13 ms·
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ https://www.statista.com/statistics/1351276/wage-growth-vs-i... The impact of that cha
by zer00eyz 3y ago
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ https://www.statista.com/statistics/1351276/wage-growth-vs-i...
The impact of that chart on real prices means that it would take about two decades for people to have the same economic power as they did before the pandemic.
Let's not forget that we have price misalignment because of a decade of zero interest.
https://www.cnbc.com/2023/12/08/excess-profits-of-big-firms-have-driven-up-inflation-report-claims.html https://www.cnbc.com/2023/12/08/excess-profits-of-big-firms-...
And wages did not increase at the same rate as corporate profit taking.