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Re:Nearly half of American workers don’t earn enough to affo... by finexplained on Thursday August 12, 2021 @07:35PM (#28163148)
> Anyone who didn't get a 20% raise this year lost money

Inflation numbers that just came out measure year-over-year inflation at 5.4%. And last July we had artificially depressed demand during the pandemic.

Re:Nearly half of American workers don’t earn enough to affo... by Grakel on Thursday August 12, 2021 @07:41PM (#28163207)
Inflation statistics are lies. Look at individual metrics in housing and food.
Re:Nearly half of American workers don’t earn enough to affo... by imtringued on Thursday August 12, 2021 @08:26PM (#28163688)
The fact that inflation is going up exactly as much as it should kind of destroys that idea. There are lots of conspiracy theorists that say real inflation is something like 10% per year and the government is suppressing it into a convenient range for the sake of specific policies.

Well, if it were that simple they would simply report another manipulated inflation number and sleep well at night.

Let's assume we accept that there is actually double digit inflation of some sort then what meaning would it have to the economy or monetary policy? Honestly, I'd say it would have zero relevance. Ok, houses went up and now we have to make money scarce and make people unemployed because of that? Building a house creates jobs, selling a house doesn't.

Re:Nearly half of American workers don’t earn enough to affo... by NationalPark on Thursday August 12, 2021 @07:47PM (#28163286)
All food CPI is up 2.1% this year, housing of course is much more but that's what the article is about so where's the lie?
Re:Nearly half of American workers don’t earn enough to affo... by DudeInBasement on Thursday August 12, 2021 @08:02PM (#28163463)
Food items are swapped out for lower cost 'substitutes'. I can't imagine someone cooking those numbers
Re:Nearly half of American workers don’t earn enough to affo... by Grakel on Thursday August 12, 2021 @07:50PM (#28163325)
Prices up 2.1%, I would like to see the average package size change. Shrinkflation is happening to everything on the shelves.
Re:Nearly half of American workers don’t earn enough to affo... by gruez on Thursday August 12, 2021 @07:53PM (#28163366)
package size is factored into inflation.
Re:Nearly half of American workers don’t earn enough to affo... by Overton-Window on Thursday August 12, 2021 @08:04PM (#28163480)
Package constituents are not.
Re:Nearly half of American workers don’t earn enough to affo... by NationalPark on Friday August 13, 2021 @06:56AM (#28167484)
Most of the food items counted are regulated or graded eg beef. So the package constituents are being considered generally.
Re:Nearly half of American workers don’t earn enough to affo... by nate_meurer on Thursday August 12, 2021 @08:48PM (#28163871)
What does that mean? Can you elaborate, or provide an example?
Re:Nearly half of American workers don’t earn enough to affo... by frankbreetz on Thursday August 12, 2021 @07:44PM (#28163254)
Read: cherry pick whichever values are highest to keep the inflation narrative going.
Re:Nearly half of American workers don’t earn enough to affo... by notJim on Thursday August 12, 2021 @08:15PM (#28163582)
The data disagrees with my hypothesis, therefore the data must be wrong.
Re:Nearly half of American workers don’t earn enough to affo... by mbrodersen on Thursday August 12, 2021 @11:35PM (#28165094)
Inflation numbers are politically controlled. Simply look at how much buying power you have today vs. a few years ago and you will get a much more accurate picture of what the reality is.