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Thread: Inflation

  1. #11
    Part of this is the desire for self betterment. You've been doing a job for years. You believe you are doing more/better than when you were hired. You ask for a raise. Boss has to make adjustments to pay you more and maintain his profits so HE can get a few more $ and still pay you. Multiply by a thousand workers in a large organization. In order to maintain any profit, the cost of the service/product goes up. Now add in the delivery guy. He used to be able to deliver for $X, but his employees now ask for raises and benefits. His cost for delivery just went up. Add in the receiving staff, the stocking guy, etc, etc, etc...

    Consumer pays more. Consumer asks for a raise to cover the costs of the increased price of consumables. Never ending sprial of cost increases. The consumable hasn't changed one bit, but because everyone wants to do better, the price is now inflated.
    "It must be inordinately taxing to be such a boob."
    The Brain

  2. #12
    Quote Originally Posted by GWguy View Post
    Part of this is the desire for self betterment. You've been doing a job for years. You believe you are doing more/better than when you were hired. You ask for a raise. Boss has to make adjustments to pay you more and maintain his profits so HE can get a few more $ and still pay you. Multiply by a thousand workers in a large organization. In order to maintain any profit, the cost of the service/product goes up. Now add in the delivery guy. He used to be able to deliver for $X, but his employees now ask for raises and benefits. His cost for delivery just went up. Add in the receiving staff, the stocking guy, etc, etc, etc...

    Consumer pays more. Consumer asks for a raise to cover the costs of the increased price of consumables. Never ending sprial of cost increases. The consumable hasn't changed one bit, but because everyone wants to do better, the price is now inflated.
    Translation: capitalism demands perpetual growth. Inflation will be a necessary and unavoidable side effect of that growth. Central bankers have tools to moderate all of the various inputs to a sound and healthy economy (for better or worse).

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