For the results of deflation:
See the Great Depression
See the Great Depression
Do you ever get a raise at your job?But higher salaries ARE earned. They are obtained via getting a promotion or moving to a job that's harder or has higher requirements, which means you are taking on more responsibility and working harder. The problem with inflation is that it basically devalues our work. You try to get ahead, but you're not really getting ahead. Same with investing. You can put a bit of money on the side to invest, but whatever gains you got over many years just get offset by inflation. Inflation is a bad thing. Only the rich and the government benefit from it.
Good news then: in aggregate, wages are outpacing inflation.I'm gonna go get a Job as a Billionaire. Then I'll tell others to get a Promotion or a new Job like I did.
Problem solved. Why hasn't anyone else thought about it? It's because I'm a genius...
All wages need to rise with Inflation or everyone gets impoverished.
If people need to switch jobs to cope with Inflation, point 1 seems questionable. Our baseline expectations of what the Economy should be doing is inadequate to begin with. There are Hard Working people who are Homeless. There was a time when this was not an issue. Until some Wealthy convinced Governments to help suppress the wages the vast majority relied on.Good news then: in aggregate, wages are outpacing inflation.
And it's also almost always been true that the biggest raises come through job switching.
Switching jobs is something people should always consider if they want more money, regardless of inflation.If people need to switch jobs to cope with Inflation, point 1 seems questionable. Our baseline expectations of what the Economy should be doing is inadequate to begin with. There are Hard Working people who are Homeless. There was a time when this was not an issue. Until some Wealthy convinced Governments to help suppress the wages the vast majority relied on.
And locations. This is where I was born and going to die is old school crap.Switching jobs is something people should always consider if they want more money, regardless of inflation.
As for homelessness, there is a solution for that too: allow more homes of all shapes and sizes to be built in the places people want to live. It's a really big problem that old, used homes have skyrocketed in cost and moved them out of reach of so many.
Jesus Christ, the stupidity. Sales tax already takes inflation into account BECAUSE it's percentage based. The price of goods go up and the taxes collected also goes up because the sales tax takes a PERCENTAGE of that.
Yes congratulation you've just now learned that the cost of living rises every year, as it always has. That's why cost of living raises are a thing. I'm sure putting pro business politicians in office will increase the cost of living raises that business give out
You'll never convince the people already in the deep end. The only hope is that public discourse is like a play, and you'll capture the fence sitters who don't think too hard one way or the other on the issue.Red highlights the real issue, an ignorant populace. Despite explaining to him how things work like taxes, inflation, do you think he’ll adjust his thinking? No. So how do we educate the public so they learn these basic facts unwittingly?
Do you ever get a raise at your job?
So you are in a union?Depends on how good of a contract we get. Our last contract saw the best increases ever, it was 2% for 4 years in a row. Still not enough to make up for increasing costs of living though. This is our last year in this contract, I don't imagine we will get raises in our next one as we'll just be told we got good ones last contract and should be lucky we got that. Typically we get something like 0.5, 0.5, 1, 1 for a 4 year contract. But lot of them it's zero. This was our first contract in a while that we got something.
Switching jobs is also not really the answer, I look around for fun sometimes, there's really not much that pays this good without requiring very special skills completely outside of my field, ex: would require going back to school. Can't afford to have zero income for 3-4 years. And even if I found something in my field it still means starting over. Back to 2 weeks of vacation, lower on to totem pole of seniority, lower salary etc. It just makes no sense in may aspects.
Long term, moving on the off grid property is still going to be my best bet if I want to keep a quality of life vs work ratio and actually get to retire at a decent age. What I'll probably end up doing is finding some sort of gig I can do remotely, or in summer only. Won't pay as much as my current job, but with my low expenses I'll get to pocket most of the money I do make. That will go towards hobbies, improvements on the property etc.
I do worry that at some point they change the rules and start taxing these areas at a similar rate as the city as sometimes amalgamations happen. I'm far enough from the boundary that I don't think it's going to happen though.
Uhh, those aren't good. Those are the kind of 'raises' i got working at walmart.Depends on how good of a contract we get. Our last contract saw the best increases ever, it was 2% for 4 years in a row. Still not enough to make up for increasing costs of living though. This is our last year in this contract, I don't imagine we will get raises in our next one as we'll just be told we got good ones last contract and should be lucky we got that. Typically we get something like 0.5, 0.5, 1, 1 for a 4 year contract. But lot of them it's zero. This was our first contract in a while that we got something.
Uhh, those aren't good. Those are the kind of 'raises' i got working at walmart.
You need to work for a professional company who treats their employees like professionals.
It's like that everywhere, companies are feeling the squeeze just as much as we are. At the end of the day they still have to please the shareholders so the employees are not exactly priority. But it's not better anywhere else. Even the mines are struggling right now and one of the largest basemetal mines in the world here in Canada is actually rumoured to close soon. My company is actually in the top 100 employers in Canada.
It’s absolutely not like that “everywhere”. When is the last time you applied for other jobs? You act like you have omnipotent knowledge of the job market and it is really hurting you. I think many of us actually want what’s best for you and that’s why it’s painful for us to see.It's like that everywhere, companies are feeling the squeeze just as much as we are. At the end of the day they still have to please the shareholders so the employees are not exactly priority. But it's not better anywhere else. Even the mines are struggling right now and one of the largest basemetal mines in the world here in Canada is actually rumoured to close soon. My company is actually in the top 100 employers in Canada.
This whole thread has diverted into trying to teach someone economics.
And it looks like you'd have better results if you were trying to teach a labradoodle.
Our Conservative party is Maple MAGA. So the anti American hate has greatly united Canada back left. While I doubt the Liberals will win the federal election, it won’t be a majority win. So as long the liberals are the opposition (well even if not, NDP and Bloc won’t side with them) will block any insane anti DEI policies.Canada has a new PM
Acyn (@acyn.bsky.social)
Carney: Canada never ever will be part of America in any way, shape, or form. We didn’t ask for this fight, but Canadians are always ready when someone else drops the gloves.bsky.app
When Trudeau announced his resignation the Cons had more than a 20 point lead, it's been disintegrated and Liberals appear to have a slight lead in the latest polls
Opinion polling for the 2025 Canadian federal election - Wikipedia
en.wikipedia.org
You can't work while you go to school so you'd have years of no income? You are just a lazy bum. I'm not a big workaholic but when I went back to college in my later twenties I worked two jobs and went full time. My tuition was paid for, I just worked for living expenses.Depends on how good of a contract we get. Our last contract saw the best increases ever, it was 2% for 4 years in a row. Still not enough to make up for increasing costs of living though. This is our last year in this contract, I don't imagine we will get raises in our next one as we'll just be told we got good ones last contract and should be lucky we got that. Typically we get something like 0.5, 0.5, 1, 1 for a 4 year contract. But lot of them it's zero. This was our first contract in a while that we got something.
Switching jobs is also not really the answer, I look around for fun sometimes, there's really not much that pays this good without requiring very special skills completely outside of my field, ex: would require going back to school. Can't afford to have zero income for 3-4 years. And even if I found something in my field it still means starting over. Back to 2 weeks of vacation, lower on to totem pole of seniority, lower salary etc. It just makes no sense in may aspects.
Long term, moving on the off grid property is still going to be my best bet if I want to keep a quality of life vs work ratio and actually get to retire at a decent age. What I'll probably end up doing is finding some sort of gig I can do remotely, or in summer only. Won't pay as much as my current job, but with my low expenses I'll get to pocket most of the money I do make. That will go towards hobbies, improvements on the property etc.
I do worry that at some point they change the rules and start taxing these areas at a similar rate as the city as sometimes amalgamations happen. I'm far enough from the boundary that I don't think it's going to happen though.
Wow that polling flip is wildOur Conservative party is Maple MAGA. So the anti American hate has greatly united Canada back left. While I doubt the Liberals will win the federal election, it won’t be a majority win. So as long the liberals are the opposition (well even if not, NDP and Bloc won’t side with them) will block any insane anti DEI policies.
More of Canadians tired of Trudeau vs moving to the rightWow that polling flip is wild