Row 51773

Row ID: 51773 | Dataset Entry | Axioma AXP Content Repository

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On the other hand, housing represents about a third of the "basket of goods" used to calculate inflation, so it should already be included in the calculation of "real wages". They do use the cost of rent as opposed to house prices though.

According to the Bureau of Labor Statistics the cost of shelter is not up by 50%. https://www.brookings.edu/articles/how-does-the-consumer-price-index-account-for-the-cost-of-housing/

According to https://www.nerdwallet.com/article/finance/rental-market-trends rent prices are 31.4% higher than before the pandemic, while according to other sources average wages are 26% higher. So rent has gone up relative to wages, but not by as much as you suggest.

FieldValue
text On the other hand, housing represents about a third of the "basket of goods" used to calculate inflation, so it should already be included in the calculation of "real wages". They do use the cost of rent as opposed to house prices though. According to the Bureau of Labor Statistics the cost of shelter is not up by 50%. https://www.brookings.edu/articles/how-does-the-consumer-price-index-account-for-the-cost-of-housing/ According to https://www.nerdwallet.com/article/finance/rental-market-tren…
label r/politics
dataType comment
communityName r/politics
datetime 2024-05-22
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{
  "text": "On the other hand, housing represents about a third of the \"basket of goods\" used to calculate inflation, so it should already be included in the calculation of \"real wages\".  They do use the cost of rent as opposed to house prices though.\n\nAccording to the Bureau of Labor Statistics the cost of shelter is not up by 50%.\nhttps://www.brookings.edu/articles/how-does-the-consumer-price-index-account-for-the-cost-of-housing/\n\nAccording to https://www.nerdwallet.com/article/finance/rental-market-trends rent prices are 31.4% higher than before the pandemic, while according to other sources average wages are 26% higher.  So rent has gone up relative to wages, but not by as much as you suggest.",
  "label": "r/politics",
  "dataType": "comment",
  "communityName": "r/politics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1UeTRMa1hseTBMOU1wdnNoNmxPbDFuekJ6dVUzNzR5UW10ODJTcW45Q3dUaGVhbFdKUlRudFBXU2IwaGJKNHRISC1NRkdCdzV2MWMtc0RSU3Mzd3VRaEE9PQ==",
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