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#purchasingpower — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #purchasingpower, aggregated by home.social.

  1. Average wages across Europe: Countries with the highest and lowest salaries

    Average wages differ sharply across Europe in 2025. When purchasing power is taken into account, the gap narrows.…
    #Europe #EU #EasternEurope #EUmembers #Europeancountries #purchasingpower #wagedifferences #WesternEuropeancountries
    europesays.com/europe/42612/

  2. In the fall of 1972, when campaigning for a second term in office, 🇺🇸 U.S. President Richard Nixon announced that the rate of increase of inflation was decreasing, which has been noted as "the first time a sitting president used the third derivative to advance his case for reelection."

    This means that the "jerk (3rd derivative)" of the price level is negative.

    Equivalently, the "jerk" of purchasing power is positive.

    In other words, the "acceleration" of inflation is negative.

    \[I(t)=\alpha^2\dfrac{\mathrm dP(t)}{\mathrm dt}=-\beta^2\dfrac{\mathrm d\Pi(t)}{\mathrm dt}>0\]

    \[\dfrac{\mathrm dI(t)}{\mathrm dt}=\alpha^2\dfrac{\mathrm d^2P(t)}{\mathrm dt^2}=-\beta^2\dfrac{\mathrm d^2\Pi(t)}{\mathrm dt^2}>0\]
    \[\dfrac{\mathrm d^2I(t)}{\mathrm dt^2}=\alpha^2\dfrac{\mathrm d^3P(t)}{\mathrm dt^3}=-\beta^2\dfrac{\mathrm d^3\Pi(t)}{\mathrm dt^3}<0\]

    where, \(I(t)\), \(P(t)\), and \(\Pi(t)\) are inflation (rate), price level (function), and purchasing power of money (or simply value of money) at time \(t\) respectively. And \(\alpha^2\) and \(\beta^2\) are positive real constants.

    Read an article here:
    Mathematics Is an Edifice, Not a Toolbox
    ams.org/notices/199610/page2.p

    #US #USA #UShistory #USpresident #Nixon #RichardNixon #ThirdDerivative #Derivative #Economics #Economic #EconomicExample #Jerk #Acceleration #Inflation #Deflation #Price #PurchasingPower

  3. «Inflation is trending down. But #earnings have generally grown slower than #inflation, resulting in a loss of #PurchasingPower for consumers. (...) #CreditCard #debt reached a staggering $1.3 trillion in the second quarter of 2023. This is not sustainable. At some point soon, consumer spending will have to slow. And given that consumer spending represents about two-thirds of total #GDP, a #recession could still occur.»
    theconversation.com/jobs-are-u
    #usa #capitalism #surplusvalue #exploitation

  4. «Inflation is trending down. But #earnings have generally grown slower than #inflation, resulting in a loss of #PurchasingPower for consumers. (...) #CreditCard #debt reached a staggering $1.3 trillion in the second quarter of 2023. This is not sustainable. At some point soon, consumer spending will have to slow. And given that consumer spending represents about two-thirds of total #GDP, a #recession could still occur.»
    theconversation.com/jobs-are-u
    #usa #capitalism #surplusvalue #exploitation

  5. «Inflation is trending down. But #earnings have generally grown slower than #inflation, resulting in a loss of #PurchasingPower for consumers. (...) #CreditCard #debt reached a staggering $1.3 trillion in the second quarter of 2023. This is not sustainable. At some point soon, consumer spending will have to slow. And given that consumer spending represents about two-thirds of total #GDP, a #recession could still occur.»
    theconversation.com/jobs-are-u
    #usa #capitalism #surplusvalue #exploitation

  6. «Inflation is trending down. But #earnings have generally grown slower than #inflation, resulting in a loss of #PurchasingPower for consumers. (...) #CreditCard #debt reached a staggering $1.3 trillion in the second quarter of 2023. This is not sustainable. At some point soon, consumer spending will have to slow. And given that consumer spending represents about two-thirds of total #GDP, a #recession could still occur.»
    theconversation.com/jobs-are-u
    #usa #capitalism #surplusvalue #exploitation