Diapers, food, rent — around the world, prices are rising. So what can we do about it?
Subscribe and turn on notifications 🔔 so you don’t miss any videos: http://goo.gl/0bsAjO
Right now, inflation is inescapable. At the grocery store, the gas station, and in almost every country in the world, people are playing more — way more — than they did just a couple of years ago for everything.
In this video, we explore three explanations for why prices are rising, as well as different policy options for bringing them down.
Further reading:
Coalition of Parent and Community Organizations Accuse Procter & Gamble of Price Gouging in Letter to CEO Jon Moeller About Skyrocketing Diaper Costs: https://parentstogetheraction.org/2022/09/19/open-letter-from-parents-to-procter-gamble-ceo/#:~:text=The%20overall%20cost%20of%20diapers,to%20keep%20their%20babies%20dry.
America’s monopoly problem, in one chart: https://www.vox.com/2018/11/26/18112651/monopoly-open-markets-institute-report-concentration
Inflation: No evidence of a wage-price spiral: https://seekingalpha.com/article/4548770-inflation-no-evidence-of-wage-price-spiral
Prices, Profits, and Power: An Analysis of 2021 Firm-Level Markups: https://rooseveltinstitute.org/wp-content/uploads/2022/06/RI_PricesProfitsPower_202206.pdf
Inflation & Corporate Power Explained: Supply Disruptions & Corporate Power, The Groundwork Collaborative: https://groundworkcollaborative.org/news/inflation-corporate-power-explained-supply-disruptions-corporate-power/
Make sure you never miss behind-the-scenes content in the Vox Video newsletter, sign up here: http://vox.com/video-newsletter
Vox.com is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out http://www.vox.com
Support Vox’s reporting with a one-time or recurring contribution: http://vox.com/contribute-now
Shop the Vox merch store: http://vox.com/store
Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://facebook.com/vox
Follow Vox on Twitter: http://twitter.com/voxdotcom
Follow Vox on TikTok: http://tiktok.com/@voxdotcom
source
For another great perspective, check out my colleague Dylan Matthews’ piece on why he was wrong about inflation, here: http://bit.ly/3KAvnz7
Thanks for watching!
Oil prices
All this is done on purpose. To get everyone back to work. There are people that are still not working since corona. Many people have media jobs and online jobs that don’t have to leave the house.i can attest to this I work in an industry that we are understaffed all the time. All of sudden. People are coming out of the wood work looking for work. Filling those empty spaces. I feel like this was just a plane to leave Corona. Behind and get everybody back to normal and working
They forgot to mention the fact that the government keeps printing money. Bringing the value of our money down.
Visa is a credit card processor. Inflation is always good for them.
Your explanation in the beginning should have had the buyers getting tossed tons of money to show what happened due to our response to covid. Describing how customers get used to "price hikes" or expect it among earnings calls is completely normal. In describing a need to raise prices, those are your shelter in times of inflation… everybody will do it. When I raised prices in my business, that's exactly what we talked about. Everybody had to raise prices… customers would expect it.
Joe biden
In summary, things are bad and things will get worse and things might get out of hand if this man continues. Worse is our government pretends like they don't see it. I for one has been hit very hard and at this point, I am more interested in a solution because I don't think an end is near. What is the way forward for the less fortunate ones like me? How do we survive this phase? I am slowly losing my mind.
Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
When are we going to get back to the 90s economy?? More jobs than people, more goods than there were customers (making prices and cost of living extremely low). Why can't we go back to this?? It just seems like we're on the road to "Children of Men"
Price gouging. Possibly to manipulate peoples votes
Its all the democrat's fault
people dont want babys too expensive , less tax money for them
Thank you Brandon!😂
when the governemnt realizes we arent having babies bcos we are bing SCAMMED…. they know who to get mad at.
I just can’t take it anymore. Even eating “cheap” at the grocery store is impossible now. The price of dried goods, eggs, and produce have gone up too. Those were my last options and now I can’t even afford that. I gotta get a plot in my community garden to have some food.
I believe without taking into account momentary shocks like Covid and other Supply chain issues we can summarize the long term inflation in 2. Greedy companies wanting to take advantage of what some people are willing to pay and the second is having too many middle men with the same greedy problem. If you think in the US this is a problem imagine your Mexican neighbor has to pay the same amount for food, housing and vehicles while earning 1/5 in every occupation
I wonder why when I was 8 years old houses were 30k and 12 years later the same house is 180k while I make the same amount of money other people in the same field I am were making 12 years ago?
"70%+ of a certain product r made by only 2 companies"
there goes ur answer
A convergence of troubling factors looms ominously over the United States. From soaring inflation rates to potential bank collapses, severe droughts in the agricultural heartland, a looming recession, shortages ranging from food supplies to essential commodities like diesel fuel, heating oil, baby formula, and even available automobiles, alongside escalating living costs—all these elements seem to be aligning, painting a grim picture that could potentially culminate in a significant disaster by year-end, or even sooner.
you forgot the actual cause for inflation which is government spending and the creation of money by the government. over 30 percent of the money supply in america was created between 2021-2023 .
Its because Americans are a complacent people and let companies run around freely raising prices to the roof while blaming it on inflation.
Simple vox, vegetables are expensive now because of the vegetable in the White House
Oh wow I thought it was because Biden had a magic button that he presses to make the prices of everything go up. Thanks for explaining this
Very simple. Government causes inflation.
Govt prints money, then passes this money to cronies and welfare recipients. These people spend the money on stuff. Demand for this stuff rises, without any supply increase. Predictable supply and demand: Demand goes up, price goes up.
I just explained how inflation works in a couple of sentences. Why does Vox need 10 mins to fail at doing the same? Why are government paid economists unable to even attempt to tell the truth?
Because they are liars.
bruh!! a spicy mcchicken is up to 3 dollars!! i beg of you please dont vote for biden!! i cant afford it!! you cant afford it!! nobody can afford it!!
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
We do know, that 8 cents of each $5.00 bread loaf goes to the farmer.
Comments are closed.