News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
link?
He doesn't have one. Instead he's just downvoting anyone that disagrees with his comment.
No, he did not.
No. While that may seem like the effect, he's been very keen to position himself as actually trying to keep runaway inflation from punishing the lower class. It devalues capital, but do you think the wealthy are affected by the cost of groceries?
The point of tempering wage growth is to temper costs of important consumables and purchases: food, housing, and transportation.
The prices of goods rises with the available cash of people that actually spend their paychecks. Investment is not how most people use their money--they buy food, pay rent, purchase gas, etc. If there is more money available from wage workers that spend most of their money on consumables and basic living expenses, the prices all of those things go up.
Grocery stores, gas stations, and most large corporations (which includes farms) are staged and staffed by people that "spend" the majority of their money. Which means when the cost of stuff goes up, you have to pay them more so they can continue to be able to get these basic consumables. And that means paying them more, so the cost of bringing food to your grocery store and fuel to your gas station goes up. So you need more money from your job to shoulder that burden... but, then, so do they. So you're paid more, and they're paid more, which costs more, and it doesn't end without economic intervention. And that's what inflation is. There are reasonable arguments for keeping wages AND COSTS LOW, but they involve wage workers voting at a rate higher that 25%, because they involve adjudication of our tax targets that aren't completely in favor of the very wealthy.