Wage growth has been outpacing inflation for well over a year now in the us. The issue is that there was a huge spike of inflation during the pandemic and many people have fallen far behind so there is a lot of catching up to do.
Swuden@lemmy.world 1 week ago
I think it’s interesting to see the US prices catching up to prices in my country (Norway). I’ve always looked at US prices and envied them, but now I’m just like “Whey! That’s a normal price!”
EatATaco@lemm.ee 1 week ago
aStonedSanta@lemm.ee 1 week ago
When does this catching up ever happen. Never seen it myself.
EatATaco@lemm.ee 1 week ago
During the period when inflation was real hot, my wife got a 35% pay raise and I got around a 28% pay raise. We beat inflation by a long shot.
Should I recognize that my situation was the representative of the general economy? Or should I say something like “my personal situation reflects the general state of people in the economy” and then argue that wage growth was outpacing inflation?
_tezz@lemmy.world 1 week ago
Pretty sure it’s been going on a while, but unless you’ve changed jobs in the last two years it’s unlikely you feel these effects. Employers dont give raises in line with inflation but they’re sure paying new employees a lot more than they used to.
aStonedSanta@lemm.ee 1 week ago
Yeah. That was my assumption.
piyuv@lemmy.world 1 week ago
lol, except the high prices in your country provide welfare and health benefits to everyone, a safety net for less privileged. High prices in US allow billionaires to buy their 4th yacht
Swuden@lemmy.world 1 week ago
Oh yeah for sure, the situation in the US is something I dread. The fact that the cost of living in the US is near the equal to ours is mind-blowing to me when I read about their average wage level.