Who Shares the Blame for Prices Rising Faster than Wages?

BOX SCORE: The Inflation Blame Game

Puzzle Summary:

For 20 to 50 years, until the COVID "shutdown" only the costs of higher education, childcare, healthcare, and housing in some markets outgrew wages in the US. Well-paying jobs are great but that doesn't keep the price of goods and services low. Abundant cheap goods and services are great but that doesn't create high paying jobs.

ONE PARROT blames the government for low interest rates and spending too much money causing prices to rise faster than wages. THE OTHER PARROT blames greedy companies for not increasing production and increasing profits causing prices to rise faster than wages. Many industries are either disadvantaged because of foreign competition or because of impending product obsolescence. 

Both Parrots make their good points over and over and over again. What did our nonpartisan scoring system say?                       

BOX SCORE for the Inflation Blame Game
Weighted-Average Forecast

:62%: ± 5% Nonpartisan Score
Sides of the Table 4/4
Wall of Information 4/8
Cultural Windows 10/16
Columns of Bias 5/8

Conclusion: LEADERBOARD WORTHY

 

Top Four Key Reasons that Roles Share the Blame for Unwanted Inflation

Climate Change and Greening cause price spikes
Tariffs make goods more expensive
US companies aren’t investing in capacity
Small margin industries can’t raise wages

 

Top Four Key Reasons that Roles Don’t Share Blame for Unwanted Inflation

Offering a living wage with COLA
Importing goods lowers prices
Innovation creates jobs and lowers prices
40% of FT workers are under a living wage

 

Where Can We Agree?®: Four Odd Couples Sharing Blame

Planet First Democrats & Materials
Entertainment & Gun Owners
Multi/Nationals & International NGOs
Unions & Entrepreneurs

 

Where Can We Agree?®: Four Odd Couples Not to Blame for Inflation

Activists & Original Equipment Manufacturers
Urban Part Time & Billionaires
Government Unions & Rural Professionals
Students & Seniors

 

Four A-hah Moments

(Yes) Government payments making work unattractive
(Yes) Sick Care costs and damages are out of control

(No) Robots take low paying jobs so workers can move up the ladder
(No) Planned obsolescence increases wages

 

Politics 4.0 DNA (ACGT) Conclusion

We predict an 62% super-majority of roles in this country are partially to blame for unwanted inflation with a slightly higher error margin of  ± 5%.  Thrift (T) types are resistant to expanding their capacity. Abundance (A) types want everything to be a commodity. Commerce (C) types search for ways to charge more for the products and services to increase profits. Governance (G) types avoid the most elegant answers because of politcs. 

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Posted 8 months ago