For example, mine's been flat since 2019, and I'm in oil. A few of the big guys started poaching from the little guys, but there's only so much room. The rest are sitting on their hands.
Problem is convincing ALL the individual companies that have now figured out that they could get away with being a LOT more greedy than they used to be........
Wages will never make a dent. Why? Because there's a rule to wages vs food prices: 1 loaf of bread, 1 Gal of milk, and 1 carton of eggs = hourly min wage. It's been that way for a helluva long time, and it's doubtful it'll be any different any time soon.
That's because there are no higher wages.
For example, mine's been flat since 2019, and I'm in oil. A few of the big guys started poaching from the little guys, but there's only so much room. The rest are sitting on their hands.
Working for a small business makes raises weak and rare.
Gasoline has to come down. Once that happens, EVERYTHING will come down.
Gas should be 75 cents if we opened up the production.
Absolutely! But it takes a lot longer to get things back up and running than to shut them down. OBiden did so much damage to this country.
Food is tied to the price of fuel.
It should start coming down as it becomes cheeper to produce.
Everything is tied to the price of fuel.
Problem is convincing ALL the individual companies that have now figured out that they could get away with being a LOT more greedy than they used to be........
Wages will never make a dent. Why? Because there's a rule to wages vs food prices: 1 loaf of bread, 1 Gal of milk, and 1 carton of eggs = hourly min wage. It's been that way for a helluva long time, and it's doubtful it'll be any different any time soon.
So, since '93, a net of +0.1%?
Sounds about right.