Jump to content

CitizenVectron

Members
  • Posts

    33,901
  • Joined

  • Last visited

  • Days Won

    130

Posts posted by CitizenVectron

  1. 30 minutes ago, SFLUFAN said:

    From ShadowStats:

     

    CPI-U if computed using the same measurements as 1990:

    alt-cpi-home2.gif?hl=ad&t=1531409094

     

    CPI-U if computed using the same measurements as 1980:

    sgs-cpi.gif?hl=ad&t=1531409094

     

    From my understanding (which could be incorrect), aren't a lot of standard costs not included in inflation calculations, like fuel costs and rent? Both of those have been increasing at much higher rates over the past few decades than other costs, which could explain the gap between the modern measurements and the old ones. All I know is that the government always says that inflation is 2 or 3%, yet in reality most people's costs are going up at a much higher rate, year-to-year.

  2. http://www.latimes.com/business/hiltzik/la-fi-hiltzik-employment-20180710-story.html

     

    Quote

    “America’s labor shortage is approaching epidemic proportions,” reported CNBC, “and it could be employers who end up paying.” Well, yes. That’s how things are supposed to work: Businesses pay more to attract workers in a tighter, more competitive market for labor

     

    Quote

    The rhetoric coming out of the employer lobby would leave one to believe that workers are somehow the guilty party in this — they simply won’t accept jobs that pay them less than they’re worth.


    The underlying cause of the “labor shortage” is hiding in plain sight. It’s the long-term trend of funneling the gains from labor productivity not to the workforce, but to shareholders. As with any addiction, this process produces short-term euphoria, reflected in share prices, but long-term pathology, reflected in income inequality, poverty and social unrest.

     

    Well duh.

  3. 2 minutes ago, Jose said:

    The value of points is massive, though. You are really missing out if you dont have a credit card these days, especially if you like to travel.

     

    That's the one thing that Canada really lacks. We do have points on our cards, but the rewards are typically 1/2 or less than comparable American cards. Still 100% worth it, though. I don't bother with the travel ones though, I use for gas points and gift cards. Flights in Canada are 2 or 3x the cost of the US (little competition, and there used to be a government airline that was privatized and since then prices have shot up), so people don't travel as much here, lol.

×
×
  • Create New...