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

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Submitted by flu on February 27, 2019 - 7:49pm

..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

Submitted by spdrun on February 27, 2019 - 7:58pm.

Thanks, Zimbabwe Ben Bernanke...

Submitted by moneymaker on February 27, 2019 - 8:20pm.

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.

Submitted by outtamojo on February 27, 2019 - 8:38pm.

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

Submitted by FlyerInHi on February 28, 2019 - 12:17am.

moneymaker wrote:
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.

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.

Submitted by FlyerInHi on March 6, 2019 - 12:20pm.

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/di...

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

Submitted by The-Shoveler on March 6, 2019 - 12:27pm.

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.

Submitted by FlyerInHi on March 6, 2019 - 12:46pm.

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?

Submitted by The-Shoveler on March 6, 2019 - 12:54pm.

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).

Submitted by FlyerInHi on March 6, 2019 - 1:05pm.

The-Shoveler wrote:
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).

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.

Submitted by The-Shoveler on March 6, 2019 - 2:02pm.

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.

Submitted by FlyerInHi on March 6, 2019 - 2:40pm.

The-Shoveler wrote:
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.

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?

Submitted by The-Shoveler on March 6, 2019 - 2:57pm.

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.

Submitted by FlyerInHi on March 6, 2019 - 6:03pm.

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.

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