3 ms·
Inflation has been a killer. Someone I know wants to move out, but her old apartment went from $750/mo to $1250/mo in just a few years. That’s almost double. It
by sillysaurusx 3y ago
Inflation has been a killer. Someone I know wants to move out, but her old apartment went from $750/mo to $1250/mo in just a few years. That’s almost double. It might sound like an outlier, but I’m not sure there’s even anything sub-$1k anymore, and this is Missouri we’re talking about.
As for the rest of the country, $200k is the new $100k. It’s kind of shocking because I remember a coworker telling me how sweet it felt to earn $100k as a 23yo. That was back in 2008, and he was talking about five years prior to that, so 2003ish.
Grocery prices have also gone up substantially. $300 per trip isn’t unusual, and I remember it being around $200 max just over a year ago. I don’t think our spending habits changed much.
Employees should probably band together and force the market upwards. I’ve done a lot of thinking about whether to embrace the invisible hand of capitalism, and I’ve wondered whether unionization does work. It doesn’t seem to have massive downsides. And what other choice is there when your salary doesn’t match inflation? Go somewhere else? Well, that works for programmers, but the vast majority of the country aren’t.
Things will only get worse when AI does start mowing down jobs. I don’t think we’re close to that yet, but it’s one of those inevitabilities that we should try to plan for.
- colonwqbang 3y agoCapitalism may be the cause of some problems, but not inflation. Inflation isn't caused by free markets or the invisible hand, but by public policy and an oversupply of money being created by the state.