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Inflation’s silver lining

hardhat
hardhat Member Posts: 8,344
in Tug Tavern


Could probably come up with more of these. CNBC doesn't realize they've become the Babylon Bee.
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  • Goduckies
    Goduckies Member Posts: 7,989 Standard Supporter
    Wtf
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  • Goduckies
    Goduckies Member Posts: 7,989 Standard Supporter
    And no just because there is inflation doesn't mean salaries are raised. Wow
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  • Bendintheriver
    Bendintheriver Member Posts: 7,042 Standard Supporter
    Umm, cnbc, just the opposite happens. Inflation is a net loss for the consumer. Even if the middle class got a 10% raise, it will not put them in a better situation when there is rampant inflation. It would still be a loss.

    Hey, cnbc, leave the maff and economics to the adults in the room.
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,716 Founders Club
    Goduckies said:

    And no just because there is inflation doesn't mean salaries are raised. Wow

    Basically true, unless you’re a government worker.

    On the flip, going through this all now in salary planning. I’ll probably give out 5.9% or so raises to even the worst employees. The good ones need to get more as I want them to stay long term. The bad/average ones will get the
    because I only want the to stay short term to keep the good employees from losing moral. Once the unemployment part picks up ( it’s going to), then you ca replace bad workers with good ones at reasonable rates. The cost to attract good talent to switch companies is really high right now.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,114 Standard Supporter
    edited October 2021
    Bob_C said:

    Goduckies said:

    And no just because there is inflation doesn't mean salaries are raised. Wow

    Basically true, unless you’re a government worker.

    On the flip, going through this all now in salary planning. I’ll probably give out 5.9% or so raises to even the worst employees. The good ones need to get more as I want them to stay long term. The bad/average ones will get the
    because I only want the to stay short term to keep the good employees from losing moral. Once the unemployment part picks up ( it’s going to), then you ca replace bad workers with good ones at reasonable rates. The cost to attract good talent to switch companies is really high right now.
    Mrs. Throbber v2.0 scolded me for giving away my secret sauce.

    Everybody gets a 20% bump on fees going forward. The Throbber would like to continue the tradition of sex with the wife every few days weekly monthly annual blow job.
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  • thechatch
    thechatch Member Posts: 7,268 Standard Supporter
    Lol did they really print that?
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  • alumni94
    alumni94 Member Posts: 4,871
    I just got a raise and inflation and taxes was one of the reasons for the raise. The other being turnover.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,091 Founders Club
    SS is going up 5.9%

    Inflation in Riverside County is 6.5%

    #winning
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  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter
    hardhat said:



    Could probably come up with more of these. CNBC doesn't realize they've become the Babylon Bee.
    CNBC doesn't understand basic economics. The "raises" only keep pace with the status quo based on the cost of living increases. You need more money because the shit you buy went up in price. Most people will be sliding back the other way, falling further behind under a Democratic Administration. R's could sweep both houses and the Prez in '24 if they can only stop the cheating by Dems.
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,716 Founders Club
    TurdBomber said:

    hardhat said:



    Could probably come up with more of these. CNBC doesn't realize they've become the Babylon Bee.
    CNBC doesn't understand basic economics. The "raises" only keep pace with the status quo based on the cost of living increases. You need more money because the shit you buy went up in price. Most people will be sliding back the other way, falling further behind under a Democratic Administration. R's could sweep both houses and the Prez in '24 if they can only stop the cheating by Dems.
    The wage growth will be temporary. Then followed by big long lasting cuts in jobs, shitty workers will be replaced with food workers at the shitty worker 2022 rates. But the price increases are permanent. We really had our chance in 2008-2009 to actually deflate the debt bubble and let the bonds go busy.
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  • Sledog
    Sledog Member Posts: 37,832 Standard Supporter
    Don't forget 2.5 million illegals needing lawns to mow!
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  • TurdBomber
    TurdBomber Member Posts: 20,041 Standard Supporter
    Sledog said:

    Don't forget 2.5 million illegals needing lawns to mow!

    Green lawns consumed too much water, we were told when we had a border.

    Not anymore. Not with all those future Democratic voters streaming across the border.

    Drought? What Drought?
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