3 ms·

> while inflation means you get large raises Wages haven’t kept pace with inflation in the US for some time. https://www.pewresearch.org/fact-tank/2018/08/07/

> while inflation means you get large raises Wages haven’t kept pace with inflation in the US for some time. https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us... They’re only starting to rise because of labor pool constraints from the pandemic. Inflation would be very bad for most low to median wage workers, especially those in urban center where housing crises are rampant, especially if business interests continue to succeed at putting downward pressure on them by blocking things like minimum wage hikes.

imtringued 5y ago
Investment is up since the pandemic. It was going down beforehand. Real wages are stagnating because that is how macro economics works. When everyone has a saving preference and only spends the bare minimum the economy is optimizing for "efficiency" while staying the same or shrinking. More efficiency primarily means squeezing out low wages out of workers. Given enough inflation there will be an decrease in the saving preference and the problem will resolve itself.
xapata 5y ago
It's not clear that the labor pool constraints will subside along with the pandemic.