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Old 11-02-2018, 06:11 AM
 
Location: Washington state
4,714 posts, read 2,319,400 times
Reputation: 13806

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Quote:
Originally Posted by lieqiang View Post
You're confusing personal rate of inflation with CPI, they are two different things. You're also confusing increases in certain line items with an overall inflation rate, people tend to focus on things that increased, ignoring the percentage of their overall household budget. People also tend to exaggerate.
And zebras are striped. Your point is what again?

Look, you can call it whatever you want and use a slide show and pointer to spell it out if you feel up to it. But when push comes to shove, figures be damned. Wages may be going up, but they're not covering the increases of everyday necessities. That's the be all and end all of it.

When working people have to stand in line at a food bank, they don't give diddly about who calls the economy what. All they want are wages that will pay for a roof over their head and food on the table. When they get an extra $5 in their paychecks and their rents have gone up $100, trust me, they couldn't care less if it's called personal rate of inflation or overall inflation rate or anything else. They just know they don't have as much money as they used to, it's getting harder to pay the bills, and they feel like they're going backwards.
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Old 11-02-2018, 07:58 AM
 
1,472 posts, read 324,905 times
Reputation: 1258
Wow, the SJW's are out in full force in this thread. Another great jobs report this morning along with wage increases.
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Old 11-02-2018, 09:00 AM
 
Location: Tennessee
21,084 posts, read 15,376,596 times
Reputation: 23944
That's all dependent on being highly skilled and ideally in a coastal metro.
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Old 11-02-2018, 09:29 AM
 
7,318 posts, read 8,153,875 times
Reputation: 5409
Quote:
Originally Posted by rodentraiser View Post
And zebras are striped. Your point is what again?

Look, you can call it whatever you want and use a slide show and pointer to spell it out if you feel up to it. But when push comes to shove, figures be damned. Wages may be going up, but they're not covering the increases of everyday necessities. That's the be all and end all of it.

When working people have to stand in line at a food bank, they don't give diddly about who calls the economy what. All they want are wages that will pay for a roof over their head and food on the table. When they get an extra $5 in their paychecks and their rents have gone up $100, trust me, they couldn't care less if it's called personal rate of inflation or overall inflation rate or anything else. They just know they don't have as much money as they used to, it's getting harder to pay the bills, and they feel like they're going backwards.
You've got that backwards. The figures are right boradly. They may not, however, explain your situation well.

There's a geographical component to this that many people miss or discount. Between tax bite + COL metrics $1 is worth far less in NYC, Boston, NOVA, DC, SF, San Jose, LA, Seattle, Portland etc. than Atlanta, Dallas, KCMO, Houston etc.

The cadre of people really getting hammered are those in the bottom couple of income quintiles and some in the third who live in SF, San Jose, NYC and LA in particular. "Real" poverty rates in NY and CA are off the charts.

People at the very bottom of the wage scale are screwed no matter where they go. They are, however, less living in places that cost less to live.

Last edited by EDS_; 11-02-2018 at 09:38 AM..
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Old 11-02-2018, 09:41 AM
 
Location: NE Mississippi
11,449 posts, read 7,448,559 times
Reputation: 17030
Gotta laugh at someone whose water bill increased by 25% - that's 10$ per month - so he claims his salary should increase by 25% - that's 1,000$ per month - to keep up.
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Old 11-02-2018, 12:41 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,483 posts, read 50,784,831 times
Reputation: 28810
Quote:
Originally Posted by Listener2307 View Post
Gotta laugh at someone whose water bill increased by 25% - that's 10$ per month - so he claims his salary should increase by 25% - that's 1,000$ per month - to keep up.
Just bad math. For me the 4.5% pay increase I got this year was offset most by the $1,100 increase in the property taxes on the house. Still, that tax increase took less than 25% of the raise. All of our utility rates went up, as did other things, but not enough to impact the benefits of the raise.
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Old 11-02-2018, 01:26 PM
 
2,401 posts, read 2,126,737 times
Reputation: 2569
Now if only I could pay market rate for healthcare instead of market rate + me subsidizing the poor and/or unhealthy...
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Old 11-02-2018, 02:46 PM
 
4,548 posts, read 11,566,294 times
Reputation: 3069
Quote:
Originally Posted by NYC refugee View Post
I make the same wage I made in 1988. My expenses are not the same as they were in 1988 and I don't get 40 hours a week - no one where I work gets paid for more than 30 hours even if they work 100. The company just keeps a stockpile of "owed" hours and adds them on to a check later where you work fewer than 30 hours. Agree with above poster that my dentist and supermarket and power company don't give a damn about this sad story.

And before the right wingers tell me to get another or a second job, I got an interview for a second job seeing as I worked few hours and the second job couldn't stand my not being available 24/7 during the busy holiday season.
What kind of job is this?
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Old 11-02-2018, 05:17 PM
 
Location: NE Mississippi
11,449 posts, read 7,448,559 times
Reputation: 17030
Quote:
Originally Posted by Hemlock140 View Post
Just bad math. For me the 4.5% pay increase I got this year was offset most by the $1,100 increase in the property taxes on the house. Still, that tax increase took less than 25% of the raise. All of our utility rates went up, as did other things, but not enough to impact the benefits of the raise.
$1,000 increase in property taxes is awful! My condolences.
On the other hand it's nice to see that some people are getting meaningful raises. I guess we all understand that it is meaningful only if it continues for several years; a one-time pay raise slowly becomes meaningless.
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Old 11-02-2018, 07:55 PM
 
Location: Outside US
468 posts, read 205,079 times
Reputation: 567
Quote:
Originally Posted by Hemlock140 View Post
Just bad math. For me the 4.5% pay increase I got this year was offset most by the $1,100 increase in the property taxes on the house. Still, that tax increase took less than 25% of the raise. All of our utility rates went up, as did other things, but not enough to impact the benefits of the raise.
The COL fixed expenses just take and take.

Wages going up is a good thing (although for many they are still behind over the years).


We still have this:

Quote:
Most Americans aren't financially healthy despite booming economy, survey finds
James Rufus Koren


By JAMES RUFUS KOREN
NOV 01, 2018
Most Americans aren't financially healthy despite booming economy, survey finds - Los Angeles Times
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