Corporate Media Has Decided Your Suffering Is Inconvenient

[Yo_Mama_Been_Loggin]

There’s a certain tone the American media adopts when it has decided that the public is asking too much of it: the demeanor of a patient parent explaining that ice cream is not dinner, even though everybody wants it to be.

Last week, The Washington Post published a headline that captured this perfectly with a straight face: “Why you may not want lower prices as much as you think you do.”

On Tuesday, it followed this up with, “Actually, today’s food prices are a bargain.”

(We pause here to note that Jeff Bezos, the owner of the Post, is the largest individual shareholder in Whole Foods, which is notorious for its not-so-bargain prices. If you really don’t want lower prices, as Bezos’ newspaper is trying desperately to convince you, Whole Foods is a great place to start shopping.)

https://saltypolitics.substack.com/p/corporate-media-has-decided-your

[Jerry2144]

1. There is a reason why people call his grocery store

“Whole Paycheck”

[Silent Type]

2. One should read the WaPo article-- ". . . . . . Ironically, falling prices can both signal a recession and trigger one."

"“Think about what would happen if the price of all goods would drop to the pre-pandemic level,” said Francesco Bianchi, who chairs the economics department at Johns Hopkins University. The inflation of recent years also has driven up workers’ wages. If wages stay high but the price of goods fall, companies won’t make enough profit to pay their employees. “That would make the cost of hiring workers extremely high, and that might trigger a recession — and then the recession creates even more expectation for lower prices. This is why economists are very concerned about deflation.”


"Laura Veldkamp, a professor at Columbia Business School, said even the expectation of lower prices can trigger a recession. “If I thought that was going to cost less tomorrow, why would I buy it today? … As soon as we believe the prices are going down, demand will plummet and we’re likely to immediately have a recession,” she said. “Price declines are typically associated with really severe negative outcomes.”

"And while Americans might be clamoring for lower prices, surveys suggest they don’t actually expect it to happen. According to the University of Michigan’s Survey of Consumers, most respondents expect inflation to go higher in the next year. . . . . ."
____________________________

Makes sense to me, but you gotta read the article.

[Brenda]

5. What a fucking load.

It only makes sense to the filthy rich lying CEO's and top shareholders who steal the wealth from the workers and the customers.

If wages stay high but the price of goods fall, companies won’t make enough profit to pay their employees.

Truly written by someone with a PhD in Bamboozle.

"And while Americans might be clamoring for lower prices, surveys suggest they don’t actually expect it to happen.

Duh. When have the prices ever gone down at the grocery store?

[Silent Type]

6. Think AI is a threat, see how many jobs remain after deflation.

[Brenda]

7. AI is a much larger threat to our world

because it is not just the economy but every other aspect of humanity.

Deflation fearporn from economists is like all other fearporn they engage in.

You must be in their bubble.

It's unhealthy to live inside any bubble even innocuous bubbles like Yoga Bubble or Sports Bubble. Because you tend to only see one slice of reality. And those people will do anything and everything to keep you in that bubble. And the best way to do that is to hit your buttons of Fear or Pleasure.

[Silent Type]

8. Talk about unfounded fear.

[mwmisses4289]

3. So how much does high ceo pay help

contribute to higher prices? Not sure if i can articulate this very well, but many of the companies that complain about paying ordinary employees a living wage seem to have no problem paying a ceo really obscene salaries.

[AnnaLee]

4. Or maybe a boom

Think of all the money available to buy stuff. Lower income people spend what they can afford. There are more workers than CEOs.