I was in a Nike store this weekend. I heard a part-time employee say:
Guy: "Man...I'm only here for 25 hours. That barely pays for gas. If gas gets any higher, it wont even be worth it to come in. I'll just quit."
Me: "People gonna flip shit if they can't get to work to pay their bills."
Guy: "Hell yea we are!"
People in the back nod.
I don't travel very far for work, so I never thought how hard inflation is hitting people who travel across town, let alone people who don't get much above minimum wage.
The powder keg leans forward a little further...stock up!
Traded my F150 in this weekend on a Subaru that gets 30+ mpg on the highway. The Ford was costing me about $25 per day to get to work. The Subaru will cut my fuel costs by more than half. I make a decent salary and could tighten my belt and deal with the current fuel costs. However, if (more likely when) fuel prices continue to rise to say $8 per gallon or more then it would absolutely cripple my budget. $8 per gallon would mean $50+ per day just to get to work in the Ford. Every car lot in my area is full of trucks and suvs. I’ve already seen Ford trucks selling for 10k below market value.
A days wages for a loaf of bread