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I don't get what you're trying to say here? Are housing and healthcare not included in the general measurement of inflation where you live? Or do you mean that
by Arnt 8y ago
I don't get what you're trying to say here? Are housing and healthcare not included in the general measurement of inflation where you live?
Or do you mean that wage rises should be compared against only a part of inflation?
- lotsofpulp 8y agoHousing in desirable areas with potential for growth is offset by depressed housing in most of the rest of the US, so for the desirable portions of the country, housing, and higher education and healthcare have outpaced wage growth considerably.
- Arnt 8y agoI'm not sure... is this a roundabout way of saying that the expensive things are the ones you prefer, or is there something more substantive behind the statement?
- lotsofpulp 8y agoIt means that there is a widening wealth and income gap, and that affects people's day to day lives. It's a more risky winner take all situation, where if you're not in the right place at the right time, you risk getting left behind, and that does affect people's psyche. People in rural areas where housing costs are not increasing might be experiencing a little wage growth, but there are fewer and fewer future work opportunities. People in urban areas where housing costs are increasing rapidly, but wages are not increasing rapidly enough to make them feel secure...but they need to stay there in case they're laid off or need to find another employer. Either situation isn't what's wanted, but the overall statistic is that real wage growth is positive.
- billysielu 8y agoThey arnt included in most places, Arnt.