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submitted 1 day ago by yogthos@lemmygrad.ml to c/news@hexbear.net
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Cahillane said that the industry has endured years of “volume degradation” because consumers had to absorb “too much price.” Another inflation shock, he warned, is the last thing households need.

I cannot stand corpo cant

According to the Federal Reserve Bank of Minneapolis (9), $100 in 2026 had the same purchasing power as just $11.74 did in 1970.

Fucking grim

[-] barrbaric@hexbear.net 24 points 1 day ago

Oh well I'm sure that salaries also rose by 9x in that time, right?

[-] context@hexbear.net 5 points 21 hours ago

yes, the u.s. national wage index was about $6k in 1970 and about $70k in 2024, which is the last year the social security administration has reported the wage index

[-] infuziSporg@hexbear.net 2 points 5 hours ago

This doesn't seem like a good representation, I think it has capital gains wrapped in.

This source looks like it takes just the wages people are being paid, and it goes from $4.44 an hour in 1979 to $20.03 in 2024.

I remember checking a year or two ago that the median worker earned around $45k, with a bunch of financial sleight-of-hand making up the dofference between this and the per capita GDP.

[-] marxisthayaca@hexbear.net 31 points 1 day ago

I hate this so fucking much. SO FUCKING MUCH.

this post was submitted on 05 Jun 2026
103 points (100.0% liked)

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