Re:Study shows antibodies against PEG in 83% of the German p...
by jon_richards on Friday October 27, 2023 @04:39PM
(#38043620)
I’ve always assumed the problem is that price increases don’t count as inflation if they come with a “quality” increase, but that doesn’t help someone who now needs to spend more to survive.
So it can both be true that inflation-adjusted wages are rising and it is becoming harder to make ends meet.
A wage that supported a cowboy with two sets of clothes, a house that wouldn’t pass any building codes, a horse instead of a car, and no phone is not going to support a modern worker even if “adjusted” for inflation.
https://fred.stlouisfed.org/series/LES1252881600Q