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Fixed costs have gotten too high, and these prices are inelastic. I think the only way to fix it is wage inflation across the board.
by tcbawo 8y ago
Fixed costs have gotten too high, and these prices are inelastic. I think the only way to fix it is wage inflation across the board.
- bdcravens 8y ago> I think the only way to fix it is wage inflation across the board. And to convince people to spending so much. The new iPhones will be announced next week. How many will buy a $1000 phone yet not have $1000 saved for any kind of emergency?
- RickJWagner 8y agoYes, exactly. Also: How do those "FIRE" millenials manage to retire at 30? By living WELL below their means. It's no a lifestyle for everybody, but it demonstrates that money skills can be learned.
- rule_follower 8y agoHow to accomplish this without exacerbating continued asset & fixed cost inflation?