Earlier quoted context omitted.
Presumably the tax brackets are linked to inflation too
Pretty sure they're not.
US tax brackets seem to be
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adju...
The Great Resignation? More Like the Great Renegotiation
381–390 of 520 posts
Re: The Great Resignation? More Like the Great Renegotiation
#382Earlier quoted context omitted.
You're assuming McDonald's has a much higher profit margin than it actually does - it's a restaurant chain, not a software company. In other words, the wages for the guy making the burger isn't the only input to cost. E.g., if the beef in that $2 burger used to cost $0.50, it might cost $0.75 now, partly as a response to the need for the farmer to pay himself more. There's also the people working at the meat processi…
Also, I am only going to pay so much for a McDonald's sandwich before I decide the cost to quality ratio is too high, and either make it myself or go to a restaurant that has a better cost to quality ratio. I find the making it myself option to be much better due to the increased volatility of quality. Sure, I might spend 2 hours cooking and cleaning, but I know the quality will be good 100% of the time, whereas spen…
> I find the making it myself option to be much better due to the increased volatility of quality.
I am not a good cook, but I did learn to cook the things I like to eat out specifically because of this consideration. In the beginning, it was a more difficult decision, but now I wouldn't for the world trade my certain home cooked dishes for restaurant ones.
Re: The Great Resignation? More Like the Great Renegotiation
#383Earlier quoted context omitted.
[flagged]
>When I say I'm anti-work, I mean exactly that: People should not have to work to live. What you hear is: "Nobody should ever do any work." That's not what anyone is saying. We're saying that people should be free to do work that is fulfilling and necessary, not busy-work created to keep the 40 hour work-week. Sorry but this has to be the dumbest most elitist sheltered things I've heard. You ARE free to do what you w…
My idea is that I should be able to be a teacher, because that is what I want to do. I cannot be a teacher, because where I live, teachers do not get paid enough to live unless they have a spouse who is bringing in very good money.
If I didn't have to work to live, I could pursue that dream.
Re: The Great Resignation? More Like the Great Renegotiation
#384Re: The Great Resignation? More Like the Great Renegotiation
#385Earlier quoted context omitted.
> I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway PPP and SBA loans kept these companies alive. The bill hasn't come due yet. This is what people don't understand.
Aren't PPP loans fully forgivable if you met certain requirements? There shouldn't be any bill for most businesses.
If you used them for payroll, they were free money.
Re: The Great Resignation? More Like the Great Renegotiation
#386Earlier quoted context omitted.
10% cut? Wasn't inflation about 6.2%?
Official inflation numbers are super dishonest in my opinion.
I 100% agree with this. I go to the grocery store on average twice a week. My bill was generally $100. Now my bill is ~$180. I know this is anecdotal and I buy a lot of meat which is definitely up but it seems like everything has come close to doubling.
Re: The Great Resignation? More Like the Great Renegotiation
#387Earlier quoted context omitted.
Completely off topic from the main thread but would you be comfortable sharing how you found and/or convinced an advisor to take you on for a part-time PhD?
Completely comfortable. I spent a not-insignificant amount of time emailing professors (roughly two professors per state) across the US asking if they had part-time PhDs. Most didn't respond to me, the ones that did gave me a polite "no". I then look up "online part time PhDs" and found basically two places that offer a doctorate online, which was Purdue and University of York (England). I inquired about Purdue, and…
Thank you, this is very helpful.
Re: The Great Resignation? More Like the Great Renegotiation
#388Why is the central bank inflation target typically 2%? Well if you target 0% and any actual result below 0% happens, that's deflation which is a disaster for economies. If inflation is say 10%. Maximum employment is near certainly impossible. Debt will be expensive and the economy crawls to a halt. Who wants to pay 10% interest on their student debt? So where in between do you have a good price stability? It tends to…
> "Well if you target 0% and any actual result below 0% happens, that's deflation which is a disaster for economies." It's not actually clear that deflation causes economic problems for the commonly cited reason (decrease in consumer spending). I think you're right about most of what you say concerning inflation. https://www.investopedia.com/articles/markets/111715/can-def...
The bigger issue isn't just a decrease in consumer spending; it's a decrease in investment (public markets, private equity, consumer loans, etc). If a bank can just sit on their dollars, and see a guaranteed rate of return potentially higher than a risk-adjusted rate of return after investment, that will happen more often. It trades a reduction in the long-term health of the real economy for an increase in the short-term health of the currency, but over a long enough period of time all currencies are a projection of the health of their real economy.
The Swiss example is a poor one, given the makeup of their economy is nothing like most of the rest of the world, with its bias toward the finance sector. The finance sector would love deflation; they can take no risk and win, or they can take risks (issue consumer loans) and also increase their probability of winning.
All that being said: there's a "correlation not causation" issue in that, the US originally set its "inflation as a target" policy back in the late-60s/early-70s. Ever since then, it doesn't matter what metric you look at, they've all gone sour [1]. Theoretically, causatively, some inflation is good for consumers; but correlatively, its difficult to ignore it as a potential cause for why everything sucks. It's moreso a matter of figuring out... why.
Re: The Great Resignation? More Like the Great Renegotiation
#389I'm at the point where I would sacrifice $$$ for a better work-life balance. Unfortunately my boss just gave me a raise (boo-hoo, right?) so that he could do less work and I could do more.
My goal this year is to fuck off and live in another country for 4-6 weeks, as vacation and/or as remote work. Then extend that to 2-3 months next year and ~6 months thereafter.
I'm pushing 50 and aware that I've only got so many "good" years left.
Re: The Great Resignation? More Like the Great Renegotiation
#390Earlier quoted context omitted.
Aren't small businesses best positioned to adapt to these changes? It's not like they're sitting on piles of cash or other investments that are losing value. If costs go up they'll have to raise prices, just as the prices for what they're buying went up due to rising costs further upstream. I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway (half do). I wou…
Death by a thousand paper cuts. As an example, the local breakfast shop. The owner claimed he couldn't find cheap employees anymore, they all left to sit at home on unemployment (his words, not mine). He also bemoaned the additional time for sanitizing everything. I saw his quality of food go down, and he didn't transition back to using real utensils (this is a major downside for me, thin plastic cutlery stinks). Fur…
> [employees] left to sit at home on unemployment... didn't adapt digitally to the take-out heavy model
The restaurant world, in particular, seems to have heavily bifurcated between owner-as-entitled-extractor and owner-as-management. I'm not surprised to hear that someone who failed the transition to take-out is also blaming labor for his business's hard times.
Not to say that there wasn't some determinism in terms of location, target market, and target demographic. But good judgement, simple business management skills, and just generally being able to roll with punches made a huge difference in terms of survival rate.