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Coffee Shop
How much would you work for?
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<blockquote data-quote="JParrott" data-source="post: 1663456" data-attributes="member: 37914"><p>I don't think prices <em>have to go up</em> but I agree with your point. Milton Friedman opened the door fifty years ago to every shareholder feeling like they're consistently owed a profit so every time wages go up, prices go up. In my opinion, even if prices for goods remained close to the same, growth would be incredible but until supply caught up the increased demand generated from the expendable cash flow in the economy all of a sudden, prices would go up anyway.</p><p></p><p>The past year has demonstrated what happens to prices when the supply chain reserves are depleted. Production capacity for many raw materials is maxed out and the demand isn't subsiding. I still think it's going to be at least 12-18 months before equilibrium is close to being achieved.</p><p></p><p>I also see a higher amount of people not willing to work for the wages offered here locally. We can't find folks willing to show up consistently or at all for any length of time. I agree that attitude, work ethic, and the accepted decrease in shame for not having a job are strong contributing factors.</p></blockquote><p></p>
[QUOTE="JParrott, post: 1663456, member: 37914"] I don't think prices [I]have to go up[/I] but I agree with your point. Milton Friedman opened the door fifty years ago to every shareholder feeling like they're consistently owed a profit so every time wages go up, prices go up. In my opinion, even if prices for goods remained close to the same, growth would be incredible but until supply caught up the increased demand generated from the expendable cash flow in the economy all of a sudden, prices would go up anyway. The past year has demonstrated what happens to prices when the supply chain reserves are depleted. Production capacity for many raw materials is maxed out and the demand isn't subsiding. I still think it's going to be at least 12-18 months before equilibrium is close to being achieved. I also see a higher amount of people not willing to work for the wages offered here locally. We can't find folks willing to show up consistently or at all for any length of time. I agree that attitude, work ethic, and the accepted decrease in shame for not having a job are strong contributing factors. [/QUOTE]
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