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> median household income is increasing the fastest it has in 80 years even adjusting for inflation I am not sure about that, inflation was quite high during 2
by MichaelMoser123 3y ago
> median household income is increasing the fastest it has in 80 years even adjusting for inflation
I am not sure about that, inflation was quite high during 2022-2023 and prices didn't go down. It is true that inflation is down right now - as this is an election year; however you still have to pay for current prices with what you get as your current salary.
- ForHackernews 3y agoPsychologically, if prices go up, you think "oh no, inflation!" but when your wages rise concomitantly, you think "I worked hard; I deserve this raise for my great performance" People think about prices in terms of macroeconomic factors, but their own income as the result of individual factors.
- deleted 3y ago[deleted]
- MichaelMoser123 3y agonot sure that everyone is getting a raise this year.
- silverquiet 3y agoAfter a layoff, I'm making less in nominal terms (forget real terms) than I did in 2020. That said, I'm in a much happier position (sadly I think only for the time being) than I was after escaping a private-equity-created misery factory, so that's a plus at least.
- ForHackernews 3y ago^ Case in point: you discuss only your individual situation, not a word of this is about the macroeconomic environment driving your employers' decisions.
- silverquiet 3y agoOh, I think Private Equity is quite in control of a large portion of the macro economy, much to the horror of American workers.