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Mar 18, 2023
6:00
:58
pm
JohnnyC
Playmaker
That will just put a lot of pressure on wages.
Then we will see prices adjust to the wage increase. Making a 100k will be like making 60k 10 years ago. Probably worse. I wouldn’t be surprised workers in the aggregate will demand at least 5-10% during that time period. This might get Ugly.
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JohnnyC
Previous username
DumBass
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JohnnyC
Joined
Aug 13, 2019
Last login
Apr 27, 2024
Total posts
12,053 (372 FO)
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Messages
Author
Time
Looks like FED will raise .25 interest and pause on QT. Did $300B QE last week
roseyscenario
3/18/23 4:47pm
RE: Looks like FED will raise .25 interest and pause on QT. Did $300B QE last
TNT
3/18/23 4:48pm
If only TNT had paid attention in school
UNLVcougar
3/18/23 4:51pm
How dare you. His mom was an excellent teacher
TNT
3/18/23 4:52pm
TV can only teach you so much.
JohnnyC
3/18/23 4:56pm
TNT's mom was a TV?
Schultz is back
3/18/23 5:02pm
I prominent twitter guy just made a $1M bet that there will be hyperinflation in the US within 90 days
cheezedawg
3/18/23 5:16pm
Isn't that the guy that always predicts doom and then deletes his tweets when
Kajdin
3/18/23 5:27pm
Is he saying that he thinks BTC will be over $1M in 90 days? That’s crazy talk
Mike Honcho
3/18/23 5:52pm
Definitely seems crazy
cheezedawg
3/18/23 6:10pm
At least his wager isn’t as crazy as Macafee’s was
Mike Honcho
3/18/23 7:57pm
Surprised it hasn't happened sooner, and been steeper. Gotta pay the piper at some point. Might as well be now.
Division Bell
3/18/23 5:29pm
There were a lot of very smart people that missed the whole Main street
Nat Gas Man
3/18/23 5:45pm
That's my expectation as well. Or higher. IMO, additional variable costs will enter into the logistics chain.
Division Bell
3/18/23 5:52pm
That will just put a lot of pressure on wages.
JohnnyC
3/18/23 6:00pm
Agreed. The reduction of the middle class thru inflation is a significant concern. We all know that tax brackets won't
Division Bell
3/18/23 6:04pm
Longer. Like 20 years. We've got a demographic problem on top of that. Too many
CougarTailDevourer
3/18/23 6:58pm
Not enough numbers, let alone what percent are even willing to work instead of mooching of aging parents and government?
Division Bell
3/18/23 7:45pm
AI seems to be the only way to get around this issue. Would be interesting to
CougarTailDevourer
3/18/23 10:49pm
Don’t worry it s just transitory….
BYU Grounds
3/18/23 6:49pm
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