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Looking at the US labor statistics, you'd think this was a golden age. But that 20% raise you got is only about 9% when you factor in the likely inflation takin

Looking at the US labor statistics, you'd think this was a golden age. But that 20% raise you got is only about 9% when you factor in the likely inflation taking place in your area. The thing is that recessions start somewhere. They never hit the entire economy at once. This one started in the most highly-leveraged areas of the economy because the crisis that's brewing is all about money. More specifically, it's all about access to collateral that allows money to flow. That pipe is constricting by the day. Sooner or later, the recession hits everyone.

osigurdson 4y ago
>> that 20% raise you got is only about 9% when you factor in the likely inflation taking place in your area Food and energy prices are up, but asset prices are down. Cash goes further today in some ways that in did last year this time.
- jibe 4y ago
  What assets are you buying today with cash that are cheap and offset the pain of higher food and gas? Meta stock isn’t a great milk substitute. Housing is one asset class that is dropping in price, but the increasing cost of borrowing is more than offsetting that decline.
  - randomdata 4y ago
    I was looking at buying some farm equipment to reap the rewards of that higher food price, but it certainly hasn't fallen in value. Very much the opposite. He has a point, though. On a developer salary, the basics like food and gas make up only a small portion of one's income. It may be an increasing portion, but still just a portion. The remainder can buy more, depending on what you want to buy.
  - osigurdson 4y ago
    Well, the entire market is cheaper, not just Meta stock. Housing is cheaper if you have available cash, it it isn’t if you need to borrow. The reason it costs more to borrow is because cash is more valuable now.
deathanatos 4y ago
> But that 20% raise you got I'd gladly take a 20% raise with this inflation. I'm taking a pay cut, plus the inflation's reduction to real pay, plus rent will be going up at a rate outpacing inflation.

osigurdson 4y ago

>> that 20% raise you got is only about 9% when you factor in the likely inflation taking place in your area Food and energy prices are up, but asset prices are down. Cash goes further today in some ways that in did last year this time.

jibe 4y ago
What assets are you buying today with cash that are cheap and offset the pain of higher food and gas? Meta stock isn’t a great milk substitute. Housing is one asset class that is dropping in price, but the increasing cost of borrowing is more than offsetting that decline.
- randomdata 4y ago
  I was looking at buying some farm equipment to reap the rewards of that higher food price, but it certainly hasn't fallen in value. Very much the opposite. He has a point, though. On a developer salary, the basics like food and gas make up only a small portion of one's income. It may be an increasing portion, but still just a portion. The remainder can buy more, depending on what you want to buy.
- osigurdson 4y ago
  Well, the entire market is cheaper, not just Meta stock. Housing is cheaper if you have available cash, it it isn’t if you need to borrow. The reason it costs more to borrow is because cash is more valuable now.

deathanatos 4y ago

> But that 20% raise you got I'd gladly take a 20% raise with this inflation. I'm taking a pay cut, plus the inflation's reduction to real pay, plus rent will be going up at a rate outpacing inflation.