Comment on They say "Change is slow" for anything that benefits the working class, but change is always instant for the Billionaire Class.

LovelyMover@lemmy.zip ⁨7⁩ ⁨hours⁩ ago

• Artisian@lemmy.world ⁨6⁩ ⁨hours⁩ ago

  Are we sure this is economically unreasonable? I think this happens in many financial systems; all you need is for a price increase in one place to cause cost increases at a delay (ie, fast inflation), eg: by workers getting paid more so they can afford the aforementioned price increase.

  (We should also note there are markets that don’t do this. Air travel is a notable example.)

  More interesting to me is price spikes when there’s no actual increase in costs. Several of those as of late.

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  • LovelyMover@lemmy.zip ⁨6⁩ ⁨hours⁩ ago

    Prices go up, governments react to help the industries that take the money but fail to lower the prices for consumers, it happens time & time again. Even if the benefit is passed onto consumers it never returns to the pre"whatever" price, it is always slightly higher. Can you think of a thing that got a price hike that then returned to the same price, or less?

    I’m sure it must happen but I’m not seeing it.

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