@return2ozma to News • 1 year agoApartment rents are on the verge of declining due to massive new supplywww.cnbc.comexternal-linkmessage-square29arrow-up1164arrow-down112
arrow-up1152arrow-down1external-linkApartment rents are on the verge of declining due to massive new supplywww.cnbc.com@return2ozma to News • 1 year agomessage-square29
minus-square@BertramDitorelinkEnglish5•1 year agoAhh that makes sense. Hadn’t thought about inflation/purchasing power etc. Good point!
minus-squareares35linkfedilink9•1 year agothat requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
minus-squarebluGilllinkfedilink1•1 year agoLong term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up. Even if your pay isn’t matching inflation, it can still go up more than rent
minus-squaremrnotoriousmanlinkfedilink1•1 year agoI hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
minus-square@iopqlink1•1 year agohttps://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm# Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation
Ahh that makes sense. Hadn’t thought about inflation/purchasing power etc. Good point!
that requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
Long term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up.
Even if your pay isn’t matching inflation, it can still go up more than rent
I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation