Row 45171
Content Data
This page contains data entry 45171 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
If your income goes up 25% and your expenses go up 22% then your increase in income has (slightly more than) covered your increase in expenses. This is true no matter how much you earn.
No one is saying that people making $10 an hour are suddenly rich, or even comfortable. But they did receive a large growth in income which has covered the growth of their expenses.
Which is likely way better than usual. The pandemic recession and recovery is the first time in 40+ years that these low-income folks that you pretend to care about have seen their purchasing power *rise* after a crash in the business cycle. In every previous downturn, policy makers have preferred high unemployment and stagnant or failing wages for the poor and working class in order to keep inflation low for everyone wealthier.
High inflation that your wages keep up with (and that reduces the weight of any outstanding debts) is a better outcome than when inflation is low but your wages grow even less. Or worse, inflation is low but now you have *no* income because you lost your job and cannot find other work.
| Field | Value |
|---|---|
| text | If your income goes up 25% and your expenses go up 22% then your increase in income has (slightly more than) covered your increase in expenses. This is true no matter how much you earn. No one is saying that people making $10 an hour are suddenly rich, or even comfortable. But they did receive a large growth in income which has covered the growth of their expenses. Which is likely way better than usual. The pandemic recession and recovery is the first time in 40+ years that these low-income f… |
| label | r/economics |
| dataType | comment |
| communityName | r/Economics |
| datetime | 2024-05-22 |
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| url_encoded | Z0FBQUFBQm5Lak9lS0hSeFVDb2pod1FTTlZIbXFqUmhydEZhVzdyTFVDOUJES0dZeUJPZjZTNjZ4UlZmYkVPNXFNNFJaT1I1VUpPcUhPdGR6OTFYbWYyRzQ5ZDFWaWllMURnSDA3ejlvYTVwS2k2SkxLTHh5dFBSeG9hckpsYllmbmtGd0x6VElZZUpSTTVFOFZOdi12d0hiUFE2R1FqR21tck5xRUZoMkNCbUFpUS1sVVN3dVF1aVlVVHB3VjRKVXZaaktuRjdLZkVXbWlmOUdQb3dwUm5vOTNvbkY4TjRkUT09 |
Raw Record
{
"text": "If your income goes up 25% and your expenses go up 22% then your increase in income has (slightly more than) covered your increase in expenses. This is true no matter how much you earn. \n\nNo one is saying that people making $10 an hour are suddenly rich, or even comfortable. But they did receive a large growth in income which has covered the growth of their expenses.\n\nWhich is likely way better than usual. The pandemic recession and recovery is the first time in 40+ years that these low-income folks that you pretend to care about have seen their purchasing power *rise* after a crash in the business cycle. In every previous downturn, policy makers have preferred high unemployment and stagnant or failing wages for the poor and working class in order to keep inflation low for everyone wealthier. \n\nHigh inflation that your wages keep up with (and that reduces the weight of any outstanding debts) is a better outcome than when inflation is low but your wages grow even less. Or worse, inflation is low but now you have *no* income because you lost your job and cannot find other work.",
"label": "r/economics",
"dataType": "comment",
"communityName": "r/Economics",
"datetime": "2024-05-22",
"username_encoded": "Z0FBQUFBQm5Lak1QeEFZUUpZWjNDNXduQUlWTDBycTdHMDZGV2dqVk9xVjhnN00tcUtLVlE5UVJwRW0xTHQxczcxZWk0SVdvU0h0dHlzY0xFWC1lT0hYRjcyVTRpSWUyblE9PQ==",
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}
Entry Information
- Entry ID: 45171
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000