Row 71808

Row ID: 71808 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 71808 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

An important thing to note with regard to wages is simply outpacing inflation dos not mean much if the starting and ending wage are both functionally poverty or near poverty. I live in Wisconsin and the living wage for a childless individual is $20/hr. (See https://livingwage.mit.edu/states/55) Going from $8 to $16/hr would vastly outpace inflation, but leave the individual at 3/4 of a living wage still. When combined with the massive increase in rent costs, wages outpacing inflation are not being felt that way by people who weren't already making good money. Sure the paycheck is bigger, but if bills and rent are higher too there isn't extra really being had by the workers, and no real reason to feel that economically things are going well.

FieldValue
text An important thing to note with regard to wages is simply outpacing inflation dos not mean much if the starting and ending wage are both functionally poverty or near poverty. I live in Wisconsin and the living wage for a childless individual is $20/hr. (See https://livingwage.mit.edu/states/55) Going from $8 to $16/hr would vastly outpace inflation, but leave the individual at 3/4 of a living wage still. When combined with the massive increase in rent costs, wages outpacing inflation are not be…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "An important thing to note with regard to wages is simply outpacing inflation dos not mean much if the starting and ending wage are both functionally poverty or near poverty. I live in Wisconsin and the living wage for a childless individual is $20/hr. (See  https://livingwage.mit.edu/states/55) Going from $8 to $16/hr would vastly outpace inflation, but leave the individual at 3/4 of a living wage still. When combined with the massive increase in rent costs, wages outpacing inflation are not being felt that way by people who weren't already making good money. Sure the paycheck is bigger, but if bills and rent are higher too there isn't extra really being had by the workers, and no real reason to feel that economically things are going well.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1mTEttRk9DS1BvTTJOVW9YdUtZcGU3aGNPMGx2MDlTLUxoN0FQNVQ5dzAzVl9VMGlUcHQzLTUxY05wZ1UtTmx5NEl2UDhjSHUzamk1bVdTY3paTzloTWlmNFd3X1h4UTlXZWd1QTEzeUJycHc9",
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}
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