Food prices aren’t high; the value of money has fallen - it’s called inflation.
The real problem is wages have not increased so the purchasing power of consumers remains low. So food becomes relatively expensive - consumers have had pay cuts.
Yes, they have. I know it’s a “widely believed fact” here in lemmygrad that “the rich get richer and the poor get poorer” but by any objective measure wages have been around or keeping up with inflation. For 2024 wages beat inflation.They aren’t always lock step so there are times where they drift.
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.
Food prices aren’t high; the value of money has fallen - it’s called inflation.
The real problem is wages have not increased so the purchasing power of consumers remains low. So food becomes relatively expensive - consumers have had pay cuts.
Wages have increased.
Wages have not increased compared to any cost of living increases.
Yes, they have. I know it’s a “widely believed fact” here in lemmygrad that “the rich get richer and the poor get poorer” but by any objective measure wages have been around or keeping up with inflation. For 2024 wages beat inflation.They aren’t always lock step so there are times where they drift.
Wages have increased 5.5x what they were in 1950. Housing costs have increased 19x.
Wages haven’t kept up, period. Wages are not up nearly 30% since 2020.
How are computer costs since 1950? Or air travel? Or the costs of food?
You can’t cherry pick a single item like that.
Besides food those other items don’t enter into people’s lives, extreme luxuries don’t matter when you’re spending half your increase me on housing.
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.