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Were you not able to make the connection that he wasn't talking about income inequality causing suicides? He was talking about people having less money than bef
by auntyJemima 10y ago
Were you not able to make the connection that he wasn't talking about income inequality causing suicides? He was talking about people having less money than before, financial problems, stagnating wages.
- gozur88 10y agoBut people don't have less money than before. "Stagnating" doesn't mean "going down".
- ux-app 10y ago> "Stagnating" doesn't mean "going down" inflation means that today's $1 can buy less than yesterday's $1. If your wages are not increasing at least at the rate of inflation then you are steadily getting poorer. After all, 50 years ago you could buy a house in my neighbourhood for about $60k, now it's at about $500k (without any significant changes to demographic/gentrification pushing prices up).
- gozur88 10y agoOkay now, let's all get on the same page here. Wages are flat in constant dollars. Yes, we all know how inflation works.