US economy returned to growth last quarter, expanding 2.6%

Re:US economy returned to growth last quarter, expanding 2.6% by thatguy0900 on Thursday October 27, 2022 @04:22PM (#33363493)

This doesn't make sense. How can cost of groceries be up 30% over a three year period be normal. That would leave everyone starving within a decade, and obviously can't be right. Same with the rent increases.

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Re:US economy returned to growth last quarter, expanding 2.6% by culopatin on Thursday October 27, 2022 @04:51PM (#33363856)

It would not leave everyone starving because salaries go up too, 10% inflation does exist. Argentina deals with 100% yearly inflation and has not blown up yet.

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Re:US economy returned to growth last quarter, expanding 2.6% by thatguy0900 on Thursday October 27, 2022 @05:04PM (#33364022)

Salaries arnt going up that much. McDonald's near me is still offering 12.50. At best the people in these places got a few more dollars an hour

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Re:US economy returned to growth last quarter, expanding 2.6% by culopatin on Thursday October 27, 2022 @05:08PM (#33364069)

I’m not speaking about your particular scenario but about situations where inflation is actually more than 10% over several years. Salaries always lag, but they don’t remain at 0% increase. The post I’m replying to said that if inflation was 10% a year in food, everyone would starve in 10 years, and it’s simply not true.

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