Interesting that of the categories listed, education has the second lowest inflation rate since 1800. Recreation was the lowest.
$1 in 1800 → 2021 | Inflation Calculator (officialdata.org)
Insurance License Suspended over failure to pay College Loans
- Thread starter Cornelius
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$1 in 1800 → 2021 | Inflation Calculator (officialdata.org)
- 11,474
Is the papermill job a union job?
Higher margin businesses should be increasing their wages as they are successful. Low margin businesses (such as restaurants)... keep their eye on containing costs (in most cases). Even then, you'll be surprised how many complaints happen when the menu costs go up while they're also voting to increase the minimum wage.
So I'll just add this: I'm all for wages increasing. I'm against the government forcing it as it's it's own form of inflation.
Higher margin businesses should be increasing their wages as they are successful. Low margin businesses (such as restaurants)... keep their eye on containing costs (in most cases). Even then, you'll be surprised how many complaints happen when the menu costs go up while they're also voting to increase the minimum wage.
So I'll just add this: I'm all for wages increasing. I'm against the government forcing it as it's it's own form of inflation.
- 5,916
So now look at cost of tuition inflation rate since 1990.
You are wrong on this .. dead wrong. You need to take a breath and think first. You are knee jerking instead of thinking.
- 5,916
Yes it was... The company required the workers to have a union. I know that is a switch but we made newsprint and the NYT was one of our customers along with other union newspapers. If the publisher brought in a toll of newsprint that was not union made, the printers would not load it on the presses. When the plant started in 1954, it and the railroads were probably the only union shops in the area.
- Thread starter
- #46
- 1,953
Has anyone noticed some fast food portions have gotten smaller? Entertainment tickets, concessions and parking have skyrocket?
It's getting to a point a man can't afford to have a second family across town. But for real folks the prices of goods and services can only go so high or the cycle starts over again.
One thing this pandemic proved is education can go online. So the genie is out of the bottle. People are buying homes but for the older boomers who get closer or go to their maker their are going to flood the market with homes they don't want.
$125,000 of equity? What? Sell it..Times are changing..Oh yea. Let's not forget taxes. Someone has to pay..
It's getting to a point a man can't afford to have a second family across town. But for real folks the prices of goods and services can only go so high or the cycle starts over again.
One thing this pandemic proved is education can go online. So the genie is out of the bottle. People are buying homes but for the older boomers who get closer or go to their maker their are going to flood the market with homes they don't want.
$125,000 of equity? What? Sell it..Times are changing..Oh yea. Let's not forget taxes. Someone has to pay..
- 5,463
It says "Education and Communication" but doesn't seem to go into detail. Maybe higher education was super expensive in 1800? Either way, something is definitely not adding up here.
- 25,998
I was about to argue this one. I have flown round trip from California to DC three times in about the last six months. The last time three weeks ago. Super cheap. It was $221 RT. And picked my seats.
Going again at the end of June Almost $600 ^%$#!!!
- 5,916
A one pound boxof pasta is now only 12 ounces, and a half gallon of ice cream is now something measured in miniature European units.
It won't be long before the government will have us buying gas by the liter instead of the gallon to disguise higher prices.
We have had rampant inflation since the Fed first stepped into the economy in a heavu handed way after the dot.com bubble and 9/11 ... that is what started housing on its tear. Even the housing bubble was only a very localized bubble - the real bubble was in bad credit and sub-prime lending.
As interest rates have gone down, bond prices have gone up. Housing has been acting as a proxy for the bond market (or in sumpathy to the bbond market).
Once interest rates head higher (already happening) and bond prices enter their bear market that will likley last 15 to 40 years, housing will come down hard. Why? Because housing is acting as a bond. If interest rates are 3%, the payment on the $300K 30 year mortgage is about $1264. When I bout my home 21 years ago, $170K 30 year mortgage was 8.125% which cost $1262.25 per month. Here is the problem: The same income that qualifies you for $300K at 3% will only qualify you for $170K at 8.125% ... now what happens when folks who bought in a 3% interest rate environment have to sell into an 8% interest rate environment. Answer: They either take a big hit or they do not sell.
Mark this post and look at it in 2035: The housing market will be slowed to a crawl.
This is simple math and then using that math to ask simple questions.
The same math will tell you why the old folks who think people should work for the price of a Big Mac and large coke/hour are dead wrong.
Several states already have minimum wages north of $13 and none of that happened.
Also, plot home prices over the last 20 years. When you look over that time frame, housing prices don't look crazy at all.
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