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Johnny2X2X

(23,670 posts)

5. Wage growth

Reply to Tomconroy (Original post)

Fri Dec 15, 2023, 10:53 AM

Dec 2023

So wage growth has exceeded inflation for several months now. But even when inflation was 8%+, wage growth was really high then and blunted much of inflation. If you're making 6% more than last year, but everything costs 8%, yes, it's not a good situation, but it's not like if you were making the same.

Grocery prices over the last 12 mponths are up 1.7% while wagess over that time are up 4.1%, groceries are therefore more affordable now than a year ago.

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Highlight:

Costco finds inflation is at zero; deflation looms. [View all] Tomconroy Dec 2023 OP

My interpretation of this is as follows...Corporate America has raised prices up to the point Ferrets are Cool Dec 2023 #1

Call Me RobinA Dec 2023 #2

you do NOT want deflation. ret5hd Dec 2023 #4

Only If sustained for a long period of time. Tomconroy Dec 2023 #7

once started, deflation is much harder... ret5hd Dec 2023 #8

DU can even find a dark side to lower prices. LOL. Tomconroy Dec 2023 #9

I'm not too worried about deflation happening Zeitghost Dec 2023 #11

In the process of hitting used and now new cars, Tomconroy Dec 2023 #6

Lower fuel costs and the end of supply chain shortages should result in deflation on some items andym Dec 2023 #3

One Of My Pet Peeves ProfessorGAC Dec 2023 #14

Wage growth Johnny2X2X Dec 2023 #5

Wage growth isn't like an automatic COLA increase MichMan Dec 2023 #10

CPI isn't back to 2% inflation from 2019 to now, even if inflation "rate" goes to .00001 the CPI uponit7771 Dec 2023 #12

In economics, I learned deflation could be very bad cally Dec 2023 #13