That’s not the news you want it to be. First of all I’ve seen this breathlessly reported several times with bad data. The revised data comes out and repeatedly gives inflation the win. Second, even if we did come out as a wash this year, there’s still a 10 percent gap just between wages and Inflation in just the last few years. And a ~130 point gap since the mid 1970’s. So put the party hats down, we still have work to do.
Well, it is great that we have the good people of Lemmy to correct the economists from the Bureau of Labor Statistics and the banks then. Wouldn’t want fake news.
They must have a lot of savings
You realize that inflation not only tends to exceed raises, raises go into effect on a typically yearly schedule while inflation does not, yes?
Do I look like I know basic economics?
No.
https://www.axios.com/2024/02/05/wages-outpacing-inflation
That’s not the news you want it to be. First of all I’ve seen this breathlessly reported several times with bad data. The revised data comes out and repeatedly gives inflation the win. Second, even if we did come out as a wash this year, there’s still a 10 percent gap just between wages and Inflation in just the last few years. And a ~130 point gap since the mid 1970’s. So put the party hats down, we still have work to do.
Well, it is great that we have the good people of Lemmy to correct the economists from the Bureau of Labor Statistics and the banks then. Wouldn’t want fake news.
You didn’t read my comment then. It’s the journalists reading the data they want rather than the actual data.