Has inflation pushed you over the edge?

shiftdnb · 11-18-2021, 04:32 PM

Quote:

Originally Posted by upstatedoc

Chicken is the new steak!

I saw an interesting comment about this here when someone in a tailgating forum posted about the price of Brisket...

ryan stewart · 11-18-2021, 04:34 PM

Quote:

Originally Posted by shiftdnb

I saw an interesting comment about this here when someone in a tailgating forum posted about the price of Brisket...

Yeah Im from Kansas, paying a ton of money for brisket is against my religion. Even pre-covid Id hold off for sales. Its not that I can, its just the idea that a packer is an expensive sub-primal is insane.

Sara · 11-18-2021, 04:42 PM

Quote:

Originally Posted by ryan stewart

People drinking that shit now too?

I have an injured horse I’m trying desperately not to lose

ryan stewart · 11-18-2021, 04:49 PM

Quote:

Originally Posted by Sara

I have an injured horse I’m trying desperately not to lose

I wasn't accusing you of that.

Sara · 11-18-2021, 04:52 PM

Quote:

Originally Posted by ryan stewart

I wasn't accusing you of that.

Whew

LookBothWays · 11-18-2021, 05:15 PM

Quote:

Originally Posted by The Libertine

That’s just it: no one knows exactly how the market will play out. Pay more today, or hold-off and risk paying even more tomorrow....

Trust your gut. The reason we can't figure it out is because no one is telling the truth either that or they don't know. At some level someone has the figures and smarts so I'm going with they're lying. Does anyone believe this is transitory. I remember stagflation and it took years to overcome the spirals of higher prices and it took 16% interest rates to overcome it. I don't think our debt can survive 16% interests. It's major.

F30lolz · 11-18-2021, 05:31 PM

Inflation or no inflation, everyday above ground is a good day.

3.0L · 11-18-2021, 05:37 PM

Quote:

Originally Posted by F30lolz

Inflation or no inflation, everyday above ground is a good day.

And not waking up at room temperature.

vreihen16 · 11-18-2021, 05:38 PM

I received next year's tax bill for our SC retirement property. After looking at that, I opened up the Mickey D's app to see what a double quarter pounder meal costs in comparison. Holy crap, it is almost $12 now! A McRib meal is a smidge under $9 while supplies last. Anyway, the *yearly* property/school taxes on our wooded 5-acres are less than a REGULAR-sized Big Mac meal at our local golden arches franchise.

With the labor cost doubling due to NY's minimum wage hikes, it should come as no surprise to anyone with half a brain that the product sale prices will need to be doubled to pay those extra wages. Don't overlook the irony of those $15/hour workers spending $12 for the same fast food meal that was $6.50 when the minimum wage was $7.25/hour last year. Isn't this the definition of inflation?

I don't want to say anything more lest the discussion cross the line into a verboten political thread, but I am happy that our household is well off enough where the inflation isn't hurting us at the moment and feel bad for those who aren't as fortunate.....

JJ 911SC · 11-18-2021, 05:48 PM

Quote:

Originally Posted by cmyx6go

I’m fortunate to be in a position where I shake my head at the crazy increase in prices but can continue buying what I want. I truly feel for those in different situations that can’t afford things they need.

That is the problem with inflation, it hit hard on people that that can't "afford" it.

We live very comfortably and inflation actually add to our incomes because of 6 pensions that are adjust to the cost of living so it get indexed for this year CPI and that get carry over the years for the rest of our life year after year.

So the increase on next years pension adjustment, I will pass it to the local food bank which are in great need.

minn19 · 11-18-2021, 06:06 PM

Thankfully no, but I have a kid in hockey so driving all over the place plus going out to eat all the time etc. Sorry, I think I might be single handedly causing the fuel prices to rise. It seems like I’m always at a gas station filling up. Legit looking at an electric vehicle when the car bubble bursts (and it will).

M_Six · 11-18-2021, 07:58 PM

Quote:

Originally Posted by vreihen16

I received next year's tax bill for our SC retirement property. After looking at that, I opened up the Mickey D's app to see what a double quarter pounder meal costs in comparison. Holy crap, it is almost $12 now! A McRib meal is a smidge under $9 while supplies last. Anyway, the *yearly* property/school taxes on our wooded 5-acres are less than a REGULAR-sized Big Mac meal at our local golden arches franchise.

With the labor cost doubling due to NY's minimum wage hikes, it should come as no surprise to anyone with half a brain that the product sale prices will need to be doubled to pay those extra wages. Don't overlook the irony of those $15/hour workers spending $12 for the same fast food meal that was $6.50 when the minimum wage was $7.25/hour last year. Isn't this the definition of inflation?

I don't want to say anything more lest the discussion cross the line into a verboten political thread, but I am happy that our household is well off enough where the inflation isn't hurting us at the moment and feel bad for those who aren't as fortunate.....

We grabbed lunch at a McD's today for the first time in months. Two quarter pounders and two medium fries came to just over $16. We were a bit surprised. I hadn't considered the minimum wage hike causing that, but you're probably right.

TiMSport · 11-18-2021, 08:45 PM

Quote:

Originally Posted by M_Six

We grabbed lunch at a McD's today for the first time in months. Two quarter pounders and two medium fries came to just over $16. We were a bit surprised. I hadn't considered the minimum wage hike causing that, but you're probably right.

On a side note, I have feared McDonald's fries ever since I watched "Supersize Me" years ago. Lol.

In case you never saw that, you should. Those damn fries NEVER change in appearance nor texture after many months of aging. There's something very unnatural about that.

Tyga11 · 11-18-2021, 09:06 PM

Quote:

Originally Posted by M_Six

We grabbed lunch at a McD's today for the first time in months. Two quarter pounders and two medium fries came to just over $16. We were a bit surprised. I hadn't considered the minimum wage hike causing that, but you're probably right.

I personally think it's a good thing. I go to Panera a lot and feel horrible for the employees. They're worked to death and deserve to make a decent income. So yeah, if I have to pay a couple dollars more for a value meal, good

vreihen16 · 11-18-2021, 09:45 PM

That couple of dollars more evaporates when the pay raise causes an equal rise in inflation and loss of purchasing power! It's a vicious circle.....

DenverSteve · 11-18-2021, 09:58 PM

Quote:

Originally Posted by Mein11

If anything I'm just annoyed at the lack of raises from my company the past two years while getting 3x the responsibilities, which means getting paid LESS while prices are going up.

First world problem, so can't complain (too) much.

Sounds like you're very fortunate. Many people had a cut in pay last year due to Covid downturns. Others were dismissed altogether. Anything short of these is fortunate. Working for the same money, regardless of workload, is still making the same money. Be happy you have a job.

zx10guy · 11-18-2021, 10:04 PM

Quote:

Originally Posted by vreihen16

That couple of dollars more evaporates when the pay raise causes an equal rise in inflation and loss of purchasing power! It's a vicious circle.....

And that's the thing that gets lost with this whole living wage discussion. The jobs being discussed here are jobs which are meant for high schoolers, part timers, etc. The jobs were never meant to be a career. Just a stepping stone to something better. Anyone with a basic understanding of economics will see how inflation will result from increasing the wages for these low level jobs.

tranquility · 11-18-2021, 10:11 PM

I can't help but think inflation is a scam to keep everyone in a slightly unstable situation. How about whoever dares to raise prices get shot? LOL. Who/what is causing this supposed cascading effect?

Anyway, just came back from doing groceries, it's VERY noticeable from outright price increases to shrinkflation.

minn19 · 11-18-2021, 10:13 PM

Prices (inflation) are up pretty much across the board in the entire US. Localized minimum wage increases have nothing to do with it.

TiMSport · 11-18-2021, 10:15 PM

Shrinkflation has been a thing for years now. Anyone remember when Haagen Daz made their "pints" of ice cream 14 ounces? Bastards!

dreamingat30fps · 11-18-2021, 10:28 PM

Quote:

Originally Posted by Tyga11

I personally think it's a good thing. I go to Panera a lot and feel horrible for the employees. They're worked to death and deserve to make a decent income. So yeah, if I have to pay a couple dollars more for a value meal, good

Panera??? Of all the places the Panera employees make you feel horrible? I never go to Panera, I hate it, but the few times I’ve been it’s usually some snot nosed kids back there playing with their phones. I feel bad for the guys working at the car wash in the summer heat or the servers at the local Italian restaurant that gets packed every night with hundreds of old grumpy curmudgeons.

DenverSteve · 11-18-2021, 10:55 PM

Quote:

Originally Posted by tranquility

I can't help but think inflation is a scam to keep everyone in a slightly unstable situation. How about whoever dares to raise prices get shot? LOL. Who/what is causing this supposed cascading effect?

What's causing the inflation (simply) is the cost of business is going up. That means that as manufacturing, materials and transportation costs increase, the final (retail) price of all affected products go up proportionally. When you choose to move from a manufacturing economy to an importing economy, you bow to the manufacturer's whose exports you import. There's no scam. The cost of manufacturing in a pandemic and transportation has driven prices up. The extra cost of ships sitting in harbors waiting for months to offload and imports waiting for trucks to transport them around the country for consumer use, raises prices to all end users. There's nothing to complain about, we all experience the same increases.

11-18-2021, 05:38 PM	#31
vreihen16 Recovering Perfectionist 23732 Rep 1,045 Posts Drives: BMW-less :( Join Date: Jun 2019 Location: Orange County, NY iTrader: (0) Garage List 2014 Mighty Freight ... [0.00] 2000 Audi TT Quattro [0.00] 1967 Formula Vee [0.00]	I received next year's tax bill for our SC retirement property. After looking at that, I opened up the Mickey D's app to see what a double quarter pounder meal costs in comparison. Holy crap, it is almost $12 now! A McRib meal is a smidge under $9 while supplies last. Anyway, the yearly property/school taxes on our wooded 5-acres are less than a REGULAR-sized Big Mac meal at our local golden arches franchise. With the labor cost doubling due to NY's minimum wage hikes, it should come as no surprise to anyone with half a brain that the product sale prices will need to be doubled to pay those extra wages. Don't overlook the irony of those $15/hour workers spending $12 for the same fast food meal that was $6.50 when the minimum wage was $7.25/hour last year. Isn't this the definition of inflation? I don't want to say anything more lest the discussion cross the line into a verboten political thread, but I am happy that our household is well off enough where the inflation isn't hurting us at the moment and feel bad for those who aren't as fortunate..... __________________ Currently BMW-less.
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11-18-2021, 06:06 PM	#33
minn19 Lieutenant General 14525 Rep 10,437 Posts Drives: 25 Z06, 25 X5M60, 24 MMER Join Date: Jul 2013 Location: Minnesota iTrader: (0)	Thankfully no, but I have a kid in hockey so driving all over the place plus going out to eat all the time etc. Sorry, I think I might be single handedly causing the fuel prices to rise. It seems like I’m always at a gas station filling up. Legit looking at an electric vehicle when the car bubble bursts (and it will).
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11-18-2021, 09:45 PM	#37
vreihen16 Recovering Perfectionist 23732 Rep 1,045 Posts Drives: BMW-less :( Join Date: Jun 2019 Location: Orange County, NY iTrader: (0) Garage List 2014 Mighty Freight ... [0.00] 2000 Audi TT Quattro [0.00] 1967 Formula Vee [0.00]	That couple of dollars more evaporates when the pay raise causes an equal rise in inflation and loss of purchasing power! It's a vicious circle..... __________________ Currently BMW-less.
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11-18-2021, 10:11 PM	#40
tranquility sportscars only 3565 Rep 3,280 Posts Drives: 2011 Z4 sDrive 35i Join Date: Aug 2007 Location: Montréal iTrader: (0)	I can't help but think inflation is a scam to keep everyone in a slightly unstable situation. How about whoever dares to raise prices get shot? LOL. Who/what is causing this supposed cascading effect? Anyway, just came back from doing groceries, it's VERY noticeable from outright price increases to shrinkflation. __________________ The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation...It's bullsh*t. I create nothing. I own. We make the rules, pal...Now you're not naive enough to think we're living in a democracy, are you buddy?
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11-18-2021, 10:13 PM	#41
minn19 Lieutenant General 14525 Rep 10,437 Posts Drives: 25 Z06, 25 X5M60, 24 MMER Join Date: Jul 2013 Location: Minnesota iTrader: (0)	Prices (inflation) are up pretty much across the board in the entire US. Localized minimum wage increases have nothing to do with it.
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11-18-2021, 10:15 PM	#42
TiMSport Banned 12857 Rep 2,983 Posts Drives: '21 M340i xDrive, '17 Audi S3 Join Date: Feb 2021 Location: ATL iTrader: (0)	Shrinkflation has been a thing for years now. Anyone remember when Haagen Daz made their "pints" of ice cream 14 ounces? Bastards!
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