3 ms·

No it really is not. CPI-U is manipulated to make it seem like inflation is almost at zero therefore limiting the cost of living increases for SocSec and other

by syshum 7y ago

No it really is not. CPI-U is manipulated to make it seem like inflation is almost at zero therefore limiting the cost of living increases for SocSec and other government programs. So instead of having a 2% CPI, we actually have closer to 9% It also allows companies cover for Wage Compression because many employers base at least part of annual raises on "Cost of living Adjustments" so if the government is saying Inflation was 1.9% well then the cost of living adjustment for my salary may be 2% with another 2% for performance based or 4% total. But if actual cost of living went up by 9-13% which is likely my real buying power for the next year dropped by 5%.

lonelappde 7y ago
Question is whether you deserve salary gains to cover financial inflation, or if price cuts did to technology advancements are good enough.
- syshum 7y ago
  Rent, Food, Gas, Utilities are the biggest drivers for personal cost of living increases, these do not have price cuts due to technology. All 4 of the big household expenses are increasing at a rate of 7-20% depending on where you live
  - TwoHeadedBeast 7y ago
    Where are food prices going up? I can't say I've noticed it where I live.
    - pixl97 7y ago
      Make sure your package sizes aren't getting smaller. 12oz cans are 10.5oz cans in most places now. Also in commodity foods, research if the government has increased subsidies to farms so the price stays the same for the end user.
    - syshum 7y ago
      Then you are not accurately tracking your food costs by unit of measure. Nor tracking pricing at restaurants. I have seen a combination of both Shrink and Price increases. The cost of eating lunch at my favorite restaurants has steadily increased, and the Average price per unit for normal groceries has increased on a weekly basis. Even if your bill remains the same, that 32oz Ketchup is now probably 28oz Looking at some commodity index's Beef is about 2x the price it was in 2009, Bananas are about 40% higher than 2009, Milk over 2x higher than it was in 2009. So I really do not understand what data you are looking at that shows food prices are not going up? Both Empirically and Anecdotally my food costs are increasing
      - 0xffff2 7y ago
        I track my spending to the penny and this simply isn't the case in the Bay Area.
      - mrep 7y ago
        What data sources are you looking at? According to this website which is basing their data off of the U.S. Bureau of Labor Statistic, it shows beef is up 40% [0], bananas are down 5.58% [1], and milk is up 8.56% [2] since 2009 which is way less than what you are quoting and even the beef only averages out to 3.44% inflation per year. [0]: https://www.in2013dollars.com/Beef-and-veal/price-inflation/2009-to-2019?amount=100 https://www.in2013dollars.com/Beef-and-veal/price-inflation/... [1]: https://www.in2013dollars.com/Bananas/price-inflation/2009-to-2019?amount=0 https://www.in2013dollars.com/Bananas/price-inflation/2009-t... [2]: https://www.in2013dollars.com/Milk/price-inflation/2009-to-2019?amount=5 https://www.in2013dollars.com/Milk/price-inflation/2009-to-2...
  - 0xffff2 7y ago
    Where is this actually true? I split my time between the Bay Area and rural Oregon and in neither of those locals has any of those 4 items gone up by 7% in the last year.

by syshum 7y ago

lonelappde 7y ago

Question is whether you deserve salary gains to cover financial inflation, or if price cuts did to technology advancements are good enough.

syshum 7y ago
Rent, Food, Gas, Utilities are the biggest drivers for personal cost of living increases, these do not have price cuts due to technology. All 4 of the big household expenses are increasing at a rate of 7-20% depending on where you live
- TwoHeadedBeast 7y ago
  Where are food prices going up? I can't say I've noticed it where I live.
  - pixl97 7y ago
    Make sure your package sizes aren't getting smaller. 12oz cans are 10.5oz cans in most places now. Also in commodity foods, research if the government has increased subsidies to farms so the price stays the same for the end user.
  - syshum 7y ago
    Then you are not accurately tracking your food costs by unit of measure. Nor tracking pricing at restaurants. I have seen a combination of both Shrink and Price increases. The cost of eating lunch at my favorite restaurants has steadily increased, and the Average price per unit for normal groceries has increased on a weekly basis. Even if your bill remains the same, that 32oz Ketchup is now probably 28oz Looking at some commodity index's Beef is about 2x the price it was in 2009, Bananas are about 40% higher than 2009, Milk over 2x higher than it was in 2009. So I really do not understand what data you are looking at that shows food prices are not going up? Both Empirically and Anecdotally my food costs are increasing
    - 0xffff2 7y ago
      I track my spending to the penny and this simply isn't the case in the Bay Area.
    - mrep 7y ago
      What data sources are you looking at? According to this website which is basing their data off of the U.S. Bureau of Labor Statistic, it shows beef is up 40% [0], bananas are down 5.58% [1], and milk is up 8.56% [2] since 2009 which is way less than what you are quoting and even the beef only averages out to 3.44% inflation per year. [0]: https://www.in2013dollars.com/Beef-and-veal/price-inflation/2009-to-2019?amount=100 https://www.in2013dollars.com/Beef-and-veal/price-inflation/... [1]: https://www.in2013dollars.com/Bananas/price-inflation/2009-to-2019?amount=0 https://www.in2013dollars.com/Bananas/price-inflation/2009-t... [2]: https://www.in2013dollars.com/Milk/price-inflation/2009-to-2019?amount=5 https://www.in2013dollars.com/Milk/price-inflation/2009-to-2...
- 0xffff2 7y ago
  Where is this actually true? I split my time between the Bay Area and rural Oregon and in neither of those locals has any of those 4 items gone up by 7% in the last year.