this post was submitted on 23 May 2024
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Economics
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Yes.
It is also true that wages going up is a good thing even though proportionally that money has less value than it used to.
If you need $1,000 to make rent, and someone gives you $1...
You're better off than if you didn't get that $1.
But if the person who gave you that dollar than starts running around telling everyone how much he helped you by giving you 0.1% of what you need...
Your opinion of that person is going to be less than if they never gave you that dollar.
And chances are if others bring the subject up, you might mention how that didn't really help and you're not sure why people are acting like it makes an actual difference.
Especially in cases like this where the gain in wages is outpaced by inflation...
Anything else you need cleared up?
Perhaps you didn't understand what "real wage gains" means? Because that doesn't track based on the article.
Additionally, I'd be better off owing 999 than 1000, objectively.
I'm sorry. I thought you were legitimately asking for help and not "just asking questions" trying to have a debate.
I have no interest in getting into an argument or what you feel is a "debate". I was just trying to help you understand some things you said you didn't understand.
I just feel like that behavior is dishonest and won't lead to productive discussions.
You:
The article:
Yea, I hear ya.