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I mean it's not just prices. If my income and benefits had tracked with inflation and promotions I wouldn't mind. But I got promoted and lost 20% of my purcha
by hiddencost 3y ago
I mean it's not just prices.
If my income and benefits had tracked with inflation and promotions I wouldn't mind.
But I got promoted and lost 20% of my purchasing power in real terms.
- _heimdall 3y agoThat's the point though, the Fed main lever to lower inflation is causing pain in the market. When they say soft landing they really just mean they believe they can break things just enough to cool down the economy and get back to the magic number of 2-3% inflation.
- dumpsterlid 3y ago[dead]
- hiddencost 3y agoThe article frames it as "the number is too high because people don't understand inflation on an emotional level", which seems condescending and wrong, to me.
- _heimdall 3y agoTotally agree with you there, I also think that framing is just flat wrong.