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@quippy8402
December 12, 2023 at 6:17 pm
It is not just a perception; the wage growth has been basically negative over an extended period of time if one properly takes into the account of inflation, even when it looks nominally positive.
@indianapapi
December 12, 2023 at 7:13 pm
Most raises do not beat inflation, so a person never feels like they are getting ahead. I agree with you.
@mikeshaunnessey9303
December 12, 2023 at 7:33 pm
Pre-pandemic wages have been eroded by the last two years of inflation. So wage earners are still far behind.
@mikeshaunnessey9303
December 12, 2023 at 7:36 pm
Decreasing inflation means prices are still going up, not down. Deflation is prices going down. Take an economics class.