• ryathal
    link
    fedilink
    arrow-up
    2
    arrow-down
    2
    ·
    11 days ago

    That’s what happens with massive inflation, more and more people get made poor as income can’t match the rising costs. Once inflation cools to the point cash from month 1 is about the same as cash from month 2, people have a chance to get out of poverty.

    • josefo@leminal.space
      link
      fedilink
      arrow-up
      4
      ·
      edit-2
      11 days ago

      Previous governments from all political parties, all them had inflation, and workers could recover from it because unions negotiated raises according to inflation in every industry, it was commonplace back then. Why do you think there is a recession happening right now? Not only we have more people in poverty, but people outside of it also has no money to spend. Inflation kept rising but NOW, salaries didn’t accompany it. Few privileged escape this situation, even the original article doesn’t paints this stuff in a good light. We have inflation in US dollars now, so the country is becoming more expensive to live in in a way people can’t react to, how do you think that will help with poverty? It’s now, with this government, for the first time ever, that income can’t match rising costs, moron. People can’t even pay for food, housing or even electricity, take your head out of your ass, this is not just statics, it’s people. The original article states a loss of 3.5 GDP, do you know what that means?

      Libertarian assholes think everything is cold numbers in a chart, I hope they get fucked as the Nazis they are.