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I don't understand this concern about inflation. It was never that high, didn't last very long, and wages kept up pretty well (real wages are higher today than
by sieongioetnio 3y ago
I don't understand this concern about inflation. It was never that high, didn't last very long, and wages kept up pretty well (real wages are higher today than they were a year ago [1]). People are panicking over a problem that has done little real harm.
https://www.cnn.com/2023/05/05/economy/real-wages-inflation/index.html https://www.cnn.com/2023/05/05/economy/real-wages-inflation/...
- bt4u 3y ago[dead]
- GiorgioG 3y agoNot everyone got a raise or changed jobs since last year. Everything is still expensive, and continues to get more expensive.
- sieongioetnio 3y ago>and continues to get more expensive. There still is inflation, but the idea that it's still terribly high is just not true. We are currently below 5% annualized inflation. This is an average over the last year; the rate for the past few months is lower still. The 10%-ish inflation that started this panic is long behind us. https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_...
- landoftheice 3y ago[dead]
- colpabar 3y agoShould everyone just eat cake then? Nobody cares what CNN or any other org says when they can see with their own eyes that milk and eggs and everything else cost more now than they did just a few years ago.
- sieongioetnio 3y agoFor most people, things cost less than they did a year ago. Real wages are up over the last year. Inflation hasn't been a real problem for most people. I can't control what conclusions people reach based on incorrect or incomplete information. I can only suggest they read better newspapers. (CNN is not one of those better newspapers. It just had the relevant numbers.)