• 0 Posts
  • 21 Comments
Joined 2 years ago
cake
Cake day: June 18th, 2023

help-circle





  • Honestly, I can accept the inflation issue of prices never truly going down, but when seemingly very little is done to help offset them you start having issues. Add to that most economists loudly broadcasting that the economy is reaching new highs while a lot of middle class households have to pay more of their earnings on housing and food, and you are just sowing a lot of discontent. That is largely my issue, as irrational as it might appear at first glance to be angry with an article just saying that inflation has decreased from its highs.


  • Yes, but they don’t even mention the yearly target in the article, just broadly allude to inflation not being an issue anymore, even though it has actively driven prices up significantly for pretty much everything for the last few years. It is absolutely a pain point that is often glossed over when talking about the economy, usually when commenting how good it is.

    As for the job market, I’m in tech. It’s insanely hard to get a job right now, as most places simply aren’t hiring (or worse, put up job ads but have no plan to fill them, as insane as that is). Wages have stagnated for sure, and housing has gone up in price. I haven’t actually seen many high wage growth for a lot of stuff around me either, mostly just adjusting lower end wages so that people can (mostly) afford rent. 2% inflation is better than the last couple of years, but the article linked completely downplayed all of those factors. Which is why I said it was bullshit.








  • While that is a better trajectory, I do kind of have the mildly pessimistic view that a large part of the costs of good going down isn’t truly a positive sign for inflation, but the market forcing prices down due to decreased spending. I’m luckily in a decent position financially (my bills are paid, rent, while not cheap, is paid on time), but the cost of pretty much everything has become so much higher with not much of an increase in earning. If the minimum wage were forced up it would probably help, but idk, every person I’ve talked (in person) about the issue with is pretty negative about the issue.