Store prices can be adjusted as often as once a week, but wages are generally adjusted only a couple times per year. So it makes sense that wages lag prices.
> This Chart [0] seems to show they at least move in tandem
They should move in tandem at wide granularities. But there's way too much noise in the chart to really be sure of anything from it. CPI is constantly tweaked, so its hard to even give much meaning to how the line moves throughout this chart. And why just hourly earnings here? There's lots of places that look like one leads the other and vice versa, but it may just be noise. There's too many confounding variables.
> Where are banks using inflation to exploit the working class, exactly?
Re:The U.S. government’s failed 1890s attempt to forge unity...
by RC_ITR on Tuesday June 15, 2021 @12:46PM
(#27518004)
I mean, I'm going to throw in the towel at 'the data you show isn't right, but I have no alternative and also here's a different unsourced/somewhat ill-informed comment I made'
* https://www.investopedia.com/terms/s/sticky-wage-theory.asp
Store prices can be adjusted as often as once a week, but wages are generally adjusted only a couple times per year. So it makes sense that wages lag prices.
> This Chart [0] seems to show they at least move in tandem
They should move in tandem at wide granularities. But there's way too much noise in the chart to really be sure of anything from it. CPI is constantly tweaked, so its hard to even give much meaning to how the line moves throughout this chart. And why just hourly earnings here? There's lots of places that look like one leads the other and vice versa, but it may just be noise. There's too many confounding variables.
> Where are banks using inflation to exploit the working class, exactly?
https://news.ycombinator.com/item?id=27476789