kestrel_ [comrade/them] to the_dunk_tank • 4 years agoOh no don't overheat the economyimagemessage-square34 fedilinkarrow-up1117file-text
arrow-up1117imageOh no don't overheat the economykestrel_ [comrade/them] to the_dunk_tank • 4 years agomessage-square34 Commentsfedilinkfile-text
minus-squareKimJongChill [undecided]hexbear2arrow-down1·4 years agoThose things are increasing in price faster than inflation, and wages are stagnant. That’s nothing to do with inflation, that has to do with an increase in the relative price of goods/services to wages. link
minus-squareadultswim_antifa [he/him]hexbear1arrow-down1·4 years agohttps://www.stlouisfed.org/on-the-economy/2016/december/inflation-doesnt-impact-everyone-same But let's not argue semantics please. link
minus-squareKimJongChill [undecided]hexbear1·4 years agoIt’s not semantics. Increase in cost of living relative to wages is a separate and completely unrelated metric to inflation. No shit inflation doesn’t affect everyone the same, it predominantly affects those with large holdings of liquid capital. link
Those things are increasing in price faster than inflation, and wages are stagnant.
That’s nothing to do with inflation, that has to do with an increase in the relative price of goods/services to wages.
https://www.stlouisfed.org/on-the-economy/2016/december/inflation-doesnt-impact-everyone-same
But let's not argue semantics please.
It’s not semantics. Increase in cost of living relative to wages is a separate and completely unrelated metric to inflation.
No shit inflation doesn’t affect everyone the same, it predominantly affects those with large holdings of liquid capital.