• Queen HawlSera@lemm.ee
    link
    fedilink
    English
    arrow-up
    15
    ·
    2 months ago

    Actually they’re not wrong, wages were not increased to keep up with inflation so stopping it alone wasn’t enough.

      • raoul@lemmy.sdf.org
        link
        fedilink
        arrow-up
        1
        ·
        2 months ago

        I think the problem is that inflation does not impact the poorest population the same:

        The CPI weighting is based on an average consumer, the poorest people will have more sensibility to price change for things like food or rent.

        Rent and food prices increase in total by 20-25% in 4 years. If you were already tight at the beginning of the Biden presidency, you’re now have a high chance of being homeless.