LogFAQs > #905292536

Balrog0 posted...

FLUFFYGERM posted...

CPI increased by 2.9% over the same time period so inflation is shafting people.

But of course the elites love inflation since it makes their crazy borrowing and spending a little more sustainable by making debt cheaper.

But in any case, these numbers might be meaningless because they take the CPI into account when computing the average. So depending on what sector you work in and what city you live in, you might very well have seen wage increases in the last year. Gotta take these numbers with a grain of salt.

yeah when it says 'real' that's what they mean (accounts for inflation of consumer goods)

there are probably other issues with these numbers besides local variations, which there definitely are, but overall its still not great

edit: to be clear, I am thinking about these in the context of the most recent corporate tax cut - if there were significant wage increases due to that, we would expect these numbers to look different imo

That is assuming that the tax cuts are going to take effect immediately. When in reality companies are afraid to roll out large infrastructure investments/expansion when Democrats are already talking about repealing the tax cuts in just a few years.

The reality is that we are already seeing the labor market become more and more competitive, which should drive up wages in the long run if we can keep the employment rate high.

We have been seeing blue wage workers benefit from this:

https://www.nytimes.com/2018/01/05/business/economy/jobs-report.html

Not necessarily always in wage increases, but in things that do impact earning power - employers paying for their lunches, doing raffles for valuable electronics, increasing wages, etc. Getting a paid-for lunch every day certainly adds up as a substantial benefit over the years.

I'd like for these things to become even more common.
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