Really glad the president of the USA finally decided to pull the lower inflation lever in the oval office.
this post was submitted on 10 Oct 2024
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It's a knob, dumbass
My apologies
Really glad the ~~president~~ knob of the USA finally decided to pull the lower inflation lever in the oval office.
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(1 replies)
It's right next to the gas price slider. Duh.
It's right next to the Gas Price Dial on the Resolute desk.
Now pay me more and we're good.
Why are you asking Lemmy? Wage growth has been outpacing inflation. You should be getting on that train yourself if you want it.
I'm a teacher. Don't come at me with that.
Then your union is negotiating it if they’re of any value. All the teachers unions around me negotiated 14-25% raises over 3 years over the last few years. If you’re a younger teacher you should look to job hop though. If you’re tenured you’re sorta stuck. In my area there’s three districts of the like 40~ I always push people that are new to end up in as once tenured in them you’ll earn well over 6 figures, even at the elementary level.
Source: former education and still friends with my teacher colleagues.
The union is currently negotiating. It's a strong union. I'm in year 5. I've been looking around, but my position is highly sought after (PE Teacher) and the good positions go to people with much more experience. Also, I like where I'm at. It's a low income area. The parents and admin let me do my thing.
Low income is also better in uncertain budget times as Title 1 funds make sure they have both fed and state funds. Here in Cali our property taxes mean that the schools in poor areas are the most well funded and the schools in rich older areas are the least well funded. Just with variations on what “rich” means here too.
If you have a state pension system too don’t forget to look into how that works for your district. There are some in my area that actually don’t pay the full percentage so teachers have a worse retirement than if they went to a different district with slightly less pay. So it’s all about the long game.
I saw this when I opened Edge for work this morning. Two worlds in one picture.
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That's still 2.4% on top of the cumulated inflation of the past 5 years...
You misspelled price gouging.
Sure. But inflation is down, we didn't go into a recession, and wage growth has been outpacing inflation for over a year now.
This is good, we're going in the right direction. Deflation would be way worse.
We should raise the minimum wage until it is commensurate with the price gouging. All at once, since none of the corporations eased us into higher prices.
But we have zero parties in this country that are willing to raise the minimum wage at the national level.
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Yeah but unfortunately that's never going to change. Inflation is the rate of increase and they always want a rate of increase, just at 2%.
It's never going to go negative because growth for the growth gods!! :(
Line must go up.
Actually, it will never go negative (I hope) because if it goes negative we're probably in for a massive global recession that will introduce untold suffering.
You think they aim for 2% because that's what's good for rich people? 2% is the magic number for the whole economy.
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You want a deflationary environment? Are you sure?
That's what you got from my one line comment?
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Food prices are still up twenty to forty percent.
That's great the prices aren't going up more. Now go get all of these companies that are price gouging. It's good to protect people from it during natural disasters but unfortunate the government didn't consider COVID a natural disaster.
Oh they are still going up, just not as much.
While this is good news, remember that this means that prices are still increasing due to inflation, just at a slower rate now. It does NOT mean that inflation has been reversed.
Not sure why there are down votes here. It's an important fact to remember that inflation "falling" doesn't mean the cost of living is going down.
Whether reversing inflation is good or not isn't their point. The point is, living is still more expensive than last year and your wage hasn't been keeping up since the 70s.
Probably because most people are too lazy to explain that deflation is a bad thing and incredibly hard to get unstuck. The "ideal" scenario is one where inflation stays low and wages outpace it. A small amount of inflation is a way to stop billionaires from sitting on piles of cash. At least with inflation they're incentivized to spend it on investments, some of which are good for the economy.
Waiting to see the creative ideas Republicans come up with to try to tank it before November
Economy still sucks.
Oh that's wonderful, because as we all know inflation is the only reason for the increasing prices...right? There couldn't be any other contributing factors?
I started eating salads in August. I eat the packaged ones from King Soopers.
They’ve gone from $2.99 to $3.69 in that time. Since August.
I don’t believe anyone who says inflation is 2.4%. I just don’t believe it.
The trick with inflation calculations is that they're tied to a specific basket of wholesale goods. So each individual ingredient in that bagged salad may not have gone up more than 2.4%. But the grocery store's corporate accountants have decided they can increase their margins with a 23% price hike.
That's not inflation, it's greedflation. And while we see wholesale prices remain low, we're watching profits soar.
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Inflation tracks the value of currency. Grocery store prices track how much corporations can charge you, imagine how bad it would be if the Krogers Albertson Merger wasn't stopped by the Biden Administration.
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Packaged salads have an insane markup on them, if you do them yoursef you can save more than inflation ;)
Haters will say it’s because of the election coming up
Yay people got fucked over bad, but they can take a water break before resuming the ass railing.
Too bad it's not on food prices
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