return2ozma@lemmy.world to News@lemmy.world · 1 month agoExperts say high food prices are here to stay. Here's whywww.cnbc.comexternal-linkmessage-square58fedilinkarrow-up1112cross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
arrow-up1112external-linkExperts say high food prices are here to stay. Here's whywww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 1 month agomessage-square58fedilinkcross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
minus-squaretheonlytruescotsman@sh.itjust.workslinkfedilinkEnglisharrow-up7·1 month agoWages have increased 5.5x what they were in 1950. Housing costs have increased 19x. Wages haven’t kept up, period. Wages are not up nearly 30% since 2020.
minus-squareatzanteol@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 month agoHow are computer costs since 1950? Or air travel? Or the costs of food? You can’t cherry pick a single item like that.
minus-squaretheonlytruescotsman@sh.itjust.workslinkfedilinkEnglisharrow-up3·1 month agoBesides food those other items don’t enter into people’s lives, extreme luxuries don’t matter when you’re spending half your increase me on housing.
Wages have increased 5.5x what they were in 1950. Housing costs have increased 19x.
Wages haven’t kept up, period. Wages are not up nearly 30% since 2020.
How are computer costs since 1950? Or air travel? Or the costs of food?
You can’t cherry pick a single item like that.
Besides food those other items don’t enter into people’s lives, extreme luxuries don’t matter when you’re spending half your increase me on housing.