Oddbean new post about login | logout A lot of Germans see their living costs rising and assume that producers must be earning higher real profits, but that is not necessarily what is happening. nostr:nevent1qqsyn3apnkmkk6hecw6t9jnk9ghsxvuut7pxa5elx26k4w732cgjgzspzamhxue69uh5ummnw3ezu6r4vfkkz6m9wghxjmczyrwkvn27gqtyxw5v660sqkhpfqyqgdgh3x6emed0qcnkmejkx0f3jqcyqqqqqqgprw4z6
This is one major reason why an increasing number of the working population is simply cutting their hours or refusing to work, altogether. The marginal return on productive labor is declining.
This is true. I have a cousin who works as a diesel mechanic, and he used to love working overtime. Now, he doesn't work anywhere near as much and has just been liquidating small portions of his most profitable investments.
I just got a paycheck where they deducted 47% of my salary. 😏
My company keeps asking me to switch to full-time, but it's like https://image.nostr.build/5a48e13b9582126b558b34ffed2e885c6a25b2ff0208480d108743f0f31941d4.jpg#m=image%2Fjpeg&dim=1200x627&blurhash=i9G7%23GSz06M%7C0%24-U-n%251-T0iRkj%5Dt7%7E8xr%24%24R*I%3D%5EJxYE5oMkUIqayIqRlJoS5%24yRjIW%24%25t6of%24%7Ev%7EadNeoz%25Kj%40Ipe.R%2B&x=ab8c17baca86ee939eefb4a2dd115e71c999ec06a294822d07b2396b0c849258
Mohammed is not going to get his new iPhone with that attitude.
👀🤨 Whoa...
Honestly, I'm at kind of a loss for words about this...
Here's a concrete example. This milk costs consumers €1,69/liter, but the producer receives between €0,37 and €0,42. So, less than a quarter of the consumer price actually goes to the farmer. https://www.edeka24.de/Berchtesgadener-Land-haltbare-Bergbauern-Milch-3-5-1L.html
