True or False? Inflation devalues wages.

Discussion in 'Political Opinions & Beliefs' started by Ethereal, Jan 28, 2013.

?

Inflation Devalues Wages

  1. True

    98.4%
  2. False

    1.6%
  1. Ethereal

    Ethereal Well-Known Member

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    Simple question. Does inflation devalue our wages? I say that they do devalue our wages and here's why:

    Premise: Inflation devalues money.
    Premise: Wages are paid in money.
    Conclusion: Inflation devalues wages.

    What say you?
     
  2. RtWngaFraud

    RtWngaFraud Banned

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    Absolutely it devalues wages (for the average worker). It increases profit for the fat cats though.
     
  3. Ethereal

    Ethereal Well-Known Member

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    Finally, something we can agree on...
     
  4. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Your premise is incorrect and you are using a logical fallacy to push a retarded ideology. Inflation does not devalue wages.
     
  5. AceFrehley

    AceFrehley New Member

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    Yep... bailed out banks are a prime example of that.
     
  6. AceFrehley

    AceFrehley New Member

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    Did you have any plans to make an actual argument supported with facts?

    - - - Updated - - -

    I concur 100%. I would love to see an argument to the contrary.
     
  7. RtWngaFraud

    RtWngaFraud Banned

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    Fast and loose regulations on Wall street casinos are as well.
     
  8. Taxcutter

    Taxcutter New Member

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    Of course inflation devalues wages.

    Inflation also devalues profits.
     
  9. RtWngaFraud

    RtWngaFraud Banned

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    How so?


    Since when do profiteers NOT benefit from higher prices?
     
  10. akphidelt2007

    akphidelt2007 New Member Past Donor

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    You can say the exact same thing about wage earners.
     
  11. RtWngaFraud

    RtWngaFraud Banned

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    Not really.

    CEO profits have soared over the last decade. Middle class wages are stagnant or outsourced or non existent at best. See...you could SAY that but, it would be incorrect.
     
  12. webrockk

    webrockk Well-Known Member Past Donor

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    Inflation in the "necessities" segments of the economy...fuel, food, utilities....have far outpaced any wage increases...minimum or otherwise. This, in and of itself, devours the purchasing value of wages, and redirects discretionary spending away from other segments of the economy which, due to negative effects on small business employment, creates a labor glut....which stagnates, and further devalues wages against inflation.
     
  13. Mr. Swedish Guy

    Mr. Swedish Guy New Member

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    money is just supposed to represent the value of the country's produce and service isn't? adding more money doesn't create any new wealth, it just makes the wages worth less as they're tied to a specific number, not a value. its rather obvious imho.
     
  14. Ethereal

    Ethereal Well-Known Member

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    Which premise?

    You are just assuming that inflation will cause wages to increase.

    Your counter-argument is based upon a premise (inflation can cause wages to increase) that is nothing more than a giant assumption. Sorry, but your assumptions have no place in a factually based argument.
     
  15. Ethereal

    Ethereal Well-Known Member

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    Yes, but we aren't talking about reality, we are talking about akphidelt's hypothetical universe where everyone just assumes that inflation causes wages to increase. Once you abandon objective reality, it's much easier to see where he's coming from...
     
  16. Ethereal

    Ethereal Well-Known Member

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  17. Ethereal

    Ethereal Well-Known Member

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    Yes, it should be rather obvious to anyone who understands basic economics and is not intellectually dishonest.
     
  18. usfan

    usfan Well-Known Member

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    Of course inflation devalues wages. it also devalues savings. it is the way a government takes from the people, by screwing with the currency. it is an evil form of redistribution and government sponsored theft.
    it destables the economy and kills investment motivation and savings.
    Governments have done studies to see how much inflation they can have before the people revolt and kill them. 4 or 5 percent seems to be the maximum. After that the people bring out the guillotines.
     
  19. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Now you are lying. Your premise did not specify that wages have not increased at the rate of inflation. Now you are making up a strawman. Stick to your original argument where you made the statement that inflation devalues wages. Since there are cases where wages actually increase at a higher rate than inflation, than this statement is obviously false. It should be changed to inflation devalues wages if your wage does not increase at a higher rate than inflation.
     
  20. webrockk

    webrockk Well-Known Member Past Donor

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    He's an authoritarian "demand side" Keynesian cultists like Krugman (and most progressive leftists)....they essentially believe the economy can expand and be indefinitely sustained through government issuing borrowed, printed and confiscated currency to the "poor" They...as you can see by the next post, believe government's injection of currency CREATES production.

    Remember Pelosi's 'every dollar the federal government hands out in unemployment, creates $1.73 in economic growth'? Same Bull(*)(*)(*)(*). (That''s paraphrased from memory...I can probably find the actual quote if pressed)
     

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