Why is there so much inflation at the grocery store?

Author: IwantRooseveltagain

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#31
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@PREZ-HILTON
I think the depressing of American wages should certainly be  the last option
Bringing the supply of labor into balance will not “depress” wages. It will stabilize wages.

I wouldn't overfocus on the supply and demand framing of economics.
It is a fundamental “law” when in comes to prices. It’s Economics 101. 

People are concerned about inflation. Then they need to look at supply and demand. This is like Newton’s Laws on physics 

So supply and demand has a bit of merit,
You need to go back to school then.
#32
Greyparrot
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Bringing the supply of labor into balance will not “depress” wages. It will stabilize wages.
Error 101. All labor is not the same quality, and won't have the same "stable" wages.
#33
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Not to mention he was espousing supply and demand creating inflation and somehow does not think increasing the supply of labor and decreasing demand would lower wages. 
#34
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@IwantRooseveltagain
You need to go back to school then
I am getting this from professors of economics., Nearly all of which agree with what the professor who wrote the article below says. 



People are concerned about inflation. Then they need to look at supply and demand. This is like Newton’s Laws on physics 

It's funny you say that because Newton's theories were replaced with Einsteins and are only taught because they are more digestible to you ger students with no background in physics. 
#35
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@PREZ-HILTON
does not think increasing the supply of labor and decreasing demand would lower wages. 
What do you expect from a voter that thinks printing more dollars increases real wages.
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#36
IwantRooseveltagain
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@PREZ-HILTON
It's funny you say that because Newton's theories were replaced with Einsteins
Oh really. In when did that happen exactly?

#37
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Oh really. In when did that happen exactly?
Lol...
#38
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@IwantRooseveltagain
It's funny you say that because Newton's theories were replaced with Einsteins
Oh really. In when did that happen exactly?
I know this one. Einstein's theories replaced Newton's in the first few decades of the 1900s. Newton's theories are still used because they are very accurate when relativistic effects are negligible. However, they are now recognized to be an incomplete description of how the world works. Many parts of the modern world, including the internet, are based on Einstein's theories and would not function correctly with only Newtonian physics.
#39
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I think it was sometime in the early 1950s where the theory of relativity replaced it, although the theory does help with measurements on a smaller scale, we typically use Einstein's theories for space exploration because more precision is needed than normal.