Yes, and then we’ll get used to it and they’ll never come down. Look at all the initial anger over the fuel prices! Diesel is still £1.83 a litre and we’ve all just accepted it.
Noonecanseemenow on
Then for better or worse those companies need to expect that fewer people are going to be purchasing those products in that case.
Sadly when you build an economy on wage stagnation, constantly peddling the narrative that tying wages to inflation is unsustainable and that unions seeking better conditions are simply greedy, you’ll get an economy that is highly sensitive to these shocks.
CheesyBakedLobster on
It’s kinda bizarre that we seem to be pretending that the Iran war is not an economic shock that is more severe than Russia’s invasion of Ukraine. Oil is not just for transport, it’s also the resource used to make a lot of chemicals and common materials like plastic. Taking millions of barrels of it off market every day is a big shock to the system.
FestarUK on
The problem is that the prices go up but never seem to go back down. Every time I visit the supermarket the prices incrementally go up by five to ten pence. Sadly my wages don’t rise to match.
Wretchh91 on
That title gives the assumption that prices eventually drop, but alas they never have.
limeflavoured on
Given that prices almost never fall, it might be more accurate to say “face higher prices forever”.
JacobBretwalda on
The old world and the american empire is slowly falling, what comes in its place we must brace for.
7 Comments
Yes, and then we’ll get used to it and they’ll never come down. Look at all the initial anger over the fuel prices! Diesel is still £1.83 a litre and we’ve all just accepted it.
Then for better or worse those companies need to expect that fewer people are going to be purchasing those products in that case.
Sadly when you build an economy on wage stagnation, constantly peddling the narrative that tying wages to inflation is unsustainable and that unions seeking better conditions are simply greedy, you’ll get an economy that is highly sensitive to these shocks.
It’s kinda bizarre that we seem to be pretending that the Iran war is not an economic shock that is more severe than Russia’s invasion of Ukraine. Oil is not just for transport, it’s also the resource used to make a lot of chemicals and common materials like plastic. Taking millions of barrels of it off market every day is a big shock to the system.
The problem is that the prices go up but never seem to go back down. Every time I visit the supermarket the prices incrementally go up by five to ten pence. Sadly my wages don’t rise to match.
That title gives the assumption that prices eventually drop, but alas they never have.
Given that prices almost never fall, it might be more accurate to say “face higher prices forever”.
The old world and the american empire is slowly falling, what comes in its place we must brace for.