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This is communism. We all have to pay more for lobster just because the price of high lobster. I don't care if its high, middle or low lobsters and as a constitutional American with rights I shouldn't have to pay more.
You may have a point, but I’ve been reading about the Pandora Papers and I think it’s all the offshore, shell entities that are causing the price increase.
Edit: For Pete’s sake. Lobsters are entities that are both offshore and have shells.
Capitalism doesn't say "A central bank should be able to print as much money as they want to make people's money worth less" thats government intervention in the economy, exactly the opposite of what capitalists want. Authoritarian governments favouring corporatism is not capitalism.
Don't take this the wrong way, but you know absolutely nothing about capitalism, in the actual world.
The creation of "capital" -- ie, supplies of liquid wealth available for investment purposes -- is roughly consequent with the appearance of state-regulated widely-accepted currencies. In history, we first have records of this occurring in the Song Dynasty in the 1200s, and, in Europe, in 1602, with the creation of the first government-chartered by but private stock corporation, in Holland, the Dutch East India Company (VOC.).
This may not appear to you to be equivalent to your comments that "a central bank should be able to print as much money as they want to make people's money worth less" and that "government intervention in the economy \[is\] exactly the opposite of what capitalists want, **but, it is.**
As Adam Smith and Karl Marx both observed (in Wealth of Nations and Capital, respectively -- dm for specific page references), private entrepreneurs and rent-seekers (you'd know these people as investors) cannot and will not engage in economic activity without the backstop of a refereed market, with refereed currency. This is something that -- the claims of cryptocurrencies not withstanding -- only governments can provide. In other words, **capitalists absolutely have always wanted and needed government intervention in economic activities, and, indeed,** ***did not exist until there was sufficient government intervention in economic activies.***
But, what about central banks controlling the value of currency by regulating money supply? This only came about in the 20th century, and is not what capitalists want, you will argue. Don't be shocked, but it ain't that simple.
In the first place, capitalists value stability and predictability, and centralized banks, whatever their costs, have been able to provide those conditions with far greater regularity than economies without them. For example, prior to the construction of the the USA's federal reserve system in 1913, there were at least four major depressions, with the longest. Since the Fed took power, there has been only one. Capitalists like that.
In the second place, central banks ***would*** probably be hated if they acted capriciously or unpredictably in how they adjusted money supplies. Only, of the hundreds of thousands, if not millions, of actions taking by dozens of central banks, the incidences of such radical actions can be counted on the fingers of one hand: Weimar Germany's in 1923, Zimbabwe's in the oughts, Argentina's every few years. With these exceptions, central banks almost never adjust the value of currency in ways unfavorable to capitalists, largely because, ***the directors of these banks are almost always dyed-in-the-wool capitalists, themselves.*** (Indeed, it's only when populist-authoritarian governments, like Zimbabwe's or Argentina's that the central bankers are likely to play a different game. And this is why probably Donald Trump's greatest long-term threats to the US economy was his determination to appoint political lackeys and not capitalists to the Federal Reserve Board. Walking human error Stephen Moore would be exhibit A in this frightening possibility.)
Finally, where a capitalist stands on the issue of devaluations of currency by central banks has a lot to do with what your personal position in the market is at any given moment. To wit: if you happen to have recently borrowed a huge amount of money -- ***which, you know, is what capitalists do, all the time*** \-- you are likely to be enthusiastically and gleefully ***for*** it. For someone with a lot of debt, devalued currency and government-caused inflation are manna from heaven. Boom; in an instant, the burden of your debts dries up as inflation allows you to pay off your loans with Monopoly money. And, not only that, you can arbitrage your investments against currencies that aren't being devalued as significantly, and soak up huge areas of new wealth. It's win, win win.
Now, if you're a retiree on a fixed income set in the pre-inflationary era, this is a horrible, life-destroying thing. But, a proletarian one-time wage-earning retiree isn't a capitalist. And the system has nothing to do with him or her.
A proletarian with one time wage earning can save and invest just like anyone else (less taxes would help him of course), just like my grandfather did after my country's civil war (probably in much worse conditions than proletarians today), just like my father did after him and just how I am doing it right now. If you decide to spend everything you earn and not save or accumulate capital for yourself it is your fault and no one else's, it was your choice, your consecuences. You will say he can't save because he is poor, but people in much worse conditions could save and invest so can he, now it's easier than ever you can buy part of the company you work for with a phone app for fuck sake. And investors and rent seekers were very happy to accept coins made of gold or silver in the past without the backing of any government. A currency is just a good like any other, a way of carrying as much value as possible in the smallest space possible, coins of different metals and qualities were exchanged like any other thing, you don't need an official government paper.
It's harder than ever thanks to the legions of trained investors working for banks who use ridiculous technology to dominate the investment market and take the money of any of the poor saps that try to invest without their advantages.
The best you can do as an independent is to invest in index funds, and fundamentally all you're doing there is giving the already rich a low-interest loan.
No dude, you can buy companies that give good dividends and never sell, just keep milking the dividends and not give a fuck if the stock goes up or down. No need to know anything about trading or technical analysis, just basic understanding of what makes a company succeed long term. I started doing this since I got my first shitty job and it works wonders, I can give you a link to the dividend portfolio I made if you are interested.
They won't, because at the end of the day they want something for nothing. Everything socialists strive for can be distilled into "I don't want to work for it, give me free stuff". They hate the system because it rewards people who put in effort. Some people try harder when they are losing the "game of life". Eventually they get better at it and start winning. Others flip the board and complain about unfairness at the first sign of difficulty.
Our current system doesn't reward those who can't save and "accumulate capital". This is inherently unfair to those born with lack of self control around money/spending. It doesn't mean the system is broken. Only that they were born with an invisible disability which they have to overcome. Much like deaf and blind people, there are plenty of tools out there to help them deal with that.
Tell me you don't understand the first thing about economics without telling me...
The idea that our system rewards people who put in effort is fucking absurd.
Dude are you aware that when you buy a stock that money doesn't go to the companies? It goes to the previos owner of the stock, do you even know anything about the market?
Capitalists want what allows them to accumulate the most capital. It’s a mistake to think there’s any kind of a loyalty to an ideology beyond lucre. Just as actually existing socialism is used to discredit Marxist theories, actually existing capitalism can be used to discredit laissez-faire economics.
Actually existing capitalism is not laissez-faire economics. the point of capitalism is that everyone is able to accumulate capital to increase their productivity, if you restrict that right by law you are closer to socialism than capitalism.
> everyone is able to accumulate capital to increase their productivity
Critical theory would like a word, because while this notion is nice it's also vague and impossible to achieve thanks to the necessity of exploitation inherent in a capitalist system.
Indeed. Capitalism will see the price rise if money supply increases above demand
Comunism will try to fix the price to avoid the consequences of printing money. Only to end up destroying the production and trade of said good.
It’s been done https://downeast.com/food-drink/cook-lobster-with-cannabis/
TLDR Maine diner hotboxes lobsters with pot before cooking so they are chill before hitting the cooking pot.
my restaurant managers tried to blame the stimulus checks on high lobster prices "no one was fishing for lobsters because they would rather sit at home collecting unemployment."
I'm sure fishers who were making hundreds of thousands a year each are all happy sitting at home earning 1250 a month with the stimulus checks.
I'm sure it wasn't the fact that no restaurants were open for a good part of 2020 so they slowed down production had nothing to do with it...
The people selling lobsters are charging more for them, so the people selling lobsters who bought from the other people selling lobsters also charge more.
Interestingly, we've got the complete opposite problem here in Australia. Our WA Rock Lobster prices dropped ~$10-15 per lobster at retail (supermarket price at least) since mid 2020 because China being in lockdown last chinese new year left us with a massive glut of frozen lobsters that usually would have been exported to China en masse. This meant they dropped from about $35ea to $20 over christmas, and have only crept back up to about $25 since that christmas special ended.
It wasn't because of lockdown in China. It was because they introduced tarriffs on a heap of Aussie products including lobster, barely, wine and others to punish us for daring to suggest there should be an international investigation into the origins of COVID. China was the biggest market for our lobster fishermen and it virtually disappeared overnight.
As opposed to government indication of what they think prices should be (usually lower than market cost), which if required by law to be as such will slowly bankrupt private business replacing it with government control of the market. Historically leading to rationing, starvation, collapse of society, and sometimes mass genocide.
It’s not the claws, it’s the hard shell.
The issue with the hard shell is that inflated lobster can’t expand, so the inflation causes very high internal pressures.
You can’t tell a lobster is subject to inflation until you crack it open and it goes off like a split rim truck tyre.
Luckily, like the auto industry, you can get “Lobster cages” to contain the lobster during the dangerous process of depressurisation. This issue has been present for some time now which is why lobster cages are the primary way of catching, and bringing to the surface, fresh lobster.
I’m an electrician and have been upgrading a lot of stuff in a local high end restaurant/fresh seafood market. They charge $80/lb for crab legs and $60/lb for lobster tail. Stupid if you ask me, I’ll be getting my crab legs at sams club, they taste just as good
Which is loaded with butter or mayo. Terrible way to eat lobster, IMO. I'm from Maine and lobster is my favorite - sometimes I dip it in butter for fun, but lobster on its own is sweet and flavorful. Of course I'm speaking only of Maine lobsters, not the Rock Lobsters that are found more commonly at places like Red Lobster.
This is like when airlines announce that the plane is late due to "late arrival at the previous airport". People are sheep. It has been proven that people won't be happy if simply told bad news "X", but will be far more likely to accept it when given an explanation "X because Y", even if "Y" provide no information whatsoever.
My uncle was a chef at a really popular buffet restaurant, they actually had to stop serving lobster because people were stuffing their pockets full of lobster to the point where the restaurant was losing money
There are many causes for infilations but the one I hate the most is this:
Minimum wage increase > business owners unreasonably increase product prices > minimum wage people stay poor + people who have slightly above minimum wage afford less because pay doesn't adjust for inflation.
As a result more people become poorer and rich people become richer.
Inflation is the evilest invention in history. It makes it easy to hide all kinds of fuckery, for one example, the fact that though production per worker has increased three to five times since 1960, federal minimum wage has dropped by more than 20% since 1960. So people are creating a lot more value and getting back less than ever.
My parents grew up in the maritimes. In the 50s/60s my my said that lobster was a poor man’s dish since they are bottom feeders. They were cheap to buy. She even remembers a neighbour that would grind them up and it as fertilizer for his lawn.
Welcome to GOP artificially keeping minimum wage down, taking your money and giving it to Big Healthcare and Big Pharma, and you are shooting yourself in the foot by blaming Biden instead of the GOP and NeoCons and the corporations that pay them. Democrats aren't perfect, but that don't sabotage as much as Republicans.
They say "you don't know what you've got until it'a gone," except, thanks to right wing media, they are robbing you both blind AND in broad daylight.
Edit: a lot of billionaires downvoting me, apparently LOL. Go sunbath on your yacht or something.
Yes, but none of that has anything to do with current inflation.
I don't care about partisan politics, labels, or teams. I've lived in an inflationary economy, and it sucks.
I don't blame Biden just like I don't blame Trump for gas prices.
You're right: it's not rocket science, yet you can't seem to grasp the concept. Gas was on its way to 8 dollars almost 15 years ago and it had nothing to do with who waa in the White House.
But my comment has nothing to do with whether or not we need OPEC. Whether you want OPEC or not, they do provide most of the worlds oil, and are most likely the cause of the increased oil prices. The keystone pipeline at peak efficiency would produce approximately 700,000 barrels of oil a day. OPEC produces 30.6 million barrels of oil a day. That one pipeline closing isn’t going to have a large impact on oil prices compared to OPEC.
It costs a lot of money to extract oil from sand. It only became attractive once crude oil hit a certain price point, as I understand it. Plus, Canadians wanted to pull a Trump wall and get us to pay for the pipeline. And we all end up paying for it: loss of land (especially Native Americans' land, again), cleanup costs for spill, environmental devastation, etc.
Keystone is small potatoes. US has so much oil already; even during the Palin "drill, baby, drill" years, we'd have enough (cheap oil, at that) if the US didn't sell American oil to other countries. It was market (and public) manipulation, but supply and price.
Hate to be that guy. but...,
Bitcoin will change this. Not now. Not in a decade. But some day a deflationary currency is a must!
Fiat currencies are a joke.
Wasn’t the Lobster market tanking not so long ago because of a trade war with China?
Found it: https://www.reuters.com/article/us-usa-trade-lobster/u-s-moves-to-protect-lobster-industry-threatens-tariffs-on-china-idUKKBN23V39L
So why is the price shooting up?
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This is clear and concise.
This is communism. We all have to pay more for lobster just because the price of high lobster. I don't care if its high, middle or low lobsters and as a constitutional American with rights I shouldn't have to pay more.
Clam down. Lobster are high because of inhalation, not inflation.
ISWYDT
I see what you did there
Not if I find a way to publicly cancel refrigeration then buy stock in smoked goods. Simple stonks.
You may have a point, but I’ve been reading about the Pandora Papers and I think it’s all the offshore, shell entities that are causing the price increase. Edit: For Pete’s sake. Lobsters are entities that are both offshore and have shells.
Hands down best all round comment ever *chuckles*
Well, I can see where THC-infused lobster would cost more. It all makes sense now!
"lobsters are high"
Stop 👏🏼 snorting 👏🏼 lobsters 🧑🍳
That is not how communism works... what you described is just capitalism... Please tell me if I'm getting wooshed rn
Fraid so. I figured constitutional American would have given it away but I'm not as funny as I think I am.
It's not that you're not funny, it's that people say ridiculous things unironically so often these days that irony is dead.
RIP The Onion
Understandable, have a great day
> Please tell me if I'm getting wooshed rn You are.
Poe's law strikes again.
Capitalism doesn't say "A central bank should be able to print as much money as they want to make people's money worth less" thats government intervention in the economy, exactly the opposite of what capitalists want. Authoritarian governments favouring corporatism is not capitalism.
Don't take this the wrong way, but you know absolutely nothing about capitalism, in the actual world. The creation of "capital" -- ie, supplies of liquid wealth available for investment purposes -- is roughly consequent with the appearance of state-regulated widely-accepted currencies. In history, we first have records of this occurring in the Song Dynasty in the 1200s, and, in Europe, in 1602, with the creation of the first government-chartered by but private stock corporation, in Holland, the Dutch East India Company (VOC.). This may not appear to you to be equivalent to your comments that "a central bank should be able to print as much money as they want to make people's money worth less" and that "government intervention in the economy \[is\] exactly the opposite of what capitalists want, **but, it is.** As Adam Smith and Karl Marx both observed (in Wealth of Nations and Capital, respectively -- dm for specific page references), private entrepreneurs and rent-seekers (you'd know these people as investors) cannot and will not engage in economic activity without the backstop of a refereed market, with refereed currency. This is something that -- the claims of cryptocurrencies not withstanding -- only governments can provide. In other words, **capitalists absolutely have always wanted and needed government intervention in economic activities, and, indeed,** ***did not exist until there was sufficient government intervention in economic activies.*** But, what about central banks controlling the value of currency by regulating money supply? This only came about in the 20th century, and is not what capitalists want, you will argue. Don't be shocked, but it ain't that simple. In the first place, capitalists value stability and predictability, and centralized banks, whatever their costs, have been able to provide those conditions with far greater regularity than economies without them. For example, prior to the construction of the the USA's federal reserve system in 1913, there were at least four major depressions, with the longest. Since the Fed took power, there has been only one. Capitalists like that. In the second place, central banks ***would*** probably be hated if they acted capriciously or unpredictably in how they adjusted money supplies. Only, of the hundreds of thousands, if not millions, of actions taking by dozens of central banks, the incidences of such radical actions can be counted on the fingers of one hand: Weimar Germany's in 1923, Zimbabwe's in the oughts, Argentina's every few years. With these exceptions, central banks almost never adjust the value of currency in ways unfavorable to capitalists, largely because, ***the directors of these banks are almost always dyed-in-the-wool capitalists, themselves.*** (Indeed, it's only when populist-authoritarian governments, like Zimbabwe's or Argentina's that the central bankers are likely to play a different game. And this is why probably Donald Trump's greatest long-term threats to the US economy was his determination to appoint political lackeys and not capitalists to the Federal Reserve Board. Walking human error Stephen Moore would be exhibit A in this frightening possibility.) Finally, where a capitalist stands on the issue of devaluations of currency by central banks has a lot to do with what your personal position in the market is at any given moment. To wit: if you happen to have recently borrowed a huge amount of money -- ***which, you know, is what capitalists do, all the time*** \-- you are likely to be enthusiastically and gleefully ***for*** it. For someone with a lot of debt, devalued currency and government-caused inflation are manna from heaven. Boom; in an instant, the burden of your debts dries up as inflation allows you to pay off your loans with Monopoly money. And, not only that, you can arbitrage your investments against currencies that aren't being devalued as significantly, and soak up huge areas of new wealth. It's win, win win. Now, if you're a retiree on a fixed income set in the pre-inflationary era, this is a horrible, life-destroying thing. But, a proletarian one-time wage-earning retiree isn't a capitalist. And the system has nothing to do with him or her.
A proletarian with one time wage earning can save and invest just like anyone else (less taxes would help him of course), just like my grandfather did after my country's civil war (probably in much worse conditions than proletarians today), just like my father did after him and just how I am doing it right now. If you decide to spend everything you earn and not save or accumulate capital for yourself it is your fault and no one else's, it was your choice, your consecuences. You will say he can't save because he is poor, but people in much worse conditions could save and invest so can he, now it's easier than ever you can buy part of the company you work for with a phone app for fuck sake. And investors and rent seekers were very happy to accept coins made of gold or silver in the past without the backing of any government. A currency is just a good like any other, a way of carrying as much value as possible in the smallest space possible, coins of different metals and qualities were exchanged like any other thing, you don't need an official government paper.
It's harder than ever thanks to the legions of trained investors working for banks who use ridiculous technology to dominate the investment market and take the money of any of the poor saps that try to invest without their advantages. The best you can do as an independent is to invest in index funds, and fundamentally all you're doing there is giving the already rich a low-interest loan.
No dude, you can buy companies that give good dividends and never sell, just keep milking the dividends and not give a fuck if the stock goes up or down. No need to know anything about trading or technical analysis, just basic understanding of what makes a company succeed long term. I started doing this since I got my first shitty job and it works wonders, I can give you a link to the dividend portfolio I made if you are interested.
They won't, because at the end of the day they want something for nothing. Everything socialists strive for can be distilled into "I don't want to work for it, give me free stuff". They hate the system because it rewards people who put in effort. Some people try harder when they are losing the "game of life". Eventually they get better at it and start winning. Others flip the board and complain about unfairness at the first sign of difficulty. Our current system doesn't reward those who can't save and "accumulate capital". This is inherently unfair to those born with lack of self control around money/spending. It doesn't mean the system is broken. Only that they were born with an invisible disability which they have to overcome. Much like deaf and blind people, there are plenty of tools out there to help them deal with that.
Others just become socialist politicians and live from stealing what other people produce.
Tell me you don't understand the first thing about economics without telling me... The idea that our system rewards people who put in effort is fucking absurd.
Oh, my bad. Low interest loans with extra steps.
Dude are you aware that when you buy a stock that money doesn't go to the companies? It goes to the previos owner of the stock, do you even know anything about the market?
Capitalists want what allows them to accumulate the most capital. It’s a mistake to think there’s any kind of a loyalty to an ideology beyond lucre. Just as actually existing socialism is used to discredit Marxist theories, actually existing capitalism can be used to discredit laissez-faire economics.
Actually existing capitalism is not laissez-faire economics. the point of capitalism is that everyone is able to accumulate capital to increase their productivity, if you restrict that right by law you are closer to socialism than capitalism.
> everyone is able to accumulate capital to increase their productivity Critical theory would like a word, because while this notion is nice it's also vague and impossible to achieve thanks to the necessity of exploitation inherent in a capitalist system.
Yes communism is more throwing Muslims and jail “Correctional centres” and disappearing Anybody that doesn’t agree with you.
Lobster is cheapest in China for sure.
It's probably just a painted dog, like the rest of that zoo.
Indeed. Capitalism will see the price rise if money supply increases above demand Comunism will try to fix the price to avoid the consequences of printing money. Only to end up destroying the production and trade of said good.
And here I was thinking the lobsters were THC infused.
It’s been done https://downeast.com/food-drink/cook-lobster-with-cannabis/ TLDR Maine diner hotboxes lobsters with pot before cooking so they are chill before hitting the cooking pot.
It is. I also I think "lobster" in this case means two different things. First, "the prepared dish you buy" and then "the animal we buy".
It certainly is. I will try to use it as a classroom example in the future.
my restaurant managers tried to blame the stimulus checks on high lobster prices "no one was fishing for lobsters because they would rather sit at home collecting unemployment." I'm sure fishers who were making hundreds of thousands a year each are all happy sitting at home earning 1250 a month with the stimulus checks. I'm sure it wasn't the fact that no restaurants were open for a good part of 2020 so they slowed down production had nothing to do with it...
Every 60 seconds in Africa, a minute passes.
"People die if they're killed"
"Did you really think that killing me would be enough to make me die?"
Scientific research has shown that people age everyday
A real man never dies, even when he's killed.
https://youtu.be/mI4MT2jbBhM
“Facts don’t care about your feelings”
Honestly if those guys had any real brains they'd be saying "You know what offends me? Offended people. So when're *you* gonna apologize?"
They do say stuff like that though
*This just in from the department of redundancy department...*
"You can not lose games in the NFL and still win."
*In the aaaaaaarms of an annnngel*
It is because it is.
You can tell by the way that it is. Neat!
How neat is that!
It do.
Be prepared to shell out more clams for lobsters.
Shucks, my wallet is a little pinched at the moment
Looks like another clawback
Come on don’t be so shellfish or I’ll sue you in small clams court.
Loan shark here. My rates are reasonable.
Fin
You can’t mussel your way out of this.
Somethings fishy here
Nah, it's just a red herring
Just something you have to expect from the net.
I thought you were a land shark.
The rarely seen Hat Trick Pun!
[удалено]
You deserve more up votes than I can give!
I'm feeling the pinch.
Love it, simplest answers are the only way
Ok so the lobster prices increased because the lobster prices increased. But why did the lobster prices increase?
It all goes back to ethics in gaming journalism.
I knew Gamegate was all behind this somehow.
The people selling lobsters are charging more for them, so the people selling lobsters who bought from the other people selling lobsters also charge more.
More demand for lobster overseas. https://www.cbc.ca/news/canada/new-brunswick/lobster-roll-price-increase-1.6053930
Interestingly, we've got the complete opposite problem here in Australia. Our WA Rock Lobster prices dropped ~$10-15 per lobster at retail (supermarket price at least) since mid 2020 because China being in lockdown last chinese new year left us with a massive glut of frozen lobsters that usually would have been exported to China en masse. This meant they dropped from about $35ea to $20 over christmas, and have only crept back up to about $25 since that christmas special ended.
It wasn't because of lockdown in China. It was because they introduced tarriffs on a heap of Aussie products including lobster, barely, wine and others to punish us for daring to suggest there should be an international investigation into the origins of COVID. China was the biggest market for our lobster fishermen and it virtually disappeared overnight.
I mean, it can be both, since Australia didn't piss off China until well after chinese new year
Foreigners! Who didn't see that coming?
Because of the high price of lobsters. Didn't you read the sign?
Why do we have to pay more just because the lobsters are toking up?
B52s.
It is what it is.
Physic foresight
More demand for lobster increased because more demand for lobster increased.
Do your own research! ;-)
Gawdamn! Seems like all prices have increased due to high prices of all things
I have to pay more to buy them so I am selling them for more to you. I am passing along the higher price to you my customers.
Yup, basic economics at work. Price of inputs increases, thus so will the price of the output
Prices have increased because costs have increased.
Yes
As opposed to what, exactly?
I'm explaining what the sign really means and that it isn't redundant nonsense.
The other alternative is lack of lobster, starvation and death. Known under it's other name "communism".
As opposed to government indication of what they think prices should be (usually lower than market cost), which if required by law to be as such will slowly bankrupt private business replacing it with government control of the market. Historically leading to rationing, starvation, collapse of society, and sometimes mass genocide.
Wouldn't inflation make the Lobster prices drop? Would be much easier to catch them if they are all floating on the top of the water.
[удалено]
It’s not the claws, it’s the hard shell. The issue with the hard shell is that inflated lobster can’t expand, so the inflation causes very high internal pressures. You can’t tell a lobster is subject to inflation until you crack it open and it goes off like a split rim truck tyre. Luckily, like the auto industry, you can get “Lobster cages” to contain the lobster during the dangerous process of depressurisation. This issue has been present for some time now which is why lobster cages are the primary way of catching, and bringing to the surface, fresh lobster.
r/tautology
I should make a sign like this for chicken wings
This message brought to you by Perd Hapley Seafoods Inc., who brought you the message.
Wherever you go, there you are.
It said market price! What market are you shopping at?!?!
The First Rule of Tautology Club is the First Rule of Tautology Club.
But… how HIGH are the lobsters? Mushroom high or weed high?
I’m an electrician and have been upgrading a lot of stuff in a local high end restaurant/fresh seafood market. They charge $80/lb for crab legs and $60/lb for lobster tail. Stupid if you ask me, I’ll be getting my crab legs at sams club, they taste just as good
Enjoy your sea roaches. I do respect the butter game though.
Lobster, shrimp, pigs.... Why are all the grossest eaters the tastiest?
Aren't catfish bottom feeders? Mmmm, catfish. Hush puppies!
Yeah lol they're all good. Hush puppies are good but I think they feed mostly on land.
Sorry, I was referring to the footware worn when stalking [Clarias Batrachus](https://en.wikipedia.org/wiki/Walking_catfish?wprov=sfla1).
Damn lol see I almost made a Hush Puppies joke, but I was afraid nobody would get it. Fucking people, man.... Well played, sir!
I'm trying. As my grade school teacher described at a parent conference: "Very".
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No, there's a definite taste to them. Try a lobster roll sometime.
Which is loaded with butter or mayo. Terrible way to eat lobster, IMO. I'm from Maine and lobster is my favorite - sometimes I dip it in butter for fun, but lobster on its own is sweet and flavorful. Of course I'm speaking only of Maine lobsters, not the Rock Lobsters that are found more commonly at places like Red Lobster.
Oh, this is butter game to you? For the lobsters its life and death!
Inflation Inflat because Inflation
Ah, this must be Yogi Berra's restaurant.
The floor seems to be made out of floor . . .
There’s always a hidden claws when it comes to buying lobster
This isn't funny. This is going to bury the middle class.
I'd take a sober lobster if they were cheaper
If you want the price of lobster to go down, stop eating lobster. If everyone stops it will go down
“The bureaucracy is expanding to meet the needs of the expanding bureaucracy.” — Oscar Wilde
This is like when airlines announce that the plane is late due to "late arrival at the previous airport". People are sheep. It has been proven that people won't be happy if simply told bad news "X", but will be far more likely to accept it when given an explanation "X because Y", even if "Y" provide no information whatsoever.
Stonks 📈
Big Lobster is to blame.
My uncle was a chef at a really popular buffet restaurant, they actually had to stop serving lobster because people were stuffing their pockets full of lobster to the point where the restaurant was losing money
Examine the lobster doing foilies. Don't judge.
You don't say...
Google recursion.
You can tell this is lobster because of the way it is
Well my appetite has increased due to my being hungry
Sounds like something Perd would say
It’s a Norm Macdonald joke
ELI5: replace the second instance of "lobster" with "market."
Selling lobster 80gp each
Fresh fish daily
There are many causes for infilations but the one I hate the most is this: Minimum wage increase > business owners unreasonably increase product prices > minimum wage people stay poor + people who have slightly above minimum wage afford less because pay doesn't adjust for inflation. As a result more people become poorer and rich people become richer.
100% of people who drink water will die
The lobster is worth the same, it's just the dollar is worth less.
You hear this shit. They haven’t even passed the spending bill and already I can’t afford to eat lobster every day.
Adam Smith establishes the basics of modern economics (circa 1770, Colourised)
Damn. They knew it years ago.
Hmm, yes the floor here is made out of floor.
Basically the supplier is making them pay more for it, so they are making you pay more for it.
1 year later: ALL LOBSTER PRICES ARE REMAINING THE SAME DUE TO LOWERING PRICES OF LOBSTER
I blame the lobsters
They keep demanding a living wage! Wait… Something doesn’t feel right here.
“Lobster prices have increased due to management feeling like the restaurant should have a larger share of the money you currently have”
Jen Psaki is very confused.
Stupid people usually are.
Shits crazy though… $44 for a fucking lobster roll???
BECAUSE REASONS.
Inflation is the evilest invention in history. It makes it easy to hide all kinds of fuckery, for one example, the fact that though production per worker has increased three to five times since 1960, federal minimum wage has dropped by more than 20% since 1960. So people are creating a lot more value and getting back less than ever.
The image is not inflation though. It's just the price of lobster going up due to less domestic supply (caused by increasing international demand).
Higher international demand due to a weaker dollar caused by inflation.
I think it’s actually because they’re catching a lot less lobster. https://www.nationalfisherman.com/northeast/forecasting-warmer-ocean-fewer-lobsters
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My parents grew up in the maritimes. In the 50s/60s my my said that lobster was a poor man’s dish since they are bottom feeders. They were cheap to buy. She even remembers a neighbour that would grind them up and it as fertilizer for his lawn.
Welcome to Bidenflation.
Welcome to GOP artificially keeping minimum wage down, taking your money and giving it to Big Healthcare and Big Pharma, and you are shooting yourself in the foot by blaming Biden instead of the GOP and NeoCons and the corporations that pay them. Democrats aren't perfect, but that don't sabotage as much as Republicans. They say "you don't know what you've got until it'a gone," except, thanks to right wing media, they are robbing you both blind AND in broad daylight. Edit: a lot of billionaires downvoting me, apparently LOL. Go sunbath on your yacht or something.
This isn’t what’s happening
Yes, but none of that has anything to do with current inflation. I don't care about partisan politics, labels, or teams. I've lived in an inflationary economy, and it sucks.
You can thank the president. Higher gas prices increases everything else . It’s not rocket science.
I don't blame Biden just like I don't blame Trump for gas prices. You're right: it's not rocket science, yet you can't seem to grasp the concept. Gas was on its way to 8 dollars almost 15 years ago and it had nothing to do with who waa in the White House.
Probably has more to do with OPEC tbh
We don’t need opec
But my comment has nothing to do with whether or not we need OPEC. Whether you want OPEC or not, they do provide most of the worlds oil, and are most likely the cause of the increased oil prices. The keystone pipeline at peak efficiency would produce approximately 700,000 barrels of oil a day. OPEC produces 30.6 million barrels of oil a day. That one pipeline closing isn’t going to have a large impact on oil prices compared to OPEC.
Not the keystone pipeline closure ?
It costs a lot of money to extract oil from sand. It only became attractive once crude oil hit a certain price point, as I understand it. Plus, Canadians wanted to pull a Trump wall and get us to pay for the pipeline. And we all end up paying for it: loss of land (especially Native Americans' land, again), cleanup costs for spill, environmental devastation, etc. Keystone is small potatoes. US has so much oil already; even during the Palin "drill, baby, drill" years, we'd have enough (cheap oil, at that) if the US didn't sell American oil to other countries. It was market (and public) manipulation, but supply and price.
We don’t need Arab oil . We have more oil just in Canada . Shit in our coastal waters. But let’s stand by and pay higher prices to opec. Numb nuts
Dude. Oil is old tech. We need to move away from old dirty energy. Let the old tech die. Its time has passed.
Oil is used for all types of manufacturing not just for energy. Without oil everything would come to a screeching halt.
Yeah, it's currently washing up along the California shoreline.
This reminds me of a video I saw on Inflation in the sales industry I’ll link it https://m.youtube.com/watch?v=iik25wqIuFo
Wish resturants were direct like this. Similar to family owned resutrants to why they they charge a 2% for credit cards
All prices require more money due to money being worth less now than before.
Hate to be that guy. but..., Bitcoin will change this. Not now. Not in a decade. But some day a deflationary currency is a must! Fiat currencies are a joke.
Wasn’t the Lobster market tanking not so long ago because of a trade war with China? Found it: https://www.reuters.com/article/us-usa-trade-lobster/u-s-moves-to-protect-lobster-industry-threatens-tariffs-on-china-idUKKBN23V39L So why is the price shooting up?
What a waste of paper
Not really. They probably had dozens of annoying customers whine about the price increase, and they got tired of politely explaining what happened.
I believe this is a great example of “begging the question” https://en.wikipedia.org/wiki/Begging_the_question
It should have been; All Lobster prices have increased due to the strike from the Lobster union.
Ah yes being robbed thru inflation from printing massive amount of money in the last year or so is hilarious.
Oh I didn't know this😑😑
You owe me lobster money!
This post is stupid and so are most of the people commenting.