The problem with inflation is wages aren’t keeping pace. If they were, people wouldn’t be this poor.
The solution is:
Short-term, wages need to catch up. Stronger bargaining power, indexing pay to real cost of living increases & not the government’s massaged CPI number.
Long-term, the real fix is the currency itself. When money is printed faster than the economy grows, wages will always be chasing a moving target. Fix the money, fix the incentive to keep printing it.
JB | Onchain
jbonchain@yakihonne.com
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Hashing on Ocean. Publishing on Nostr ⛏️
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Word of the day: Abundance
Somebody use it in a sentence like how we use to do in grade school
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Inflation = increase in money supply
Learning about taxes when it comes to bitcoin mining.. this shit is stupid 😂
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A Barnes & Noble is shutting down near me & they’re having 50% off 😎
Anybody want a book ? 😎
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Companies don’t want to go out of business so they pay the employees less..
So get paid less when we have inflation rising at crazy rates ?
Got it. Fuck the people I guess 😂
God is good
It’s no blueprint to this Life thing.
All I can do is be happy. & live with the results.
Amen