Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
BlackHatCoiner
on 08/10/2023, 13:51:04 UTC
and mcdonald's employees will be making? $500 per hour at the very least.
If you aren't convinced yet that wages don't incline in the same rate as with cost of living, then I don't know what to say. Sure, wages have increased slightly. In my country, minimum wage is 780 EUR as of 2023. A decade ago it was 586 EUR. But. let's have a look on inflation: https://tradingeconomics.com/greece/core-inflation-rate. Surprisingly, in 2013 it was an all time low since 2010 (at -4%!!!). Right now, we're experiencing a market that has went into two years of serious inflation rates. 

- Let's have a look on food inflation: https://tradingeconomics.com/greece/food-inflation. Yep, 10% increase comparably to last year.
- How about CPI transportation: https://tradingeconomics.com/greece/cpi-transportation. I guess we're heading in an all time high there.
- Housing: https://tradingeconomics.com/greece/housing-index. It's nearly linear since 2020. I'm looking forward to know when we'll reach the ceiling there.

But, yeah. 200 EUR extra income can cover all that. Kudos to the governments.  Roll Eyes