Did someone actually say there is great news concerning the economy? Haha.

The article sought to demonize landlords for raising wages. Remember let’s not bring up certain political parties who support these ideologies as that would be against forum policy.

Then don't mention it... But then, that wouldn't fit the rhetoric... would it?

 

[Texasmark]

I would say there is still supply struggles going on. I just canceled my kubota order because I couldn’t keep waiting for a dang loader to show up for a lx2610. I decided to go JD they were able to get me what I wanted.

A JD loader for a Kubota or the whole shebang...tractor and loader?

 

[Tinhack]

Maybe the landlords are simply trying to recoup the losses they incurred last year. As I recall, evictions for non-payment of rent were halted until just recently. You can always make it sound bad but some people make a living off rent.

 

[Texasmark]

There's going to be shortages until we beat covid globally. People who are sick or dead can't go to their factory jobs to make stuff. They can't drive trucks or crew ships either.

Don't expect it to go away. Too many people making money off it.

 

[Texasmark]

Just released
December ‘21 inflation 7% to December ‘20. No way wages will keep up with that.

Thats for the ill informed. Real is what ever the traffic will/can bear. Seen it in too many products and the supply line bottle neck may last too as it helps to support higher prices that folks will pay to get what they are used to getting......like oil for diesel tractors and such...empty shelves everywhere you look! Course the N. Dallas to the Red River corridor has lost its mind in expanding...construction going on everywhere.....that's a lot of C rated oil needing changing...maybe that's a big part of it....who knows?