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Prices and inflation Thread poster: Peter Motte
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Mr. Satan (X)
English to Indonesian
| Are you sure? | Feb 19, 2022 |
Peter Motte wrote:
Translation prices are clearly going up these days.
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Peter Motte 
Belgium
Local time: 09:26
Member (2009)
English to Dutch
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TOPIC STARTER |
Michael Newton
United States
Local time: 03:26
Japanese to English
+ ...
| prices and inflation | Feb 20, 2022 |
7 % inflation in the US, 15 % if gas and food are factored in.
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Peter Motte wrote:
There is a light storm here going on at the moment. 20 years ago we didn't have that.
During the last years it happened twice that approximetaly 5 years fell down during such heavy winds.
Twenty years ago you didn't have storms in Belgium?
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Peter Motte
Belgium
Local time: 09:26
Member (2009)
English to Dutch
+ ...
TOPIC STARTER | 20 years ago today | Feb 21, 2022 |
20 years ago is 2002.
I don't remember exactly, but the past weekend we had three in a row, and lots of damages.
Around 1980 we could have storms at the coast, but not often in our neighboorhoud.
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Tom in London
United Kingdom
Local time: 08:26
Member (2008)
Italian to English
Let me return to prices and inflation. Increasing your tariff to keep up with inflation is a snake eating its own tail. We need to keep inflation under control. What is inflation? I'm not an economist so I've never been able to get a firm grasp on what causes it. But what I do know is that unless we're careful, it can get out of control
https://tinyurl.com/y3tw9odc
[Edited ... See more Let me return to prices and inflation. Increasing your tariff to keep up with inflation is a snake eating its own tail. We need to keep inflation under control. What is inflation? I'm not an economist so I've never been able to get a firm grasp on what causes it. But what I do know is that unless we're careful, it can get out of control
https://tinyurl.com/y3tw9odc
[Edited at 2022-02-21 14:05 GMT] ▲ Collapse
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Michael Newton
United States
Local time: 03:26
Japanese to English
+ ...
| Prices and inflation | Feb 22, 2022 |
In Boston, $5 for a single tomato and nearly $5 for a loaf of bread. Biden's America. No longer energy independent.
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Mr. Satan (X)
English to Indonesian
| Central banks | Feb 22, 2022 |
Tom in London wrote:
We need to keep inflation under control.
Not an economist either, but I always thought that managing the inflation is the domain of your national central bank? If so, there's nothing we, as citizens, can do to keep it under control. I'd imagine global trades would make this to be a much more complicated matter as well (i.e. scarcity of commodities seems to affect the inflation rate considerably, if not the main factor that causes it).
@Economists
Feel free to correct me if I'm wrong. I'd like to know myself.
[Edited at 2022-02-22 04:26 GMT]
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Tom is right that it would be bad for employers in general to raise wages in line with the current spike in inflation because it would trigger a wage-price spiral and the higher rate of inflation would persist due to people having more money to spend, whereas if we ride it out for a few months things should settle down.
The trouble is that people who don’t understand this, such as most politicians, start making an issue of it.
To be fair, though, inflation, like mone... See more Tom is right that it would be bad for employers in general to raise wages in line with the current spike in inflation because it would trigger a wage-price spiral and the higher rate of inflation would persist due to people having more money to spend, whereas if we ride it out for a few months things should settle down.
The trouble is that people who don’t understand this, such as most politicians, start making an issue of it.
To be fair, though, inflation, like money, just gets weirder the more you think about it.
But I’m not convinced that a few translators raising their rates will have much effect on consumer prices.
$5 for a tomato? And all down to a change of president? Pull the other one. ▲ Collapse
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Peter Motte
Belgium
Local time: 09:26
Member (2009)
English to Dutch
+ ...
TOPIC STARTER | Fight inflation | Feb 22, 2022 |
It's true that if everybody's raising prices inflation will rise, but are you willing to sacrifice yourself to work at low wages so that people who get the raise will be able to pay you, but you won't be able to pay them?
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Tom in London
United Kingdom
Local time: 08:26
Member (2008)
Italian to English
Ice Scream wrote:
$5 for a tomato
As soon as people notice that inflation has become a talking point, they will immediately start putting up their prices. That's what makes inflation generate more inflation, and so on, like a serpent eating its own tail.
It's a safe bet that translation agencies have already increased their prices to their clients (but not the rates they pay their translators).
However: although Biden is currently the President of the US, inflation is happening everywhere - not only in America.
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| What else is there to do? | Feb 22, 2022 |
I can't just sit and watch things get more expensive everyday without fighting back by earning more on my side. Inflation has become so visible during the last 3-4 months, so yes I have started to raise my rates, which is more or less successful depending on the client. I still have to think how to handle the everyday living costs and leave the global matters to economists and governments. I guess it's easier to speculate about economic theories living in more stable countries in Europe, but I c... See more I can't just sit and watch things get more expensive everyday without fighting back by earning more on my side. Inflation has become so visible during the last 3-4 months, so yes I have started to raise my rates, which is more or less successful depending on the client. I still have to think how to handle the everyday living costs and leave the global matters to economists and governments. I guess it's easier to speculate about economic theories living in more stable countries in Europe, but I can't really see what else there is to do with inflation at 'personal' level. ▲ Collapse
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Ice Scream wrote:
Tom is right that it would be bad for employers in general to raise wages in line with the current spike in inflation because it would trigger a wage-price spiral and the higher rate of inflation would persist due to people having more money to spend, whereas if we ride it out for a few months things should settle down.
The trouble is that people who don’t understand this, such as most politicians, start making an issue of it.
To be fair, though, inflation, like money, just gets weirder the more you think about it.
But I’m not convinced that a few translators raising their rates will have much effect on consumer prices.
$5 for a tomato? And all down to a change of president? Pull the other one.
So you'll continue to charge high prices that enable you to have a good standard of living but you don't want to see the lowest paid workers in the economy earn a little more to match inflation? That seems a bit selfish.
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Mr. Satan (X)
English to Indonesian
| Aren't we all? | Feb 23, 2022 |
Gerard Barry wrote:
That seems a bit selfish.
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Novian Cahyadi wrote: Gerard Barry wrote:
That seems a bit selfish.
I suppose so, yes. But I am still sometimes shocked when the comfortably off seem not to care about those less wealthy than themselves. It's like all the "green people" here in Germany: they're usually high earners and don't seem to care that poorer people might have difficulty heating their homes thanks to Germany's obsession with expensive renewable energy.
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