Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8533)	2/9/2022 2:44:27 AM
From: Maurice Winn	2 Recommendations Recommended By arun gera Gemlaoshi Read Replies (2) \| Respond to of 13803

Okay ElM, because I am magnanimous, kind, understanding and tolerant, and worked at Auckland Sheltered Workshops for the mentally and physically disabled, and had 4 children and have dealt with a very wide range of cognitively challenged people, I'm willing to explain simply. You are right that employers are unable to hire the people they want at the prices they are accustomed to paying. Paying double or quadruple the rate will mean the employer goes broke when their money runs out if they can't put up their prices to cover their extra costs. The businesses that lose their employees to higher paying jobs will go broke for lack of ability to supply customers. The businesses that go bust because they can't get employees, and can't put up their prices, ease competition for their competitors who are able to pay higher rates and put up their prices. The customers will whine like a fleet of Koreans, and Lucy Koh and might not be able to afford the new higher prices, so they will have to go without. Tough luck for them. They'll have to get one of those higher paying jobs to be able to afford to go shopping. The unemployed ex-business owners who are now looking for work have got lots of jobs to choose from and they might make more money than they were at their now bust businesses. It's a great big happy money go round ElM. It's called price discovery. Prices move up and down along with supply and demand. These are extremely complicated ideas which few can grasp other than international economic geniuses like me. If people want something, they have to work to get the money to buy it, or work to make it themselves. If they can't afford it, they can't have it. The underlyiing problem is that governments and their criminal central banks have gone hog wild diluting money with their MMT [magic money tree] theories. They make up flash new words to baffle the local yokels, such as quantitative easing, balance sheet expansion, blah blah blah. It all means they give themselves and their buddies giga$bucks of freshly minted loot. For a few decades, they got away with it without inflation because of 1..... Made in China whereby a billion lean and hungry desperate people were willing to work for just above nothing because it was all they could get. 2..... The vast and amazing technological revolution in science, genetic engineering, silicon chips, optical fibre, computing power, Metcalfes law meant prices falling fast for rapidly increasing performance. 3..... Huge economies of scale as billions of people came on stream as producers, inventors and consumers, freed from the yoke of the ploughshares and subsistence agriculture 4..... The century old industrial revolution continued apace with millions of improvements making everything better, cheaper, faster. The vastly expanded global economy meant countries in general and the USA with reserve currency in particular could go hog-wild with pixelating more loot for the rulers and their buddies and supporters to wallow in, without the inflation that previously followed close behind such dilution. But now, Made in China people are unwilling to work for peanuts, and there are not enough of them, even with Vietnamese, Indians, Koreans, Indonesians thrown in, to keep Americans and the rest of the world in the manner to which they had become accustomed. They no longer wished to work for nearly nothing. Their prices went up, up, up. Which is good, good, better. While prices are still falling for technological revolution performance, it's not enough to overcome the demographic shifts and economic advancement of billions out of poverty to higher paying jobs, and choices, and even higher paying jobs. While the industrial revolution continues, with airliners still getting more efficient for example, and production techniques for making cars and petrol continuing to improve, it's not in leaps and bounds. Not enough to cover the huge dilution by central banks and thieving wastrel governments with their bludging parasite electorates. The workers are all available right there out of thin air ElM. Just double double and double again the pay you offer and you will get the people you need. Put your prices up accordingly. If you can't sell your stuff at the new high prices, then your business is not worthwhile and it's time for you all to get real jobs where there is value and money to be made and customers wanting products and services. Noblesse oblige Mqurice