4 ms·

Inflation, or even fear of inflation, is going to be a big factor. I see many people trying to spin this as a unilateral win for workers, but the subtext is th

Inflation, or even fear of inflation, is going to be a big factor. I see many people trying to spin this as a unilateral win for workers, but the subtext is that many of them are afraid that they have no choice but to seek higher wages just to keep up with their expenses.

silisili 5y ago
Agreed. One friend of mine, who makes plenty, decided to go job searching because raises this year for that company maxed out at 10%. It might sound petty in normal times, but costs for a lot of people have gone up by a lot more than 10% in the last year. My rent alone went up something like 20%. Look at gas. Or wood. Or food. It's like watching money slowly disappear. Here's hoping it really is transitory.
- nsonha 5y ago
  Why did your rent go up. It went down in the city I live. Everyone moves further out and no one moves in
  - silisili 5y ago
    I don't live in a major city. I unfortunately live in an area people are 'fleeing' to.
  - deleted 5y ago
    [deleted]
- gruez 5y ago
  >My rent alone went up something like 20%. Your example is certainly atypical. BLS says rent is up 1.9% YOY. > Look at gas Mostly correct, up 42% YOY. > Or wood Can't find the BLS stats for this, probably because the amount of lumber the median household buys is approximately zero. > Or food BLS says it's up 2.6% YOY. Are you sure something like https://en.wikipedia.org/wiki/Availability_heuristic https://en.wikipedia.org/wiki/Availability_heuristic isn't messing with your perception?
  - silisili 5y ago
    Housing in my area of the US is booming. Understandably, that means in others, it's doing the opposite, so it probably washes out. As for wood, I agree not everyone is out buying lumber. But that affects lots of things. Have you priced out a shed, fixing a deck, or new run of fence? It also apparently affects furniture and such to some degree. New home builders near me were putting huge 'lumber' addendums on their previous pricing. Food is a little trickier. Grocery just 'feels' more expensive, but admittedly, I don't have any data to back that up. I can certainly cede that point.
    - xyzzyz 5y ago
      Lumber was up a lot last year, but now here (PNW) it’s cheaper than pre-pandemic prices. 2x4x8 were $3.70 at Home Depot last week, which is rather cheap.
      - f3d46600-b66e 5y ago
        It was $2.5 for 2x4 pre-pandemic, so still has a room to go down :-)
      - pfdietz 5y ago
        Lumber as a commodity is almost back to pre-pandemic levels. https://www.nasdaq.com/market-activity/commodities/lbs https://www.nasdaq.com/market-activity/commodities/lbs
  - jrockway 5y ago
    Yeah, my rent went up 0% this year for the first time ever.
  - rdtwo 5y ago
    Bls rent probably is buffered out by areas of low economic growth and mobility so you don’t see big city rents represented well
    - gruez 5y ago
- syshum 5y ago
  >> for that company maxed out at 10% That is high, many companies were still 3-5% in 2021, hard to predict what 2022 will look like but I am not expecting much in as many companies seem to not understand that is happening in the market...

silisili 5y ago

Agreed. One friend of mine, who makes plenty, decided to go job searching because raises this year for that company maxed out at 10%. It might sound petty in normal times, but costs for a lot of people have gone up by a lot more than 10% in the last year. My rent alone went up something like 20%. Look at gas. Or wood. Or food. It's like watching money slowly disappear. Here's hoping it really is transitory.

nsonha 5y ago
Why did your rent go up. It went down in the city I live. Everyone moves further out and no one moves in
- silisili 5y ago
  I don't live in a major city. I unfortunately live in an area people are 'fleeing' to.
- deleted 5y ago
  [deleted]
gruez 5y ago
>My rent alone went up something like 20%. Your example is certainly atypical. BLS says rent is up 1.9% YOY. > Look at gas Mostly correct, up 42% YOY. > Or wood Can't find the BLS stats for this, probably because the amount of lumber the median household buys is approximately zero. > Or food BLS says it's up 2.6% YOY. Are you sure something like https://en.wikipedia.org/wiki/Availability_heuristic https://en.wikipedia.org/wiki/Availability_heuristic isn't messing with your perception?
- silisili 5y ago
  Housing in my area of the US is booming. Understandably, that means in others, it's doing the opposite, so it probably washes out. As for wood, I agree not everyone is out buying lumber. But that affects lots of things. Have you priced out a shed, fixing a deck, or new run of fence? It also apparently affects furniture and such to some degree. New home builders near me were putting huge 'lumber' addendums on their previous pricing. Food is a little trickier. Grocery just 'feels' more expensive, but admittedly, I don't have any data to back that up. I can certainly cede that point.
  - xyzzyz 5y ago
    Lumber was up a lot last year, but now here (PNW) it’s cheaper than pre-pandemic prices. 2x4x8 were $3.70 at Home Depot last week, which is rather cheap.
    - f3d46600-b66e 5y ago
      It was $2.5 for 2x4 pre-pandemic, so still has a room to go down :-)
    - pfdietz 5y ago
      Lumber as a commodity is almost back to pre-pandemic levels. https://www.nasdaq.com/market-activity/commodities/lbs https://www.nasdaq.com/market-activity/commodities/lbs
- jrockway 5y ago
  Yeah, my rent went up 0% this year for the first time ever.
- rdtwo 5y ago
  Bls rent probably is buffered out by areas of low economic growth and mobility so you don’t see big city rents represented well
  - gruez 5y ago
syshum 5y ago
>> for that company maxed out at 10% That is high, many companies were still 3-5% in 2021, hard to predict what 2022 will look like but I am not expecting much in as many companies seem to not understand that is happening in the market...