221–230 of 371 posts
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US tech wages are what everyone should be making. Tech looks high compared to everyone else, but it is more that everyone else's wages got suppressed.
>Tech looks high compared to everyone else, but it is more that everyone else's wages got suppressed. Where do you draw the line? Maybe everyone should be earning $10M/year like AI researchers, and anything to the contrary means it's "suppressed"?
I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
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As a kid, I always wondered why prices HAVE to keep going up. Seemed like a vicious cycle.
A capitalist society needs inflation in order to produce a desirable outcome. It is a driver of consumption, as opposed to people and organizations hoarding their money in a deflationary environment, as well as investments, because inflation leads to the devaluation of loans over time.
It completely misses the mark on human behaviour of those living in scarcity. Inflation forces them to save whatever they can in the most stable and liquid medium (cash). As a result it creates a very strong force pushing low income individuals further down, it takes a lot of hard work and luck to get out.
Those with enough wealth don't need the same liquidity or stability, they have the luxury to invest and see their wealth grow and outpace inflation. As a result of this security they are more willing to spend on products and services.
Inflation causes scarcity for the poor and security for the wealthy.
The lower inflation is the less scarcity for the poor, and they will be more willing to spend and invest. Even in a environment with 0 inflation the wealthy still have incentive not to hoard cash. The incencentive to invest was never about the devaluation of cash, but rather the outpacing return of value that investment brings. Theoretically that still exists even in a deflationary environment, though I do suspect high enough deflation would have drastic negative impacts on the market to the point where returns are too low to justify the risk.
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the Tomodachi series is really just amazing. I'm not the biggest fan of living the dream (I prefer life on the 3DSs gameplay and think collection on the DS is very interesting), but it's still amazing
Have you seen what these go for? A 3ds cart is over $100 now.
I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
> I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. That’s $22 per person. Would like to see what they ordered. Not saying I don’t believe it but that’s pretty high. My family of 4 can eat chilfila for that and chikfila is kind of pricey for fast food where Popeyes is pretty much trash.
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Depends on the family. I’ve seen 2 active teens at healthy body weights split that 8pc meal + a side of biscuits. Obviously if you’re talking about a 6 year old the numbers are different.
I can probably eat an 18” pizza alone, but you would rightly accuse me of misrepresentation for claiming that a “pizza for lunch for one” costs me $25+.
That’s my point, family of 3 isn’t some standard size.
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This (classic) argument is symmetric with respect to the value of money and quantity of goods. As in "if you know money will buy more in the future, it increases your incentive to sell now rather than wait for higher prices. And if you know prices will increase, you will hoard products." The argument doesn't favour either side. One mechanism of inflation is that it effectively lowers wages (and other contracts) witho…
The problem is you can't really hoard products. Most products depreciate - it's a force of nature called entropy. I think the argument from symmetry still holds, but it leads into a different conclusion. Since products (goods, physical assets) depreciate in value over time, money must too decrease in value. Hence you get inflation. I believe that "natural rate of inflation" is driven by natural depreciation of goods…
I'm hand-waving a lot of arguments and considerations with this statement, but from my perspective one advantage to 2-3% inflation is to incentivize owning capital that will outpace inflation. Land, equity, and bonds all have that potential.
Deflation may incentivize renegotiation of labor, but it also incentivizes hoarding of cash, which itself is not otherwise valuable. The value comes from it being passed around through the economy buying more assets. The more purchases -> the more money to be passed around -> the more opportunity to grow the economy. In a deflationary environment (at least in theory) this slows all of that down and decreases economic opportunity, which we generally don't want.
I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
I can't say I've ever been to Popeye's, but $68 for 3 people seems unlikely based on their online prices: I picked a random one in Orlando, Florida and the "family meal" (which appears to be a very large amount of chicken) is $20. The closest thing would be the "16Pc Classic Signature Chicken Family Meal," which is $55.69 at that location and is described as feeding between 6 and 8 people. So you'd need to tip a bit…
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I watch one of those “apartments for rent in Japan” channels and I’m consistently shocked how inexpensive apartments are in lower tier cities / not Tokyo. Like a studio in an inconvenient part of Fukuoka for $200-250 a month. I guess the salaries are lower, but it’s hard to imagine such cheap rent in the equivalent American city.
Think I've heard anecdotes about Tokyo being pretty affordable as well. Quick search shows less than 1/3 of income typically spent on housing, which is much better than major US cities.
I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
> I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. That’s $22 per person. Would like to see what they ordered. Not saying I don’t believe it but that’s pretty high. My family of 4 can eat chilfila for that and chikfila is kind of pricey for fast food where Popeyes is pretty much trash.
The only way I can stomach buying fast food is through deals on their apps, which I find very anti-consumer and predatory.
It's also super annoying when you just want a quick and cheap meal but you need to spend an inordinate amount of time on their app to figure out how not to get taken advantage of by their pricing.