this post was submitted on 24 Dec 2023
562 points (89.5% liked)

Political Memes

5447 readers
1126 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 1 year ago
MODERATORS
 

Say

(page 3) 9 comments
sorted by: hot top controversial new old
[–] Tarquinn2049@lemmy.world -2 points 10 months ago (1 children)

Prices go up because wages go up, and wages go up because prices go up. Which seems like it can't possibly be the explanation, and while it is of course a simplification, it really is surprisingly accurate.

Inflation is mostly there so that people can keep getting raises and doing better than they did yesterday, without actually moving forward. It's kind of like the Shepard tone. Always infinitely seeming to rise in pitch, but never actually doing so. Or if you are unfamiliar with that reference, it's like a stairmaster. Those stair based exercise machines. You constantly go up a set of stairs that is constantly moving down at the same speed.

Each step feels meaningful, but by the time you are ready to take your next step, you are relatively exactly where you were before. You constantly have more and more money over the course of your life, and to a small degree by the end of a long career you should actually be a little bit ahead if everything went well for you, just in time for you to retire and remove your higher than average salary from the pool to offset someone else gaining a raise that is slightly ahead of inflation.

This is of course all a gross oversimplification. But it's the "slightly accurate model" first step, that leads to learning all the rest in actual depth that changes some of the specifics by a tiny bit if you look closely enough.

load more comments (1 replies)
load more comments
view more: ‹ prev next ›