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by ux-app 3713 days ago

  > "Stagnating" doesn't mean "going down"
inflation means that today's $1 can buy less than yesterday's $1. If your wages are not increasing at least at the rate of inflation then you are steadily getting poorer. After all, 50 years ago you could buy a house in my neighbourhood for about $60k, now it's at about $500k (without any significant changes to demographic/gentrification pushing prices up).
1 comments

Okay now, let's all get on the same page here. Wages are flat in constant dollars.

Yes, we all know how inflation works.