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by derangedHorse
822 days ago
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> real wages rose during the 2% inflation period There is no consistent "2%" inflation period. If a year were to have 6.5% inflation (like with year 2022-2023), most firms will not raise real wages to match it. Over the last decade we've had a 2.82% average inflation rate with 4.41% variance showing how much we overshot both metrics. source: https://www.usinflationcalculator.com/inflation/consumer-pri... |
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