October 11, 2022 – Opinion: Are Workers Really More Responsible For Inflation Than Arbitrary Energy Price Increases and Climate Change?


[ updated 10.24.22 – A recent powerfully related post –
October 23, 2022 – A Beginner’s View : Inflation, the Economy, Climate, Clean Energy, Health etc, How Are They Related in Our Current Everyday Lives? – An On-Going Inquiry, Part 9 – #Inflation and Our 2022 Mid-Term Election to Keep/Improve Our #Democracy ]

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Just over a week ago I posted, saying this —

It’s not a choice of course, growing up, getting older, leaving childhood and adolescence.

Physically speaking of course.

But taking responsibility for providing healthy food – clean air – safe water – shelter, for oneself and others – is. A choice that is. That’s what growing means now.

And it’s my opinion humanity will soon decide to survive or not. And that we can only decide to survive by also deciding that means all of us.

https://felipeadanlerma.com/2022/10/01/october-01-2022-opinion-careening-screaming-laughing-round-the-curve-and-guardrails-america-and-the-world-is-entering-adulthood-part-1/

And I’ve struggled organizing a slew of articles to explore the question : how valid is it – in our early 21st Century world – regarding inflation – to constantly lay the blame ( # of people working ) and the solution ( driving millions of people into poverty or destitution- no work ) on workers?

I don’t think it’s very valid at all, at least in today’s context, and this one article via Reuters, written by Amanda Cooper, lays out the conflicting data and arguing points in a way I could more clearly think out my feelings about this!

Here’s a few excerpts, which I’ll talk about after, below the quote-outtakes —

Any belief that the Federal Reserve will shift to a softer stance towards monetary policy was extinguished on Friday by data that showed US unemployment fell in September, pointing to a persistently tight labour market.

https://www.reuters.com/markets/europe/global-markets-wrapup-3-pix-2022-10-10/

Wall Street sank on Friday after the upbeat payrolls report cemented expectations for another large rate hike. read more ( note, the “read more” link is embedded from the quoted article )

https://www.reuters.com/markets/europe/global-markets-wrapup-3-pix-2022-10-10/

Oil fell for the first time in a week, as investors took profit on last week’s 11% rally after a deal on supply reductions by OPEC+.

https://www.reuters.com/markets/europe/global-markets-wrapup-3-pix-2022-10-10/

The pattern is pretty obvious and consistent l believe.

A “tight labor market” ( solvable via a more reasonable immigration policy + training/retraining for currently unqualified potential U.S. workers ) – and – “upbeat payrolls report” both seemingly are “problems” regarding controlling inflation.

Not, though, having households of human beings unable to pay rent or mortgages, or buy food for children, or survive today’s year round temperatures of heat and cold.

Or are those problems for state, local and federal budgets, but somehow not inflationary? Doubtful….

And yet, as the 3rd excerpt from the same very well laid out post points out, investors were able to take profits thanks to an engineered 11% reduction in oil availability that caused prices for gas/oil related energy to increase suddenly, for all of us. Though unequally. A jump in the price for gas to go to work proportionally higher for a “worker” ( one of those stressing inflation into the system ) making $18 an hour vs another earning hundreds per hour.

And to be clear, I wouldn’t mind being an investor making a quick killing off a commodity price change, or someone making even close to hundreds per hour. Nope, be fine with me. I don’t use an image of one of my paintings top of my post just so you’ll like it 😊

What is not fine to me, is pinning inflationary problems on workers struggling to survive and raise families.

Especially when resources, including water and food, and the means to survive health-threatening weather events, are being squeezed due to climate related availability.

And workers are increasingly not the only victims of climate change induced shortages resulting In scarcity and higher pricing pressures.

Big iconic American companies, like Ford, are among many feeling these same scarcity, climate related issues —

The persistently high raw material prices and a threat of a global recession may make it difficult for Ford to raise cash to fund its transformation into a leading electric-vehicle maker. ( embedded link in quote is from the quoted article )

https://www.investing.com/analysis/fords-45-plunge-this-year-is-a-testament-to-slowing-us-consumer-demand-200630882

If we were in an overt ( vs covert ) war, there would be little to no debate about the need to spend what was needed to survive, and win….

It feels to me we are in an overt war.

One being waged covertly.

It’s time to pay the price of surviving on our planet – no – thriving on our planet!

We can do it..as long as we really want to….

We must choose….

Stay well everyone! Stay informed, be hopeful!! 😊 ❤️ 🙏

Adan

A recent powerfully related post –
October 23, 2022 – A Beginner’s View : Inflation, the Economy, Climate, Clean Energy, Health etc, How Are They Related in Our Current Everyday Lives? – An On-Going Inquiry, Part 9 – #Inflation and Our 2022 Mid-Term Election to Keep/Improve Our #Democracy

My posts on Climate, Clean Energy, Inflation and more – https://felipeadanlerma.com/?s=Climate+

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Voting, in our democracy, is the purest form of expression.
Dissenting, affirming, protesting – 
– all flow through the form of the ballot, not, the bullet…

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Stay well everyone – for oneself, and for those who need us most..the children….

Adan

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See & Buy My Art 👩‍🎨 🎨 ❤️
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My Related Posts Here On My Blog

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My Latest Posts On My Website!

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Thanks again, everyone! 😊

Adan

Artist self portrait - photo of Felipe Adan Lerma on converted railway track bike ferry for the Island Line Trail connecting mainland Vermont to South Hero on Lake Champlain.

Twitter / Instagram / FB @FelipeAdanLerma
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