The NZ Herald has an article about soaring retail prices, like it’s a surprise it’s going to happen:
Price hikes across all retail categories are expected in coming months as increasing and compounding cost pressures on businesses flow through.
Increases to the minimum wage rate and incoming sick leave entitlements, paired with the cost of freight almost doubling since the onset of coronavirus and increasing international procurement prices, are expected to push up the prices of everything from clothing, footwear, appliances, through to homewares, hardware, sporting goods and grocery items.
Retail NZ says businesses’ cost bases and overheads are growing at alarming rates and increased costs at the shelves are only a matter of time.
NZ Herald
It seems that even Blind Freddy knew this was going to happen, but not Grant Robertson or the ‘Princess of the Pestilence’, Jacinda Ardern.
When you heap costs upon costs for business, eventually jobs shrink and prices rise. This may sound like a very complex issue, and for someone who enjoys talking to children, or studied accounting on the lap of their fraudster father, it is. But in the real world, even the dimmest suburban house husband knows that increased wages lead to increased prices.
When you pour billions of dollars into a barely functioning economy you will be surprised to find that it will actually drive inflation through the roof. Inflation robs the poor more than anything else.
This government is a bunch of children playing Monopoly with other people’s money. The damage is going to be harsh.
This is where the rubber hits the road, and the government not only has no answers, they are also the cause of much of the coming pain.
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