A 26% increase over 8 years is 2.9%/year annualized. Inflation in the UK over that same period was 2.9%/year [0]. It’s unfortunate that real wages have declined

A 26% increase over 8 years is 2.9%/year annualized. Inflation in the UK over that same period was 2.9%/year [0]. It’s unfortunate that real wages have declined during that time, but that seems like a separate issue. I completely agree that Medicare needs to be able to negotiate prices for prescription drugs. That’s one of the few places where there’s clear room for incremental change in US healthcare. [0] https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator https://www.bankofengland.co.uk/monetary-policy/inflation/in...