News for hackers. Stuff that matters.
Re:Low interest rates in advanced countries have pushed mone... by mrcode007 on Thursday November 25, 2021 @03:45AM (#29339469)
The implicit point was that the current increases are insufficient to catch up to the value lost due to inflation over the past decade due to compounding effects.

More details:

https://insight.kellogg.northwestern.edu/article/wage-stagna...

Re:Low interest rates in advanced countries have pushed mone... by mrcode007 on Thursday November 25, 2021 @04:05AM (#29339572)
As a side note, during the pandemic, I drove from NYC to SF by car and when being confronted with the non-coastal real America reality, I don’t think a one off 10% wage raise from $20/hr to $22/hr will make a lot of difference to a lot of people who are in a whole lot of serious economic need. As a simple example, the prices of wheat this year increased by more than 50% which translates directly into cost of food.