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Old_Slapper
CarAudio.com VIP
The average person gets a 2% raise, per year. With those numbers, that would be an 8% increase over the last 4 years. The average cost of goods, including gas, has risen over 20%. I added proof in case you you're wondering. So, tell me again how the higher inflation shouldn't affect our pockets?
Latest Inflation Statistics: The Prices Rising And Falling Most | Bankrate
Since February 2020, consumer prices have jumped 24.3 percent, a Bankrate analysis of Bureau of Labor Statistics data shows.
www.bankrate.com
ThxOne
Premium Member
Staff Member
OMG... you didn't get the memo? Only the liberal left's facts are valid. You can't give him facts... you will trigger him!!The average person gets a 2% raise, per year. With those numbers, that would be an 8% increase over the last 4 years. The average cost of goods, including gas, has risen over 20%. I added proof in case you you're wondering. So, tell me again how the higher inflation shouldn't affect our pockets?
Latest Inflation Statistics: The Prices Rising And Falling Most | Bankrate
Since February 2020, consumer prices have jumped 24.3 percent, a Bankrate analysis of Bureau of Labor Statistics data shows.www.bankrate.com
I won't say "failed at life", but if someone is unable to keep up with life and maintain a standard of living over time, they obviously did some things wrong along the way, wouldn't you agree?
I can't think of anyone whose goal is to do worse and worse with each successive year, week, or even day.
I guess I consider it "complaining" when people talk about a change and there is an implied or expressed displeasure in that change. Most people don't say "I'm really happy that kid keyed my car in the parking lot", or "Isn't it cool that prices go up every year?"
So, let's do that adult conversation thing. Like an adult, I have spoken to many of the numbers that define economic activity in the US and the world. You in turn have called them lies and claimed I pulled them out of my ***.
Be the adult you want to be, and speak to the facts and the big picture, not just your singular personal experiences.
Cool?
Your simply saying he is going to "make it better". Tossing the word "overhead expenses" in there provides no more detail than if you said "he'll work to achieve the goal through direct and indirect actions in concert with the market forces that define the nature of business".
What will he do directly to "lower overhead expenses"? As I said, I want a specific plan, not simple claims and promises.
OK. How about we revisit 2016 an not vote for him since he made things worse than they were before him?
But since we can;t time travel, what's the actual PLAN?
HOW DID YOU PAY $1.88 PER GALLON FOR THE PERIOD FROM 2017-2020, WHEN THAT PRICE ONLY HAPPEND FOR ONE DAY IN EARLY MAY 2020? HOW MUCH GASOLINE DID YOU BUY IN 2016 WHEN GAS WAS AT $1.88 PER GALLON, SO THAT YOU COULD USE IT DURING 2017-2020 ????
"Explain economics"? You can't even explain how you managed to pay $1.88 for gas for 2017-2020, when it never dipped even CLOSE to that low, except for one day in May 2020.
HOW DID YOU PAY THAT PRICE FOR TRUMP'S WHOLE PRESIDENCY?
Which one? There were many.
Want her tax plan? Here, you can read about it plus an analysis: https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/
What is ONE of Trump's plans to improve things? Not "I will make it better". I want details.
ThxOne
Premium Member
Staff Member
No, I don't agree with your statement. What you are stating is that no matter what the issue is it is up to the individual to overcome. So, if I was unable to keep up with inflation over the last 4 years that is MY fault and not the fault of the presidential administration and their policies? Are you kidding me???
The average person gets a 2% raise, per year. With those numbers, that would be an 8% increase over the last 4 years. The average cost of goods, including gas, has risen over 20%. I added proof in case you you're wondering. So, tell me again how the higher inflation shouldn't affect our pockets?
Latest Inflation Statistics: The Prices Rising And Falling Most | Bankrate
Since February 2020, consumer prices have jumped 24.3 percent, a Bankrate analysis of Bureau of Labor Statistics data shows.www.bankrate.com
OMG!!! Except you ignore that he completely pulled the "2%" wage number and the "20%" gas price increase numbers directly out of his ***.
Wage increases haven't averaged 2% since before TRUMP was in office, FFS.
If we remove the major wage drop during trump and the major recovery spike under Biden (self-canceling), you see that average increases have been over 4.5%, and over 6% for this year.
I read the link you provided, and do not see where we have had a cumulative inflation rate of 20% but a cumulative wage increase of only 8%. Can you snip that part of the article and share (specifically where wages only grew by 2% per year)?
The chart below is from your shared link.
ThxOne
Premium Member
Staff Member
So what is everyone "complaining" about with Biden's economy? Is it mass hysteria?
Old_Slapper
CarAudio.com VIP
Again, you mentioned the gas prices. I was just going off of what you said. Here in Cali, I was paying $2.80 a gallon under Trump. Now it's $4.50. Much more than a 20% increase. I make $10k more that I did in 2020, but that isn't a 20% increase.
Kamala's tax plan goes to show how operating costs will go up. She plans to tax the crap out of corporations and rich business owners. Who do you think will really be paying for that? Do you honestly believe rich people and corporations are going to accept a pay cut? NOPE!!! That means prices will go up and workers lose jobs and/or don't get raises.
I know you don't understand what an overhead cost is, so that goes to show you have no clue on how economics works. I'm sorry, but I don't have the time or desire to teach you all about it.
Here are some real plans from Trump. Not those make-believe ones from Kamala, who put many of those plans in affect.
- Lower U.S. energy costs: make oil processing and energy less expensive to produce.
- Slash federal spending: Pull out of the Paris Accords, which costs up millions with no returns
- End wars abroad: This costs the US billions.
- Cut regulations: Get the government out of trying to control everything.
- Curb illegal immigration: Illegal immigrants costs the US billions to support.
Probably going to hit my post limit, but I thought I was pretty clear that there are curveballs that get thrown that people can't overcome, but EVERY person cannot use that excuse.
If you recall, just a few months YOU were the one railing against a living wage or a higher minimum wage for min-wage workers, because all 42 million of them should just go "get a better job" instead of expecting their employer to take less profits and pay them fairly.
But now that you have been unable to keep up, it's not your fault that you didn't just go an "get a better job".
It's the fault of the government, specifically the current administration.
Why such a dramatic change in your argument from one that min-wage workers should just "get a better job", to "It's Biden's fault I can't make enough money or get a better job to keep up with life".
ThxOne
Premium Member
Staff Member
You really are a funny guy. Who said I couldn't keep up? Wasn't me. I am smart enough to know what happens when you force higher wages on employers. I know/knew what would happen. What did happen Rob? In Cali? Businesses closed, people lost their jobs.
if you are close to your post limit then edit and add to your last post.
Old_Slapper
CarAudio.com VIP
I obtained those numbers directly from our HR bulletin board. The average company gives a 3% raise each year. That is only if you meet all the goals. Most people get less, with some getting nothing. Get out from under your rock and your will see this. The average pay raise is actually 1.7%. I bumped it up to 2%.
Here, I pulled this graph out of my butt also. Oh wait... it's from the same place you obtained your graphs. Funny thing is, you only pulled up the ones that support your points, which are based off inflation. Pull the real numbers. Also, you have to look at raises, not investments by millionaires and billionaires, who are the only ones that grained an income.
You have to look at the Real Median Family income in the US. Lookie there... it goes down from 2019 to 2023.
I like how your show a graph of inflation from 2021 to 2024. Take a look at how much inflation jumped in 2021 and take another look at who was in charge.
As for the gas number, yes, I pulled that out of my ***. the real increase of what pay for gas is closer to 70% higher than in 2019. Does that make you feel better?
I'm done with this argument, again. Look up the cost increase of all goods, and look up the average income increase. You will see that the costs of goods have gone up much higher than our income.
OK. We're making some headway. $2.80 is a big jump from the $1.86, and much more accurate of the average prices.
The median income in CA in 2017 was $70K, and it is now $90K. That's a 23% increase.
If gas went from $2.8 to $4.5, that's an 18% increase.
So income went up 5% more than gas.
Maybe not for YOU specifically, but for California as a whole.
OK. So Trump's plan was to reduce taxes on the big guy the most, and just a little bit for the average Joe, with the idea that the money will be pumped into the economy ten-fold, and America would rejoice.
But, trickle-down has never worked before. And it failed again.
So, we're going to give it another shot and hope it works THIS time?
I know plenty about overhead costs and how they factor in to the final price of a product. I asked you many posts ago to tell me what percentage of manufacturing costs lie in energy. You couldn't answer.
It varies from 4-12% depending on the product.
So let's assume it's 6% average.
A product that costs $100 to make will have $6 in energy costs.
If that goes up 25%, it's now $7.50 in energy. So the mfg cost is $101.50
Let's go crazy, and assume the Mfgr keystones their item price to the retailer. So, the retailer paid $200, but now pays $203.
The retailer hits their 40% GPM and sells it for $333. BUT they now have to sell it for $338 because of that 25% in energy cost spikes.
The retail price of that item went up by 1.5% due to a 25% increase in energy costs.
Since you seemed to indicate energy is a massive portion of the cost of goods, what is Trump going to do in order to make oil cost less to produce?
We know that he forced a price increase in order to protect local producers from low prices, so what will he do in order to reduce their costs so that they can afford to offer lower prices?
The claim is far more than millions, but it is also said that the world benefit of what they are doing could be in the trillions. Definitely one of those things that seems to swing with whatever narrative people want. There is no denying that things are changing, and that we are part of the cause, but no one will believe it if they are told not to.
We as humans have the right to destroy the planet as we choose. It's OUR planet. Until it decides to eradicate us because we fucked up the balance of this bigass biodome we live in.
This is a big one. Does he just tell them to stop having wars, or else? Do we just nuke all warring factions back to the stone age? Do we pick a side, defeat the enemy, then defeat the side that we picked so we can control them? What's the plan for this?
Who does it get handed off to, and exactly what regulations are we talking about?
It sounds like he wants to increase regulation if he is going to somehow step in and directly control the free economy to bring everything into a balance that we are all happy with.
They sure do. Does he have a plan this time?
For some reason, deportations rose massively under Biden, but not under Trump.
Did he just put all eggs in his flawed "build a wall" plan, and have no backup for when it inevitably failed?
How does he plan to curb it this time around?
The average company gives only 3% (already increased by 1% per year over your previous claim), yet the average wage increase has been over 4% for the entire Biden administration.
Perhaps your HR bulletin board is working with older numbers, maybe from the Bush era?
It absolutely did. What happened in 2020 that could cause that. What happened in previous eras that could cause it to drop, then surge, then drop, then surge? And who was POTUS when it started to drop in 2020?
I could show a graph of it doubling right after Trump took office, and hold at double until he left, but I thought we were discussing inflation under Biden.(?) Biden became POTUS in 2021...
So you increased your driving by 58%. Did you buy a big truck with big tires, and put 100 Trump flags on it to reduce your gas mileage to 4MPG, too ? I hear it's a great way to validate the complaints, oops -I mean "economic discussion", of gas prices being too high.
Much higher than YOUR income. By the numbers, you do not represent the average.
It happens.
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