Post AYavOPa6FOAlwB1AJM by jeff@misinformation.wikileaks2.org
(DIR) More posts by jeff@misinformation.wikileaks2.org
(DIR) Post #AYamCYuMqSK5nllyEK by Mlobbes@mastodon.social
2023-08-10T08:58:30Z
4 likes, 2 repeats
100% agree here. This new UPS contract should be the standard employment expectation for any working class person. I was thrilled when I saw this contract was real!! Good for them!!Also:Pensions should be mandatory for every single full time employee in the country as a minimum. #UPS
(DIR) Post #AYamCZrDJfOWkHIxxA by jeff@misinformation.wikileaks2.org
2023-08-10T15:43:54.591557Z
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@Mlobbes the sad reality is this will in the longer term require monetary deflation to take a MUCH larger chunk of the supply to offset things like this. making the number in your bank account go down by a percentage (monetary deflation) hurts the poorest the most. i wish every cheering for higher wages weren't so financially illiterate as they could be doing so much more good by not advocating such short sighted goals. the expansion of the monetary supply lets the institutions arbitrage on the price as it propagates to the rest of the economy, higher wages means more inflation (monetary supply expansion) which dilutes the buying power per unit which requires higher wages.deflation is likely necessary and it is a nightmare beyond your wildest dreams. consider advocating boosting the buying power per dollar instead of diluting it per dollar.
(DIR) Post #AYangnpU25XuikTK76 by Mlobbes@mastodon.social
2023-08-10T15:52:31Z
1 likes, 1 repeats
@jeff I suppose if the CEO didn’t make $27.6 MILLION dollars in 2021 this might be a a valid concern. It’s interesting to me that people will constantly talk about how increasing employee wages will being about terrible inflation and never ever talk about the compensation the CEO and executives get. This contract will have zero impact on inflation just as raising the minimum wage also wouldn’t. Just a scare tactics to protect CEO wages and shareholder dividend payments.
(DIR) Post #AYangotm3cZY2LUGRM by jeff@misinformation.wikileaks2.org
2023-08-10T16:00:34.934788Z
1 likes, 0 repeats
@Mlobbes consider the following: that dollar number is not an absolute value, 1 dollar has the ratio of buying power per dollar / total supply of the dollar. you multiply your number of dollars you have by that ratio to see how much it's all actually worth in the end.if you had a gd clue you'd implicitly understand all that but the usa has a pervasive culture of ignorant pride to our own detriment, so i can't be shocked here at all. idk if you should talk money if you dont know where it comes from. hint: it's not created by the gov or the ceos, it's the treasury department who decides who creates the money.
(DIR) Post #AYaoctFu15KWLTWljk by Mlobbes@mastodon.social
2023-08-10T16:06:52Z
1 likes, 1 repeats
@jeff Lol! If I had a GD clue? That’s actually quite hilarious. Just because a reply is lengthy doesn’t make it real. Again, once you care about reigning in executive compensation then maybe the point will matter but this argument has been used for decades now to deny the working class compensation all while executive comp skyrockets. This argument didn’t work when right wing “economists” used it and it’s just as invalid now.
(DIR) Post #AYaocu9ueq8J9BjV2W by jeff@misinformation.wikileaks2.org
2023-08-10T16:11:04.526763Z
0 likes, 0 repeats
@Mlobbes your tribal partisan stance on this shows just how big the political divide has gotten and i haven't moved a gd inch here.
(DIR) Post #AYap6zwHjPyblHhxrc by Mlobbes@mastodon.social
2023-08-10T16:14:10Z
0 likes, 0 repeats
@jeff Nothing tribal at all. That’s just an old tired argument regardless of the source that’s been used to restrict the minimum wage now for decades and prices have not been restrained at all as a result. Just an increase in the extraction of wealth from the middle class to the very rich. Look, years ago I agreed with that argument! Looking at it rationally now it holds no water.
(DIR) Post #AYap70hQu7gs7VlcLw by jeff@misinformation.wikileaks2.org
2023-08-10T16:16:30.815835Z
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@Mlobbes do you understand the underlying mechanisms in play here and the likely outcome that can occur from what you are advocating for? i'd like to understand why you think it's a good idea, as it is all predicated on the assumption that 1 dollar of today will always be 1 dollar of tomorrow.
(DIR) Post #AYaqcqLd1jCdEgJM6i by Mlobbes@mastodon.social
2023-08-10T16:25:11Z
1 likes, 1 repeats
@jeff I absolutely under the value of the dollar doesn’t remain the same. Which is why I fully support a law that requires every single employer to give a raise to their employees each year that matches whatever the inflation rate is before a single penny of compensation can be paid to the CEO or any other executive. If inflation is 4% and I’m granted a 6% raise I should get a true raise of 9% so my buying power actually goes up by 6%. I should get 4% guaranteed so I don’t take a pay cut.
(DIR) Post #AYaqcr9G3CtxibWzSq by jeff@misinformation.wikileaks2.org
2023-08-10T16:33:28.326204Z
1 likes, 0 repeats
@Mlobbes this creates a positive feedback loop with requires perpetual reduction of value per unit or a discrete reduction in the total number of units to counteract. reading up on how the monetary supply in the usa works is a good way to depoliticize the discussion of all this as the "us / them" partisan dipshittery goes out of the window. knowing who does what, who decides what, and the common outcomes of actions each entity takes gives a much mote holistic understanding of this. im not right wing bro, i live in boston, the denmark of the usa, i like it a lot. you have a civic duty and moral obligation to understand the political pet projects you back and everything relating to monetary and fiscal policy has long term effects that can do so much good (but they arent right now because it's so much tribal ignorance)
(DIR) Post #AYarnfvuBnxG4f0ZzU by Mlobbes@mastodon.social
2023-08-10T16:43:11Z
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@jeff I’m an not saying you are right wing but the right wing DEFINITELY has used the argument you are asserting here to completely decimate the wealth of the working class to transfer that wealth to people who are already extremely well off. That’s as clear as day!
(DIR) Post #AYarngpCsCBsqAskBk by jeff@misinformation.wikileaks2.org
2023-08-10T16:46:38.222607Z
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@Mlobbes i want to reduce inflation and boost per dollar buying power so we don't need to do decimation of our supply. advocating things which makes the dollars number go up makes this progressively harder. neither are right or left dude.
(DIR) Post #AYat0quInb9npR6c6K by Mlobbes@mastodon.social
2023-08-10T16:48:18Z
1 likes, 1 repeats
@jeff Ok. How do you propose we increase buying power of working class Americans and reduce inflation without increasing worker compensation?
(DIR) Post #AYat0s5KQ5ZTTvGvvU by jeff@misinformation.wikileaks2.org
2023-08-10T17:00:13.835376Z
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@Mlobbes THAT is what everyone should be discussing, not this low level room temp iq idpol crap. there are a few ways, international tariffs on trade have very harsh consequences if done haphazardly and debt bonds require faith in the future of the usa. maybe there are new ways that no one has thought up either but making up those requires studying "economics" and such tends to be the bipartisan evil idpol Boogeyman.
(DIR) Post #AYatem3mEwL0NXZczA by fcktheworld587@social.linux.pizza
2023-08-10T17:07:25Z
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@Mlobbes 100%
(DIR) Post #AYatsJ0x1lb2LjhiYy by Mlobbes@mastodon.social
2023-08-10T17:04:43Z
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@jeff Wait. Your solution is an idea that no one has thought up yet? What specific policy would you advocate that exists today that ensures working class people are paid well but it doesn’t impact inflation?
(DIR) Post #AYatsJnA8WA2lGGDi4 by jeff@misinformation.wikileaks2.org
2023-08-10T17:09:53.603418Z
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@Mlobbes it COULD be a new way sure, but that's the difficult way, high risk and most are very risk adverse right now. the debt bonds and tariffs could work but that requires a fundamental shift by our ruling class. democracy is government by the people, of the people for the people but... https://youtu.be/6NTkXIidCU0
(DIR) Post #AYavOOKSu24Y3OhAIq by Mlobbes@mastodon.social
2023-08-10T17:18:45Z
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@jeff Well, democracy isn’t perfect but it’s the best we’ve got so I’m going to advocate for solutions that make sense to me to benefit the most people overall AND exist in reality today.
(DIR) Post #AYavOPa6FOAlwB1AJM by jeff@misinformation.wikileaks2.org
2023-08-10T17:26:53.876496Z
0 likes, 0 repeats
@Mlobbes your proposed do make sense but they are short term fixes who's long term consequences are too stark to consider a responsible well advised decision. sometimes doing nothing is better than something, if all you have is kerosene you probably should not pour it on the fire and stay put until someone finds a better plan. nothing partisan about that at all.
(DIR) Post #AYavnaONBpJMhqXLFo by Extra_Special_Carbon@mastodon.world
2023-08-10T17:29:38Z
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@jeff @Mlobbes Good. Maybe the money hoarders will have to work to keep their investments from devaluing. This whole “inflation is the end of the world” bullshit needs to stop.We had pretty high inflation for a year, and the American workers came out ahead. Fed wants to raise interest rates to please its wealthy clients, not to make life better for workers.
(DIR) Post #AYavnbMHb5EXheZBdQ by jeff@misinformation.wikileaks2.org
2023-08-10T17:31:25.670183Z
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@Extra_Special_Carbon @Mlobbes who has the most to gain the most from the total economic destruction of the usa? russia.
(DIR) Post #AYawcosf56fAPV8NP6 by Extra_Special_Carbon@mastodon.world
2023-08-10T17:40:12Z
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@jeff @Mlobbes Billionaires. That’s why they’ve convinced a bunch of dupes that inflation is bad. It’s not. It’s essential.
(DIR) Post #AYawcpWigAhoPjsMqG by jeff@misinformation.wikileaks2.org
2023-08-10T17:40:42.655658Z
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@Extra_Special_Carbon @Mlobbes russian oligarchs even more so.
(DIR) Post #AYaxT4JExlTrJtTq1A by Extra_Special_Carbon@mastodon.world
2023-08-10T17:42:28Z
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@jeff @Mlobbes There is no difference.
(DIR) Post #AYaxT5APm40zyoMIts by jeff@misinformation.wikileaks2.org
2023-08-10T17:50:09.130001Z
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@Extra_Special_Carbon @Mlobbes that's my point dude, by cheering for the downfall of the usa you are cheering for those who will fill the vacuum made by that.
(DIR) Post #AYb34MfOAp8QjtRYvo by wpalmer@fosstodon.org
2023-08-10T18:52:43Z
1 likes, 0 repeats
@jeff@Mlobbes "Increasing the amount a worker is paid" can only lead to inflation after it crosses the point at which they are being paid as much as their labor is worth.Before it reaches that point it cannot, to my understanding *by definition*, cause inflation. And before it reaches that point, they are getting ripped off.So if we admit that this conversation is a disagreement about whether or not their work is currently that valuable, I think the conversation would be more productive.
(DIR) Post #AYb39wRsZ1upABmeuW by jeff@misinformation.wikileaks2.org
2023-08-10T18:53:56.452132Z
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@wpalmer @Mlobbes the universally agreed aspect is we are being ripped off by the status quo.
(DIR) Post #AYb4ueTLJjsOyWIzwG by Extra_Special_Carbon@mastodon.world
2023-08-10T19:13:00Z
0 likes, 1 repeats
@jeff @Mlobbes You’re the only one interpreting inflation as bad for the US. Excessively controlling inflation is what will destroy the US. You’re the one cheering the oligarchs on because you believe their anti-inflation propaganda. With low inflation, all they have to do is sit on their money. Russian oligarchs love that.
(DIR) Post #AYb4ufJ6DJHDZ2WKbw by jeff@misinformation.wikileaks2.org
2023-08-10T19:13:34.315015Z
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@Extra_Special_Carbon @Mlobbes sorry dude, i can't take you seriuously. your posts read like chatgpt.
(DIR) Post #AYbGsKL8OgCNPG7kK8 by yma@mastodon.social
2023-08-10T20:53:22Z
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@jeff @Mlobbes your country is fucked unless you do something about inequality. Increasing wages to catch up with the inflated asset prices (pumped up by the rich who are lazy and park money in property and stocks) is one way, taxing wealth is another. Preventing wages from increasing will do fuck all since you’re already on a trajectory towards collapse from excessive wealth hoarding. It’s the same here in Europe.
(DIR) Post #AYbGsL5DdL3tiBgY9g by jeff@misinformation.wikileaks2.org
2023-08-10T21:27:34.999248Z
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@yma @Mlobbes equality is not an aspiration which is compatible with reality. do not cling to it as it is clearly dragging everyone into the mud not lifting anyone up. yes yes it wasn't real ~~communism~~ equality, it never is and it never will be.
(DIR) Post #AYbKekz2wHyNnqZqMK by ahltorp@mastodon.nu
2023-08-10T22:08:52Z
1 likes, 0 repeats
@jeff @Mlobbes Money is created when banks lend. Also, inflation is not an objective measure. Inflation is measured with a basket of subjectively selected goods that are monitored for subjective changes in quality. There are many more things than wages that contribute to the price of goods. It’s not math, it’s economics.
(DIR) Post #AYbKk2Yp11t5lUpX1M by jeff@misinformation.wikileaks2.org
2023-08-10T22:10:56.415529Z
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@ahltorp @Mlobbes all of the numbers are subjective yes and it IS math, game theory.
(DIR) Post #AYbOHgzxzPB6bEGUz2 by ahltorp@mastodon.nu
2023-08-10T22:42:42Z
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@jeff @Mlobbes It’s definitely not math. In math the rules are clear and the problems are precisely defined. Economics tries to describe phenomena in the world.
(DIR) Post #AYbOHhqQqL95DwoOlE by jeff@misinformation.wikileaks2.org
2023-08-10T22:50:33.873975Z
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@ahltorp @Mlobbes you've never studied game theory i take it.
(DIR) Post #AYbQRyHslR4v1ZfrCy by ahltorp@mastodon.nu
2023-08-10T22:56:59Z
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@jeff @Mlobbes You’re mixing up math with applied math. Abstract game theory is math. Applied game theory is not. Game theory in the math sense is not about people or anything else in the world. Math exists outside of the world.
(DIR) Post #AYbQRyymBxODAbk74C by jeff@misinformation.wikileaks2.org
2023-08-10T23:14:51.898496Z
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@ahltorp @Mlobbes with any applications math is the most putrid form of academic masterbation.
(DIR) Post #AYbSNKCm2zwVSeCGci by ahltorp@mastodon.nu
2023-08-10T23:33:38Z
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@jeff @Mlobbes It was quite obvious from your previous comments that you’re not a mathematician.
(DIR) Post #AYbSNNtQKsqCtnAs1A by jeff@misinformation.wikileaks2.org
2023-08-10T23:36:25.790592Z
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@ahltorp @Mlobbes no shit dude
(DIR) Post #AYbXQbuHBmXz08vlWC by ahltorp@mastodon.nu
2023-08-10T23:42:46Z
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@jeff @Mlobbes Then I’m saying it once more: economics is not math.
(DIR) Post #AYbXQchuDGFJU49OsK by jeff@misinformation.wikileaks2.org
2023-08-11T00:33:02.858368Z
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@ahltorp @Mlobbes economics is the application of math to an actually useful domain.