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Inflation yaay!
(lemmy.world)
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this post was submitted on 11 Aug 2023
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That's just not how inflation works.
It does when the price of things goes up (especially on essentials) and creates profits and no one is paid enough to live but creates those profits.
If my employer refuses to pay me a living wage even though they can, I can't magically buy a new car if I need one, especially if the prices on cars went up by, example, 30%. ESPECIALLY if my employer refuses to pay me more.
It's inflated TWICE actually because the price goes up normally, and again because my pay did not increase. My pay actually took a loss because it didn't get raised enough to be proportional to x% inflation.
This is why rightoids don't care what leftists have to say about the economy fam. It doesn't matter to them if your overall point is correct when you go around redefining words to fit the agenda just because you don't know the actual terms.
You could have tossed out terms like purchasing power, cost of living, or even just slapped "effective" in front of inflation to sound like you remember your high school economics but instead you decided to call a deflationary pressure double inflation.
I went to private religious school dude, we did rosaries, not economics.
This is under the "I don't have to be a pilot to know an airplane doesn't belong in a tree" stuff, and if righties don't acknowledge basics like that, THAT is why we can't have nice things.