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<p>[QUOTE="mikem2000, post: 1841897, member: 30574"]Yeah, but do you buy into the fact that it is worse with deflation? In deflationary times, manufacturers get less and less for their goods. The way they deal with this, is paying people less for comparable work, and trust me, when they start with the take aways, it is brutal. So even though the cost of goods are going down, wages might be falling much faster. That is why not being able to "stay even", is really not an inflation problem, but just a problem in general.</p><p><br /></p><p>There is a never ending battle and balance, between labor and management. At the present time, I believe management has the upper hand and they are very good at getting more production and paying less. This is what I believe the real issue is, not inflation itself. When unions were in their hey day, workers wages were absolutely crushing inflation, labor was in charge, and at least for the short term, the little guy was getting ahead reguardless of inflation or deflation.</p><p><br /></p><p> I do want to make it clear that I am talking about mild controlled inflation. I readily admit, high uncontrolled inflation, is certainly a problem. That has more to do with too little time to adjust and the consumer is just run over by the truck.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1841897, member: 30574"]Yeah, but do you buy into the fact that it is worse with deflation? In deflationary times, manufacturers get less and less for their goods. The way they deal with this, is paying people less for comparable work, and trust me, when they start with the take aways, it is brutal. So even though the cost of goods are going down, wages might be falling much faster. That is why not being able to "stay even", is really not an inflation problem, but just a problem in general. There is a never ending battle and balance, between labor and management. At the present time, I believe management has the upper hand and they are very good at getting more production and paying less. This is what I believe the real issue is, not inflation itself. When unions were in their hey day, workers wages were absolutely crushing inflation, labor was in charge, and at least for the short term, the little guy was getting ahead reguardless of inflation or deflation. I do want to make it clear that I am talking about mild controlled inflation. I readily admit, high uncontrolled inflation, is certainly a problem. That has more to do with too little time to adjust and the consumer is just run over by the truck.[/QUOTE]
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