Skimpflation: A reason inflation is worse than the government says it is

Re:Skimpflation: A reason inflation is worse than the govern... by argonaut on Monday November 01, 2021 @02:28AM (#29063607)

If you think inflation was 20% over the past year, that's equivalent to saying someone's salary going from $100k to $119k in a year has resulted in them being poorer. That just doesn't pass the common sense test, IMO.

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Re:Skimpflation: A reason inflation is worse than the govern... by jurassic on Monday November 01, 2021 @02:56AM (#29063758)

You'd actually need to make more like 125k to maintain a 100k standard of living through a 20% inflation event since you're taxed on the "extra" income.

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Re:Skimpflation: A reason inflation is worse than the govern... by imtringued on Monday November 01, 2021 @06:12AM (#29064818)

There is an obvious problem with fixed salary work contracts since the death of unions and bargaining power but come on. Everyone knows you're supposed to switch jobs to get more money by now. It's what the employers implicitly have agreed upon.

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