You’re average consumer doesn’t think like this. Our system is sadistic, and economists are psychopathic to think so.
But in any case, the meme points to a few things:
Cost of living outgrowing wage
Stratification of cost of goods - with exponential growth, the minute difference in cost between goods or property twenty years ago is now large. Meaning e.g. new cars which were affordable are now a sign of wealth.
Failure to account for disruption due to major economic occurrences(e.g. artificial inflation due to greedy profit seeking, and corporate’s oligopoly on job supply)
Gobloads of other nuance
In other words I’m positing that steady infinite inflation is unsustainable in the long run unless you address all of those or your specific goal is to grow the wealth gap and entrench class separation further. It seems the goal of the political class has been the latter over the last 4-5 decades.
I’m not an economist so most of what I know I picked up over the years, but a lot of people definitely do think about inflation when they think about what to do with their money. Most people I know are aware of the fact that if you just keep your money in your bank account you’re losing money. The point is to then encourage people to invest their money into stuff so they can benefit the economy. The things you mentioned are mostly the consequences of bad economic policies, not necessarily inflation. Whilst they might not exist were it not for inflation, that would bring about other problems as well.
You’re average consumer doesn’t think like this. Our system is sadistic, and economists are psychopathic to think so.
But in any case, the meme points to a few things:
Cost of living outgrowing wage
Stratification of cost of goods - with exponential growth, the minute difference in cost between goods or property twenty years ago is now large. Meaning e.g. new cars which were affordable are now a sign of wealth.
Failure to account for disruption due to major economic occurrences(e.g. artificial inflation due to greedy profit seeking, and corporate’s oligopoly on job supply)
Gobloads of other nuance
In other words I’m positing that steady infinite inflation is unsustainable in the long run unless you address all of those or your specific goal is to grow the wealth gap and entrench class separation further. It seems the goal of the political class has been the latter over the last 4-5 decades.
I’m not an economist so most of what I know I picked up over the years, but a lot of people definitely do think about inflation when they think about what to do with their money. Most people I know are aware of the fact that if you just keep your money in your bank account you’re losing money. The point is to then encourage people to invest their money into stuff so they can benefit the economy. The things you mentioned are mostly the consequences of bad economic policies, not necessarily inflation. Whilst they might not exist were it not for inflation, that would bring about other problems as well.