Got to love the double speak and half truths. Also I work in factory field service on specialty machinery I'm seeing inflation about 15 to 20 % in the industrial space. My friends that do cnc machine repair and like trades are seeing see the same for inflation if not more. That also doesn't couldn't lead time for some machines that can b…
Got to love the double speak and half truths. Also I work in factory field service on specialty machinery I'm seeing inflation about 15 to 20 % in the industrial space. My friends that do cnc machine repair and like trades are seeing see the same for inflation if not more. That also doesn't couldn't lead time for some machines that can be 6 to 18 months out these are for the machines that you need to make the parts to parts anything. We have got serval jobs not for being cheaper but the other guy was two years out on a new machine and we were only a year
There is a Chinese curse, "may you live in interesting times." Our times are interesting indeed.
One factor driving inflation is that we are pretty close to full employment. When there is full employment, inflation results. Folks have money to spend, they drive up demand, which makes goods scarce and prices rise. The problem is, one cure is to put folks out of work. That seems great, for economists, but, what if you are the one put out of a job.
Don't fall into the trap of thinking that one issue is causing a problem. It's not high employment OR expensive diesel causing inflation; it could be high employment AND expensive diesel. But, if you have tried to hire anybody lately, there are not a lot of qualified folks out there.
We failed to train anyone for a long time and treat those that had any interest in things like they trades like losers. I had to pay for most of my training all of my tools I used to warning my friends away from the trades now I can practically name my price
I wonder how it was calculated then. It seems that was likely nearer to 100% participation in an economy where an average working class family could support parents and 2-3 kids on a single wage earner's labor.
Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign, but, keep spinning your Putinesque propaganda.
It is not the "greed" of employees which makes inflation rise in periods of full employment. It is that the employees have money to spend, and they want to spend it. Too many dollars chasing too few goods leads inexorably to a rise in prices.
Comrade Putin, like the comrades before him, and DJT, think that proper planning can outwit the market. They couldn't, and he can't. Western systems are superior to the centrally planned economies of China and Russia when we embrace confusion, unleash economic liberty, and let lose the "animal spirits" onto the free market.
So quantitative easing has nothing to do with inflation?
"centrally planned economies of China and Russia" that was last century, not as much today.
And if you think Western systems have let lose the "animal spirits" onto a "free market" you really haven't been paying attention the last thirty years.
Got to love the double speak and half truths. Also I work in factory field service on specialty machinery I'm seeing inflation about 15 to 20 % in the industrial space. My friends that do cnc machine repair and like trades are seeing see the same for inflation if not more. That also doesn't couldn't lead time for some machines that can be 6 to 18 months out these are for the machines that you need to make the parts to parts anything. We have got serval jobs not for being cheaper but the other guy was two years out on a new machine and we were only a year
There is a Chinese curse, "may you live in interesting times." Our times are interesting indeed.
One factor driving inflation is that we are pretty close to full employment. When there is full employment, inflation results. Folks have money to spend, they drive up demand, which makes goods scarce and prices rise. The problem is, one cure is to put folks out of work. That seems great, for economists, but, what if you are the one put out of a job.
United States Labor Force Participation Rate dropped to 62.4 % in Apr 2023, compared with 62.6 % in the previous month.
US Labor Force Participation Rate is updated monthly, available from Jan 1948 to Apr 2023, with an average rate of 62.9 % .
The data reached the an all-time high of 68.1 % in Jul 1997 and a record low of 57.2 % in Jan 1948.
US Labour Force Participation Rate is reported by reported by U.S. Bureau of Labor Statistics.
In the latest reports, US Population reached 334.3 million people in Dec 2022.
Unemployment Rate of US dropped to 3.4 % in Apr 2023.
The country's Monthly Earnings stood at 4,590.3 USD in Apr 2023.
My bet is the actual unemployment numbers are much higher, and actual participation numbers are lower because of people working two jobs.
My bet? Failed Chinese supply chain coupled with expensive diesel and middle distillates.
We are still a petroleum economy.
Don't fall into the trap of thinking that one issue is causing a problem. It's not high employment OR expensive diesel causing inflation; it could be high employment AND expensive diesel. But, if you have tried to hire anybody lately, there are not a lot of qualified folks out there.
"My bet? Failed Chinese supply chain coupled with expensive diesel and middle distillates."
The hiring issues are sufficient to make one wonder what the actual participation/unemployment rates are.
We failed to train anyone for a long time and treat those that had any interest in things like they trades like losers. I had to pay for most of my training all of my tools I used to warning my friends away from the trades now I can practically name my price
Trade schools/technical colleges don't give nice dinners to guidance counselors who send students their way.
"a record low of 57.2 % in Jan 1948."
I wonder how it was calculated then. It seems that was likely nearer to 100% participation in an economy where an average working class family could support parents and 2-3 kids on a single wage earner's labor.
The Fed printing trillions in the last ~15 years (plus reverse repo over $2T for the last year) has nothing to do with it.
Those greedy employees wanting more pay is the problem, bring in more immigrants who will work for lower pay.
Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign, but, keep spinning your Putinesque propaganda.
"Putinesque propaganda", LOL, that's what you call facts you don't like?
It is not the "greed" of employees which makes inflation rise in periods of full employment. It is that the employees have money to spend, and they want to spend it. Too many dollars chasing too few goods leads inexorably to a rise in prices.
Comrade Putin, like the comrades before him, and DJT, think that proper planning can outwit the market. They couldn't, and he can't. Western systems are superior to the centrally planned economies of China and Russia when we embrace confusion, unleash economic liberty, and let lose the "animal spirits" onto the free market.
You missed the sarcasm in the "greed" comment.
So quantitative easing has nothing to do with inflation?
"centrally planned economies of China and Russia" that was last century, not as much today.
And if you think Western systems have let lose the "animal spirits" onto a "free market" you really haven't been paying attention the last thirty years.
Sarcasm does not work well in writing. It's only effective when spoken, where the sneering tone makes the sarcasm land.