@return2ozma to News • 3 days agoExperts say high food prices are here to stay. Here's whywww.cnbc.comexternal-linkmessage-square58arrow-up1111arrow-down121cross-posted to: aboringdystopiaeconomy
arrow-up190arrow-down1external-linkExperts say high food prices are here to stay. Here's whywww.cnbc.com@return2ozma to News • 3 days agomessage-square58cross-posted to: aboringdystopiaeconomy
minus-square@VeedemlinkEnglish7•3 days agoThe story on wages is more complex. They have gone up, but have been outpaced by inflation. The pandemic throws a wrench in measuring things, though, and gives both sides of the argument valid data to work with. https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/
minus-square@[email protected]linkfedilinkEnglish-2•3 days agoOf course it’s complex. Markets and wages don’t react instantly. But “generally speaking” wages do catch up.
minus-square@[email protected]linkfedilinkEnglish1•3 days agoThey haven’t for the last 70 years. You make less than you’re grand parents.
minus-square@[email protected]linkfedilinkEnglish-1•3 days agoThis is so simplified it’s basically a lie.
The story on wages is more complex. They have gone up, but have been outpaced by inflation. The pandemic throws a wrench in measuring things, though, and gives both sides of the argument valid data to work with.
https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/
Of course it’s complex. Markets and wages don’t react instantly. But “generally speaking” wages do catch up.
They haven’t for the last 70 years. You make less than you’re grand parents.
This is so simplified it’s basically a lie.