3 ms·

Is inflation a myth to you? The lowest-paid people have seen the highest wage increases in the past several years, do you think the grocery store and Starbucks

Is inflation a myth to you? The lowest-paid people have seen the highest wage increases in the past several years, do you think the grocery store and Starbucks didn't adjust accordingly to raise prices?

klyrs 3y ago
> The lowest-paid people have seen the highest wage increases in the past several years, Do you have a source for this? Because CEOs, the people with enough money to own several properties for luxury and investment, have been consistently beating inflation while housing costs skyrocket. https://www.cnbc.com/2022/04/18/ceos-made-a-median-20-million-last-year254-times-more-than-the-average-worker.html https://www.cnbc.com/2022/04/18/ceos-made-a-median-20-millio...
- sonicshadow 3y ago
  https://archive.ph/GhaL2 https://archive.ph/GhaL2 https://archive.ph/A9OTx https://archive.ph/A9OTx
  - klyrs 3y ago
    Interesting that those look at quartiles and quintiles. The top 20% isn't necessarily "rich," the bottom of that bracket is barely able to afford homes today. The homelessness spike is not driven by the poorest getting relative wage increases faster than the middle class, which is the story presented in your sources. The homelessness spike is caused by 50 years of working class incomes growing slower than housing costs.
    - sonicshadow 3y ago
      idk man u made me cite my sources, why dont you contribute and provide some relevant data
      - klyrs 3y ago
        What do you mean you "don't know." Your sources don't support your claim. I did provide relevant data. But here's a primary source: https://www.bls.gov/spotlight/2022/inflation-experiences-for-lower-and-higher-income-households/home.htm https://www.bls.gov/spotlight/2022/inflation-experiences-for... Inflation hits lower income brackets harder. Wages in the lower brackets are not keeping up with inflation. The continuing spike in homelessness is a direct result of wage stagnation in the lower and middle classes. The notion that lifting people out of poverty will drive inflation is farcical and perpetuates the growing rates of homelessness and poverty. Think for yourself, "idk" isn't an excuse.
        sonicshadow 3y ago
        Ok you win, idc that much
- 111111IIIIIII 3y ago
  Sources for such nonsense are extremely easy to come by in the US media. The ruling class pushes such propaganda non-stop.
kmos17 3y ago
If that was true why is there so much resistance to increasing the minimum wage in the US? Inflation has primarily been driven by increased commodity prices, inflated corporate profits and real estate being treated as an investment asset, wages are a pretty small chunk of that.

klyrs 3y ago

> The lowest-paid people have seen the highest wage increases in the past several years, Do you have a source for this? Because CEOs, the people with enough money to own several properties for luxury and investment, have been consistently beating inflation while housing costs skyrocket. https://www.cnbc.com/2022/04/18/ceos-made-a-median-20-million-last-year254-times-more-than-the-average-worker.html https://www.cnbc.com/2022/04/18/ceos-made-a-median-20-millio...

sonicshadow 3y ago
https://archive.ph/GhaL2 https://archive.ph/GhaL2 https://archive.ph/A9OTx https://archive.ph/A9OTx
- klyrs 3y ago
  Interesting that those look at quartiles and quintiles. The top 20% isn't necessarily "rich," the bottom of that bracket is barely able to afford homes today. The homelessness spike is not driven by the poorest getting relative wage increases faster than the middle class, which is the story presented in your sources. The homelessness spike is caused by 50 years of working class incomes growing slower than housing costs.
  - sonicshadow 3y ago
    idk man u made me cite my sources, why dont you contribute and provide some relevant data
    - klyrs 3y ago
      What do you mean you "don't know." Your sources don't support your claim. I did provide relevant data. But here's a primary source: https://www.bls.gov/spotlight/2022/inflation-experiences-for-lower-and-higher-income-households/home.htm https://www.bls.gov/spotlight/2022/inflation-experiences-for... Inflation hits lower income brackets harder. Wages in the lower brackets are not keeping up with inflation. The continuing spike in homelessness is a direct result of wage stagnation in the lower and middle classes. The notion that lifting people out of poverty will drive inflation is farcical and perpetuates the growing rates of homelessness and poverty. Think for yourself, "idk" isn't an excuse.
      - sonicshadow 3y ago
        Ok you win, idc that much
111111IIIIIII 3y ago
Sources for such nonsense are extremely easy to come by in the US media. The ruling class pushes such propaganda non-stop.

kmos17 3y ago

If that was true why is there so much resistance to increasing the minimum wage in the US? Inflation has primarily been driven by increased commodity prices, inflated corporate profits and real estate being treated as an investment asset, wages are a pretty small chunk of that.