Row 20437

Row ID: 20437 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 20437 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I'm glad you THINK that wages should reflect productivity, but they haven't for almost 40 years now so I'm not sure what leads you to this conclusion.

You can directly increase purchasing power with wages. It is not 1:1, as some of it does get passed to inflation, and there's some slippage from the increased demand, but it DOES lead to increase purchasing power by necessity.

Contrast that with your claim about inflation. We can't increase wages because that will just lead to higher prices. Except higher prices are already here, and so are higher wages. The toothpaste doesn't go back in the tube until someone eats the price increase.

Allowing prices to continue in this direction (just keep building supply) means you're already conceding that **some** inflation will take place.

If you just build no matter the price and let the supply side inflate prices ad infinitum, you end up with a bubble where real estate is priced like the stock market. Completely divorced from the reality of the cost of the underlying assets.

And ANY amount of inflation is necessarily going to mean a loss in purchasing power unless you extend equal/opposite support to the demand side.

This isn't even a complex example of supply/demand so I'm not sure what is tripping you up.

Products are more accurately priced when a good gets to the end consumer with fewer exchange of hands.

FieldValue
text I'm glad you THINK that wages should reflect productivity, but they haven't for almost 40 years now so I'm not sure what leads you to this conclusion.  You can directly increase purchasing power with wages. It is not 1:1, as some of it does get passed to inflation, and there's some slippage from the increased demand, but it DOES lead to increase purchasing power by necessity. Contrast that with your claim about inflation. We can't increase wages because that will just lead to higher prices. …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-21
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Raw Record

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  "text": "I'm glad you THINK that wages should reflect productivity, but they haven't for almost 40 years now so I'm not sure what leads you to this conclusion. \n\n\nYou can directly increase purchasing power with wages. It is not 1:1, as some of it does get passed to inflation, and there's some slippage from the increased demand, but it DOES lead to increase purchasing power by necessity.\n\n\nContrast that with your claim about inflation. We can't increase wages because that will just lead to higher prices. Except higher prices are already here, and so are higher wages. The toothpaste doesn't go back in the tube until someone eats the price increase.\n\n\nAllowing prices to continue in this direction (just keep building supply) means you're already conceding that **some** inflation will take place.\n\n\nIf you just build no matter the price and let the supply side inflate prices ad infinitum, you end up with a bubble where real estate is priced like the stock market. Completely divorced from the reality of the cost of the underlying assets.\n\n\nAnd ANY amount of inflation is necessarily going to mean a loss in purchasing power unless you extend equal/opposite support to the demand side.\n\n\nThis isn't even a complex example of supply/demand so I'm not sure what is tripping you up.\n\n\nProducts are more accurately priced when a good gets to the end consumer with fewer exchange of hands.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-21",
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