3 ms·

Landlords. Medical debt. Prices have inflated for decades. Minimum wage has stagnated.

• nerdponx 3y ago
  Friendly reminder that "inflation" more or less definitionally implies that wages increase proportionally to consumer goods prices. If prices are going up and wages aren't, it's just people getting proportionally poorer.
  • some_furry 3y ago
    Costs have inflated, wages have not.
    • gruez 3y ago
      They have, though: https://news.ycombinator.com/item?id=38325650 https://news.ycombinator.com/item?id=38325650
      • JumpCrisscross 3y ago
        There is a psychological effect in that price rises are perceived as inflation while wage increases are seen as personally earned. So even though real wages are going up, at the individual level, they're not seen as being macro-economically driven.