You do realize that inflation is cumulative right?
It’s out of control because some of the stuff we need on a daily basis still costs double what it used to without any real increase in wages for half of America.
I do realize that. Wage growth is also cumulative, and wages have caught up to balance out the current higher prices: https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/#the-job-market-has-cooled-more-than-expected-this-year
That’s only one source from a quick Google, and I assume they’re average numbers, so some people will have less purchasing power than pre-2020.
Okay either you’re not getting it or you’re ignoring it on purpose. If wages in 2023 met inflation, there’s still 2022, 2021, 2020, 2019, 2008, 2009, etc where they didn’t.
Unless wages beat inflation that’s not getting better. And wages beating inflation years later is literally too little too late. Because we finance so much stuff this means years of delayed cars, houses, remodels, tax income (for cities), etc.
That’s not fun on its own, but then to find out companies leveraged the supply crises to keep raising prices long after it was over and caused more inflation by their greed is infuriating. Especially to then hear Democrats try to take a fucking victory lap on it.
Democrats were told all of this back in early spring and ignored it. And now Democrats have lost the election in large part because they never stopped trying to take a victory lap. The country told you it’s still hurting and you’re still here trying to patch up family finances with top line statistics that don’t mean shit.
Except that wage growth, from what I’m seeing, has kept up with inflation. If you find me numbers to say otherwise, I’ll believe you. Until then you’re just stating how you and others feel. My point this whole time is that the feeling doesn’t match up with the numbers.
I get that companies have been price gouging, I get that Democrats needed to push for more policies that make people feel better economically, or at least say dumb lies that make people feel better like Trump does.
