Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 688831221307801685
For same labour worth you cant get today what you could yesterday.
Are you saying pay is stagnant?
No, im saying more and more jobs are being reliant on global market economy, even tho domestic uneployment is low its not reliant on the country but the situation of the market.
And yes inflation is real.
Dollar isnt as much of worth as it used to be.
And prices are rising.
And if they are not rising you have a stock market crash where then the state goes "mmm money printer goes brrm brmmm"
Sure prices rise but incomes rise faster.
Depends on the sector, and due to the state not regulating the private property as much they regulate inflation it doesnt result in overall improvement.
Well as a whole, we can say incomes have increased.
Some sectors less, some more.
If prices increase by 10% and income by 5% its not a good situation, its more or less a sign of inflation.
Its just a way for the capitalist to cope.
Incomes have risen faster than prices.
I mean it will be more self evident after this whole trade war, russian oil and corona thing is over.
Russian oil?
If the prices rise by 10% lower class incomes rise by 5% and upper class incomes by 20% its an increase.
🆙 | **ᴇꜱᴏᴛᴇʀɪᴄ ꜱᴛʀᴀꜱꜱᴇʀ leveled up!**
And due to the global market economy the capitalist use economic imperialism.
So its not much benefit to the state.
And even less to the workers.
In both cases, average/median income rises.
You know russia imposed an embargo.
And thats why the oil prices fell so much.
Plus now europe will freeze to death lmao.
or go into debt
Sorry, gas & oil*
The reason oil prices fell was because of an increase in supply, a large one by SA.
That's actually beneficial to American consumers and companies.
It's essentially a tax cut.
SA literally begged Russia to not do it so the market remains stable.
Yeah basically
There isn't an embargo, Russia just didn't agree to maintain production.
This isn't hurting the US though.
IT will in the long run.
I gotta go eat dinner.
I can talk in like an hour.
Btw you should read das kapital.
GG @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ, you just advanced to level 5!
Its basically a statistic and math book but i think you will be able to understand it lol.