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So the real hourly rate is 12% higher than it was in 2012. Is that a correct reading of the chart? That seems not great because rent and food feel like they hav

So the real hourly rate is 12% higher than it was in 2012. Is that a correct reading of the chart? That seems not great because rent and food feel like they have doubled.

gruez 4y ago
>That seems not great because rent and food feel like they have doubled. They haven't. https://fred.stlouisfed.org/series/CPIUFDSL https://fred.stlouisfed.org/series/CPIUFDSL https://fred.stlouisfed.org/series/CUSR0000SAS2RS https://fred.stlouisfed.org/series/CUSR0000SAS2RS