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It's because inflation where the jobs are is much higher than the national numbers let on (because many regions are stagnant). The CPI in 2017 lists ~2% . But
by maerF0x0 8y ago
It's because inflation where the jobs are is much higher than the national numbers let on (because many regions are stagnant).
The CPI in 2017 lists ~2% .
But then look at housing, more than double that.
Or consider the "burrito index" You cant get a decent burrito <$10 anymore.
I know all of this is not academic, it't not my job so I cannot dedicate the time to truly lay it all out, but even for the tech "working class" we're feeling the pinch of inflation.
Companies dont want to pay rising salaries because they're inflated. Workers demand them because the standard of living @100k is dropping precipitously.
- jdhn 8y ago>Or consider the "burrito index" You cant get a decent burrito <$10 anymore. Seriously? What is considered a decent burrito in this context? I guess I'm eating at all the undecent burrito places then because I've gotten huge burritos for <$10, and I thought they were good.
- maerF0x0 8y agoNaturally this is completely contextual and my point is whereas ~3yrs ago I could get a good burrito for $8 now they're $11 and that's about 33% inflation... Not 2% compounding.