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The truly poor do not have jobs, nor much hope of one in future. They are on fixed state incomes at best, which if they are lucky may have a trivial rise some y

The truly poor do not have jobs, nor much hope of one in future. They are on fixed state incomes at best, which if they are lucky may have a trivial rise some years after the fact. We don't need to get terribly cerebral to note the basic mechanism of proportion, whereby $10 added to the daily food cost of a person who makes $50/day is vastly more impactful than the same $10 added to the daily food cost of a person who makes $500/day.

TameAntelope 5y ago
The whole point is that $10 added daily food cost results in the food producer being able to hire more employees, which means the person who makes $0/day can make $300/day now. Also these numbers are super weird. It's probably more like $10 total daily food cost going up to like $10.30, and going from making $30/day (part time minimum wage) to $50 (near full-time minimum wage).
- oonerspism 5y ago
  The numbers were symbolic to illustrate proportional effect. I'm not seeing a great deal of causation in your theory. The same amount of food is being produced, thus the same amount of work is done - so extra employees are not required. If anything, in your closed system theory, the food producer is going to laugh and pocket extra profits.
  - TameAntelope 5y ago
    The same amount of food is not produced, more food is produced because it's the only way the food company can keep up with inflation.
    - oonerspism 5y ago
      Who is buying and eating the extra food? Did human stomach volume increase proportional to inflation? https://www.nzherald.co.nz/business/the-conversation-inflation-is-raising-prices-and-reducing-real-wages-what-should-be-done-to-support-nzs-low-income-households/EEQ7TDYHUSYGKM2OUK6BP4VJ4A/ https://www.nzherald.co.nz/business/the-conversation-inflati... Show me which countries have wage growth for lower socioeconomic demographics currently matching or outpacing CPI? It is not happening.

TameAntelope 5y ago

The whole point is that $10 added daily food cost results in the food producer being able to hire more employees, which means the person who makes $0/day can make $300/day now. Also these numbers are super weird. It's probably more like $10 total daily food cost going up to like $10.30, and going from making $30/day (part time minimum wage) to $50 (near full-time minimum wage).

oonerspism 5y ago
The numbers were symbolic to illustrate proportional effect. I'm not seeing a great deal of causation in your theory. The same amount of food is being produced, thus the same amount of work is done - so extra employees are not required. If anything, in your closed system theory, the food producer is going to laugh and pocket extra profits.
- TameAntelope 5y ago
  The same amount of food is not produced, more food is produced because it's the only way the food company can keep up with inflation.
  - oonerspism 5y ago
    Who is buying and eating the extra food? Did human stomach volume increase proportional to inflation? https://www.nzherald.co.nz/business/the-conversation-inflation-is-raising-prices-and-reducing-real-wages-what-should-be-done-to-support-nzs-low-income-households/EEQ7TDYHUSYGKM2OUK6BP4VJ4A/ https://www.nzherald.co.nz/business/the-conversation-inflati... Show me which countries have wage growth for lower socioeconomic demographics currently matching or outpacing CPI? It is not happening.