22 sats \ 10 replies \ @Satosora 10 Aug \ on: Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money econ
"As of June, the money supply appears to be, for now, in a period of stabilization." A period of stablization, with inflation so high? People are getting unrestful with this.
write
preview
20 sats \ 9 replies \ @Undisciplined OP 10 Aug
Prices are still catching up to the last few years worth of inflation, but at the moment the money supply isn’t changing much.
reply
22 sats \ 8 replies \ @Satosora 10 Aug
You would think both would change at the same time, right? But it must be due to the amount we pushed into the market the last few years during covid.
reply
20 sats \ 7 replies \ @Undisciplined OP 10 Aug
A lot of prices are fairly “sticky”, including wages. It can take them a long time to catch up.
reply
33 sats \ 6 replies \ @Satosora 10 Aug
Its not like companies are going to give you a 10% wage increase because of inflation. They want to maximize profits.
reply
20 sats \ 5 replies \ @Undisciplined OP 10 Aug
You pretty much have to be offered another job to get that kind of raise, which is another part of this taking time.
reply
40 sats \ 4 replies \ @Satosora 10 Aug
Right, and when you jump between jobs, you lose out on the time you work. Does it justify the 10%? And usually there are more hidden drawbacks.
reply
20 sats \ 3 replies \ @Undisciplined OP 10 Aug
It definitely depends, but the largest cumulative earnings gains come from changing jobs.
reply
38 sats \ 2 replies \ @Satosora 10 Aug
That is true. It does come from changing jobs. But if you change jobs all the time, you have no semblance of life.
view replies