that's her who despises all femininity except in young boys

we know how powerful the media is. the media is a great tool, to inform and to affect. and i now better appreciate the immense impact the media has on people.

read the papers, watch the news on tv. inflation, inflation, inflation. shit. the more they report about it, the worser its going to hit. yes there can be inflation, but if we dont focus squarely on it, and then scrutinize it under a social microscope, then we wont notice it that much and get hurt that badly.

for us who do econs, inflation often compounds itself. singapore is an open economy, so inflation is largely imported. so input prices rise, and output becomes more expensive. people can buy less with the same amount of cold hard cash. they might not notice it, because most people actually earn more with time. but the media carry the news and the media inflames and fans and stirs up the fury and imbues in people that they are getting worse off. these people, the consumers now demand higher pay, and if the supply is inelastic, they would most probably get a higher pay. this increase in labor cost in turn increases the input cost, and the end product becomes more expensive.

if we give in to calls for pay rise to match inflation, we would only be allowing ourselves to be sucked into this vicious circle. we might even become worse off as inflation eats into savings.

buck up or get kicked.