Re:Global real interest rates and the ‘suprasecular’ decline...
by freeone3000 on Thursday January 28, 2021 @09:43PM
(#25953069)
But none of those things have risen at the same rate, or even comparable rates. The increase in childcare has kept up with the average wage increase, but education is hundreds of times more! I don't even know how you'd price medical care, as everyone is effectively charged differently, even for the same service. Housing doesn't track either of those -- purchasing follows literally nothing, renting follows local wage. So what's going on here?
(As a note, local wages have risen less than the government's calculation of inflation, which is primarily food and secondarily consumer goods)
Re:Global real interest rates and the ‘suprasecular’ decline...
by throw0101a on Thursday January 28, 2021 @11:10PM
(#25953787)
> […] but education is hundreds of times more!
You're not wrong, but I ran into an interesting observation: yes the prices for many high-end institutions have gone up, but those are 'list' prices.
How many people pay list? How many people get bursaries and offsets from endowments?
I'd be interested in seeing those stats.
Just because cheap, crappy electronics and egg McMuffins don't appreciate in cost and stay crappy and cheap does NOT mean inflation is low. Anyone can play stupid games where you say inflation is low if you only pick certain goods made by robots or poor people overseas.