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Admittedly off-topic: There's this massive disparity in the signals I'm getting about inflation and cost of living. On one hand there are people spending $20k
by BLKNSLVR 2y ago
Admittedly off-topic:
There's this massive disparity in the signals I'm getting about inflation and cost of living.
On one hand there are people spending $20k (over four years, which softens my point a bit), and extending that, there are enough people spending enough money to keep OnlyFans ... performers (is that the right word?) able to hire "chatters" and their various production teams, and this covers all the various 'socials' where cough influencers can make their livings via donations from their subscribers (I want to use a perjorative term).
On the other hand, cost of living pressures are forcing people to choose between paying for food and heating their homes (so my local media headlines tell me).
Is this "just" the increasing wealth inequality in the world?
Inflation being "sticky" feels like it's being driven by most people not really, actually needing to tighten their belts in the face of inflation. The number of new cars on the road, the number of people out shopping retail doesn't seem to be shrinking.
Having said that, unemployment numbers have been surprisingly good up until the last print.
P.S. I know someone who pays for regular "youtube coaching" sessions. Maybe I'm just old and don't get it, but... :rollseyes: sigh.
- anonymoushn 2y ago> performers (is that the right word?) able to hire "chatters" and their various production teams It's a business expense. They hire them because they bring in more money than they cost.
- stonogo 2y agoYeah, the guy working in the fab is probably making more money than the people who can't pay their heating bills. It is in fact increasing wealth inequality. New car sales peaked in 2015 or so and have been dropping since then. The average age of cars on the road is at an all-time high. Unemployment doesn't reflect underemployment or people who have just given up on finding work. The federal minumum wage hasn't shifted at all since 2009.