Hacker News new | past | comments | ask | show | jobs | submit login

You're not wrong, dems aren't wrong, about inflation statistics themselves. But universally, everyone got a massive pay cut from inflation which has not been reversed. I even think people in California making minimum wage, which went up, are still worse off than they were in 2019 since they spend so much of their income on food, housing, cars, all of which shot up. But people in the middle class are arguably way worse off since jobs paying say 100k weren't handing out 40% raises. Aggregate inflation screwed us, and the rate of inflation coming under control doesn't reverse it at all. Tariffs may wildly change things. Best case, it could result in job creation and wage increases here, though none of those jobs would be for college educated Americans, which is why the Left hates tariffs.



Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: