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Explaining the inflation rate (lemmy.world)

submitted 11 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Kecessa@sh.itjust.works 56 points 11 months ago (7 children)

The problem is both...

[–] DoYouNot@lemmy.world 38 points 11 months ago (5 children)

Some inflation is a good thing. It keeps money moving, which is absolutely crucial to the system as it is. Wages do need to rise with or outpace it, though.

[–] BaldManGoomba@lemmy.world 10 points 11 months ago (1 children)

Why?

Hear me out. If a $50k wages is $50k 10 years from now and all things stay the same why is that a problem? People at that wage can pay for a certain lifestyle at that wage forever.

Hear me out if all companies have a profit? Why have more profit next year? You can still grow you have profit.

Even loans still work as loans have profit built into them so what is the problem with stagnation

[–] anivia@lemmy.ml 7 points 11 months ago

But how could we possibly survive without eternal economic growth???

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