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submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] bluGill@kbin.social 2 points 2 years ago

Typically you see relative to inflation. While your rent doesn't go down, because of inflation you are probably making more money and so your real rent goes down. In some cases you rent can even go up, yet relative to inflation it goes down.

[-] Alto@kbin.social 11 points 2 years ago

because of inflation you are probably making more money

Sure, Jan

[-] BertramDitore@lemmy.world 5 points 2 years ago

Ahh that makes sense. Hadn't thought about inflation/purchasing power etc. Good point!

[-] ares35@kbin.social 9 points 2 years ago

that requires paychecks to keep pace with inflation. which alternate universe are you in where that's the case?

[-] iopq@lemmy.world 1 points 2 years ago

https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#

Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation

[-] bluGill@kbin.social 1 points 2 years ago

Long term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up.

Even if your pay isn't matching inflation, it can still go up more than rent

[-] mrnotoriousman@kbin.social 1 points 2 years ago

I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.

this post was submitted on 08 Sep 2023
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