Please ignore the wild growth of grocery costs. Also I hate how “inflation is only 2% now” but the fucking eggs still cost 2x what they did 3 years ago.
My union got 3% but a bunch of the higher ups got 30+%. Who’s pay is going up too fast?
Boss makes a billion, I make a buck. That’s why I don’t give a fuck.
Yeah i get raises all the time, though all of them are living costs raises.
Do they actually keep up with cost of living tho?
I meant it’s those costs that are raising, my wage don’t.
my last raise was a “cost of living” raise. Inflation is up 10% and 8%? over the past two years and i got a 2% raise to adjust for that… im no mathmagician but …
Yeah, these ghouls are evil. How great that inflation is only at 2% but that doesn’t make the already inflated prices any better.
The only time I have ever got a “raise” in my life was on changing jobs to a hgher position. To be fair, it was a substantial increase, but only because I was grossly underpaid before.
Umm what? this isnt even true for decent corporate jobs. Wtf are they talking about.
they probably excluded all real jobs and just counted CEOs or something. like that krugman(?) chart where he proves that the price of things is fine, while carefully excluding anything actually needed to live, like food and housing.
Economists are for the most part huge frauds. They are the court jesters of the ruling class, except their jokes aren’t funny.
I have met some k-pop style economist fanboys, and one of them said the way to control Pinochet and Friedman Chicago boys would have been through sensible regulations. What do you even say to that?
Okay, obviously the new story is crazy and everybody is talking about that, but can we please talk about how stupid this graph is?
The x-axis is labeled every five years except for starting with 1999 for some reason. It makes sense to stop at 2023 because that’s probably the extent of the data.
But then the years aren’t properly aligned with the tick marks that represent the year?!? And there’s two major tick marks per year on the x-axis?!
And I just can’t tell on my phone screen. But I think the data stops before the last tick mark? which implies too many tick marks… It just doesn’t make any sense.
economist didn’t get paid enough to take math class
Economists are the fucking soothsayers of capitalism, nothing more, just throwing bones before the altar of Mammon.
Eggs? Those are a luxury good. Peasants don’t get eggs.
yeah but bread is also more expensive now
Eat cake then?
Cakes require eggs. which makes is a decadence you are unworthy of.
You will eat the bugs and you will like them.
We already do anyway right? Bugs are in all kinds of processed food, not because they specifically want them there, but because gov’t regulations allow for x amount of bug per gram or whatever.
Also it’s not like the gov’t does any sort of regulation anymore anyway so who knows how much of our food is bugs now.
nominal
Lenin called The Economist “a magazine which speaks for British millionares”
Or could it be that the necessity for growth means that “costs” like keeping your workers alive become increasingly “burdensome.” Anyone notice how the economy has massively grown in every measurement in the last centuries yet it hasn’t become more stable or confident in its own sustainability?
I think growth is tapped out. Most companies have turned purely to rent seeking behavior and chasing down pennies. Eg the Netflix account sharing changes, Adobe licensing, YouTube moving to freemium model, Twitch ad spam, airline “upgrades”. This isn’t behavior you engage in unless your monopoly is tapped out.
Yup, TRPF at its finest. Everyone wants to be a pure parasite because actually doing stuff doesn’t make big bucks anymore.
it’s so wild that I had to look it up, and yup this is real quality gaslighting courtesy of the economist https://www.economist.com/finance-and-economics/2024/01/28/your-pay-is-still-going-up-too-fast
I don’t even know who this article is for. My boss who subscribes and reads this crap didn’t give me a raise, I didn’t receive one, and all the big bourgeois did layoffs. Who tf is getting paid more yoy that they need to gaslight and mald over?
lol right, unless you’re a CEO at a big corp then you’re probably getting a pay cut when accounting for inflation
Nope, I’m working minimum wage since that’s what I could find and they made it clear in the interview that the company doesn’t do raises
fucking hell
Hell even canned food like generic Kroger beans cost damn near 1.5 times what they initially were at two years ago (1.50 or even 1.75 for what was initially a 0.99 cent can).
This isn’t a measure of raises, it’s a measure of average wage. If you want a pay increase, you need to move jobs
If you want a pay increase, you need to move jobs
Poors only have lateral class mobility. You want minimum wage or a buck or two above minimum wage (that is functionally still minimum wage post-tax)? Sure. An actual, tangible pay increase? Good luck.
Powell explicitly stated last year unemployment was too low. Interest rate raises and layoffs have rebuilt the reserve army of labor specifically to suppress your ability to move jobs and seek higher wages, even in the labor aristocrat jobs.
