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Until recently - wage gains were beating inflation by more than usual - obviously not everyone is affected equally. The main people who should've been fuming a
by onlyrealcuzzo 4y ago
Until recently - wage gains were beating inflation by more than usual - obviously not everyone is affected equally.
The main people who should've been fuming about inflation are retirees on defined benefit pensions.
- freitzkriesler2 4y agoAs opposed to asset holders getting indiscrominate gains as opposed to the hourly/salary worker? OH NOES! How dare we let workers benefit from increased wages while we let those poor boomers laze around in retirement. God forbid they can't take a 4th cruise this year. Lol, lmao even.
- scythe 4y ago>wage gains were beating inflation Nitpick: the real value of wages paid has been declining since 2020. Individual real wages increased because of workforce composition effects, but you can't run an economy on workforce composition effects. https://www.dallasfed.org/research/economics/2022/0215 https://www.dallasfed.org/research/economics/2022/0215