View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jamie153 who wrote (480520)	10/2/2021 12:23:57 PM
From: Wharf Rat	Read Replies (2) of 542598

"Invest in the country instead" We've already invested over $6T in the last 18 months. You might not like the way it was invested, but the faucet was wide open. The infrastructure bill and the reconciliation bill will be another $3.5T. That's a lot of money for one spending spree. We already have 2 million more jobs than job seekers. Biden was talking about creating 15 million more jobs, so we need 17 million workers. Here's where we're headed: What Is the Wage-price Spiral? The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. The wage-price spiral suggests that rising wages increase disposable income raising the demand for goods and causing prices to rise. Rising prices increase demand for higher wages, which leads to higher production costs and further upward pressure on prices creating a conceptual spiral. investopedia.com That's in addition to the acute shortage of housing and cars due to fires and floods, which will drive up the cost of building materials, appliances and home furnishings, and the acute shortage of goods because the Port of LA is jammed up, and the acute shortage of new cars because of the acute shortage of chips. Car sales plunge as chip shortages choke off supply . New car sales plunged over the last three months in the United States despite strong demand, as the shortage of computer chips and other... . 21 hours ago

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next