Since working class people typically pay their debts off an income it wouldn’t be much of a problem.
If they have to take a pay cut because “prices are lower you don’t need to be paid as much” it would be a a problem. Also the price of houses go down. Congrats you owe more than your house is worth. You still gotta pay off that upside down mortgage tho!
because any inflation or deflation is means for an employer to trim the wages they pay.
Yup. But with the deflation you get the added bonus of the value of the money you owe increasing. Upside down mortgages, bankruptcy, foreclosures, people gotta find a new place to live, fun times for everyone!
See there’s a reason a slow and steady inflation is the norm. It’s super bad to have the money you owe increase in value. But a war in the part of the world where most of the grain is produced caused grocery prices to go up a lot and drove inflation way higher than normal. But inflation is under control now. But unfortunately the inflation that already happened can’t really be reversed. Get your boss to give you a raise, join a union if you have to. Unlike nearly every time in history when this kind of thing has happened there isn’t a recession following a bout of inflation, which is pretty much unheard of. Biden stuck the soft landing.
Also deflation increases the value of money for the wealthy. Why does the socialist crowd want deflation which increases the value of wealth for those who have it? Right, because they’re too busy cosplaying as socialists they don’t care enough about the real world economic effects on the working class to bother trying to understand how anything works.
Old Joe actually cares about the working class, he stuck the soft landing (the economic equivalent of landing on the moon) and is now pursuing trust busting. The socialist and MAGA crowd (basically the same kind of people) are all mad about it.
At least thats what I tell myself, because I refuse to believe that there are so many people here stubbornly refusing to believe experts who have studied their fields for years. Just because I don’t understand something doesn’t mean that nobody understands it. I’m constantly amazed by people who make advances in areasthat I have little experience in personally, but I know enough about the scientific community to agree that these contributions should be lauded.
Nevertheless, expect to be brigaded by downvotes for trying to bring logic into the discussion.
Imagine thinking that Russia or China would focus on manipulating opinions of a tiny community with a few thousand users many of whom don’t even live in US. It’s absolutely incredible to see how any time liberals step out of their echo chambers, they refuse to even contemplate the fact that people might have different ideas from their own.
If they have to take a pay cut because “prices are lower you don’t need to be paid as much” it would be a a problem. Also the price of houses go down. Congrats you owe more than your house is worth. You still gotta pay off that upside down mortgage tho!
Yup. But with the deflation you get the added bonus of the value of the money you owe increasing. Upside down mortgages, bankruptcy, foreclosures, people gotta find a new place to live, fun times for everyone!
See there’s a reason a slow and steady inflation is the norm. It’s super bad to have the money you owe increase in value. But a war in the part of the world where most of the grain is produced caused grocery prices to go up a lot and drove inflation way higher than normal. But inflation is under control now. But unfortunately the inflation that already happened can’t really be reversed. Get your boss to give you a raise, join a union if you have to. Unlike nearly every time in history when this kind of thing has happened there isn’t a recession following a bout of inflation, which is pretty much unheard of. Biden stuck the soft landing.
Also deflation increases the value of money for the wealthy. Why does the socialist crowd want deflation which increases the value of wealth for those who have it? Right, because they’re too busy cosplaying as socialists they don’t care enough about the real world economic effects on the working class to bother trying to understand how anything works.
Old Joe actually cares about the working class, he stuck the soft landing (the economic equivalent of landing on the moon) and is now pursuing trust busting. The socialist and MAGA crowd (basically the same kind of people) are all mad about it.
Unionize so your boss can’t do that.
I think Lemmy paints a difficult picture to decipher if we’re considerate of the broader voter base.
Tin Foil Hat time! We know that Russia and China, among others, have troll farms working across social media to try to shape the narrative. One of their stated goals is to increase divisiveness among westerners. Lemmy is such a small community that it would not take much effort for them to dominate the conversation here.
At least thats what I tell myself, because I refuse to believe that there are so many people here stubbornly refusing to believe experts who have studied their fields for years. Just because I don’t understand something doesn’t mean that nobody understands it. I’m constantly amazed by people who make advances in areas that I have little experience in personally, but I know enough about the scientific community to agree that these contributions should be lauded.
Nevertheless, expect to be brigaded by downvotes for trying to bring logic into the discussion.
Imagine thinking that Russia or China would focus on manipulating opinions of a tiny community with a few thousand users many of whom don’t even live in US. It’s absolutely incredible to see how any time liberals step out of their echo chambers, they refuse to even contemplate the fact that people might have different ideas from their own.