Wages Are Dampening Inflation Not Adding To It

[skews13]

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.



“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity. The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.“You don’t become a low inflation country with high wage inflation and wage inflation is looking...

www.rawstory.com

 

[C_Clayton_Jones]

“Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

[…]

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

[…]

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

[…]

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.” ibid

True – despite what many politicians might claim.

 

[Papageorgio]

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.



“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity. The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.“You don’t become a low inflation country with high wage inflation and wage inflation is looking...

www.rawstory.com

I don’t disagree as wages are now way behind inflation and the American working class is now in a tighter pinch than in 2019. The problem is the working American is the first to pay for the inflation and that matters not who is in power, the working American gets hosed first.

 

[Oldestyle]

“Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

[…]

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

[…]

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

[…]

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.” ibid

True – despite what many politicians might claim.

The Center for American Progress says that, Clayton? That is a SHOCK! Falls off of my chair with convulsive laughter!

 

[Toddsterpatriot]

“Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

[…]

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

[…]

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

[…]

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.” ibid

True – despite what many politicians might claim.

Bidenflation..........gonna be ugly for the Dems.

 

[initforme]

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.



“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity. The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.“You don’t become a low inflation country with high wage inflation and wage inflation is looking...

www.rawstory.com

Workers demanding higher wages cannot possibly ever contribute to inflation. Neither does stimulus money.

 

[Blaster]

I don’t disagree as wages are now way behind inflation and the American working class is now in a tighter pinch than in 2019. The problem is the working American is the first to pay for the inflation and that matters not who is in power, the working American gets hosed first.

Senior citizens are suffering the most.

 

[initforme]

The notion we don't have enough workers is hogwash.

 

[Captain Caveman]

“Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

[…]

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

[…]

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

[…]

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.” ibid

True – despite what many politicians might claim.

Demand and spending both cause inflation. A sudden increase in demand pushes up inflation. Spending power increases inflation. Increasing interest rates tends to reduce spending power, thus lowering inflation. That's a tried and tested solution for decades, but for some reason, the US government believes increasing spending will have the same effect.

 

[longly]

Demand and spending both cause inflation. A sudden increase in demand pushes up inflation. Spending power increases inflation. Increasing interest rates tends to reduce spending power, thus lowering inflation. That's a tried and tested solution for decades, but for some reason, the US government believes increasing spending will have the same effect.

Thank God somebody knows something about economics; apparently, Joe Biden knows nothing. His level of stupidity is unbelievable. If he had acted early on, we could have avoided it. Philosophically he's a thief. His incompetence has stolen millions of dollars from millions of people. It's almost criminal. It is a good thing for him that it's not impeachable.

 

[initforme]

There was no increase in demand.

 

[Captain Caveman]

There was no increase in demand.

Demand increased due to coming out of COVID. The supply chain and manufacturers were severely hampered by the shut downs, so demand totally outstripped supply. Then the war in Ukraine added fuel to the fire.

As economies roll on, governments can tweak and steer them by fiscal and monetary policies as problems occur. So if demand is high, which in turn drives up inflation, you need to reduce the spending power of people to lower demand. That's been tried and tested for decades. Why would you reduce your prices if people are given money that keeps demand high? Surely you would increase your prices?

This is why to Lefties, things look fantastic on paper, but in reality, they're clueless about basic economics.

 

[CrusaderFrank]

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.



“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity. The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.“You don’t become a low inflation country with high wage inflation and wage inflation is looking...

www.rawstory.com

Government printing presses caused inflation

 

[initforme]

Government printing presses caused inflation

Stimulus money caused inflation? Not a chance.

 

[CrusaderFrank]

Stimulus money caused inflation? Not a chance.

Was that sarcasm??

 

[initforme]

Was that sarcasm??

No.

 

[CrusaderFrank]

No.

So, you're just wrong.

What caused it, Putin?

 

[jbrownson0831]

“Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

[…]

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

[…]

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

[…]

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.” ibid

True – despite what many politicians might claim.

I think lazy Dimmers account for the majority of unfilled jobs.

 

[Oddball]

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.



“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity. The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.“You don’t become a low inflation country with high wage inflation and wage inflation is looking...

www.rawstory.com

Raw Sewage.....GIGO.

 

[Oddball]

Stimulus money caused inflation? Not a chance.

The most economically illiterate horseshit on this thread, that isn't the OP.