r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/thevoidthatjerksback 8h ago

What? No I already get a paycut with inflation. Deflation is where I get a pay increase.

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u/a1b2t 8h ago

And why does it increase?

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u/WHATZAAAAA 8h ago

Legit please do correct me if i'm wrong, but if price of product x goes from 5 to 10, my 1000 salary would mean i can now only buy 100 of x instead of 200, but if x went from 5 to 2, it means that, while my salary is still the same, my purchase power is now higher, because now i can buy 500 of x instead of 200

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u/Dark1sh 7h ago

Job loses will be plentiful.

Also, if the labor rate for your job is much lower than your pay, eventually they hire someone cheaper and you’re let go.

But deflation will have a nice little more affordable run before you get F’d. So we can enjoy that short moment