@return2ozma to News • 2 months agoExperts say high food prices are here to stay. Here's whywww.cnbc.comexternal-linkmessage-square58arrow-up1112arrow-down121cross-posted to: aboringdystopiaeconomy
arrow-up191arrow-down1external-linkExperts say high food prices are here to stay. Here's whywww.cnbc.com@return2ozma to News • 2 months agomessage-square58cross-posted to: aboringdystopiaeconomy
minus-square@VeedemlinkEnglish7•2 months 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-3•2 months agoOf course it’s complex. Markets and wages don’t react instantly. But “generally speaking” wages do catch up.
minus-square@[email protected]linkfedilinkEnglish1•2 months agoThey haven’t for the last 70 years. You make less than you’re grand parents.
minus-square@[email protected]linkfedilinkEnglish-2•2 months 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.