Real Inflation is when….The price you useto pay for a 1/2 gallon jug of orange juice….

[Coronita]

..now only buys you a jug that is 52 ounces…

Not that noticeable, but as you can see the OJ is slightly smaller than the 1/2 gallon almond milk

[spdrun]

Thanks, Zimbabwe Ben Bernanke…

[moneymaker]

Shrinkage is everywhere and a form of inflation that I wonder if the government even picks up on. When they say inflation is 2% I always wonder what universe they are in, obviously not the one I live in.

[outtamojo]

Try taking the kids and their friends out for a fast food meal…

[FlyerInHi]

[quote=moneymaker]Shrinkage is everywhere and a form of inflation that I wonder if the government even picks up on. When they say inflation is 2% I always wonder what universe they are in, obviously not the one I live in.[/quote]

The government statisticians take into account innovation. Even though you may not think you want innovation, you’re getting it so you’re getting more for your money. You may pay more, but you’re also getting more (perhaps more features you don’t want), hence little inflation.

[FlyerInHi]

This is an Eames chair that was introduced in the 1950s. Without innovation and globalization the chair would cost over $1000 today.

Today, you can get it from the licensed manufacturer for $575.
https://store.hermanmiller.com/dining/dining-chairs/eames-molded-plastic-dowel-leg-side-chair-dsw/9097948.html?lang=en_US&mrkgcl=583&mrkgadid=3287371172&adpos=1o4&creative=247587074296&device=t&matchtype=&network=g&gclid=CjwKCAiA_P3jBRAqEiwAZyWWaHK7ifQ31UGtN-ukn992qFx2AgzcOLIGUiUzP0d87wUA8im0mDxi4hoC9RIQAvD_BwE

Or you can get a reproduction at Living Spaces for $45.
https://www.livingspaces.com/pdp-cole-ii-black-side-chair-229782

[The-Shoveler]

Meh, I think we could manufacture something very similar to that and sell it in the USA for maybe $100.0, maybe not in California though.

[FlyerInHi]

Well, if you shop for furniture you would know brands like Mitchell Gold and Room and Board. They manufacture in USA using imported material. How much do you think it would cost using all American made material?
Can American consumers afford the prices and what would that do to inflation?

[The-Shoveler]

One of the biggest green house gas emissions come from container ships (far more than cars).

I would argue that “most” manufacturing will return to the USA (think robots and 3D printing).

[FlyerInHi]

[quote=The-Shoveler]One of the biggest green house gas emissions come from container ships (far more than cars).

I would argue that “most” manufacturing will return to the USA (think robots and 3D printing).[/quote]

Does it mean that carbon fuels are priced too low?

Kai Fu Lee said that robotics and AI will cause millions of job losses and we are not prepared.

[The-Shoveler]

It will not just be a USA thing (robotics and AI taking Jobs).

But in my opinion we are far more prepared in the USA than most will be.

[FlyerInHi]

[quote=The-Shoveler]It will not just be a USA thing (robotics and AI taking Jobs).

But in my opinion we are far more prepared in the USA than most will be.[/quote]

Ok. We will see. If we are prepared, then no need to worry.

Is there an action plan or will the invisible hand take care of it?

[The-Shoveler]

Skynet

Just kidding,

I think we will create more jobs than we lose but I am an optimists.

Only time will truly tell,

I think one thing we (USA) are really good at is pulling together when TSHTF.

[FlyerInHi]

I agree that new jobs will be created. But the people losing jobs will not have the skills to take the new jobs. Just look at the demographics of internet companies vs automakers.

[Author]

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