• what_is_a_name@lemmy.world
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    1 year ago

    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?

    • Jerkface@lemmy.world
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      1 year ago

      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.