Why are prices of everything going up?

Question

I live in NYC and food at the deli and packaged food are both going up. Rent is hetting2 higher. Im honestly confused. Wages aren't necessarily going up.  So how does that work.

NamerOfStars · Accepted Answer

What is the value of a dollar?

Well, it USED to be based off of gold, but eventually, people realized there wasn't NEARLY enough gold for the amount of dollars out there, and eventually we abandoned the gold standard (which is still considered controversial by some; it's a bigger issue than I mean to discuss here, save to ask: what is the value of gold?), and switched to the current system, where the dollar has value because everyone agrees it has value; it's essentially the "clap your hands if you believe" Tinkerbell system.

I bring this up to illustrate the difference between "money" and "wealth". An increase in money without a corcesponding increase in the production and circulation that gives it value leads to inflation; this is essentially what took down the Spanish empire: they plundered the New World too thoroughly and got a massive influx of gold without wealth behind it (as the real value of gold-as-currency is in the workmanship, not the metal); they basically succeeded their may into failure. Obviously, the full reality is moce complicated, but that was a major component.

Now, for basically two years, much of the US economy was shut down and very little wealth was being produced. Meanwhile, to cover the costs of people they'd put out of work, absolutely ENORMOUS sums of money (physical and digital) were being printed; April 2020-Aprul 2021 saw the printing of 27% of all dollars that had EVER been printed. The massive disruption to supply chains hurt things shill further, and then Biden toox office and began his war on fossil fuels (here's a hint, Joe: if you're going to haxe a standing system down, you need to REPLACE it with something; this is the same mistake Yeltsin made!), driving up gas prices, which raised the prices on everything else.

Future generations are going to look back on the last few years and say about us the same kinds of things WE say about the people behind the madnesses of the 60's. You've probably got a lot of "So, we people in the 2020s just really stupid, Grandma?" in your future; I suggest you start preparing now. " Yes, dear. Let me tell you about this thing we called 'Tiktok'... "

Sixgunsound · Accepted Answer

When the federal government made a series of decisions to reverse Trump’s domestic energy independence, that raised the price and moral cost of sourcing fuel outside our borders from actual racist regimes worldwide. Raising the price of fuel raised the price of shipping goods via trucks. When the costs to businesses go up, they don’t eat the losses they pass that on to consumers.
Housing is a supply and demand market. When decisions made by the federal government to flood an unprepared market with millions of people a year who have to live somewhere work somewhere and eat something, this competition puts pressure on a finite housing supply, finite food supply, and downward pressure on real wages both because landlords can charge more for the same product in higher demand areas like large cities, and also because a glut of labor means they can pay less and someone will still do it. It’s almost like conservatives have been ringing these warning bells for decades. I’m sorry that you are suffering the consequences of being an uninformed voter, but hopefully this wake up call will encourage you to fix that and tell a friend.

XXblack88 · Accepted Answer

Everything you buy comes on a truck so when gas prices go up so dose everything else. The gov. Wants do get rid of the middle class the best way to do that is to not rise wages or at less not offten enough.

lightbulb27 · Answer

the Federal Reserve policy was to let inflation run higher, govt created and distributed tons of money globally for over a decade, then covid and more money created and passed out.. prices were rising... then biden came in with expectated impacts to oil... oil price started to rise, then ukraine hit... oil went up way more.

kick the democrats out, maybe you'll get a reprieve in a few years. It is terrible, I know that answer doesn't make life easier. this decade has been really hard for middle class people your age.

Beans and rice are still cheap if you make em yourself. have to make changes.

WindAtMyBack · Answer

Covid and the reaction to Covid. It majorly fucked up the supply chain and gave companies an excuse to raise prices. It will take a few years for prices to stabilize again. Prices go up quickly and go down slowly.

Rent is strongly related to vacancy rate. NYC has very limited space. It's more sensitive than places that have almost unlimited space.

"Wages aren't necessarily going up. So how does that work."

Wages take a while to catch up with costs. Wages in NYC and the surrounding areas have never matched the very high cost of living.

888theGreat · Answer

The Liberal Democrats shut down Economies , that effect supply chain and laid people off, then this affected job force and what was in store. Companies had to operate 24.7 to make stuff. The Gov't print money like candy wrappers and this caused inflation. High fuel prices make goods go up. People wanting $40 an hour makes prices go up. Biden raised taxes and that makes prices go up. Gov't laws make prices go up. Insurance increased and that makes prices go up. People that win large sums from lawsuits make prices go up. Democrats allowed black gangs to rob stores and refused to prosecute and that made prices go up.

Tyrael · Answer

It's likely caused by rising inflation from increased demand for goods and supply chain disruption, worker shortages, and so on. This could be fallout from what's going on in Ukraine as well as fossil fuel policies put in place by the government.

Anonymous · Answer

Because of this braindead fuck .

exitseven · Answer

Fuel prices have doubled and the government has printed a ton of money to pay for Biden's Build Back Better plan and the war in Ukraine. This is a double whammy that was totally avoidable.

Anonymous · Answer

Biden, Covid, supply chain problems, the war. It's horrible in California, gas is 6 dollars a gallon.

Anonymous · Answer

Because inflation is running rampantly out of control

It's all part of the NWO plan for a one world currency or possibly even a social credit system (where you will be culled for dropping too low on points)

MrTaboo · Answer

Because biden and his band of tards want gas prices to rise. So to push electric cars.

NYlatefun · Answer

It’s called inflation! At 8%+ you should expect that and more.

jimmy2 · Answer

It's inflation biden regime spending too much money

Pterodon · Answer

Because of Biden’s policies

Fromdusktilldawn · Answer

Greed# its just pure greed.

Why are prices of everything going up?

Most Helpful Opinions

What Girls & Guys Said

What's the reason everything is so expensive everywhere in the whole world now?

Why are prices of everything going up?

Most Helpful Opinions

What Girls & Guys Said

What's the reason everything is so expensive everywhere in the whole world now?

We're glad to see you liked this post.