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Data does not support that. People with lower wages suffer the most with inflation. It's like a regressive tax. A $2 increase in the price of a gallon of gas ta
by WillPostForFood 5y ago
Data does not support that. People with lower wages suffer the most with inflation. It's like a regressive tax. A $2 increase in the price of a gallon of gas takes a much bigger percentage chunk out of the disposable income of a minimum wage employee than tech folks.
https://fivethirtyeight.com/features/most-americans-are-afraid-of-inflation/ https://fivethirtyeight.com/features/most-americans-are-afra...
- tinalumfoil 5y agoI think you and parent are in agreement. The wealthier can also afford to put more money in riskier but inflation resistant assets like stocks, so it goes beyond gas prices.
- reedjosh 5y agoI think you misread the parent comment here. Your arguments seem to agree with it.