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Even the lowest wage bracket of jobs has kept up with price inflation overall.

• SeanBoocock 7y ago
  That doesn’t ring true but I’d be to learn otherwise. What data are you referring to?
• twojacobtwo 7y ago
  Do you have any sources to back up that claim?
  • Nuzzerino 7y ago
    I'm sure it varies by region and time period, but for 2000-2019 in california, the cumulative inflation was 49%, while the minimum wage rose 108%. And in the most recent years, wages are going up across the board at the low pay tier: https://www.wsj.com/articles/rank-and-file-workers-get-bigger-raises-11577442600 https://www.wsj.com/articles/rank-and-file-workers-get-bigge...
    • mindslight 7y ago
      Continuing to talk about "average" inflation, rather than housing / asset inflation, is borderline disingenuous. Of course the price of consumer products has fallen - that was the primary gain of technological progress and outsourcing it all to China. The price of housing (and healthcare, education) is what has everyone over a barrel, and that's a direct result of the policy to make that average continue to go up in the face of technological progress.
      • Nuzzerino 7y ago
        Was this comment meant for me? I think the parent commenter used the word "overall" and not "average". I was simply providing a source and not making any sort of argument from it.