Inflation

[JimMIA]

Employers pay the least amount possible. That's exploitation. And the pandemic has woken people up to the idea that maybe they should make more money. If a business goes under because it depends on poverty level wages for its employees, then that's a good thing.

You have to be careful what you wish for.

It's not a good thing for the employees who were happy working there, or the business owner, or the mall owner who now has lots of vacant space, or the former customers who may have depended on the convenience of the business. Not everyone can just hop in their car and whiz across town to shop like DW did this afternoon. But I guess you could say there is a positive "survival of the fittest" benefit for the overall economy.

Actually though, in real life, what employers do is reduce the hours and/or headcount of their low level employees. If employees don't want the reduced pay for fewer hours, they just hire new low level employees with minimal skills.

Profit margins that have grown for years are going to shrink. That's the reality. Expect to pay more for goods and services in the future. Some inflation is here to stay.

Agree. And also, inflation has been at historic lows for a long, long time. A little inflation will not be too bad, but if it gets out of hand it will crush lower-income working people, and people who do not work.

People who live mostly or entirely on government help get hurt worse than anybody else by inflation. Public benefits never come close to keeping up with inflation.

 

[TLSnell1981]

Yup. Florida is a mess. More virus cases there now than ever. People don't want to be there.

Will this mean a decrease in real estate prices?

 

[barkley]

1996 federal law pertaining to taxation of retirement benefits made it a no-brainer for our household to move from california once i had to retire-the tax savings alone are greatly beneficial.

People who live mostly or entirely on government help get hurt worse than anybody else by inflation. Public benefits never come close to keeping up with inflation.

true. i administered these programs over the course of 3 decades and they never kept pace, though i did just see that it's been announced that recipients of food benefits will be seeing an average 27% permanent increase in benefits over their pre-pandemic allocations.