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I'd agree if wages (especially minimum wage) had kept pace with cost of goods and services over the years. It hasn't. There was an 11 year period where it didn
by tyingq 5y ago
I'd agree if wages (especially minimum wage) had kept pace with cost of goods and services over the years. It hasn't. There was an 11 year period where it didn't change, for example.
- dahfizz 5y agoInflation is never the exact same across industries and across time. Electronics prices have inflated less than the economy average, and even deflated depending on how you measure it. But if changing market conditions meant that electronics prices explode over the next decade, like housing and medical costs have, that would still be inflation. Stagnating prices in recent history does not make something immune to inflation. Labor is no different.