I know that I’ve been raising my prices faster than the CPI, but also that my costs are rising faster than my prices. It will be interesting to see what happens if Congress does finally pass the “Build Inflation Better” bill, as I expect they will.
Yooper
2 years ago
At the expense of bringing up old prophecies about driver-less trucks and squeezing out costs, this was just put out in our local paper 🙂
“The push to one day make autonomous trucks a common highway sight is coming through.
Aurora Innovation Inc., a Pittsburgh-headquartered self-driving
tech startup that offers products including an autonomous trucking
service, says it is exploring the integration of its trucking technology
into Uber Freight’s brokerage network.
Aurora — which has offices in has offices in the San Francisco Bay
Area; Dallas; Seattle; Bozeman, Mont.; Louisville, Colo.; and Wixom,
Mich. — announced the move Wednesday.
Already, as part of a multistage commercial pilot, Aurora’s Horizon
trucking products are autonomously hauling cargo between Dallas and
Houston for Uber Freight customers, a company
spokesman said.”
With shelves emptier and emptier every step of the way.
As well as million dollar stores. Reserved for party members and those they arbitrarily hand access cards/welfare to. And guarded by ever increasing military and police presence. There, the shelves will, of course, be better and better stocked.
Just like in the Soviet utopia “we” are so adamant about recreating, on Jefferson’s defecated-on grave.
Tony Bennett
2 years ago
“At the intermediate stages, producer prices are rising much faster than PPI for final demand. In turn, the PPI is rising much faster than the CPI.”
…
Good luck passing along the full costs to end user.
What is / will happen are business margins getting squeezed … and business will do everything they can to protect margin by cutting costs.
Hhhm, where can I reduce expense? … “hey you, … yeah you … the one leaning on the broom …”
Cutting wages seems a long way off to me at the moment. Massive staff shortages everywhere and getting much worse because everyone’s getting Omicron at the same time. They’ve just appealed for retired teachers to come back to work to help over here. Hospitals are filling up and health workers are getting ill. So even if it’s a milder virus it’s effects are considerable. They reckon one person is spreading it to 3/4.
LawrenceBird
2 years ago
Some of this is just throwing mud on the wall and seeing what sticks. These companies have been wanting to raise prices forever but … deflation or what was the story two years ago? The supply chain stuff will eventually sort itself out though wtf lumber. So that big rain storm a couple weeks ago in BC nearly doubled lumber back to covid peaks. Clearly we are finding out that just in time and other system ‘improvements’ may be ticking bombs.
Eddie_T
2 years ago
Very interesting observations about the whole “pass through” narrative, which I would have thought would be a real thing. Goes to show.
We worship data too much these days. With enough trees to distract you, it’s easy to lose sight of the forest.
KidHorn
2 years ago
Inflation on average is clearly up, but it’s very uneven. Lumber is way up, but bricks are about the same, so instead of building a raised bed with lumber, I’ll use stone. Looks better and last forever anyway.
Beef is a lot more expensive, but chicken costs about the same. So, I’ll eat chicken. Actually I buy meat and my kids cook and eat it, so I don’t care what kind of meat I buy.
I had to pay $500 for tree cutting and removal for a 20′ cherry tree that was not in danger of hitting anything. Last year, I could probably get it done for $300.
Aurora Innovation Inc., a Pittsburgh-headquartered self-driving
tech startup that offers products including an autonomous trucking
service, says it is exploring the integration of its trucking technology
into Uber Freight’s brokerage network.
Aurora — which has offices in has offices in the San Francisco Bay
Area; Dallas; Seattle; Bozeman, Mont.; Louisville, Colo.; and Wixom,
Mich. — announced the move Wednesday.
Already, as part of a multistage commercial pilot, Aurora’s Horizon
trucking products are autonomously hauling cargo between Dallas and
Houston for Uber Freight customers, a company
spokesman said.”
link to post-gazette.com
Cutting wages seems a long way off to me at the moment. Massive staff shortages everywhere and getting much worse because everyone’s getting Omicron at the same time. They’ve just appealed for retired teachers to come back to work to help over here. Hospitals are filling up and health workers are getting ill. So even if it’s a milder virus it’s effects are considerable. They reckon one person is spreading it to 3/4.