I think people in the US have been conditioned to expect low inflation forever, because inflation was concentrated on assets and large expenditures like Health, Education, Housing and so on. It’s cultural inertia, really. Down here we are 30 years removed from a hyperinflation crisis, so even media discourse considers wether or not the minimal wage rises above or according to inflation. We also have all the problems you have, like shrinkflation and lowering quality of foodstuffs. And arguably ours are worse. But the discourse of ‘what happened, I used to be able to buy a penny’ is never done with the implication that inflation itself is simply wrong for existing.
What I’m saying is that the way americans talk about inflation feels dramatic and sheltered. If I didn’t know any better I’d think americans simply have 0 inflation, but I know it’s confined to costs of living which the government doesn’t subsidize. Ie, anything but cars and gas. It’s all very
Homeless population is exploding. I guess in a literal sense, we’re accustomed to being sheltered, but I don’t see what’s dramatic about economic insecurity from stagnant wages and rising prices. “I am genuinely at risk of sleeping under a bridge” seems like a rational fear to me.
Wage growth is totally dogshit but that’s been true for 30 years. This inflation stuff really is fucking crazy. You can barely walk out of a grocery store for less than $60. Everything has gone up damn near 50% in the last two years between prices going up and pirti9ns of literally everything going down.
Yea, i meant, low real wages. If inflation is 10% and wages increase 20% thats still good. but in this case there is no counter to inflation in form of increase in wages.
These people complain about inflation when the real problem is low/stagnant real wages.
I think people in the US have been conditioned to expect low inflation forever, because inflation was concentrated on assets and large expenditures like Health, Education, Housing and so on. It’s cultural inertia, really. Down here we are 30 years removed from a hyperinflation crisis, so even media discourse considers wether or not the minimal wage rises above or according to inflation. We also have all the problems you have, like shrinkflation and lowering quality of foodstuffs. And arguably ours are worse. But the discourse of ‘what happened, I used to be able to buy a penny’ is never done with the implication that inflation itself is simply wrong for existing.
You might be overthinking it. Most people call any increase in price “inflation” and leave it at that.
What I’m saying is that the way americans talk about inflation feels dramatic and sheltered. If I didn’t know any better I’d think americans simply have 0 inflation, but I know it’s confined to costs of living which the government doesn’t subsidize. Ie, anything but cars and gas. It’s all very
Homeless population is exploding. I guess in a literal sense, we’re accustomed to being sheltered, but I don’t see what’s dramatic about economic insecurity from stagnant wages and rising prices. “I am genuinely at risk of sleeping under a bridge” seems like a rational fear to me.
Wage growth is totally dogshit but that’s been true for 30 years. This inflation stuff really is fucking crazy. You can barely walk out of a grocery store for less than $60. Everything has gone up damn near 50% in the last two years between prices going up and pirti9ns of literally everything going down.
Enshitificiation really is in full swing.
Yea, i meant, low real wages. If inflation is 10% and wages increase 20% thats still good. but in this case there is no counter to inflation in form of increase in wages.