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Claustrum

(4,845 posts)
1. Do you see that once wages go up, inflation suddenly comes?
Wed Aug 24, 2022, 09:44 AM
Aug 2022

Not to mention when workers have more choices and start being more picky about job opportunities, they go after "quiet quitting". It's clear they don't want to power dynamic to favor the workers.

uponit7771

(90,344 posts)
2. +1, ... and it doesn't matter if its true for the broader employment market either. Wages didn't
Wed Aug 24, 2022, 09:50 AM
Aug 2022

... go up among the lower 50% wages like it did for top 50% wages but corps flung up prices like it was no tomorrow.

I'm thinking that's going to bite them in the butt because of inventory is going to whiplash

Claustrum

(4,845 posts)
3. I guess finally "supply and demand" is going to bite them in the butt.
Wed Aug 24, 2022, 09:53 AM
Aug 2022

When you increase prices unreasonably, demand decreases and good luck with your supply......

Though, I am not rooting for this because when corporations/companies faces lower profit, they will cut the workers first. So it will end up hurting the workers as well..... I just wish they don't let corporate greed run rapid for their own profit in the first place.

uponit7771

(90,344 posts)
5. +1, ... great minds !!! (link)
Wed Aug 24, 2022, 10:01 AM
Aug 2022
https://www.bloomberg.com/news/articles/2022-08-18/end-of-us-splurge-bedevils-retailers-left-with-bloated-inventory

Walmart, which saw inventory levels jump by almost one-third in the first quarter, canceled billions of dollars in orders and slashed prices on items such as apparel. In the second quarter, it reduced the number of shipping containers in its system by half to match stockpiles with demand, and inventory growth slowed to 25% from a year earlier, compared with a 32% increase in the first quarter.

sop

(10,187 posts)
4. "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're
Wed Aug 24, 2022, 09:57 AM
Aug 2022

winning.” ― Warren Buffett

Hortensis

(58,785 posts)
6. Actually, the right's culture war inferno is from the base up. It's horribly
Wed Aug 24, 2022, 11:11 AM
Aug 2022

and dangerously real. RW powers have done a fairly good job of directing it to burn their opponents and clear the way for them, but they're unable to control it and rightfully afraid to cross it.

You may be happy to know, or not, that the RW base's passions have also been spreading for some time to embrace class war issues, including wealth distribution, healthcare, etc.

But the "or not" is because we really need to have to be worried about getting what we wish for. What would happen if some of Sanders' idealistic class warriors and the alt-left's various viciously antagonistic populist types, including LW authoritarians, were subsumed into a "class warfare" movement dominated by far right extremists?

Remember, in the end, no matter what label "revolutionaries" might put on it, authoritarian conservatives support hierarchical authoritarian class structures and LW authoritarians support authoritarian government. Also, RW extremist leaders usually genuinely embrace some far-left ideas, at least early on, which helps them draw supporters from across the spectrum.

Ask the goulash of humanity that supported Hitler's National Socialist German Worker's Party then promptly found themselves living in a farthest-right fascist police state.

edhopper

(33,580 posts)
7. The GOP has been very good
Wed Aug 24, 2022, 01:39 PM
Aug 2022

at grabbing these cultural issues so that the fools support keeping their wages low, their medical care expensive and deprived to many, making sure the rich don't pay taxes, etc...
To keep their guns and their God, the base has fully supported the policies that harm them most.

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