return2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years agoExperts say high food prices are here to stay. Here's whywww.cnbc.comexternal-linkmessage-square56linkfedilinkarrow-up1112arrow-down121cross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
arrow-up191arrow-down1external-linkExperts say high food prices are here to stay. Here's whywww.cnbc.comreturn2ozma@lemmy.worldBanned from community to News@lemmy.world · 2 years agomessage-square56linkfedilinkcross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
minus-squareVeedem@lemmy.worldlinkfedilinkEnglisharrow-up7·2 years agoThe story on wages is more complex. They have gone up, but have been outpaced by inflation. The pandemic throws a wrench in measuring things, though, and gives both sides of the argument valid data to work with. https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/
minus-squareatzanteol@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down5·2 years agoOf course it’s complex. Markets and wages don’t react instantly. But “generally speaking” wages do catch up.
minus-squaretheonlytruescotsman@sh.itjust.worksBannedlinkfedilinkEnglisharrow-up4arrow-down3·2 years agoThey haven’t for the last 70 years. You make less than you’re grand parents.
minus-squareatzanteol@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down4·2 years agoThis is so simplified it’s basically a lie.
The story on wages is more complex. They have gone up, but have been outpaced by inflation. The pandemic throws a wrench in measuring things, though, and gives both sides of the argument valid data to work with.
https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/
Of course it’s complex. Markets and wages don’t react instantly. But “generally speaking” wages do catch up.
They haven’t for the last 70 years. You make less than you’re grand parents.
This is so simplified it’s basically a lie.