Comments by "Samson Soturian" (@samsonsoturian6013) on "The Contentious World of Inflation: Why People Don't Agree on It" video.

  1.  @aBusybee  anyone from the first world whining about wage suppression is cringy.
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  2.  @aBusybee  because it contradicts basic facts about living conditions in the US. But then again we Americans will berate our own system no matter what we do. For instance, you will find some Americans who will both argue that systemic child hunger and systemic child obesity are both major issues. The flatly contradicting arguments are supported by statistical studies which simply changed the metrics until they got something resembling the answer they wanted. Like saying people who didn't have a car registered in their name and lived more than a mile from a supermarket were "hungry." Or by counting every technically overweight athlete as "obese." Reality, of course, is much more boring. With a few parents charged with neglect for spending all their money on drug, and it's not uncommon for people of all ages to be a little overweight due to no lack of food.
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  3. That's silly. The Canadian Dollar is pegged to the American Dollar.
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  4. You feel poor, that doesn't mean you are.
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  5.  @aBusybee  people arguing that are straight up liars and you know it.
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  6.  @mostHumblePersonAlive  you can't deny you weren't paying attention in economics and history class
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  7.  @kidhuman1  shut up and get drafted, liar
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  8. That's the most common cause of inflation, but not necessarily so. For instance, ifGDP increases faster than the money supply, deflation will occur.
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  9. Go away
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  10. Watch the video
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  11. You bring up an excellent point that across the board wage increases doesn't increase purchasing power. It's one of the parts of economics a lot of people don't grasp or intentionally ignore so they can berate/steal from/whine about corporations.
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  12.  @tomlxyz  even then it isn't that simple as there are no classes. For instance, if a company is forced to raise its starting wage, it will also have to raise the management's wage. Why? Because if the supervisor is paid the same as grunts then no one would want the extra headaches of that job, hence you will not be able to hire the best managers. This process repeats itself upwards. Also since all costs ultimately come down to labor costs, the rise in overall wages would simply be passed on to consumers. Just be realistic here that if corporate bosses must pay more they're not going to destroy shareholder value and/or be like Warren Buffet and take most payment in shares, they're just going to raise prices.
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  13.  @RealestUrbanism  that doesn't always work as intended as a lot of work is under the table, other jobs are contract work, and many industries will simply appear or disappear based on what people are willing to get paid.
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  14. @Adrián López Pérez places where people covet authority have a whole host of problems unrelated to economics. And a company where management's pay is as out of whack as you imply probably won't last long in a free market.
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  15. America had record setting economic growth over the last decade and people are still claiming we're in the Great Recession. Welcome to America.
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