Sure, but inflation doesn’t factor in price hikes, for instance medical insurance, drug prices, house prices, rent, collage tuition or new expenditures that didn’t exist 20 years ago. These don’t follow the curve of inflation, they are artificialy inflated which is shown in increased profit margins.
Dude, I’m not complaining I’m giving you examples of things that they don’t account for. Rent is different, you have landlords jacking the price to an extreme, and then you have those who follow the inflation curve. It’s just dishonest.
you are the one misleading people posting graphs with no context, sorry but you are the one who make false assumption based on the graphs you are posting.
I’m not saying I agree with them, but they are the only ones providing actual data. Everyone else, including you, is just attacking and downvoting them. I would be interested in hearing an actual argument, but to accuse them of just “repeating a talking point” while they provide data and you provide nothing but a talking point is ridiculously hypocritical.
Their data is adjusted for family size. Family size has been consistently shrinking since the 1960s, which, if you adjust their graph, will lead to overall decrease in wages throughout time. It is a meaningless method of transformation to get data that supports a false narrative.
Why did you not point out that their data is transformed when I did?
Yeah but it doesn’t tell the whole truth, cost of living has been rising steadily as well.
Cost of living is inflation, which this chart takes into account
Sure, but inflation doesn’t factor in price hikes, for instance medical insurance, drug prices, house prices, rent, collage tuition or new expenditures that didn’t exist 20 years ago. These don’t follow the curve of inflation, they are artificialy inflated which is shown in increased profit margins.
Rent is literally a third of inflation calculation
How do you complain it doesn’t factor it when it’s the biggest contributor?
Dude, I’m not complaining I’m giving you examples of things that they don’t account for. Rent is different, you have landlords jacking the price to an extreme, and then you have those who follow the inflation curve. It’s just dishonest.
That list is wrong because they do account for those things
You were proven wrong by another user, you’ve linked a graph with no sources or explanation.wjatvdo you expect?
No, the inflation literally tracks housing costs. There are valid criticisms, and there’s not knowing what you’re talking about
you are the one misleading people posting graphs with no context, sorry but you are the one who make false assumption based on the graphs you are posting.
The things you say are useless, especially since these are adjusted by household size. Do one that isn’t.
I’m not saying I agree with them, but they are the only ones providing actual data. Everyone else, including you, is just attacking and downvoting them. I would be interested in hearing an actual argument, but to accuse them of just “repeating a talking point” while they provide data and you provide nothing but a talking point is ridiculously hypocritical.
Their data is adjusted for family size. Family size has been consistently shrinking since the 1960s, which, if you adjust their graph, will lead to overall decrease in wages throughout time. It is a meaningless method of transformation to get data that supports a false narrative.
Why did you not point out that their data is transformed when I did?