• ameancow@lemmy.world
    link
    fedilink
    English
    arrow-up
    4
    ·
    edit-2
    6 hours ago

    This is also going to start some knees to jerking, but he’s also technically correct that inflation specifically hasn’t been that bad, if you actually look at inflation rates it’s not particularly worse than what we’ve had in other decades, the 90’s which we associate with a bountiful economy had higher inflation rates for a longer period of time.

    What’s making all of this untenable is companies doing everything they can to avoid paying livable wages and most of all price gouging. Which they’re doing with eggs for good reason, but we also have to understand that anything that uses poultry is also going to take a hit, and then, like magic, a variety of other companies and services use these specific gouges as a justification to raise their own prices beyond inflation levels, even if they sell things that have never touched a chicken, like fucking mortgages and medical care.

    We used to have bureaus and departments to keep this kind of thing in check. You can argue their effectiveness but at least we had them.