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re: After Trump is elected and everything doesn't magically cost what it did in 2019
Posted on 3/2/24 at 9:27 am to Violent Hip Swivel
Posted on 3/2/24 at 9:27 am to Violent Hip Swivel
Costs rarely go back down once prices are raised unless it’s a commodity like fuel.
Best you can hope for is Trumps economy grows and wages catch up to inflation as inflation slows. But you’re not going to see a deflationary economy (which would actually be bad)
Best you can hope for is Trumps economy grows and wages catch up to inflation as inflation slows. But you’re not going to see a deflationary economy (which would actually be bad)
1
Posted on 3/2/24 at 11:08 am to deltaland
quote:
Best you can hope for is Trumps economy grows and wages catch up to inflation as inflation slows. But you’re not going to see a deflationary economy (which would actually be bad)
It's depressing that more people don't understand these things. I suppose it's easier to blame some faraway federal government if your standard of living has dropped, but if your wages aren't at least keeping up with inflation that's on you and your employer.
Your boss is not a "victim" of inflation who gets to use it as an excuse for employee belt-tightening. That's backwards thinking. Your wage is a price, and it's subject to inflation.
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