which ... is getting dangerously low

We should lower interest rates.

😃🔫

That’s per employee. My families business had around 15 employees before it shut due to COVID. That’s a good $3,000 less, which only adds to not making profits this year

Ouch

The U.S. Small Business Administration counts companies with as much as $35.5 million in sales and 1,500 employees as "small businesses", depending on the industry.


That’s a good 300k loss, per year at Max

3k is a large expense, but in a normal year, you would also generally raise your prices by a similar 1.2% rate to cover increased inflation

Is it really? Holy shit

Yeah

We’re fucked

It’s ... not great

We should really get that back up to 1%

We don’t want the economy to start into deflation

I don’t normally condone printing money but I think we need to print money to get it atleast back up to 1

No

Bad idea

That’s a really awful idea

When you want to raise the inflation rate you lower interest rates

Small businesses, especially in retail probably can’t afford a raise in price if the big guys don’t raise price too. Which is concerning to me

The big guys do raise the price

No. Whoever taught you economics didn’t do a very good job no offense 😂

Sure it’ll lower the value of the dollar but honestly we need to get inflation going straight then maybe that’s the only way unless the businesses can reopen or we stop spending massive buck and losing money because the government spends way too damn much

But the price raise is usually a few cents

It was a liberal so understandable

Printing money is a good way to get hyperinflation

Youll never believe this but I got the highest grade in my economic class :/

I feel bad for the other students

If I can’t really keep up with seemingly other average people then idk how the others in my class would handle economic problems

Tbh I’m partially studying economics

Alright, I did do some research. Small raises in minimum wage can actually reduce prices. Wack. Not what was taught by my economics class, that’s for sure 😂

Economics works in strange and mysterious ways

Wait wtf

Let’s become germany in the 1920’s lol

https://research.upjohn.org/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1278&context=up_workingpapers

Honestly whose idea was it to make economies so confusing?

The big thing is, don’t raise minimum wage like a bull in a china shop

Now the real debate is whether to tie the minimum wage increase to cost of living, inflation, or to a mix of the two. Either way they are very similar

Economics isn’t something someone made, not really. More like it made itself. It’s almost like a living being. We must study it, to understand how it works

Perhaps the average of them

That sounds good. I mean, you could argue cost of living is more important, but at the same time it is mainly affected by inflation. Average of the two would probably be best

IMO the best way to save the economy has always been the same. GOVERNMENT STOP SPENDING SO MUCH DAMN MONEY!