Row 85304

Row ID: 85304 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 85304 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You’re comparing apples to oranges and then multiplying it by bananas.

1. The figure you’re quoting for wages is JUST the month of March 2024. The figure you’re quoting for rent is made up by a clickbait site AND is for 3 years. So that’s apples to oranges part one. 1 month does not equal 3 years.

2. The BLS figure is in REAL DOLLARS meaning it’s above inflation. So it already captures the portion of rent increases and wage earners on aggregate come out above that by .05% in March of this year. This is where you have so badly misconstrued the data that you’ve taken vastly different time periods and compared them on separate $ scales. Rent (again a made up stat in this case) is a nominal increase, and wages are real ie adjusted for inflation.

I get it, not everyone has an economics degree. But that’s why it’s very frustrating when people make shit up and everyone keeps spreading it. There are lots of experts and knowledgeable writers who can explain it. For instance THE PERSON WHO WROTE THIS ARTICLE and very much not the top post.

FieldValue
text You’re comparing apples to oranges and then multiplying it by bananas. 1. The figure you’re quoting for wages is JUST the month of March 2024. The figure you’re quoting for rent is made up by a clickbait site AND is for 3 years. So that’s apples to oranges part one. 1 month does not equal 3 years. 2. The BLS figure is in REAL DOLLARS meaning it’s above inflation. So it already captures the portion of rent increases and wage earners on aggregate come out above that by .05% in March of this ye…
label r/politics
dataType comment
communityName r/politics
datetime 2024-05-24
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Raw Record

{
  "text": "You’re comparing apples to oranges and then multiplying it by bananas. \n\n1. The figure you’re quoting for wages is JUST the month of March 2024. The figure you’re quoting for rent is made up by a clickbait site AND is for 3 years. So that’s apples to oranges part one. 1 month does not equal 3 years. \n\n2. The BLS figure is in REAL DOLLARS meaning it’s above inflation. So it already captures the portion of rent increases and wage earners on aggregate come out above that by .05% in March of this year. This is where you have so badly misconstrued the data that you’ve taken vastly different time periods and compared them on separate $ scales. Rent (again a made up stat in this case) is a nominal increase, and wages are real ie adjusted for inflation. \n\nI get it, not everyone has an economics degree. But that’s why it’s very frustrating when people make shit up and everyone keeps spreading it. There are lots of experts and knowledgeable writers who can explain it. For instance THE PERSON WHO WROTE THIS ARTICLE and very much not the top post.",
  "label": "r/politics",
  "dataType": "comment",
  "communityName": "r/politics",
  "datetime": "2024-05-24",
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  "url_encoded": "Z0FBQUFBQm5Lak81ZFozdGJXbXJUNjQxdlRxU21JUUpMUmlkRVg4Zy10dnpkVnZKM1BxVTRSNE1EM1g4UlFGN2g2bzJIQTN4Q3lHM3hEa216czYta2I0OUVHaW5jd1pCdmtBbnB0Wl9leWVlc2Y1ZW1DZWEtRmNTcW40ZzNxMlNEZDY2RDZyQ0lvTHVfVS0zaVY5NWwwdDZQYkdWRnBiOWtjR3JBSUM2TG1xLWs5MlZtR0lTZnowcjluazFRU2tLSUV6eE8yUXh5Yjlta21kdEZZTXBzenBZTDFnRTQ0cktKUT09"
}
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