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i.e. the three most necessary things. if you weight inflation baskets by how discretionary the spending is i dont think wages are higher. theyre much lower. yo
by pydry 3y ago
i.e. the three most necessary things.
if you weight inflation baskets by how discretionary the spending is i dont think wages are higher. theyre much lower. you cant live in an iphone but you can easily live without one.
- api 3y ago“Inflation in core needs, deflation in everything else, wage stagnation.” This has been called in-deflation or disinflation and has been the dominant paradigm since the turn of the century, at least in the US and much of the developed world. The terminal end state of the disinflationary economy is desperate people living check to check but carrying supercomputers with instant access to all knowledge and all media in their pockets. Wages have risen a bit lately (in real terms even after inflation) but not nearly enough to undo 20 years of the above pattern.
- School-Cotton 3y agoPost-secondary education is not even close to being more important than food, transportation, clean water, etc.
- pitaj 3y agoFood, water, and clothing are cheaper than ever. Healthcare and tuition are less fundamental needs. So that really only leaves shelter as the one "most necessary thing" that has increased in cost.
- deleted 3y ago[deleted]
- pydry 3y agoYou think a new pair of jeans from hot topic is more necessary than cancer surgery or an education huh? Interesting claim.
- Fricken 3y agoI don't personally shop at Hot Topic, however, being largely furless, clothing is essential for the perpetuation of the species in many climate regions. Cancer hasn't been able to stop us anywhere.
- ClumsyPilot 3y ago> Healthcare and tuition are less fundamental need Eye, people who are sick and uneducated are very employable, have good prospects in life > Food, water, and clothing are cheaper than eve yes and no, we prodyce loads of unhealthy food cheaply, you wont starve. Fresh produce costs, organic, ethicslly farmed stuff us really expensive. The latter is probavly a closer comparison to food as it was produced in good old days
- pitaj 3y agoI didn't say they were unimportant, I said they were less fundamental. Refer to the hierarchy of needs: health is higher on the pyramid than food, clothing, and shelter.
- WalterBright 3y agoMost necessary? People have lived for millennia without tuition and health care. Just think of the settlers that came over the Oregon Trail, not that long ago. Where was their tuition and health care?
- objectivetruth 3y ago[dead]