Excessive Number of Timeshares available on Redweek

[WaikikiFirst]

I see report after report both on the news and personally of people getting raises

Wage-Price spiral

people will eventually become accustomed to the newer higher prices especially if wages catch up.

Wage-Price spiral ... meaning people gettign raises BECAUSE OF INFLATION is not a good thing
(I'm not claiming I expect inflation to spike again. I don't, but reality is reality. Someone got a 6% raise when inflation was running @ 7%. Awesome, I guess.

keep seeing additional efficiencies as low skill low wage jobs get automated and people move to different positions

What? Productivity? Do you think "Productivity" is a "thing" rather than really just a calculation?
any idea what inflation-adjusted productivity has been for the last 2 yrs?
any idea how many FULL-TIME jobs have been added over the last 2 yrs?
any idea how much guesstimating goes into the calculation of "productivity"?

 

[WaikikiFirst]

a lot of economic doomerism and has been for years now

I'm not a doomer, but maybe try calculating how much GDP gain we get for every $ of additional federal budget deficit.
I'm also not one who thinks the govt has to run a surplus, but reality is reality and the #s are the #s.

 

[jp10558]

Wage-Price spiral

You have it backwards IMHO - prices have gone up for the last 40 years with very little wage movement. It got bad enough "people refused to work" just to starve either way. At least some companies have also been forced to cut prices because people just couldn't afford to buy the product anymore. We can argue about Wage Price spirals being good or bad, but it seems to me like a slow price-wage spiral is the Federal Reserves policy - they want 2% inflation, well that inflation has to apply to wages also.

Wage-Price spiral ... meaning people gettign raises BECAUSE OF INFLATION is not a good thing
(I'm not claiming I expect inflation to spike again. I don't, but reality is reality. Someone got a 6% raise when inflation was running @ 7%. Awesome, I guess.

Sure, but I'm talking about ~ 30% seen across people switching jobs into the same position but at a higher pay at another company, retention raises in the same place, and reported union contracts.

What? Productivity? Do you think "Productivity" is a "thing" rather than really just a calculation?
any idea what inflation-adjusted productivity has been for the last 2 yrs?
any idea how many FULL-TIME jobs have been added over the last 2 yrs?
any idea how much guesstimating goes into the calculation of "productivity"?

I didn't mean to reference productivity - just that some jobs won't pay enough to get workers, and yet we "need" that to be done, so we're deploying automation. Clearly there are staffing shortages, and with demographic trends, we're going to see less available workers as time goes on unless we massively overhaul immigration, and globally it's unclear if that will actually "solve" stuff with the decline in more and more countries. But it should get the US through my lifetime anyway. So as we have less and less working age people, and more and more retired people because of population decline, wages will trend upwards IMO just due to scarcity, except where we can deploy automation and eliminate the positions.

 

[WaikikiFirst]

You have it backwards IMHO

because you didn't understand what I said

I didn't mean to reference productivity

but that is exactly what you did reference. Thems a LOT of words. The #s would give you a lot more insight

 

[Jason245]

I'm not a doomer, but maybe try calculating how much GDP gain we get for every $ of additional federal budget deficit.
I'm also not one who thinks the govt has to run a surplus, but reality is reality and the #s are the #s.

Gdp is a number that is easily manipulated.

China used to do it alot by building cities that noone lived in.

Every person in a country contributes to GDP even if 100% on government assistance just by eating food, living somewhere and using toilet paper and water.

It is a real funny fact when you think about it. You can add millions of people to a country through immigration and magically GDP went up but the actual amount of the pie each person gets in benefit from that GDP goes down.



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[DeniseM]

This thread has lost it's way and become political, so it's closed.