3 ms·

That may be a contributory factor in the US, but inflation is global. As a homeowner in the UK, my house did not appreciate in value more than usual, our salar

That may be a contributory factor in the US, but inflation is global. As a homeowner in the UK, my house did not appreciate in value more than usual, our salaries have not risen by anywhere near inflation, and our pensions have fallen!

acchow 4y ago
Your house, maybe not. But across the UK, average house prices are up 10% this year compared to 2021. And from 2021 vs 2020 another 8-10%
sofixa 4y ago
Yes, Americans tend to focus on the monetary side, completely forgetting there's a whole other world outside of their country that had wide varieties of policies to combat Covid, and everyone is experiencing inflation, including Sweden (at 10% annually as of September 2022) that didn't shut down and didn't spend anywhere close to the money spent by other EU countries to prop up jobs and the economy. Many people, especially Americans, forget the supply side - a pandemic which wrecked global supply lines, and a war which is impacting some of the most important resources (food and energy), globally. No idea why, maybe because they can't blame a politician/party for that part. In any case, inflation has many complex causes, is global, and may take quite some time to get reigned in. There's no quick fixes to the supply problems nor for the monetary (supply) problems, and if perceptions are that inflation will continue, it will continue regardless of underlying metrics.
- lotsofpulp 4y ago
  > There's no quick fixes to the supply problems nor for the monetary (supply) problems, and if perceptions are that inflation will continue, it will continue regardless of underlying metrics. Perhaps it is a supply of cheap labor problem that Covid shutdowns allowed a sufficient disruption to low paying labor markets to cause a “phase change”. Even before Covid, labor prices were trending up (maybe since birthrates have been dramatically falling for a long time), but the sudden, rapid shake up gave people en masse time and excuse to change things up for themselves, causing a chain reaction from the lowest paid labor being harder to fill.

acchow 4y ago

Your house, maybe not. But across the UK, average house prices are up 10% this year compared to 2021. And from 2021 vs 2020 another 8-10%

sofixa 4y ago

Yes, Americans tend to focus on the monetary side, completely forgetting there's a whole other world outside of their country that had wide varieties of policies to combat Covid, and everyone is experiencing inflation, including Sweden (at 10% annually as of September 2022) that didn't shut down and didn't spend anywhere close to the money spent by other EU countries to prop up jobs and the economy. Many people, especially Americans, forget the supply side - a pandemic which wrecked global supply lines, and a war which is impacting some of the most important resources (food and energy), globally. No idea why, maybe because they can't blame a politician/party for that part. In any case, inflation has many complex causes, is global, and may take quite some time to get reigned in. There's no quick fixes to the supply problems nor for the monetary (supply) problems, and if perceptions are that inflation will continue, it will continue regardless of underlying metrics.

lotsofpulp 4y ago
> There's no quick fixes to the supply problems nor for the monetary (supply) problems, and if perceptions are that inflation will continue, it will continue regardless of underlying metrics. Perhaps it is a supply of cheap labor problem that Covid shutdowns allowed a sufficient disruption to low paying labor markets to cause a “phase change”. Even before Covid, labor prices were trending up (maybe since birthrates have been dramatically falling for a long time), but the sudden, rapid shake up gave people en masse time and excuse to change things up for themselves, causing a chain reaction from the lowest paid labor being harder to fill.