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A comment on US inflation means families are spending $709 more per month than two years ago. Parent comment

Re:US inflation means families are spending $709 more per mo... by jliptzin on Sunday August 13, 2023 @03:37PM (#37113507)
You’re supposed to be getting raises to keep up with inflation. Inflation means rising cost of everything, including your labor. What is your source of a fixed income? Even social security has cost of living adjustments.

If it’s an annuity, you can get annuities that vary based on changes to the CPI. If you put a lot of money into a fixed annuity years ago, you did not properly hedge interest rate/inflation risk.

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Re:US inflation means families are spending $709 more per mo... by phone8675309 on Sunday August 13, 2023 @03:40PM (#37113546)
What you call "not getting a raise" is what companies called "getting a discount on labor"
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Re:US inflation means families are spending $709 more per mo... by jliptzin on Sunday August 13, 2023 @03:43PM (#37113588)
Which is why laborers need to demand a higher wage to keep up with higher COL, like every other supplier in the economy would.
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