Justin Timberlake and Inflation

[Robert Urbanek]

In the 2011 movie In Time, citizens accumulate time, not money to spend, in values that are recorded on a clock in their arms. Run out of your time and you die. Naturally, an elite has accumulated most of the time while those living in ghettos may only have enough time to get through the next day.

Justin Timberlake portrays the hero who robs a time bank to give time credits to the poor. But soon after, all the prices are increased to recapture the time redistributed to the underclass.

Are we living “In Time”, when the “system” colludes against the lower classes by raising prices to compensate for any advantage the workers may temporarily achieve? For a while, with the labor shortage, it seemed that workers had the upper hand in demanding higher pay and better working conditions.

True, most of the recent inflation can be attributed to COVID supply chain issues and the war in Ukraine. But how much of the inflation is really price fixing by powerful interests?

 

[Slade3200]

In the 2011 movie In Time, citizens accumulate time, not money to spend, in values that are recorded on a clock in their arms. Run out of your time and you die. Naturally, an elite has accumulated most of the time while those living in ghettos may only have enough time to get through the next day.

Justin Timberlake portrays the hero who robs a time bank to give time credits to the poor. But soon after, all the prices are increased to recapture the time redistributed to the underclass.

Are we living “In Time”, when the “system” colludes against the lower classes by raising prices to compensate for any advantage the workers may temporarily achieve? For a while, with the labor shortage, it seemed that workers had the upper hand in demanding higher pay and better working conditions.

True, most of the recent inflation can be attributed to COVID supply chain issues and the war in Ukraine. But how much of the inflation is really price fixing by powerful interests?

Its absolutely companies trying to maintain margins and passing increased costs and accrued losses onto the public. I can't say I blame them as thats what any business person would do. It is causing a very complicated problem though, gonna be really tough to climb out of. In Time was a great flick

 

[task0778]

True, most of the recent inflation can be attributed to COVID supply chain issues and the war in Ukraine

Not so. Most of the recent inflation can be attributed to way too much gov't spending that did little to boost economic growth. Too much money was in circulation and not enough goods and services, Biden's war on fossil fuels was not helpful either.

But how much of the inflation is really price fixing by powerful interests?

None, IMHO.

 

[initforme]

What will help greatly is people working but are eligible to retire, retiring in droves. We have a surus if workers to replace them.