The title of the story should be that consumers should expect everything to
climb. The government has pumped an enormous amount of money into the economy
to try and make things look better than they are. As the economy improves (as
it will because an economy always overreacts in both directions) that extra
money will force prices higher. The last time we printed this much money we
had high inflation rates of the 1970.And just think about taxes. We
spend hundreds of billions of dollars on interest on the national debt when we
are paying 2%. What happens when interest rates rise and we are paying over $1
trillion a year in interest on the national debt? Taxes will have to go up to.
I realize the writer here is just quoting a few words from a HuffPo story (Why ?
When were they last correct about anything that actually matters ?), but re:
minimum wageI doubt very seriously that a raise in minimum wage has
anything to do with "attracting top talent" except in the faculty lounge
within HuffPo's economist's ivory tower because A) if you're
making minimum wage, by definition you're _not_ top talent and B) I doubt
very seriously that top talent in any walk of normal life (discounting the
occasional liberal bastion like Hollywood) either takes or turns down a job
purely based on what the company is paying its non-top-talent employees.Seriously, DN, if your writers really know that little about either
economics or common sense, you either need to stop writing about economics for
good--or at least stop letting bubble-headed young people put together stories
like this. Someone might read it and think the author actually knows something.
As my options are eliminated, I'm left with bad choices to prolong the
inevitable, When I can't afford to live.