8 ms·
Answer: Bird flu and inflation (less so). Although I suspect in short time we'll find out that the price hikes due to "bird flu" and "inflation" become... perm
by josefresco 4y ago
Answer: Bird flu and inflation (less so).
Although I suspect in short time we'll find out that the price hikes due to "bird flu" and "inflation" become... permanent.
- AlanSE 4y agoInflation is always permanent.
- qclibre22 4y agoU.S. has had periods of deflation: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/ https://www.usinflationcalculator.com/inflation/historical-i... . As recently as 2009.
- mandmandam 4y agoDown 0.4 - after a 3.8% rise the year previous. Not exactly the strongest counterexample I've ever seen, though (barely) technically correct. And the last deflationary "period" (a single year) before that was ... drumroll... 1949, following 3 years of >8% inflation.
- amalgamated_inc 4y agoIt's called the ratchet effect. The government doesn't like giving your money back. That's why taxes almost never go down, either - e.g. the "temporary" income tax that only affects the richest 1% of people..
- qclibre22 4y agoFederal Receipts as Percent of Gross Domestic Product : https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
- amalgamated_inc 4y agoYes. Share ~ steady, but GDP growing - tax income growing.
- grumple 4y agoTaxes have been going down consistently for 50 years in the US.
- amalgamated_inc 4y agowhat
- grumple 4y agoBoth the marginal [0] and effective [1] tax rates have been trending downwards since WW2 with relatively little deviation from that. Pus this doesn't take into account all the ways wealthy people can avoid creating taxable income in the first place that generally aren't possible at lower income levels. 0. https://taxfoundation.org/historical-income-tax-rates-brackets/ https://taxfoundation.org/historical-income-tax-rates-bracke... 1. https://www.taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii-0 https://www.taxpolicycenter.org/taxvox/effective-income-tax-...
- amalgamated_inc 4y ago"For the top 1%" On average, aka the vast majority of tax revenue, it's stayed constant according to your own source.
- idontpost 4y ago[dead]
- ChuckNorris89 4y agoMeans I'm gonna have to interview prep hard next year to jump ship to a better paying company if I can and if the market allows for it, as my current one isn't in a hurry to do any salary adjustments and it hurts. Food, electricity, heating, all went up from minimum 30% to nearly doubled. Luckily my rent and doctor's bills went up only 10% so thank God about that.
- rhacker 4y agoI'm in the process right now of changing jobs for the same reason. The company has been losing employees left and right because of this.
- thrashh 4y agoThere’s a difference between inflation and a price hike within one industry Of course inflation is permanent. The mechanics of money would break down otherwise. When money can deflate, money becomes an investment vehicle like crypto did and we know how bad that is. When there is a threat of inflation, it forces people to transfer money instead of hoarding it. That is the entire purpose of money. Now, about the price hike… is it permanent? Probably not when there are 160,000 competing poultry farms.
- NineStarPoint 4y agoNot just the competition between poultry farms either, but competition with any other protein a person can eat. The closer eggs gets in price per calorie to meat (or nuts, cheese, etc), the less people are likely to choose eggs. There’s plenty of food out there, and a large part of the historic popularity of eggs has been their cheap price.
- hooverd 4y agoTell that to my bike tires.
- HDThoreaun 4y agoNot for commodities. Their prices fluctuate like wild.
- mym1990 4y ago'always permanent' seems redundant. Japan certainly has not had permanent inflation. Starting in the mid-1980 up until recently it has wavered quite a bit.
- SquareWheel 4y agoIt didn't the last time a bird flu impacted the egg supply. Inflation will continue to be a factor, but I expect it will return to near-normal levels, at least.
- mpol 4y agoThis bird flu is not the same as before. Before it was flu from the wild and the strains were quite mild. The current very sickmaking flu started inside farms and escaped into the wild. Millions of farm birds and wild birds are killed by it. Ofcourse, farms get it now from the wild birds, and ofcourse they blame the wild birds :) This strong flu will not be gone in a while and it speaks for the position that current large scale farming is not sustainable.
- mint2 4y agoActually there’s more. On Jan 1st several more states laws about animal welfare went into effect whereas before essentially only California had those requirements. The supply of eggs meeting those requirements had not been ramped up to meet the step in demand. I expect that disruption will be temporary.
- smaryjerry 4y agoYea this also. Colorado, one of the major state producers requires all chickens who produce eggs for sale to be cage free as of January 1st.
- kibwen 4y agoSame here in Massachusetts.
- justinator 4y agoAs an athlete who eats like a highschool linebacker (in Colorado), I've been watching eggs prices climb up $0.50 each week for a dozen, then jump $3 in one week. Now there's none on the shelves at all.
- amalgamated_inc 4y ago[flagged]
- barbazoo 4y agoThey definitely did help the chickens.
- HideousKojima 4y agoUnfortunately for the chickens, a government is supposed to serve the interests and well-being of its citizens, not that of its livestock (insert joke about there being no difference).
- xadhominemx 4y agoWhy would you suspect that? It’s a commodity experiencing a supply disruption. Prices for lumber, shipping, oil etc have all already come down significantly from the peak.
- throwaway9870 4y agoBecause bird flu might be a very unpredictable supply disruption.
- airstrike 4y agoAs opposed to other, predictable supply disruptions?
- throwaway9870 4y agoFor example, feed prices and electric prices to heat the coup are generally more predictable than a raging virus.
- xedrac 4y agoI suppose that's why butter costs 300% more too? That darn bird flu!
- barbazoo 4y agoThe price of feed went up significantly too. Maybe not for whatever garbage industrial egg producers feed their chickens but definitely for small farms.
- Brybry 4y agoWe had a similar spike due to bird flu in 2015 and the price went back down after that. [1] I think there are normally ~400 million egg laying hens in the US and they've had to kill at least 44 million (filtered by 'table egg' and summed) [2] [1] https://data.bls.gov/timeseries/APU0000708111 https://data.bls.gov/timeseries/APU0000708111 [2] https://www.cdc.gov/flu/avianflu/data-map-commercial.html https://www.cdc.gov/flu/avianflu/data-map-commercial.html
- hooverd 4y agoBirdflation!
- deleted 4y ago[deleted]
- fomine3 4y agoinfluenzation