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[ThxOne Premium Member]

You basically have stated you don't understand the concepts of inflation, nominal versus real pricing, the CPI, and change over time, but still want to complain about prices that have been historically dropping for decades and are not very different from what they were even a couple of years ago.

Yet, you still insist on complaining and arguing that you are right.
Wow.

You know how I know you're gay? You keep saying I said stuff I didn't say.

I didn't "basically state I don't understand" anything. I said what you were talking about is not relevant to the discussion.

You know how I know you're gay? You have an historical and insatiable lust for man juice.

Prices have been dropping for decades on a graph that people can manipulate with whatever metrics they want to make it display whatever they need to fit the agenda.

You know how I know you're gay? Your son has a poster of WHAM in his room but you gave it to him so you could gaze at it.

You do know that FEDERAL minimum wage is $7.25 per hour still right? So let's go ahead and talk about your inflation in a relevant conversation. Shall we? July 24th 2009 $7.25 per hour becomes the Federal minimum wage. Just over 13 years ago.

July 2009 the National Average gas price was $2.68 per gallon and the minimum wage was $7.25
July 2022 the National Average gas price was $4.66 per gallon and the minimum wage IS $7.25

Is a person making the federal minimum wage of $7.25 per hour in 2022 paying more or less than the person making the exact same federal minimum wage in 2009 for a gallon of gas?

 

[Jimi77 Premium Member]

We are not paying prices in any other time period than now. What we are paying currently is all that is relevant. Don't be confused. I understand inflation, hell, I understand what Rob keeps puking at us but this isn't about history lessons, math lessons or finding fun ways to make the current recession seem normal and in keeping with trends or making it seem like it isn't happening or downplaying what people are actually paying for things out of pocket. The time to talk about inflation in 1978 was in 1978.

Like I said, you can't take something that cost $10 then make it cost $50 then make it cost $40 and tell the people you lowered prices for them and expect praise. But that IS what they are doing and these phucks are eating it up with a spoon and actually believe these idiots are doing good. The last place i worked did similar trickery. They would have a normal price for something then increase the price of it for like a month then put it on sale for the original price. Only what the current government is doing is only bringing the price back down minimally so we are ALL paying much more.

We see businesses jack up prices all the time to make their "sales" price seem more appealing. In the case of the global economy, that’s not the case unless you believe there is sort of worldwide collusion. If there is indeed a global conspiracy to fleece the working class, then Biden is just a tiny cog in giant machine that would have churned out inflation regardless of who the POTUS was.

I suspect it's more along the lines of Econ 101 - you print a bunch of money, you will have inflation.

 

[YourNameHere 10+ year member]

 

[RobGMN Premium Member]

You know how I know you're gay? You keep saying I said stuff I didn't say.
I didn't "basically state I don't understand" anything. I said what you were talking about is not relevant to the discussion.
When you write a post that shows you don't understand things, that is the equivalent of you saying you don't understand things. If you post that you are on your fifth beer, you don't need to tell us you like beer for us to recognize the fact. Anyone who complains about price increases but also says time and things like inflation have no relevance to price changes has basically said they do not understand the basic concepts. Logical deduction.

You know how I know you're gay? You have an historical and insatiable lust for man juice.
Is that the best you can do? A 4th grader's attempt at an insult? You really should put more effort into it, pizza boy. Maybe ask your babysitter to help you out instead of watching movies on your "home entertainment system" laptop.

Prices have been dropping for decades on a graph that people can manipulate with whatever metrics they want to make it display whatever they need to fit the agenda.
The same metrics that you use to claim things were great under Trump are now metrics that are being used to "fit the agenda"? The same metric that have been in use since before you were born, and can all be verified through multiple methods. Interesting.

You know how I know you're gay? Your son has a poster of WHAM in his room but you gave it to him so you could gaze at it.
This was an attempt, but a really weak one. A complete fail of logic. But you're good at failing. So...kudos?

You do know that FEDERAL minimum wage is $7.25 per hour still right? So let's go ahead and talk about your inflation in a relevant conversation. Shall we? July 24th 2009 $7.25 per hour becomes the Federal minimum wage. Just over 13 years ago.
Min wage has no relevance in the discussion of real prices. That you bring it up shows you have no clue to what you are even arguing.
In 2010 the average annual salary was $$26.363 and gas averaged $2.79/gallon nominal price. In 2021 the average salary was $51,480 and gas averaged $3.01 nominal.
Wages doubled and gas went up NOMINALLY 10%. Let that sink in. Or ask your babysitter what it might mean when looking at the real price over time.

July 2009 the National Average gas price was $2.68 per gallon and the minimum wage was $7.25
July 2022 the National Average gas price was $4.66 per gallon and the minimum wage IS $7.25
Since you mentioned it twice, tell us what this means in the context of the real price of gasoline over time. Do you think that b/c the Federal minimum wage is what all employers pay, or do you think that's the min wage in every sate? Do you think that b/c the Federal minimum has not gone up that everyone is making the same salary in 2022 that they did in 2009?
Maybe YOU are, but I can assure you the rest of America is not.
Your logic is flawed.

Is a person making the federal minimum wage of $7.25 per hour in 2022 paying more or less than the person making the exact same federal minimum wage in 2009 for a gallon of gas?
Not enough information to answer accurately.
BUT - If the 2022 person is driving a car that has followed the trend and is getting double the gas mileage of the 2009 person's car, then they are using 50% less gas. $4.66 is less than double $2.68, so the 2022 person is paying less in gas expenses.
If they are driving the exact same car, then the 2022 person is paying more.

 

[ThxOne Premium Member]

You know how I know you're gay? You keep saying I said stuff I didn't say.
I didn't "basically state I don't understand" anything. I said what you were talking about is not relevant to the discussion.
When you write a post that shows you don't understand things, that is the equivalent of you saying you don't understand things. If you post that you are on your fifth beer, you don't need to tell us you like beer for us to recognize the fact. Anyone who complains about price increases but also says time and things like inflation have no relevance to price changes has basically said they do not understand the basic concepts. Logical deduction.

You know how I know you're gay? You have an historical and insatiable lust for man juice.
Is that the best you can do? A 4th grader's attempt at an insult? You really should put more effort into it, pizza boy. Maybe ask your babysitter to help you out instead of watching movies on your "home entertainment system" laptop.

Prices have been dropping for decades on a graph that people can manipulate with whatever metrics they want to make it display whatever they need to fit the agenda.
The same metrics that you use to claim things were great under Trump are now metrics that are being used to "fit the agenda"? The same metric that have been in use since before you were born, and can all be verified through multiple methods. Interesting.

You know how I know you're gay? Your son has a poster of WHAM in his room but you gave it to him so you could gaze at it.
This was an attempt, but a really weak one. A complete fail of logic. But you're good at failing. So...kudos?

You do know that FEDERAL minimum wage is $7.25 per hour still right? So let's go ahead and talk about your inflation in a relevant conversation. Shall we? July 24th 2009 $7.25 per hour becomes the Federal minimum wage. Just over 13 years ago.
Min wage has no relevance in the discussion of real prices. That you bring it up shows you have no clue to what you are even arguing.
In 2010 the average annual salary was $$26.363 and gas averaged $2.79/gallon nominal price. In 2021 the average salary was $51,480 and gas averaged $3.01 nominal.
Wages doubled and gas went up NOMINALLY 10%. Let that sink in. Or ask your babysitter what it might mean when looking at the real price over time.

July 2009 the National Average gas price was $2.68 per gallon and the minimum wage was $7.25
July 2022 the National Average gas price was $4.66 per gallon and the minimum wage IS $7.25
Since you mentioned it twice, tell us what this means in the context of the real price of gasoline over time. Do you think that b/c the Federal minimum wage is what all employers pay, or do you think that's the min wage in every sate? Do you think that b/c the Federal minimum has not gone up that everyone is making the same salary in 2022 that they did in 2009?
Maybe YOU are, but I can assure you the rest of America is not.
Your logic is flawed.

Is a person making the federal minimum wage of $7.25 per hour in 2022 paying more or less than the person making the exact same federal minimum wage in 2009 for a gallon of gas?
Not enough information to answer accurately.
BUT - If the 2022 person is driving a car that has followed the trend and is getting double the gas mileage of the 2009 person's car, then they are using 50% less gas. $4.66 is less than double $2.68, so the 2022 person is paying less in gas expenses.
If they are driving the exact same car, then the 2022 person is paying more.

Wow you are truly pathetic. Brainless and pathetic. These aren't fucking riddles Rob. The goal is to answer the direct questions. Not to add a bunch of shit to the questions then claim the questions mean something else so you can give an answer that makes sense to YOU. You are just dumb.

The only thing you needed to know and I gave you was the amount of money the person was earning is the exact same. The income is the same however the cost of the gas has changed. If he is earning the same money but the cost of what he buys has risen then he is paying more. It is literally that simple. You cannot answer a simple question but you tell me I don't understand shit. You are clueless.

This minimum wage is relevant because it is still the current minimum wage which means a person could have made $7.25 back in 2009 and a person could still make $7.25 in 2022 but will have less money because everything cost more. While most people will have COL increases, not everyone will so it matters even if you think it doesn't.

 

[metalheadjoe 10+ year member]

You know how I know you're gay? You keep saying I said stuff I didn't say.

I didn't "basically state I don't understand" anything. I said what you were talking about is not relevant to the discussion.

You know how I know you're gay? You have an historical and insatiable lust for man juice.

Prices have been dropping for decades on a graph that people can manipulate with whatever metrics they want to make it display whatever they need to fit the agenda.

You know how I know you're gay? Your son has a poster of WHAM in his room but you gave it to him so you could gaze at it.

You do know that FEDERAL minimum wage is $7.25 per hour still right? So let's go ahead and talk about your inflation in a relevant conversation. Shall we? July 24th 2009 $7.25 per hour becomes the Federal minimum wage. Just over 13 years ago.

July 2009 the National Average gas price was $2.68 per gallon and the minimum wage was $7.25
July 2022 the National Average gas price was $4.66 per gallon and the minimum wage IS $7.25

Is a person making the federal minimum wage of $7.25 per hour in 2022 paying more or less than the person making the exact same federal minimum wage in 2009 for a gallon of gas?

The reason minimum wage hasn't been increased is because employers are paying higher wages on their own. I actually got a raise when the minimum went up. I haven't done any research, but I'd bet the percentage of workers making minimum wage has largely declined since 2009, so that isn't a good reference.

 

[ThxOne Premium Member]

The reason minimum wage hasn't been increased is because employers are paying higher wages on their own. I actually got a raise when the minimum went up. I haven't done any research, but I'd bet the percentage of workers making minimum wage has largely declined since 2009, so that isn't a good reference.

I 100% agree. It was just a point I was making. There are people who still make the minimum and those people and people making lower hourly wages are the ones affected the most by this inflation/recession. They way Rob speaks about it is that it is no more than a minor inconvenience. It may very well be that, for him but there are literally millions of Americans that it has become a burden having Biden in the White House and all the money printing these people are doing.

 

[RobGMN Premium Member]

The reason minimum wage hasn't been increased is because employers are paying higher wages on their own. I actually got a raise when the minimum went up. I haven't done any research, but I'd bet the percentage of workers making minimum wage has largely declined since 2009, so that isn't a good reference.

Not to mention that many states have min wages that are well above Federal min.

 

[ThxOne Premium Member]

Not to mention that many states have min wages that are well above Federal min.

Ok so we could go back to 2008 then and use Minnesota when it became $10.33 which is also the current min wage there. So for someone who made $10.33 in 2008 and still makes $10.33 today, things would cost that person more now. For the sake of argument, this person was a loser and never earned a raise due to performance.

 

[RobGMN Premium Member]

I 100% agree. It was just a point I was making. There are people who still make the minimum and those people and people making lower hourly wages are the ones affected the most by this inflation/recession. They way Rob speaks about it is that it is no more than a minor inconvenience. It may very well be that, for him but there are literally millions of Americans that it has become a burden having Biden in the White House and all the money printing these people are doing.

Biden is pushing to raise the federal minimum, which would help the 1.6 million workers you are concerned about who make the federal minimum.
Is that one of those good things that Biden has “never” done?

The reason the fed minimum is not relevant is b/c is doesn’t tell us what the reality of incomes is.
Like I said, the average salary has doubled since 2010, even though the federal min wage did not . That tells you the true story.

 

[RobGMN Premium Member]

Ok so we could go back to 2008 then and use Minnesota when it became $10.33 which is also the current min wage there. So for someone who made $10.33 in 2008 and still makes $10.33 today, things would cost that person more now. For the sake of argument, this person was a loser and never earned a raise due to performance.

I didn’t bring that up b/c it’s not part of the discussion.
But again, time travel if you want.
2008 guy’s car gets 20MPG.
2022 guy’s car gets 40MPG.
2008 gas is a hypothetical $2.50
2022 gas is a hypothetical $4.50
2022 guy is paying less for gas if all other factors are equal.

If your loser has not gotten a raise in 14 years, and is still driving his 1999 Camaro, then gas costs them more now relative to their income.

I’m not even sure if fuel economy is factored into figuring real prices. If not, then gas is actually getting even cheaper than the charts show, since we are using less per mile.
Economies of scale.

 

[ThxOne Premium Member]

I didn’t bring that up b/c it’s not part of the discussion.
But again, time travel if you want.
2008 guy’s car gets 20MPG.
2022 guy’s car gets 40MPG.
2008 gas is a hypothetical $2.50
2022 gas is a hypothetical $4.50
2022 guy is paying less for gas if all other factors are equal.

I’m not even sure if fuel economy is factored into figuring real prices. If not, then gas is actually getting even cheaper than the charts show, since we are using less per mile.
Economies of scale.

So what you are saying is you refuse to have a conversation. OK cool.

 

[RobGMN Premium Member]

So what you are saying is you refuse to have a conversation. OK cool.

TF are you on about? We’re HAVING a discussion.
I asked you a math question that was easily answered with everything in the question, and you accuse me of not providing enough info.
You ask ME an incomplete question and I say so while giving some POSSIBLE answers, but I’m refusing to discuss?
Are you bi-polar or drinking early?

I didn’t bring up the idea of the person being a loser because it’s not relevant, AND it could be comparing someone who got paid min back then, and someone who just got their first job now.

 

[ThxOne Premium Member]

TF are you on about? We’re HAVING a discussion.
I asked you a math question that was easily answered with everything in the question, and you accuse me of not providing enough info.
You ask ME an incomplete question and I say so while giving some POSSIBLE answers, but I’m refusing to discuss?
Are you bi-polar or drinking early?

I didn’t bring up the idea of the person being a loser because it’s not relevant, AND it could be comparing someone who got paid min back then, and someone who just got their first job now.

Oh my gentile Jesus. Rob, you're killing me. You are right, it could be two different people and was in the first example i posted.

Rob, what is your area of expertise?

 

[RobGMN Premium Member]

Oh my gentile Jesus. Rob, you're killing me. You are right, it could be two different people and was in the first example i posted.

Rob, what is your area of expertise?

Good question. I’d have to say investigation of facts because it’s been my job for many years.
I do like to know things about a lot of subjects, though. Makes it easy to converse with a wider variety of people, and I’m inquiring by nature.