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purchasing power takes into account expenses as well. Even if "income has kept up with inflation", it means little if your rent and groceries skyrocted and you
by johnnyanmac 2y ago
purchasing power takes into account expenses as well. Even if "income has kept up with inflation", it means little if your rent and groceries skyrocted and you had little/no raises in the meantime.
- TaupeRanger 2y agoWho are you arguing against? The link I posted literally compares wages with the Consumer Price Index which INCLUDES rent and groceries, and finds that they have been increasing in tandem and the difference is mostly flat. I have no idea what you're trying to say.
- johnnyanmac 2y agoThe charts point of reference is saying "it got better since the pandemic". Neat, I guess? Im arguing about your dismissal of "purchasing power". But you seem to not realize that and rely on charts and not the world aroind you. Given recent news, it's not like data from November matters anyway.