Re:New York Times Tech Workers Go on Strike
by pcthrowaway on Monday November 04, 2024 @01:00PM
(#42044257)
> The index is called "Consumer Price Index for All Urban Consumers", not "Consumer Price Index for Young Urban Professionals". Not everyone is a recent graduate who recently moved into a high COL city and paying for a market rate apartment.
The discussion here is about the cost of living difference for tech workers who I assume are clustered around NYC.
$45K in NYC in 2005 is not equivalent to $73K today for most such people. It is likely closer to $100K today, as the above poster said.
The entire "Recreation commodities" category (which includes other stuff like "Sporting goods" and "Pets and pet products") is only weighed at 2%, compared to 13% for food and 37% for shelter. Even if it's down 50% the impact on the overall CPI is negligible.
>assume you only buy new cars (only up ~25% since 2000, but used cars are now almost as expensive as new whereas they used to be available for half the price or less),
???
There's clearly a "Used cars and trucks" category.
>and underweight housing (basically doubled since 2000, worse if you need to move to a HCOL major urban center for employment).
The index is called "Consumer Price Index for All Urban Consumers", not "Consumer Price Index for Young Urban Professionals". Not everyone is a recent graduate who recently moved into a high COL city and paying for a market rate apartment. For every person fitting that criteria, there's probably also a retiree who owns their house and/or lives in a rent controlled apartment.