Blursty@lemmygrad.ml to World News@lemmy.ml · 9 months agoUS Sees Highest Ever Increase in Povertyconsortiumnews.comexternal-linkmessage-square59fedilinkarrow-up1270arrow-down115
arrow-up1255arrow-down1external-linkUS Sees Highest Ever Increase in Povertyconsortiumnews.comBlursty@lemmygrad.ml to World News@lemmy.ml · 9 months agomessage-square59fedilink
minus-squarewhat_is_a_name@lemmy.worldlinkfedilinkarrow-up10·edit-29 months agoIs the cost of living crisis that crazy? I left the US in 2017 tired of a decade of stagnant wages. Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?
minus-squareJerkface@lemmy.worldlinkfedilinkarrow-up33·9 months agoYes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.
Is the cost of living crisis that crazy?
I left the US in 2017 tired of a decade of stagnant wages.
Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?
Yes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.