xapata

40 ms·

511.
by xapata 5y ago
Could be. It might be that the existence of a substantial middle class, rather than a long tail of poverty, was an anomaly. Of course, we could choose to redistribute wealth to create any shape of curve we desire.
512.
by xapata 5y ago
Good article. It's amusing how one throw-away statement didn't hold up: > As rich as Elon Musk is, he’s only one of five hundred billionaires, and some of the others are even richer.
513.
by xapata 5y ago
Landlords are price takers, not price makers. The market for apartments is highly competitive.
514.
by xapata 5y ago
> turned sharply negative the last two months. What I'm seeing is a chart of real gains over the last decade. That's great!
515.
by xapata 5y ago
A speech to text device in the bathroom helps. Sometimes I worry I'll forget by the time I'm done showering.
516.
by xapata 5y ago
I once met a "Senior Manager" at a very large and successful company with only 1 responsibility: compile a quarterly report by consolidating a large set of monthly reports.
517.
by xapata 5y ago
If economic growth were held constant, one would obviously prefer low (but positive) inflation. However, if there's a trade-off between the two, we'd still want to optimize for the goals of long-term growth and low employment, an
518.
by xapata 5y ago
Check the same value since November 2019. I can't find the figures now, but I'm hopeful the gains weren't wiped out.
519.
by xapata 5y ago
I've been hearing about significant wage increases for many jobs, especially at the lower end of the spectrum.
520.
by xapata 5y ago
You're both incorrect. Poor people are affected by the ratio of price inflation to wage inflation, which is for the first time in ~50 years flipped such that wages are growing faster than prices. Inflation transfers money from credito
521.
by xapata 5y ago
> competitive jobs Isn't the big news of the day that there's a labor "shortage" and wages are rising?
522.
by xapata 5y ago
Wage increases really help the lower income brackets. When you stop seeing "help wanted" signs, that's when it's time to worry.
523.
by xapata 5y ago
Indeed, the question is how fast is too fast. Right now, the supply problems seem to be dead weight loss, but those are causing inflation and aren't a symptom of it. We should worry when people start hoarding in warehouses, and then
524.
by xapata 5y ago
> the US is experiencing more inflation than other countries also hit by supply constraints. How much more? I've read the opposite. There's probably some imprecision in "the same rate" so I'm willing to believe
525.
by xapata 5y ago
Since wages are a component of inflation, it doesn't change middle class purchasing power. It only affects the middle class to the extent they are creditors, and then only if inflation is a surprise. Peer-to-peer lending isn't a
526.
by xapata 5y ago
What are we trying to optimize for anyway, low inflation or high growth? If policy manages to have sustained high growth, why do we care about inflation?
527.
by xapata 5y ago
Calling it blame implies that inflation is bad. Inflation is not intrinsically bad. It's bad to the extent it creates friction in the economy. Currently, the US economy is growing very well. One might anticipate that inflation will
528.
by xapata 5y ago
All things are transitory. Amusingly, current inflation being (depending on your industry) most intense for transport gives the label a new significance.
529.
by xapata 5y ago
It was implied. You don't need prior knowledge to deduce it, except the knowledge to ask the questions you wrote in your other comments.
530.
by xapata 5y ago
Good news for debtors! Remember that "cross of gold" speech? There was a time when it was popular to ask the government for inflation.
531.
by xapata 5y ago
I think you left that under-explained.
532.
by xapata 5y ago
It's not easy to hire good staff when budgets are cut.
533.
by xapata 5y ago
No one lives in California; it's too crowded.
534.
by xapata 5y ago
> corporate slave-driving overlords > big city, that grass will never be green enough for me Take your pick, I guess. I like cities, and I certainly don't want to feel like I'm a slave.
535.
by xapata 5y ago
If word-of-mouth marketing is important ("Mom, my friend went to Disneyland last year, why can't we go?") then attendance may drop off more quickly with a price increase than for other goods. The cost of recovery might be
536.
by xapata 5y ago
Children aren't as important as friends (including family, or a spouse, that you're friends with) for mental health.
537.
by xapata 5y ago
Both are important. My elderly father's doctor recommended he start lifting weights. My father already gets a reasonable amount of aerobic exercise, but they do different things for the body.
538.
by xapata 5y ago
Depends on the price, of course. Compare the per-unit prices, your warehousing costs, and the interest rate on the loan.
539.
by xapata 5y ago
> afford Afford is an elusive concept. Dollar stores are often more expensive per-unit, but cheaper per-package. If the shoppers had better access to financing, some might choose to take a longer trip to, say, Costco, and buy things at
540.
by xapata 5y ago
Not everything benefits from citation.

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