3 ms·

>The economic doomerism is basically chattering class bullshit I'm skeptical that you go from the lowest rates in history, over the longest period in history,

>The economic doomerism is basically chattering class bullshit I'm skeptical that you go from the lowest rates in history, over the longest period in history, to the fastest hikes in history...without some serious economic repercussions. >significant wage gains. Consumed by inflation, for the most part (but at least we kept pace). The average person isn't wealthier.

alephnerd 3y ago
Average Wages have been growing faster than inflation. [0] You don't feel it in SF/NYC/Boston/Seattle but that's also due to industry skew, and you absolutely feel the economic change in cities like ATL, Phoenix, Columbus, etc In the tier 1 cities I mentioned, wages are growing much slower than the cost of living, but that isn't true for the rest of the country anymore. [0] - https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ https://www.statista.com/statistics/1351276/wage-growth-vs-i...
- CapitalTntcls 3y ago
  Last years inflation was 10% in my country. I only got 3% raise because having higher raise would "increase inflation". I'm still able to afford my lifestyle but I don't have the same from 4 years ago.
  - alephnerd 3y ago
    > Last years inflation was 10% in my country This is a conversation about America, not your country.
  - lotsofpulp 3y ago
    > I only got 3% raise because having higher raise would "increase inflation". You only got 3% because you were not able or willing to find a buyer to give you more than 3%. Any other reason is just the buyer being polite. Obviously, this works both ways too.
  - eru 3y ago
    Which country is that? And who made that excuse that you quoted about inflation? That sounds like something that would be very weird for a private employer to say; so I assume you might be in the public sector, or something with very highly regulated wages?

3 ms·

>The economic doomerism is basically chattering class bullshit I'm skeptical that you go from the lowest rates in history, over the longest period in history,

by itsoktocry 3y ago

alephnerd 3y ago
Average Wages have been growing faster than inflation. [0] You don't feel it in SF/NYC/Boston/Seattle but that's also due to industry skew, and you absolutely feel the economic change in cities like ATL, Phoenix, Columbus, etc In the tier 1 cities I mentioned, wages are growing much slower than the cost of living, but that isn't true for the rest of the country anymore. [0] - https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ https://www.statista.com/statistics/1351276/wage-growth-vs-i...
- CapitalTntcls 3y ago
  Last years inflation was 10% in my country. I only got 3% raise because having higher raise would "increase inflation". I'm still able to afford my lifestyle but I don't have the same from 4 years ago.
  - alephnerd 3y ago
    > Last years inflation was 10% in my country This is a conversation about America, not your country.
  - lotsofpulp 3y ago
    > I only got 3% raise because having higher raise would "increase inflation". You only got 3% because you were not able or willing to find a buyer to give you more than 3%. Any other reason is just the buyer being polite. Obviously, this works both ways too.
  - eru 3y ago
    Which country is that? And who made that excuse that you quoted about inflation? That sounds like something that would be very weird for a private employer to say; so I assume you might be in the public sector, or something with very highly regulated wages?