Wages are rising. When they are rising slower than inflation you lose byuing power. When they rise faster than inflation your buying power increases. The latter is the case for quite some time already. So now the increase is happening faster even.
“We lose buying power because there is still inflation” is the most idiotic “I neither understand inflation nor economy”-argument in quite some time.
Yes, wages increased by 6% in 2023 already, for a slight increase in real wages while inflation was high. With a lot of the lifting being done by thelast quarter +5,6% wages vs. 3% inflation. For the first quarter of 2024 it’s +6,4% wages vs. 2,5%… oh, and the usually focused group of low earners is at the top with +8,8%.
Now we are down too 2% inflation… and you still pretend this actual target number aimed for is still rising faster than wage growth.
The last time real wages sunk was in 2022, so we had 1½ years of increased inflation adjused wages already, with inflation still going down.
Wages are rising. When they are rising slower than inflation you lose byuing power. When they rise faster than inflation your buying power increases. The latter is the case for quite some time already. So now the increase is happening faster even.
“We lose buying power because there is still inflation” is the most idiotic “I neither understand inflation nor economy”-argument in quite some time.
Sorry but wages are not rising above inflation.
Yes, wages increased by 6% in 2023 already, for a slight increase in real wages while inflation was high. With a lot of the lifting being done by thelast quarter +5,6% wages vs. 3% inflation. For the first quarter of 2024 it’s +6,4% wages vs. 2,5%… oh, and the usually focused group of low earners is at the top with +8,8%.
Now we are down too 2% inflation… and you still pretend this actual target number aimed for is still rising faster than wage growth.
The last time real wages sunk was in 2022, so we had 1½ years of increased inflation adjused wages already, with inflation still going down.