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Looking at the chart it's pretty obvious that wages aren't pegged to inflation in any way. You will always be paid based on the conditions of the labor market, not the price of an arbitrary basket of goods.

Heck you can see that wage growth outpaced inflation in ~10 of the last 12 years. Isn't that a good thing?




That's a good thing. But it would have been better if wages kept up with productivity growth too, which they haven't.


the productivity growth required capital investments (either as upfront research/development, or as capital expenditure on plant and equipment). The owners of this capital require a return on such an investment, and thus, they get first dibs on the excess productivity (aka, profit).


Capital they "created" off the backs of workers


In general, prices are not pegged to inflation. Inflation is a change in the price level, but prices also change for reasons that have nothing to do with changes in the price level, e.g. in the case of wages, the supply and demand for labour.


Prices also change due to manipulation.

In 1998 Alan Greenspan testified to Congress that central banks lease paper gold to suppress the gold price. '... central banks stand ready to lease gold in increasing quantities ...' https://www.federalreserve.gov/boarddocs/testimony/1998/1998...

It is law that Treasury is allowed to secretly manipulate prices of cuurencies, stocks, bonds, and commodities. https://home.treasury.gov/policy-issues/international/exchan...

It's rigged and the chance of the insiders not trading for their own personal accounts is approximately zero.

Occasionally the commoners get a few scraps like WSB on gamestonk in early 2021.


growth of what? Purchase of shoddy goods that are made by countries that imprison minorities and political dissidents and force them to work for state-run companies?




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