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BlkOwndYtFam t1_iuf1eu6 wrote

Reply to comment by Mobile-Animal-649 in Fellow residents I know many of you are worried about heating/utility prices for winter but prepare yourself for food prices also. by IndicationOver

I don't think the world is so different as you think. The same factors are at play now as then.

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Mobile-Animal-649 t1_iuf3thv wrote

Did we have a small percentage of the country holding the majority of the money then? I ask honestly I find this educational and am not arguing so you know

This situation is getting to me bad at 15 bucks an hour

I just do t know what to do besides find another job and work even more really

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BlkOwndYtFam t1_iuf5ucq wrote

I am but a humble black scientist, not an economist. Though nearly a third of my college credits were in economics. I don't know that the concentration of wealth, admittedly an issue, has an overwhelming affect on the fact that inflation is caused by monetary policy.

I was making $12 an hour working in a parking lot full time while going to college full time. If I could do it, literally anyone can.

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Mobile-Animal-649 t1_iuhjpup wrote

It just seems to me that with so much of the wealth in America held by such a small percentage, that it would have a profound effect on inflation due to it not being circulated in our economy But What do I know

That wasn’t me that downvoted you

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