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Aye - I don’t think policy makers have internalized the degree to which wages have become coupled to housing costs. I strongly suspect the recent increase in i
by lumost 4y ago
Aye - I don’t think policy makers have internalized the degree to which wages have become coupled to housing costs. I strongly suspect the recent increase in interest rates may accelerate wage increases as individuals demand more salary to pay for mortgages or rent.
- notfromhere 4y agoI don't think there's been a year where wage growth has actually outpaced cost of living. Interest wage increases are going to decrease wage increases by softening the labor market
- lumost 4y agoAt some point, you either get a recession/depression where prices reset - or wage growth must match cost of living increases. People can’t allocate greater than 100% of income to cost of living indefinitely.