The inflation/wage increase game has paused
May 15 (Bloomberg) -- The cost of living in the U.S. was unchanged in April as decreases in food and energy costs offset increases in medical care, autos and a second straight jump in tobacco prices.
The fear of a global market economy is deflation. A slow steady inflation of prices and an increase of wages signals a healthy economy.
The key word here is profit. Companies gauge their success based on increasing profit and individuals gauge their success on an increased wage.
I have often wondered where it ends.
A loaf of bread cost 11.5 cents 1920. The average yearly wage in 1920 was about $1200 (US Census Bureau). A business still makes a loaf of bread in 2009 and people make wages.
I'm not blowing hickory smoked tales of Americana here. It's just an observation of the artificial numbers game. A competition of numbers. A escalating seesaw of numeric wealth.
We gauge our success on amassing more numbers and by taking numbers away from from others so that we can have more numbers. The idea being that there is always a large supply of numbers to draw from and you just keep grabbing more numbers because no matter how many numbers you have it won't be worth as much a year from now.
In 2008, this brainless economic machine triggered an alert: The numbers have now been spread over a huge global population, most of which is living on 1920 numbers.
Breath deep. The game has paused for the U.S., other than medical care which appears to be still grabbing numbers pending some kind of catastrophic correction in the near future.
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