Manhattan Buckeye;1617509 wrote:This is amusing to me, but now that we are leaving England and moving back to the USA the local Papa John's is now delivering to our address. Their special, as in a medium one-meat special, is $17. And they actually advertise that. People would riot in Ohio if they paid $17 for a medium pizza.

Unless anyone has visited (or better yet lived) in the EU one has no idea how expensive stuff is, on top of a 40% tax rate. We made over well over 6 figures last year and live in a house with 2 bedrooms and 1 bathroom.

That is inflation.

We are looking forward to moving back to Virginia.

Actually no, what you describe is not inflation. You have amply demonstrated, all on your own, that you do not know what inflation is. The difference in the relative price level in the UK vs. the United States is not inflation! Hopefully one of your fellow members of Team Conservative on this site will have the courage to point this out to you....but I doubt it....don't want to be seen being on the same side as that idiot Boatshoes! LOL.

Manhattan Buckeye;1617521 wrote:I'll wait for your response, I'm off to buy an $8 Big Mac. (JK, I don't eat fast food.)

You still don't know what inflation is. Hope this helps.

It means I pay a lot more than I should for basic services/goods. So why were you gone for so long? Unemployed? Betty Ford clinic?

Manhattan Buckeye;1617519 wrote:Inflation means what pay in the US costs 3X enough in socialist paradise. For those that work. For the leeches, it is a pretty good deal for them.

And it is UK, not Japan. And I live there now.....ask the mods. They can track my posts.

No it does not. Once again, you have confused the differences in the cost of living within a given country or currency zone with inflation. You do not know what inflation is. And, the reason I brought up Japan is because you made a post a while back claiming that Japan is experiencing inflation which is so totally incorrect it is breathtaking. Japan has been experiencing deflation for decades.

Inflation means that prices are rising. It does not mean that relative prices are 3X higher in one currency zone compared to another. So you might have a country with low relative prices but if they are all generally rising, that is inflation. If you have a country with high relative prices but they are falling, that is deflation.

You do not know what inflation is.

Manhattan Buckeye;1617524 wrote:It means I pay a lot more than I should for basic services/goods.

No it does not. You do not know what inflation is. You have confused the price level with inflation. You don't know what you're talking about and you don't need a passport to realize that. Please make a note of it. Hope this helps.

"You have confused the price level with inflation."

So how did price level get where it is, genius?

Boat is right, unfortunately, inflation is year to year, cost of living is aggregate inflation. The Euro zone has a much higher cost of living due to high inflation (averaged about 10%) in the 80s.

In other words, their high inflation from a few decades ago has created a huge difference in the cost of living between there and the US.

A conservative would say that is because they started down their socialistic road much sooner than we did...incoming Boatshoes dissertation full of graphs...

All I know is our dog food costs 4X what it does in the US. And for now we drive a car that's triple the price of what it would be in the US. And our rent would buy us a McMansion in random suburbs in the US. Yet we live extremely frugally. Socialist Europe!

MB is so cool

DeyDurkie5;1617636 wrote:MB is so cool

And you are such a ginger.

If these fast food workers knew what was good for them, they would start learning how to service and repair the kiosks that will eventually replace them when wages get too high. The tech is there, begging to be used.

WebFire;1617648 wrote:If these fast food workers knew what was good for them, they would start learning how to service and repair the kiosks that will eventually replace them when wages get too high. The tech is there, begging to be used.

Exhibit A: Panera Bread http://sourcefed.com/the-robots-have-won-panera-replaces-cashiers-with-kiosks/

When workers price themselves out of the market, their work goes away. We have observed this occur for decades across many industries.