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Wages have outpaced inflation. But not for everyone.
(www.nytimes.com)
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this post was submitted on 31 Oct 2024
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No, you're oversimplifieing it. Everyone sees things getting more expensive yet my paycheque has not budged. We understand inflation. We don't understand why inflation is simply outpacing raises. I've personally lost significant spending power in the last 5 years. In the 90s my mother could buy the same groceries I pay $100 for and only spend $25. She made $14 an hour. I do the same thing she did at that age yet I make $17 an hour. Her mortgage for a 1200sqf house in a half acre was $850. My Rent for a 450sqf apartment with no backdoor is $950. The math does not add up. Wages are not keeping up with inflation.
We agree completely.
People are working harder for less money.
Oh, sorry for coming at you like that then. Cheers.
Edit: noticed your name. I thought you were the person I responded to haha.
The format here is funny like that.
Enjoy the night, and eat lots of candy!