{ "media_type": "text", "post_content": "How is everything so darn expensive, shoes $70-100 from like local stores! Nothing even fancy! Food, gas and trips , everything is just sky rocketing. For $100 a family of 4 could go from NJ to PA, eat food, fill up gas, maybe grab a motel overnight and have a nice drive back .... now that’s unheard of", "post_id": "61621780461e0f0026f76261", "reply_count": 21, "vote_count": 6, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

How is everything so darn expensive, shoes $70-100 from like local stores! Nothing even fancy! Food, gas and trips , everything is just sky rocketing. For $100 a family of 4 could go from NJ to PA, eat food, fill up gas, maybe grab a motel overnight and have a nice drive back .... now that’s unheard of

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When was that? 1992?

likefunnysmart

Which is 12 years ago, and right after the global economy collapsed. A lot has changed in the intervening years.

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Inflation. Thank you Biden!

likefunny

Damn people are consultants and still republicans ?? Sheesh

funny

The best is yet to come. This is just a ramp up

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MD1 - It was more sarcasm lol. I agree with you but VP's generally have very little power, not as much as people think

Well, one piece is when employee wages increase (minimum wage going from $7 to $12-$20)… How do you think companies pay for that increase? They pass it on to you to maintain margins. Additionally, In todays environment, demand is extremely high while our supply chain systems can’t keep pace. Companies are also using expedite fees to get products so they can sell you something… All this means products, goods, and services are going to cost more. So inflation is rising extremely quick and you’re feeling it in your pocket. Just wait until taxes increase as well…

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Gross oversimplification. By that logic, prices should've fallen when corporate taxes were dropped 3 years ago. Except they didn't because companies don't get to set their margins. Some consumer facing companies have less elastic demand, so they can much more easily pass along price increases to their customers. Others know that their customers will switch to a competitor selling a viable substitute for your product, at a lower price, irrespective of your cost pressures. Inflation right now is driven by a surplus of very cheap cash, record low personal debt levels, and a shortage of nearly everything. The market will, hopefully, start to straighten itself out by early next year, but we could be in for a bumpy ride.

Thank to your great President for nice inflation!!!

Let’s go Brandon!

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