Comments posted organically
SelectSmart.com Homepage
Display Order:

Is Trump going broke? Is he bringing the GOP down with him?
Politics by Curt_Anderson     February 28, 2024 5:46 pm (Rating: 0.0) Last comment by: (0 comments) [7 views]


The Doddering Old Fool's two serious problems coming out of Michigan
Politics by HatetheSwamp     February 28, 2024 6:39 am (Rating: 0.0) Last comment by: HatetheSwamp (2 comments) [21 views]


Mitch McConnell to step down from GOP leadership position in the
Government by HatetheSwamp     February 28, 2024 9:42 am (Rating: 0.0) Last comment by: Curt_Anderson (2 comments) [29 views]


Holy FrigginFreakinEFFIN Cow! Supreme Court agrees to hear Trump immunity claim!
Crime by HatetheSwamp     February 28, 2024 2:54 pm (Rating: 0.0) Last comment by: Ponderer (4 comments) [28 views]


Fake news? Are supposed voter concerns over Bidenís age overblown?
Politics by Curt_Anderson     February 28, 2024 11:20 am (Rating: 0.0) Last comment by: Ponderer (2 comments) [12 views]


"Where's Hunter?" He is in the capitol building kicking Republican ass!
Politics by Curt_Anderson     February 28, 2024 12:02 pm (Rating: 0.0) Last comment by: Curt_Anderson (9 comments) [76 views]


Clueless Sen. Tuberville 'running in circles' in response to IVF question
Politics by Curt_Anderson     February 23, 2024 12:53 pm (Rating: 0.0) Last comment by: Indy! (19 comments) [253 views]


pb's prediction: Hunter Bidenís testimony before the House Oversight Committee on Wednesday
Crime by HatetheSwamp     February 27, 2024 7:49 am (Rating: 0.0) Last comment by: Curt_Anderson (18 comments) [235 views]


Pro-Palestinian advocates urge 'uncommitted' vote during Michigan presidential primary
Politics by HatetheSwamp     February 26, 2024 3:30 am (Rating: 0.0) Last comment by: oldedude (7 comments) [77 views]


How they see the Doddering Old "feckless dementia-ridden" Fool
President by HatetheSwamp     February 27, 2024 9:54 am (Rating: 0.0) Last comment by: HatetheSwamp (1 comments) [12 views]


Business selectors, pages, etc.
Americans complain about the inflation that they are at least partly responsible for.
By Curt_Anderson
November 26, 2021 11:37 am
Category: Business

(0.0 from 0 votes)
Rules of the Post

SelectSmart.com SelectSmart.com SelectSmart.com


Rate this article
5 Stars
4 Stars
3 Stars
2 Stars
1 Star
0 Stars
(5=best, 0=poor)



Cost-push Inflation
When worker wages increase production costs increase thus the price to the consumer increases. Of course, if consumers are unwilling or unable to pay the higher prices, the producer goes out of business and/or the employees won't get wage increases.

Demand-pull Inflation
When demand is high, prices increase. When consumers have money in the bank they have the ability to pay for things.

There is currently pent-up demand; in other words consumer willingness to spend their money. Postponed vacations and holiday travel due to Covid are happening this year. Restaurants and other businesses are seeing customers who for the last 18 months avoided them like (and because of) the plague.

The New York Times reports that "workers have seized the upper hand in the labor market, attaining the largest raises in decades and quitting their jobs at record rates. The unemployment rate is 4.6 percent and has been falling rapidly.

Cumulatively, Americans are sitting on piles of cash; they have accumulated $2.3 trillion more in savings in the last 19 months than would have been expected in the prepandemic path. The median householdís checking account balance was 50 percent higher in July of this year than in 2019, according to the JPMorgan Chase Institute."

Supply chain problems are also the result of consumer behavior. During the height of the pandemic, consumer demand dropped, thus manufacturers reacted by producing less. Now that demand is up, manufacturers and transporters throughout the world are struggling the fulfill consumer demand.

Manufacturers in the last decades have adapted a Just In Time manufacturing strategy which lowers costs but is not particularly resilient to fluctuating consumer demand. Also complicating matters is the fact that employees became sick or dead because of Covid. Of course, many employees didn't want to work in place where they were likely to be infected with Covid.


Cited and related links:

  1. nytimes.com
  2. fool.com

Comments Start Below


The views and claims expressed by contributors are their own and do not necessarily reflect the views and beliefs of SelectSmart.com. Not every statement made here can be assumed to be a fact.
Comments on "Americans complain about the inflation that they are at least partly responsible for.":

  1. by Donna on November 26, 2021 11:44 am
    It'll all eventually balance out. In the meantime, Biden will bear the brunt of the blame.


Go To Top

Comment on: "Americans complain about the inflation that they are at least partly responsible for."

* Anonymous comments are subject to approval before they appear. Cookies Consent Policy & Privacy Statement. All Rights Reserved. SelectSmart® is a registered trademark. | Contact SelectSmart.com | Advertise on SelectSmart.com | This site is for sale!

Find old posts & articles

Articles by category:

SelectSmart.com
Report spam & abuse
SelectSmart.com home page