1026 replies to this topic

[Mike K.]

Eggsactly.

[Barrrister]

The yolk is on you since they are about to take your nest.

[Stephen James]

Payroll stress will drive this for a while:

• We have wage inflation for the first time in ... ?
• We have a record number of open positions in N America and more coming.
• We are near-shoring critical manufacturing, back from cheapest labour to cheaper labour.
• There's a job fair in Victoria tomorrow the likes of which I've never seen here.

 

Interest rates are not going down soon.

[dasmo]

Wage inflation is the only path towards us having affordable housing again. They are fighting wage inflation and have stated this. They are fighting us.

[spanky123]

Wage inflation is the only path towards us having affordable housing again. They are fighting wage inflation and have stated this. They are fighting us.

How you figure, rents and housing prices are still going to increase faster than wages!

[dasmo]

Wages have been flat a loooong time. They need to go up. The only way house prices have ever become affordable after not is through wage inflation or cost of borrowing. Houses never really go down much in nominal dollars… My first house cost $3500 to build in 1933. Im pretty sure it won’t be going there again anytime soon….

[dasmo]

But the Davos club doesn’t want that. It seems their aim is to bring down the middle class so we are all more equal.

[dasmo]

I will be raising my rates again. I am also paying people more money. Everyone should do this and ask for a raise. 

[Nparker]

...My first house cost $3500 to build in 1933...

You're a lot older than I thought dasmo. 

[LJ]

 

And Kroger and Safeway want to merge...

[LJ]

Dairy just went up 2-6%. Typically they only raise prices once per year, the last few years it’s been twice. Chicken is way up as well. Welcome to $9 pounds of butter and $10 jugs of milk.

In the US, I just bought a half gallon of milk for $1.27.

[dasmo]

You're a lot older than I thought dasmo.

Hehe. I got to talk to the son of the builder one day!

[Nparker]

...I got to talk to the son of the builder one day!

He must be quite the S.O.B. 

[Matt R.]

I will be raising my rates again. I am also paying people more money. Everyone should do this and ask for a raise.

It’s become like a game now. What a time to be alive.

[dasmo]

He must be quite the S.O.B.

He was talking about his mother as the builder so maybe 😁

[Mike K.]

Under inflationary times during communism, you’d go to the store and the price would change from one day to the next, so you panic bought what you could, for it may be priced much higher tomorrow.

We are seeing that now here, of course not as pronounced or dire, but items are rising in cost on a daily basis, or at least between regular store visits.

The obvious first sector that will feel the erosion of discretionary spending will be restaurants and luxury services, like spas and entertainment.

[Victoria Watcher]

Can anyone that is better at economic theory than I explain the "root cause" for this inflation?

 

If wages are not rising too fast, is productivity down?

 

And if high interest rates are the solution to inflation, why did 10 years of low interest rates have low inflation until 2022?

[Mike K.]

Efficiency per worker is up.

We’ve only had a year to hear an explanation from the experts. Their verdict now is that businesses have to stop raising prices.

[dasmo]

No. They need to stop making more money for nothing and raising taxes.

[Mike K.]

Loblaws just posted a $529M profit for the last quarter from across its diverse portfolio of companies.

That’s not a lot. Split out the grocery business, and it’s less profit per customer over one quarter than what an average persons tips at restaurants, bars and coffee shops over the same period. Way, waaaaaay less.

So while we begrudge Loblaws (Jagmeet Singh’s favourite target are these large corporations), we don’t consider how small of an individual profit is made from each customer over three months.