Re: Turn Out The Lights, The Party's Over
Date: January 21, 2022 10:20AM
Inflation is here to stay, especially with the increase in minimum wage. The wage increase isn't just for the burger flipper. Wage increase starts at the farm where they hire people to work, then for the people who package, then the shipping company, the drivers, marketing and accounting people for the fast food company, and the list goes on and on. This wage increase is across all industries.
Businesses pass on the costs to you. You pay the inflation tax when you buy things. And when you don't buy things, people will be laid off. Then production goes down and goods become scarce and their prices go up again.
Get ready for more bad news. When interest rates go up under Joe Biden and Kamala Harris, things will come to a stand still. The housing market (nationally) will slow to a crawl, businesses will slow down, and you will then be dealing with layoffs. 2022 is, unfortunately, going to be a tough year. And this is not taking into account that there will be at least one more covid variant fucking with the economy.
Stock up on canned goods.