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U.S. wage growth is getting wiped out by inflation (latimes.com)
26 points by patagonia on Aug 11, 2018 | hide | past | favorite | 1 comment



This is why the World Bank can claim to have lifted the poorest who earn $1 a day above this limit, wage inflation gives these people $2 a day, but the cost of living has increased to $3 a day, so they are now worse off despite the headline claim to having being lifted out of the $1 a day poverty. For thousands of years clever people have been manipulating stupid people.




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