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Old 08-28-2022 | 11:38 AM
  #62  
El Peso
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Originally Posted by interceptorpilo
You seem pretty good at math. So consider this: The devaluation of our contract due to inflation is 15% since 2019. Then IF inflation is just 6% over the next three years (which is entirely possible) then we would need a 37% raise just to not lose buying power. How does 30% over three years sound now? CRAZY??!!
Serious question. We are now seeing monetary tightening from the fed. Housing cost will fall, yes rent too despite the current spike. Supply chains are being worked out and prices on things like cars and furniture are returning to normal price range. Now of course you have energy cost but that’s what happens every time a dem starts a war with oil, and that of course matriculates throughout the economy. Hopefully they’re gridlocked after November.

Now the question. Do you not believe that CPI items are going to go down in the future? Do you think that the housing cost, energy cost, grocery cost etc are here to stay and will only continue to climb from now on? Most of these issues (minus the energy cost) were driven by COVID lockdowns.
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