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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1w4api1/petah/p774w3l/?context=3
r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago
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197
Is deflation a cause or symptom, though? To me, it’s just a number, but I understand that it is more than that to various economic groups.
As far as I understand it, deflation indicates that prices are going down, which is a good thing to me individually.
19 u/PiperUncle 7h ago Prices going down includes your labour 16 u/Civil_Act1864 6h ago But when prices go up our labor doesn't? 6 u/haleboy44 6h ago You think too much. 2 u/HonorableMedic 6h ago We need to do something about that. Dismantle everything. 1 u/KypAstar 3h ago No just uninformed. Wages do go up on net faster than inflation. Covid started a period of borderline hyperinflation that rapidly outpaced that trend. This isn't esoteric or hidden information; it would take 5 seconds of googling to find.
19
Prices going down includes your labour
16 u/Civil_Act1864 6h ago But when prices go up our labor doesn't? 6 u/haleboy44 6h ago You think too much. 2 u/HonorableMedic 6h ago We need to do something about that. Dismantle everything. 1 u/KypAstar 3h ago No just uninformed. Wages do go up on net faster than inflation. Covid started a period of borderline hyperinflation that rapidly outpaced that trend. This isn't esoteric or hidden information; it would take 5 seconds of googling to find.
16
But when prices go up our labor doesn't?
6 u/haleboy44 6h ago You think too much. 2 u/HonorableMedic 6h ago We need to do something about that. Dismantle everything. 1 u/KypAstar 3h ago No just uninformed. Wages do go up on net faster than inflation. Covid started a period of borderline hyperinflation that rapidly outpaced that trend. This isn't esoteric or hidden information; it would take 5 seconds of googling to find.
6
You think too much.
2 u/HonorableMedic 6h ago We need to do something about that. Dismantle everything. 1 u/KypAstar 3h ago No just uninformed. Wages do go up on net faster than inflation. Covid started a period of borderline hyperinflation that rapidly outpaced that trend. This isn't esoteric or hidden information; it would take 5 seconds of googling to find.
2
We need to do something about that. Dismantle everything.
1
No just uninformed. Wages do go up on net faster than inflation. Covid started a period of borderline hyperinflation that rapidly outpaced that trend.
This isn't esoteric or hidden information; it would take 5 seconds of googling to find.
197
u/Mayor_Death 7h ago
Is deflation a cause or symptom, though? To me, it’s just a number, but I understand that it is more than that to various economic groups.
As far as I understand it, deflation indicates that prices are going down, which is a good thing to me individually.