- cross-posted to:
- nyt_gift_articles@sopuli.xyz
- cross-posted to:
- nyt_gift_articles@sopuli.xyz
Price increases have slowed, but getting used to new price levels could take time for consumers.
Price increases have slowed, but getting used to new price levels could take time for consumers.
Wages weren’t stagnant though.
The key thing is that right now, wages are rising at about 4% per year, while prices are rising at about 3% per year. That’s a good place to be.
I suppose you have a point, i may be confused with minimum wage, and my personal experience. The price hike on all goods seems to be independent from median wage
Yes, the federal minimum wage hasn’t risen; that’s static and requires an act of congress to change. What happened is that the pandemic also gave a lot of people negotiating power, so the wages most people earn went up more than prices.