Hey Jessiemployees As a salaried worker myself, I know first hand that salaries don't stretch as far as they used to. Even if you are getting inflation-based increases or above that, you're moving into higher tax brackets and having to give more of your disposable income to governments. The idea of earning more money also doesn't help much when we fall for hedonic adjustments and adaptation encourages us to improve our lifestyle and purchase better or newer goodies with our newly found income. It can quickly catch up to us, and many of us regardless of how well we live could only be 1, 2 or 3 paycheques from ruin. Living on cash flow and not having savings is a dangerous place to be even in the most stable of times, but when you're earning a currency that is losing value each year, it adds a layer of complexity. ![wagedeflation.png](https://files.peakd.com/file/peakd-hive/chekohler/pz9Z7cXV-wage-deflation.png) ## Efficiency deflates wages Technology is moving at a rapid pace, and each year it gets exponentially better and reducing the need for human labour, machine learning, AI, 3D printing, Computer processing power, internet speeds, IoT, Blockchain and more are all slowly starting to converge and provide levels of efficiency we've never seen before. This should, in theory, be a good thing; it removes us from doing menial work. It gives us more leisure time and makes miserable jobs easier to deal with as computers take over many rudimentary tasks. ## We've lost out on deflationary gains for years Since we're still very much entrenched in a fiat money system where we measure everything in a currency that loses value, we've lost out on years of deflationary gains. When our labour was worth much more, we cannot enjoy that labour gains since what we were rewarded in, save in and spend in losses its value. ## Spreading the gains of technology Instead of sharing the benefits of technology, the way our monetary system is set up means labour has to compete as we don't live in a savings based world. As people compete with computers, we find labour becomes redundant, jobs are automated, and the jobs around aren't paying much short of specific niches, like technology or medicine. The vast majority of industries have been disrupted by the productivity gains of technology. Technology with time may eliminate labour, and we'll have a smaller job market for traditional jobs, and new jobs will have to be created of which many will not be able to adapt to and fall into cracks of soceity. ## Money that can be transported through time One way to solve this issue is to have money transported through time and capture the share of the world's productivity. Money that cannot be debased and provides a way to store unused purchasing power of the past. Fiat cannot compete with the technological deflation, and eventually, it will break as these two forces collide. This is one of the reasons why I think Bitcoin flourishes in the new world of technology. We need a new form of money for all the productivity we've created. ## Have your say What do you good people of HIVE think? So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie." ## Let's connect If you liked this post, sprinkle it with an upvote or esteem and if you don't already, consider following me @chekohler and subscribe to my [fanbase](https://hive.vote/dash.php?i=2&fan=chekohler) | Safely Store Your Crypto | Deposit $100 & Earn $10 | Earn Interest On Crypto | | -------- | -------- | -------- | | [![ledger.jpg](https://files.peakd.com/file/peakd-hive/chekohler/0bRgX2Xj-ledger.png)](https://shop.ledger.com/pages/ledger-nano-x?r=86230752f12e) | [![Blockfi.jpg](https://files.peakd.com/file/peakd-hive/chekohler/yZp4dTQo-blockfi201.png)](https://blockfi.com/?ref=9e46452c)| [![cryptocom.jpg](https://files.steempeak.com/file/steempeak/chekohler/YXJUY7oD-cryptocom.jpg)](https://crypto.com/app/chekohler)| <hr> [![celciusnetwork.jpg](https://files.steempeak.com/file/steempeak/chekohler/fh3Eg5v4-celcius-network.jpg)](https://celsiusnetwork.app.link/175623c5f1) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chekohler/the-insidious-wage-deflation)
author | chekohler | ||||||
---|---|---|---|---|---|---|---|
permlink | the-insidious-wage-deflation | ||||||
category | hive-167922 | ||||||
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["wages","deflation","economics","point","government","palnet","archon","neoxian","investing","infowars","leofinance"],"canonical_url":"https://leofinance.io/@chekohler/the-insidious-wage-deflation","links":["https://hive.vote/dash.php?i=2&fan=chekohler","https://shop.ledger.com/pages/ledger-nano-x?r=86230752f12e","https://blockfi.com/?ref=9e46452c","https://crypto.com/app/chekohler","https://celsiusnetwork.app.link/175623c5f1"],"image":["https://files.peakd.com/file/peakd-hive/chekohler/pz9Z7cXV-wage-deflation.png","https://files.peakd.com/file/peakd-hive/chekohler/0bRgX2Xj-ledger.png","https://files.peakd.com/file/peakd-hive/chekohler/yZp4dTQo-blockfi201.png","https://files.steempeak.com/file/steempeak/chekohler/YXJUY7oD-cryptocom.jpg","https://files.steempeak.com/file/steempeak/chekohler/fh3Eg5v4-celcius-network.jpg"]} | ||||||
created | 2021-01-27 06:07:42 | ||||||
last_update | 2021-01-27 06:07:42 | ||||||
depth | 0 | ||||||
children | 36 | ||||||
last_payout | 2021-02-03 06:07:42 | ||||||
cashout_time | 1969-12-31 23:59:59 | ||||||
total_payout_value | 3.410 HBD | ||||||
curator_payout_value | 2.597 HBD | ||||||
pending_payout_value | 0.000 HBD | ||||||
promoted | 0.000 HBD | ||||||
body_length | 4,234 | ||||||
author_reputation | 524,332,427,393,665 | ||||||
root_title | "The Insidious Wage Deflation " | ||||||
beneficiaries |
| ||||||
max_accepted_payout | 1,000,000.000 HBD | ||||||
percent_hbd | 0 | ||||||
post_id | 101,576,862 | ||||||
net_rshares | 31,081,470,140,797 | ||||||
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
tombstone | 0 | 19,440,865,790 | 0.9% | ||
modeprator | 0 | 729,380,771 | 100% | ||
meesterboom | 0 | 1,891,480,780,764 | 100% | ||
inertia | 0 | 1,846,431,551,642 | 100% | ||
brianphobos | 0 | 69,769,494,046 | 100% | ||
sazbird | 0 | 5,594,358,259 | 50% | ||
wisbeech | 0 | 8,115,223,915 | 100% | ||
novacadian | 0 | 24,149,973,088 | 100% | ||
abh12345 | 0 | 421,733,513,212 | 15% | ||
r0nd0n | 0 | 36,509,931,158 | 50% | ||
filotasriza3 | 0 | 9,513,329,923 | 20% | ||
sudutpandang | 0 | 1,934,810,636 | 35% | ||
teammo | 0 | 196,550,996,484 | 100% | ||
freebornsociety | 0 | 1,801,267,442 | 10% | ||
roomservice | 0 | 20,403,129,291 | 2.25% | ||
jaynie | 0 | 836,724,847,074 | 40% | ||
spectrumecons | 0 | 1,344,872,476,329 | 26% | ||
agr8buzz | 0 | 7,143,846,124 | 100% | ||
ladybug146 | 0 | 142,114,521,720 | 100% | ||
bien | 0 | 761,257,487 | 20% | ||
droida | 0 | 203,932,707,707 | 100% | ||
themarkymark | 0 | 2,822,859,988,607 | 12% | ||
pixelfan | 0 | 31,699,586,488 | 5.8% | ||
costanza | 0 | 208,690,749,329 | 100% | ||
noloafing | 0 | 24,633,949,494 | 100% | ||
buildawhale | 0 | 8,077,625,907,764 | 12% | ||
tomiscurious | 0 | 7,929,328,053 | 3.59% | ||
therealwolf | 0 | 1,100,476,186,204 | 3% | ||
simplifylife | 0 | 190,567,499,500 | 100% | ||
fatman | 0 | 4,945,125,995 | 2% | ||
kerrislravenhill | 0 | 59,931,990,464 | 60% | ||
makerhacks | 0 | 34,013,555,138 | 12% | ||
sayee | 0 | 2,436,403,198 | 2.5% | ||
jondoe | 0 | 31,070,716,591 | 100% | ||
steemseph | 0 | 82,862,236,994 | 100% | ||
investegg | 0 | 267,738,752,412 | 10.12% | ||
craigcryptoking | 0 | 51,940,091,761 | 100% | ||
vegoutt-travel | 0 | 17,581,151,495 | 26% | ||
thomas10 | 0 | 644,133,865 | 100% | ||
fulcrumleader | 0 | 5,829,116,862 | 100% | ||
drillith | 0 | 6,408,200,472 | 4% | ||
kaniz | 0 | 1,314,243,307 | 50% | ||
smartsteem | 0 | 193,477,063,277 | 3% | ||
citizensmith | 0 | 219,313,580,776 | 100% | ||
upmyvote | 0 | 7,733,686,824 | 12% | ||
fun2learn | 0 | 5,036,198,586 | 5% | ||
epic-fail | 0 | 220,309,985,613 | 70% | ||
tryskele | 0 | 2,695,238,852 | 3% | ||
edicted | 0 | 2,775,617,847,386 | 100% | ||
chorock | 0 | 373,277,609,282 | 40% | ||
tobias-g | 0 | 4,752,529,252 | 9% | ||
sportfrei | 0 | 27,353,768,369 | 50% | ||
letshodl | 0 | 610,848,267 | 100% | ||
mamun123456 | 0 | 674,046,995 | 2.5% | ||
penderis | 0 | 52,585,095,606 | 60% | ||
movement19 | 0 | 973,601,548 | 3% | ||
jasonwaterfalls | 0 | 654,168,184 | 90% | ||
j85063 | 0 | 52,904,674,866 | 11% | ||
zemiatin | 0 | 37,290,328,684 | 50% | ||
zaku | 0 | 5,973,947,269 | 5% | ||
stmdev | 0 | 391,321,247 | 10% | ||
jersteemit | 0 | 971,879,316 | 42.5% | ||
rollandthomas | 0 | 1,900,656,931 | 2% | ||
break-out-trader | 0 | 8,328,747,534 | 100% | ||
nickyhavey | 0 | 1,117,181,094,078 | 50% | ||
meins0815 | 0 | 8,999,893,431 | 23% | ||
ifeoluwa88 | 0 | 2,043,207,416 | 5% | ||
crimo | 0 | 694,553,305 | 11.5% | ||
enforcer48 | 0 | 135,969,503,887 | 15% | ||
insaneworks | 0 | 64,959,196,975 | 50% | ||
steem.girl | 0 | 1,034,157,773 | 100% | ||
deepu7 | 0 | 6,506,421,359 | 1.5% | ||
sbi5 | 0 | 143,105,353,867 | 89.33% | ||
dalz | 0 | 169,720,687,840 | 35% | ||
zuerich | 0 | 499,795,480,592 | 10% | ||
bdvoter | 0 | 3,003,053,552,338 | 5% | ||
priyanarc | 0 | 34,007,359,166 | 10% | ||
steempope | 0 | 397,185,131 | 70% | ||
smokingfit | 0 | 5,400,627,868 | 100% | ||
optimizer | 0 | 650,021,756 | 2% | ||
elkaos | 0 | 3,099,494,983 | 30% | ||
clockviper | 0 | 43,695,747 | 13% | ||
rem-steem | 0 | 2,973,743,990 | 2% | ||
rana2423 | 0 | 910,972,091 | 2.5% | ||
olaexcel | 0 | 734,101,651 | 2.5% | ||
epicdice | 0 | 3,796,629,248 | 0.9% | ||
unmetered | 0 | 42,062,811 | 20% | ||
charcoalbuffet | 0 | 4,975,713,282 | 100% | ||
haxxdump | 0 | 114,182,878 | 10% | ||
astil.codex | 0 | 1,074,379,075 | 70% | ||
nichemarket | 0 | 5,611,301,372 | 100% | ||
leovoter | 0 | 1,099,775,115 | 50% | ||
partitura.leo | 0 | 232,728,557 | 75% | ||
vxc.leo | 0 | 62,703,441 | 21% | ||
bearjohn | 0 | 1,335,759,879 | 75% | ||
mktmaker | 0 | 686,110,065 | 72.75% | ||
ilias.fragment | 0 | 1,067,835,869 | 70% | ||
dfacademy-sports | 0 | 1,519,791,063 | 35% | ||
sbi-tokens | 0 | 3,015,700,813 | 7.14% | ||
logiczombie | 0 | 72,289,919,745 | 16.66% | ||
korver | 0 | 14,703,306,058 | 50% | ||
ph1102.leo | 0 | 1,012,531,221 | 88% | ||
spinvest-leo | 0 | 1,725,899,949 | 5% | ||
tonimontana.leo | 0 | 971,610,659 | 50% | ||
tonimontana.neo | 0 | 0 | 1.51% | ||
abh12345.medi | 0 | 3,711,065 | 15% | ||
pjansen.leo | 0 | 38,164,130 | 50% | ||
arsenal4life | 0 | 4,521,722,824 | 100% | ||
jeffmackinnon | 0 | 2,972,724,521 | 100% | ||
toni.pal | 0 | 0 | 1.49% | ||
gimp | 0 | 56,726,414,303 | 9% | ||
steem-holder | 0 | 10,241,263,092 | 14.5% | ||
davidlionfish | 0 | 7,578,221,105 | 100% | ||
drew0 | 0 | 617,920,475 | 5% | ||
captainhive | 0 | 533,400,390,958 | 26% | ||
quello | 0 | 1,229,583,477 | 9% | ||
hextech | 0 | 14,054,414,372 | 66% | ||
hiveonboard | 0 | 3,817,879,379 | 2.25% | ||
nautilus-up | 0 | 772,483,695,211 | 10% | ||
poshbot | 0 | 102,570,099,143 | 12% | ||
dannewton | 0 | 14,838,043,979 | 50% | ||
hivecoffee | 0 | 2,467,746,078 | 100% | ||
recoveryinc | 0 | 26,529,892,894 | 6% | ||
dying | 0 | 3,878,046,749 | 6% | ||
guurry123.leo | 0 | 912,896,531 | 60% | ||
thahodler | 0 | 602,033,076 | 100% | ||
abdul.qadir | 0 | 0 | 2.9% | ||
ztfo | 0 | 1,633,687,968 | 100% | ||
bepresent | 0 | 958,129,821 | 100% | ||
resiliencia.leo | 0 | 3,053,144,076 | 100% | ||
tin.aung.soe | 0 | 17,679,987,807 | 33% | ||
brofund-stem | 0 | 2,740,073,394 | 100% | ||
yousaf-sports | 0 | 776,022,414 | 10% | ||
netaterra.leo | 0 | 631,638,720 | 25% | ||
nathen007.leo | 0 | 1,629,610,343 | 25% | ||
he-index | 0 | 9,364,139,215 | 20% | ||
ctpsb.leo | 0 | 641,201,094 | 100% | ||
ravthijo | 0 | 1,878,168,522 | 100% | ||
moeen.leo | 0 | 1,002,337,387 | 100% | ||
ctpsb.cut | 0 | 697,912,457 | 20% | ||
hykss.leo | 0 | 47,779,931,500 | 50% | ||
exyy | 0 | 1,167,044,854 | 25% |
Was just talking to a cousin who graduated recently and his starting salary is about the same as mine when i graduated 15 years ago (similar jobs). Cost of living has gone way up since then of course. This isn't sustainable and either wages need to catch up or prices need to fall otherwise there's going to be a lot of instability. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@charcoalbuffet/re-chekohler-6sskqf)
author | charcoalbuffet |
---|---|
permlink | re-chekohler-6sskqf |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@charcoalbuffet/re-chekohler-6sskqf"} |
created | 2021-01-27 10:41:36 |
last_update | 2021-01-27 10:41:36 |
depth | 1 |
children | 5 |
last_payout | 2021-02-03 10:41:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.010 HBD |
curator_payout_value | 0.010 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 437 |
author_reputation | 66,599,523,594,413 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,579,188 |
net_rshares | 162,539,891,468 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
chekohler | 0 | 162,539,891,468 | 32% |
That is insane, 15 years of wage stagflation no one will be able to save and you'll have more working poor and with automation, it's even worse, more jobs get taken away. I did a calculation, my moms, first job with no experience if I price it in gold is double my salary when I had 5 years experience and thats what like a 30 year span
author | chekohler |
---|---|
permlink | re-charcoalbuffet-qnlam2 |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2021.01.3"} |
created | 2021-01-27 11:01:15 |
last_update | 2021-01-27 11:01:15 |
depth | 2 |
children | 4 |
last_payout | 2021-02-03 11:01:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 337 |
author_reputation | 524,332,427,393,665 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
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percent_hbd | 10,000 |
post_id | 101,579,377 |
net_rshares | 0 |
Wow. It certainly is becoming unaffordable. The cost of living from the 80s and early 90s is a distant dream. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@charcoalbuffet/re-chekohler-y4zvy)
author | charcoalbuffet |
---|---|
permlink | re-chekohler-y4zvy |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@charcoalbuffet/re-chekohler-y4zvy"} |
created | 2021-01-27 11:38:18 |
last_update | 2021-01-27 11:38:18 |
depth | 3 |
children | 3 |
last_payout | 2021-02-03 11:38:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 210 |
author_reputation | 66,599,523,594,413 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,579,728 |
net_rshares | 0 |
Here in India we pay 30% tax on salaries and above thatis 40% also. We are paying the tax on salaries and then road tax, service tax, entertainment tax, GST etc etc...
author | guurry123.leo |
---|---|
permlink | re-chekohler-2021128t165857287z |
category | hive-167922 |
json_metadata | {"tags":["wages","deflation","economics","point","government","palnet","archon","neoxian","investing","infowars","leofinance"],"app":"ecency/3.0.11-mobile","format":"markdown+html"} |
created | 2021-01-28 11:31:09 |
last_update | 2021-01-28 11:31:09 |
depth | 1 |
children | 3 |
last_payout | 2021-02-04 11:31:09 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.012 HBD |
curator_payout_value | 0.012 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 169 |
author_reputation | 229,812,224,470 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,594,696 |
net_rshares | 183,017,762,866 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
chekohler | 0 | 183,017,762,866 | 37% |
If you're paying all that tax, what is left over for the people to use for the rest of the month? here its 26% but if you earn a lot it can go up to 45%. We also have roadtax but thats added inot the petorl price and then VAT on all purchases. Can't say I am a fan considering not much of it goes to helping the country but hey its their money, they must do with it what they want, my money is Bitcoin
author | chekohler |
---|---|
permlink | re-guurry123leo-qnn81t |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2021.01.3"} |
created | 2021-01-28 12:01:06 |
last_update | 2021-01-28 12:01:06 |
depth | 2 |
children | 2 |
last_payout | 2021-02-04 12:01:06 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 403 |
author_reputation | 524,332,427,393,665 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,594,960 |
net_rshares | 0 |
Here for low income earner its starts from 5% then next slab 20% and third is 30% but its not flat.. means if you are in 30% slab that means for some portion you will pay 5% then for some portion 20% and for rest of portion 30% And if you are in high earner then it can increase upto 40%...
author | guurry123.leo |
---|---|
permlink | re-chekohler-2021128t20318874z |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"ecency/3.0.11-mobile","format":"markdown+html"} |
created | 2021-01-28 15:01:09 |
last_update | 2021-01-28 15:01:09 |
depth | 3 |
children | 1 |
last_payout | 2021-02-04 15:01:09 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 292 |
author_reputation | 229,812,224,470 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,597,094 |
net_rshares | 0 |
Here in India we pay 30% tax on salaries and above thatis 40% also. We are paying the tax on salaries and then road tax, service tax, entertainment tax, GST etc etc...
author | guurry123.leo |
---|---|
permlink | re-chekohler-2021128t17123668z |
category | hive-167922 |
json_metadata | {"tags":["wages","deflation","economics","point","government","palnet","archon","neoxian","investing","infowars","leofinance"],"app":"ecency/3.0.11-mobile","format":"markdown+html"} |
created | 2021-01-28 11:31:24 |
last_update | 2021-01-28 11:31:24 |
depth | 1 |
children | 0 |
last_payout | 2021-02-04 11:31:24 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 167 |
author_reputation | 229,812,224,470 |
root_title | "The Insidious Wage Deflation " |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 101,594,702 |
net_rshares | 0 |
Fiat currency is not meant to be a long term storage of wealth but an illusion of wealth that TPTB use to steal the labor from the people. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kerrislravenhill/re-chekohler-4ncmp9)
author | kerrislravenhill |
---|---|
permlink | re-chekohler-4ncmp9 |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@kerrislravenhill/re-chekohler-4ncmp9"} |
created | 2021-01-27 06:23:00 |
last_update | 2021-01-27 06:23:00 |
depth | 1 |
children | 1 |
last_payout | 2021-02-03 06:23:00 |
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If you can tap into the collective savings and productivity of your country at any time, who is not going to abuse that power? But its a two-way street people are allowing themselves to be abused when they don't protest by getting out of local currency. If you don't you say yes to more inflation, more taxes and more welfare programs, of which I am against, so I get out
author | chekohler |
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They certainly don't stretch as far as they used to for sure and here in Canada wages are also stagnating while your leadership drags our dollar even lower compared to US dollar, since much of our goods are bought in US dollars, well you know what happens. Rough times we live in but at some point it has to implode it's not sustainable. I like your mindset of storing crypto for future spending power as the fiat currencies continues their tailspin.
author | ladybug146 |
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Sorry, out of BEER, please retry later...
author | beerlover |
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Lol both my comments on this one coming from Canadian ladies, clearly there's something in the water there spreading reasonable economic ideas. Has anyone been monitoring how much local goods are going up over the last few years? I did a rough calc and for me, over the last 12 years its been 8 - 20% increase on a range of groceries, for example, bread is the big gainer of 20% increase per day for the last 12 years. So I'm getting cream'd they forcing me to get thinner, lol, and also save in anything but fiat, our stock market is 230% overvalued so not much going on there worth buying so I'm buying due to lack of options. Wouldn't some of that inflation be offset with your trade agreements with the US? Thought yall are buddy-buddy, not like us that get rammed every time the dollar spikes up a few percentage points, since we now don't have tourism to offset it, which we counted on as an import of foreign capital. !BEER
author | chekohler |
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I know eh! We also run in similar circles here on hive ( precious metals enthusiast). Yes indeed the economics have been harsh in the last few years. I haven't been keeping track of all the price gains exactly but trends and the fact that I haven't received a raise in a decade yet considered an essential service with no right to strike...that irks me a little. When the current leader was voted in power, everyone knew he was anti oil & Alberta oilsands and like it or not it's a cash cow for Canada on different levels in return. As soon as he got voted in, the Canadian dollar dropped 30% so all imported goods became that much more expensive over night but because of lack of jobs, wages are stagnant or going down. Add a year of lockdown light on top with worst employment disruption since the great depression. The exodus of oil sector jobs means 100 000 + 6 figure income jobs were wiped out overnight in Alberta to a total of over 400 000 high paying jobs lost and money not being spent n the economy impacting small local businesses that are now dropping like flies having to seek jobs instead of creating them. There is also supply/demand issues with pricing, one day you will go in and get your celery for $3 then next thing you know the next week it's $7. The same bag of coffee can be 18.99 on week, 14.99 2 weeks later or 8.99 on another than back up. Same effect on many items, prices are unstable, having gotten used to that fact, I load up when it's cheap. Rent, bills, real estate prices, everything is going up yet we are experiencing one of the highest rates of homelessness despite being the most progressive city in Canada in efforts to tackling the issue. Increased crimes, the signs are there for a bad brew. It just doesn't make sense anymore. The gov may have backdoor agreements but there was a tariff dispute with JT and Trump, no love there. Customer always pay full price regardless of backdoor deals.
author | ladybug146 |
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Check this out about the high skill blue collar job situation. It's like that here in Canada too for some trades. https://www.pbs.org/newshour/show/despite-rising-salaries-the-skilled-labor-shortage-is-getting-worse?fbclid=IwAR1s6xWa3FWRBigiRGaac3FAzdJ9OZJV5xxjNmRLzjkwABrgkd2gdHKJXEQ
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It makes sense, trade skills are seen "old" economy job and those people are ageing out and not enough people are taking their place, (which would normally be filled by migration) but from developed to developing nations we were all sold this dream of being office workers and keyboard crusaders of the digital age and have no skills just paper skills. I do feel that the shortage is only temporary, 3D printing and robotics will gobble up a lot of trade work, no need to pay labour, health, workman's comp, it saves a tonne of money. So I don't believe this blue-collar job shortage is a viable solution long term. I don't know if you've seen how they automating jobs out of smartphone manufacturers like they literally get engineers to study the engineers building the phone and then build computers and robots to do that complex work. It's nuts how far we moving with productivity, the fact is technology is eating the world, I can see myself even being in tech could be out of a job in the near future and while i won't mind the leisure time and time to reskill or pursue something else, I'll need a type money that is going to last....
author | chekohler |
---|---|
permlink | re-ladybug146-qnqqb6 |
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Some jobs you can automate but not all. We are hard to automate yo. Yes no new young blood to replenish the aging skills but that's where priorities come to play. Right now people are crying poverty but looking down at those jobs. Do you want the fancy degree or a degree in what is available and pays well, many of those fancy degrees eventually join us when they are 40 anyway, wouldn't they be better off if they stopped whining in their 20's and just went the "low class" route to begin with making their 6 figures instead of student loans. We have a running joke in among us that we were told if we dropped out of school we would be forced to become dumb tardesmen yet we make sooo much more than a teacher or many other white collar jobs here, that is why these jobs are out of favor. Like the article I posted at the bottom, you pay as much to unclog your toilet as you do to see a doctor. Long term, are toilets going to be technologically advanced to self unclog? Some factory work will use more automation but some jobs you just can't replace. Tech degrees are fine and we need them for sure but tech doesn't run on pixie dust and unicorn farts. You need energy as long as there are humans. If you want that tech, you need the facilities to process the raw material to make that, someone not a robot has to maintain that so it keeps functioning like a well oiled machine. That's why my job is kinda relevant in many setting, I'm a welding engineer (more complicated than that since I technically work 2 different trades in one as a specialized skill), it doesn't mater what the industry as long as it joins metal in applications that require high pressure requirements. A robot isn't going to build that or build the internals once in place to bring a refinery from a piece of paper to a functioning reality. Realistically, oil, coal , green energy, pixie dust, it requires some form of processing and my job covers just about all that requires metal manipulation cold or hot. The world is moving fast into automation and high productivity but that will have other social implications with an increasing population and decreasing number of jobs. I bet you see the writing on the wall with blockchain too, that will cut a lot of jobs if implemented large scale. My job staying relevant or not I'm getting older and want to slow down a little in about a decade so it would be nice to have a hobby with a bit of revenue to compensate. Maybe I can eventually do something with my photography as I continue to upgrade my skills on my time off. I could always go teaching in my college when I get too old but I would prefer avoiding that and do something fun if I have to do a full on career switch. Why I'm thinking the nukes then call it a day come back and retire in the mountains. I hear you on a type of money that is going to last, hard to say. I think tangible goods is a way to go too. Why I struggle more with the crypto concept than the rest of you. It is convenient and has it's place for sure but also a lot of uncertainties.
author | ladybug146 |
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