4 ms·
Inflation does not have zero damage to poor people. It means despite wage increases they haven’t actually seen meaningful gains in 40 years before the pandemic.
by mint2 5y ago
Inflation does not have zero damage to poor people. It means despite wage increases they haven’t actually seen meaningful gains in 40 years before the pandemic.
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...
- mrjangles 5y agoThis has nothing to do with inflation. If what is being claimed is true, it would mean that without inflation they would have received no wage increases at all.