• mozz@mbin.grits.dev
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    27 days ago

    Pop quiz! What was cumulative inflation for the last 4 years, and what was the change in working class wages?

    Basically what I’m asking is, did people get more poor, or less poor? Were there any specific government actions that led to this outcome?

    • AwkwardLookMonkeyPuppet@lemmy.world
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      27 days ago

      Unfortunately the official inflation number doesn’t represent real world price increases on necessary goods, which often outpace inflation.