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In simplistic terms, maybe yes. I'm on the side of labor in this (in any) market so I don't intend to undercut the purpose of your comment... ... however. This
by earthscienceman 5y ago
In simplistic terms, maybe yes. I'm on the side of labor in this (in any) market so I don't intend to undercut the purpose of your comment...
... however. This depends on where the inflation is in the market and the way you intend to use your wages. "Inflation" is a number that we use to indicate much more complex and varied market trends.
- ivalm 5y agoI mean sure, you can dispute inflation number as being the relevant index, but CPI if anything underrepresents increased costs lots of people experience in Seattle.
- incongruity 5y agoIndeed - inflation is an aggregate measure and it definitely doesn’t apply equally across all individuals, in terms of impact. Recognizing my own privilege here, for me, for example, many of my expenses are fixed: student loans and mortgage take the lion’s share of our monthly cash flow after taxes and retirement. Neither of those are indexed to inflation so if this drives higher cost of living increases, it’s a net win for me, in all likelihood.