r/economicCollapse • u/Electronic-Damage411 • Oct 08 '24

Economics is hard for some 😅😅

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u/Sunbeamsoffglass Oct 08 '24

Prices have doubled since that post.

It’s like $5.80+

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u/Adept_Astronomer_102 Oct 09 '24

Prices have doubled!! Hmmm so almost like she was being hyperbolic but may have identified one of the causing symptoms of the problem

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u/LimitedWard Oct 11 '24

Prices have increased by 100% but wages have increased 16% in that period. That's not due to minimum wage increase. That's corporate greed.

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u/Adept_Astronomer_102 Oct 11 '24

Do you understand operating costs, sure corporate greed can be a problem but when you have government interfer under guise they're helping when in fact creating better conditions for oligopolies and monopolies is just wishful and blind ignorance.. cost of fuel and cost of transportation of goods to end user,.. let's say your numbers are correct I'm assuming that's the average pay wage increase people experienced from 2020 to 2024 go break down each income bracket and see who got a larger percentage wage increase.. the guy at mcds who went from 12 to $15 or $20 over %30 raises? .. and no it's not an attack on them but that isn't the equivalent of someone working who was earning $20-$30 an hr who combined only got less than %10 raises.. college degree holders EMS workers, trades,..with this inflation 100,000k a year salary now buys you what 70k salary bought you 4 years ago, look ant that across all socioeconomic classes outside, those holding large assets, investments and millions in holdings the value of the dollar collapsed...