Author Topic: Is Hyperinflation On The Horizon?  (Read 162541 times)

Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #1420 on: September 13, 2022, 04:58:12 PM »
IM(uneducated)O, leading numbers to watch is unemployment and workforce participation. If labor costs don't go down, a lot of the other prices will stay high and continue to rise.
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Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #1421 on: September 13, 2022, 08:41:58 PM »
IM(uneducated)O, leading numbers to watch is unemployment and workforce participation. If labor costs don't go down, a lot of the other prices will stay high and continue to rise.

https://twitter.com/macroalf/status/1569833056244011009
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Re: Is Hyperinflation On The Horizon?
« Reply #1422 on: September 13, 2022, 09:20:26 PM »
IM(uneducated)O, leading numbers to watch is unemployment and workforce participation. If labor costs don't go down, a lot of the other prices will stay high and continue to rise.

https://twitter.com/gordonjohnson19/status/1569851286916407298
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Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #1424 on: September 15, 2022, 08:04:37 AM »
IM(uneducated)O, leading numbers to watch is unemployment and workforce participation. If labor costs don't go down, a lot of the other prices will stay high and continue to rise.

https://www.foxbusiness.com/politics/national-strike-threats-loom-labor-unions-become-more-emboldened
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Offline CountValentine

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Re: Is Hyperinflation On The Horizon?
« Reply #1425 on: September 15, 2022, 08:16:00 AM »
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Re: Is Hyperinflation On The Horizon?
« Reply #1426 on: September 15, 2022, 08:24:54 AM »
Unions have the upper hand in this environment, but it is always changing.

Just pointing out that it doesn't look like labor issues will be getting any easier in the near-term, which means inflation will still have significant fuel to keep on rising.
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Offline yeshivabucher

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Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #1428 on: September 15, 2022, 09:05:20 AM »
https://amp.cnn.com/cnn/2022/09/15/business/railroad-strike-averted-tentative-deal/

Quote
The deal gives the union members an immediate 14% raise with back pay dating back to 2020, and raises totaling 24% during the five-year life of the contract, that runs from 2020 through 2024. It also gives them cash bonuses of $1,000 a year. All told, the backpay and earlier bonuses will give union members an average of an $11,000 payment per person once the deal is ratified.
...
...said Biden in a statement. “These rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned.”
...
The union said the deal provides one additional paid day off a year as well a protections against discipline if they need time off to attend to routine and preventative medical care, as well as exemptions from attendance policies for hospitalizations and surgical procedures.

Long story short, workers are getting paid more and have more resources for time off. All of that costs money, and it's not gonna come out of the railroad companies' pockets. Additionally, this gives the industry better resources for recruiting new workers, further tightening the job market.
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Re: Is Hyperinflation On The Horizon?
« Reply #1429 on: September 15, 2022, 09:31:35 AM »
Just pointing out that it doesn't look like labor issues will be getting any easier in the near-term, which means inflation will still have significant fuel to keep on rising.
Covid changed the labor market. New workers are needed. Where will they come from?
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Re: Is Hyperinflation On The Horizon?
« Reply #1431 on: September 15, 2022, 09:36:17 AM »
Covid policies changed the labor market. New workers are needed. Where will they come from?
FTFY
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Offline CountValentine

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Re: Is Hyperinflation On The Horizon?
« Reply #1432 on: September 15, 2022, 09:45:38 AM »
Only on DDF does 24/6 mean 24/5/half/half
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Re: Is Hyperinflation On The Horizon?
« Reply #1433 on: September 15, 2022, 09:46:44 AM »
Only on DDF does 24/6 mean 24/5/half/half
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Re: Is Hyperinflation On The Horizon?
« Reply #1434 on: September 15, 2022, 10:12:26 AM »
Isn't this what every worker wants, really wage increases?

Sure, until they realize that they are just spending their raises to cover other workers' raises in the products they buy.
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Offline yeshivabucher

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Re: Is Hyperinflation On The Horizon?
« Reply #1435 on: September 15, 2022, 10:14:04 AM »
Sure, until they realize that they are just spending their raises to cover other workers' raises in the products they buy.
one would think we are beyond that point already and they are paying a game of catch up

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Re: Is Hyperinflation On The Horizon?
« Reply #1436 on: September 15, 2022, 10:17:16 AM »
Sure, until they realize that they are just spending their raises to cover other workers' raises in the products they buy.
So you can never have real wage increases without fueling inflation?
Inflation 1%, wages go up 2%, that fuels inflation?
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Re: Is Hyperinflation On The Horizon?
« Reply #1437 on: September 15, 2022, 10:17:58 AM »
one would think we are beyond that point already and they are paying a game of catch up

What do you think the effect of higher cost to rail companies will be?
Feelings don't care about your facts

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Re: Is Hyperinflation On The Horizon?
« Reply #1438 on: September 15, 2022, 10:19:14 AM »
What do you think the effect of higher cost to rail companies will be?
didnt say it wasnt going to add fuel to the fire but why should they be the ones to give when everything around them cost more?

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Re: Is Hyperinflation On The Horizon?
« Reply #1439 on: September 15, 2022, 10:21:05 AM »
What do you think the effect of higher cost to rail companies will be?
Less profits?  :)
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