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They have given us fuck all for raises during a period of rampant inflation and now they want to take away the one good thing that covid-19 did for workers.
by dfrey 2y ago
They have given us fuck all for raises during a period of rampant inflation and now they want to take away the one good thing that covid-19 did for workers.
- taylodl 2y agoA period of rampant corporate profits
- phone8675309 2y agoNever forget this - if this were "real" inflation and not corporate fuckery then their profits would be down.
- gonzoflip 2y agoIf it is just corporate profits the state and county sure piled on by increasing my property taxes 40% over the past 3 years. That's an extra $300 a month for me which is more than my car payment. edit: changed country to county
- skywhopper 2y agoDid the value of your property also increase over that time period?
- gonzoflip 2y agoyeah, almost entirely due to inflation, it isn't like I improved my home.
- SoftTalker 2y agoSo the assessor says. But what does that have to do with how much tax reveneue the local government needs to operate?
- prewett 2y agoIn a real inflation, why would profits be down? If the company has any pricing power, they just increase the price. In fact, the definition of inflation is prices increases.
- PaulDavisThe1st 2y agoMedian incomes have outpaced inflation over the last several years. https://www.axios.com/2024/02/05/wages-outpacing-inflation https://www.axios.com/2024/02/05/wages-outpacing-inflation
- betaby 2y agoAnd at the same time people struggle to pay rent. Official inflation numbers doesn't correlate how 'median' earner spends its salary.
- PaulDavisThe1st 2y agoHousing costs are not included in measures of inflation. While they have gone up (almost certainly faster than inflation), they are not part of the inflation numbers that we hear in the news.
- JumpCrisscross 2y ago> Housing costs are not included in measures of inflation Yes, they are [1][2]. [1] https://www.bea.gov/sites/default/files/methodologies/RIPfactsheet.pdf https://www.bea.gov/sites/default/files/methodologies/RIPfac... [2] https://www.brookings.edu/articles/how-does-the-consumer-price-index-account-for-the-cost-of-housing/ https://www.brookings.edu/articles/how-does-the-consumer-pri...
- PaulDavisThe1st 2y agoMy apologies, home ownership costs are not included in inflation measures. But I was wrong and you're correct: rents are. Which actually makes my point even more clearly: yes, there are a lot of anecdotes about not being able to make the rent, but these are not supported by the statistics for inflation and median income. Doesn't mean that they are wrong, but makes it more likely that there are other reasons for the proliferation of these stories.
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- hadlock 2y agoI'm not sure if you got the memo, but you need to jump jobs if you want more money. This goes triple if you're not a top 5% worker. BLS has been tracking this number and it has skyrocketed in the last generation (Number of Jobs Held in a Lifetime): https://www.bls.gov/nls/questions-and-answers.htm https://www.bls.gov/nls/questions-and-answers.htm
- lcnPylGDnU4H9OF 2y agoI must be missing something. https://www.bls.gov/news.release/pdf/nlsoy.pdf https://www.bls.gov/news.release/pdf/nlsoy.pdf ("young baby boomers" age 18-56, years 1978-2020) https://www.bls.gov/news.release/pdf/nlsyth.pdf https://www.bls.gov/news.release/pdf/nlsyth.pdf ("older millenials" age 18-36, years 1998-2021) The "Chart 1" in both of those seems to be almost the same logarithm and the 18-56 "baby boomer" chart at age 36 appears to be roughly the same number of jobs. It might even be slightly higher in the baby boomer chart at age 36.