Over the past year, blue-collar wages rose 3.8 percent while supermarket prices rose 2.7 percent. Over the past two years, wages increased 8.1 percent compared with a 4 percent rise for food. Over 10 years, wages rose 49.5 percent, prices 29.7 percent
Notice how they didn’t mention “blue-collar” anymore for the comparison of the past 2 and 10 years - this is because they use average wages and most wage growths were in the top percentile. This piece got roasted by their own readers https://archive.is/erMlS
Food prices, energy prices, rent/mortgage prices, health care prices, and insurance prices rose. But yeah, tell me how my increased wage covers all that.
Notice how they didn’t mention “blue-collar” anymore for the comparison of the past 2 and 10 years - this is because they use average wages and most wage growths were in the top percentile. This piece got roasted by their own readers https://archive.is/erMlS
Regardless, fuck them for lecturing the BS you and I go through every single day.
focusing on food prices alone is also a tell because everything else has exploded in price way faster, negating the wage gains anyway
Food prices, energy prices, rent/mortgage prices, health care prices, and insurance prices rose. But yeah, tell me how my increased wage covers all that.