Current Events > wages haven't kept up with inflation

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Beveren_Rabbit
05/18/23 5:58:16 PM
#1:


wages haven't kept up with inflation



https://i.imgur.com/EmNJ3dQ.mp4

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ffmasterjose
05/18/23 6:00:13 PM
#2:


Mine certainly haven't at least.
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Questionmarktarius
05/18/23 6:00:19 PM
#3:


Stagflation is the rule, not the exception - at least in modern times.
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Accolon
05/18/23 6:01:06 PM
#4:


If minimum wage had kept up with inflation and productivity, it would be somewhere around $26 now.

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GameGodOfAll
05/18/23 6:01:08 PM
#5:


No shit. Next you're gonna tell me all the price hikes due to shortages are bullshit.

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Agonized_rufous
05/18/23 6:33:20 PM
#6:


It hasn't and economists say its better for inflation if they don't and so the companies go against their better judgement and don't give raises

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TaylorHeinicke
05/18/23 6:33:59 PM
#7:


Shocked pikachu?

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CervusCanadensi
05/18/23 6:34:27 PM
#8:


No shit that's why I change job/ position/ field every 2 years and am on track to buying a house
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g980
05/18/23 7:45:56 PM
#9:


Accolon posted...
If minimum wage had kept up with inflation and productivity, it would be somewhere around $26 now.


This is such a poorly thought out talking point

Taking the average of productivity gains across all jobs and saying it applies equally to all professions makes no sense

Janitors arent cleaning 4x as fast as in the 70s

Anyways yes, wage growth contributes to the inflation spiral

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FolkenRawr
05/18/23 7:46:41 PM
#10:


GameGodOfAll posted...
No shit. Next you're gonna tell me all the price hikes due to shortages are bullshit.


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#11
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BewmHedshot
05/18/23 7:48:20 PM
#12:


My inflation-adjusted salary has doubled in the last ten years.
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Accolon
05/18/23 7:52:13 PM
#13:


g980 posted...
This is such a poorly thought out talking point

Taking the average of productivity gains across all jobs and saying it applies equally to all professions makes no sense

Janitors arent cleaning 4x as fast as in the 70s

Anyways yes, wage growth contributes to the inflation spiral

The point is, increases in productivity only really benefit those at the top, not the average worker.

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