Does Economics In One Lesson Explain Inflation Clearly?

A parent in my son's preschool group chat tagged me out of nowhere. "Theo's dad, your son's lunches always look pretty nice. Starting tomorrow, pack one for my daughter too." "I'm not asking for free food. I'll give you ten dollars a day. That adds up. You can make a little extra on the side." I stared at the message, almost laughing from how absurd it was. My son has severe food sensitivities and a fragile stomach. Every ingredient in his meals is specially sourced, and a single lunch costs far more than five hundred dollars to prepare. And this man thought ten dollars could buy it? I replied with two words: "Not happening." The next day, my son came home crying. His lunch had been taken by another child, and the teacher had scolded him for being selfish. Fine. Since they wanted to push this far, I would show them exactly how far I could go.

My mom wants me to report every single detail in my life to her every day. I only get to receive my allowance once I do so. One phone call is equivalent to me receiving one cent. "My dear daughter, I love you so much, you know. Just let me know whatever you're doing every day. Only then can I relax." I don't have the heart to let my mom down, so every day I put all of my effort into coming up with something. That way, I can only gather enough money to buy the cheapest food in the cafeteria. But the food isn't enough to sustain me, leaving me hungry every day. Finally, I break down emotionally. That is, until I receive an allowance from my dad, who's supposed to be dead for many years…

The company had been losing money for two consecutive years. That year, with our biggest client suddenly going out of business, we lost nearly ten million dollars in receivables. On New Year's Eve, I sent out a company-wide apology email after much deliberation. The email stated, "At this moment, I regret to inform that we can only increase each employee's monthly salary by 20 dollars this year." An intern named Ingrid Little took a screenshot of the email and posted it online. In no time, her post started trending. The entire internet criticized me for being fake and pretending to be poor. They said that my shameless act was a blatant insult to my employees' hard work. "20 dollars doesn't even cover commuting!" "Why hasn't this garbage company gone under yet?" Ingrid replied to each comment with the same line: "I don't care about the money. I just feel insulted. I'm quitting tomorrow." The next day, I walked into the office with bloodshot eyes and turned on the company-wide broadcast. I announced, "Since some people believe I've insulted their dignity, you may submit your resignation immediately. However, you will no longer be entitled to the year-end bonus of 20 thousand dollars." Everyone gasped in disbelief. Ingrid turned completely pale, and some workers even rushed into my office impulsively. "Boss, this has nothing to do with me! I stand with the company!" After all, my company had increased salaries for 37 consecutive years and given an average raise of over 2,000 dollars each time. They wouldn't find a company like mine elsewhere.

After receiving his bonus, my husband, John Anderson, used his savings and bought his mother a house in the city. Considering my mother-in-law, Mary Anderson’s age, it was not ideal for her to stay alone in the countryside. Hence, I transferred the money without any hesitation. However, when John went to fetch his mother for house-viewing, she appeared unexpectedly before my door. “Helen, I can understand that you feel unwell due to your pregnancy, but my husband left me so little money. I can’t give it all to you.” I was dumbfounded. Just when I was about to clarify matters, my husband called me. “Helen, Mom doesn’t like this house. The other house she likes is three hundred thousand dollars more expensive. Quick, transfer me the money. “Oh, by the way, I’m afraid Mom will feel bad about this, so I didn’t tell her the actual price. When we visit her, please don’t accidentally tell her this information. I’m afraid she’d feel embarrassed.” I touched my flat belly. “Mary, did you say that I’m pregnant?” The next second, Mary’s phone started to ring. “Mom, Helen’s feeling uncomfortable, and she wants to buy a massage chair. Please send me more money!” Mary was also dumbfounded. “Aren’t you John’s wife?”

After ten years studying interior design overseas, I came back to my hometown to do work that mattered to the people who raised me. I offered the full package, from site survey to soft furnishings. The materials were chosen by hand. The price was fair to the bone. The town had just gone through a redevelopment. Everyone was getting new units. With the new family policy, every family wanted a third bedroom too. My business was good. Customers from the next county were driving in. Then a girl just back from a city college kicked open my studio with her phone on a livestream and her neighbors at her shoulder. "This is the dishonest one. Look at her. She has been ripping the village off." "In the city, an eighty-square-meter unit can be done for twenty thousand dollars. She is charging eighty." "That's a sixty-thousand-dollar margin. Sixty thousand. Right out of our pockets." The village fell in line behind her. They demanded the difference back. When I refused, they smashed my studio. They beat me into a coma. The pile-on online killed me. When I opened my eyes again, I knew exactly what I was going to do. I would refund every single one of them. And then I would tear out every single thing I had installed. Let's see what twenty thousand dollars actually buys you.

"You guys know what the situation is like in this industry this year. I need to cut our end-of-the-year bonus by half in order to overcome this difficult period." My boss, Peter Hurley, claims that things are difficult in the industry right now, yet his wrist still showcases the luxury watch that he's just bought. My 20,000-dollar bonus is reduced to 700 dollars. In addition, I also received a plaque that says "Award for Outstanding Contribution". "This plaque is worth a lot, Soren. It represents the acknowledgement this company has for you. Don't be so petty when it comes to money." As I stare at the plaque in my hand, I can't help but scoff furiously. "Fine. I won't be that petty when it comes to money. I hope you won't be that petty either when you're paying next month's rent." Peter is stunned momentarily. "What do you mean by that?" I toss the plaque into the trash can. "What I mean is, I'm the landlord of this building. From next month onward, the rent will be increased ten times. If you refuse to accept the new rent, you can pack up and scram."