News for hackers. Stuff that matters.
Re:Google Cuts Jobs in Engineering and Other Divisions by latency-guy2 on Thursday January 11, 2024 @06:27AM (#38950799)
Inflation measures are not across the board, they are aggregates. Similar to how pay at one company and profit is not ever the same even within the same industry or audience, different products have different prices.
Re:Google Cuts Jobs in Engineering and Other Divisions by ptero on Thursday January 11, 2024 @07:08AM (#38951154)
Are you suggesting that while milk might have a price spike, carrots and beef would compensate?

But that's not what happens. What comes down in electronics. If you exclude food, shelter and medicine (things you need to live) the numbers are in line with govt estimates. But most people would bristle at this approach.

Re:Google Cuts Jobs in Engineering and Other Divisions by UncleMeat on Thursday January 11, 2024 @08:33AM (#38951955)
At least in the US, the government publishes overall inflation, inflation less food and energy, and inflation for each major category.

"This item looks different to me", "this category looks different to me", and "this basket looks different to me" are real feelings, but the government isn't straight up lying about inflation measurements.

Re:Google Cuts Jobs in Engineering and Other Divisions by ptero on Thursday January 11, 2024 @10:21AM (#38953394)
> the government isn't straight up lying about inflation measurements

Agreed. The government publishes the methodology and the source data the final numbers are based on are generally publicly available. However, the methodology slowly changes with time. And whatever the rationale is (there is always one that sounds good) its effect is always lowering computed inflation numbers. And lower inflation numbers give government ability to keep printing and spending money -- a dream for most officials.

So while I do not think the government is straight up lying, it is slowly twisting the methodology due to seriously misaligned incentives. My 2c.

Re:Google Cuts Jobs in Engineering and Other Divisions by md_ on Thursday January 11, 2024 @06:45AM (#38950960)
The average male height is 176cm, but I'm 187. LIES I TELL YOU! PURE LIES!

aka, some folks on HN don't know about statistics.

Re:Google Cuts Jobs in Engineering and Other Divisions by pmlnr on Thursday January 11, 2024 @08:16AM (#38951795)
Oh, I understand statistics, that's not what I'm saying: I'm plainly saying that so far, with anything I threw at it, the gov.uk inflation calculator is a plain lie.
Re:Google Cuts Jobs in Engineering and Other Divisions by md_ on Thursday January 11, 2024 @08:22AM (#38951858)
In my experience--which is anecdotal, and thus shouldn't be trusted--nearly any discussion of inflation involves people waving around their untrustworthy anecdotal experience as evidence that the statistics are wrong.
Re:Google Cuts Jobs in Engineering and Other Divisions by zo1 on Thursday January 11, 2024 @07:46AM (#38951494)
It's just a misdirection that hides details with extra steps so we can all just argue with zero concrete steps.

But either way, I've lately become convinced to ignore inflation. The real thing we should be reducing is printing of money, no if buts or maybes.