agent_flounder , 8 months ago

Revealing article. When food prices jump 25% and rent 30%, then wages need to jump similarly to make up the difference or else people can’t afford to eat or live. But wage growth still hasn’t outpaced inflation and won’t until the end of next year. (I don’t know about anyone here but my salary certainly hasn’t caught up to inflation yet. Not even close.)

It is no wonder regular people are going hungry and think the economy is failing them. Because it has. Until more people can afford the absolute basics their perception isn’t going to change.