Row 88966
Content Data
This page contains data entry 88966 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
> You don’t have the highest cost of living adjustment in 40 years and have the highest buying power with those dollars at the same time.
If wages are outpacing inflation, then yes, you do. That’s the whole point of the chart I linked.
Think of it this way: in year 1, it costs an average person $1000 per week to meet their needs, and they make $1200 per week. In year 2, it costs an average person $2000 per week to meet their needs, but now they make $2800 per week.
In this oversimplified scenario, the inflation and COLA would be 100%, but because wages outpaced inflation, the average person has more buying power with their wages.
What’s happening now is just a less extreme version of the hypothetical I described.
| Field | Value |
|---|---|
| text | > You don’t have the highest cost of living adjustment in 40 years and have the highest buying power with those dollars at the same time. If wages are outpacing inflation, then yes, you do. That’s the whole point of the chart I linked. Think of it this way: in year 1, it costs an average person $1000 per week to meet their needs, and they make $1200 per week. In year 2, it costs an average person $2000 per week to meet their needs, but now they make $2800 per week. In this oversimplified scen… |
| label | r/economics |
| dataType | comment |
| communityName | r/Economics |
| datetime | 2024-05-25 |
| username_encoded | Z0FBQUFBQm5Lak1xVGxqS2ZJM1ktb3BDc21yT1owbDZrWUxSYmN5VkRYNkJXYVNfSm92MjJPVkdRaWx1SUJkdTIzX21kWmh3cGtBU0ZXeVFLdkRaYTJnUnowRzN4a1Yyam45UFM3QmY0N3ZYazR2QkV3SE55U009 |
| url_encoded | Z0FBQUFBQm5Lak84c3lCMEJXbVNmbk9WZ2YwT3dqSWdHckZpV29zOWJjVTJQT003UU4zV2pEX1Z2LWQwZk5mNFJUMnFfMENzTFJJZWFxa2FqdXlEdi1obk44bC00bkU2RE9nWVRQNU15NGNVanFRQzdVVmplU1BwUGhIdl9aSGF0S3AtNXh6WHNXNU13MVl6MWFnNklHVGx2ZnJrMjV4b1dSV1Y4Tm5Ebkh5VV8zQnhCRy1PbVU4amdQTlpfdWhTNzdGdmZpRjJrRDRncDVXVUF3WG1haTkxQlVzdmxLaDRDQT09 |
Raw Record
{
"text": "> You don’t have the highest cost of living adjustment in 40 years and have the highest buying power with those dollars at the same time.\n\nIf wages are outpacing inflation, then yes, you do. That’s the whole point of the chart I linked.\n\nThink of it this way: in year 1, it costs an average person $1000 per week to meet their needs, and they make $1200 per week. In year 2, it costs an average person $2000 per week to meet their needs, but now they make $2800 per week.\n\nIn this oversimplified scenario, the inflation and COLA would be 100%, but because wages outpaced inflation, the average person has more buying power with their wages.\n\nWhat’s happening now is just a less extreme version of the hypothetical I described.",
"label": "r/economics",
"dataType": "comment",
"communityName": "r/Economics",
"datetime": "2024-05-25",
"username_encoded": "Z0FBQUFBQm5Lak1xVGxqS2ZJM1ktb3BDc21yT1owbDZrWUxSYmN5VkRYNkJXYVNfSm92MjJPVkdRaWx1SUJkdTIzX21kWmh3cGtBU0ZXeVFLdkRaYTJnUnowRzN4a1Yyam45UFM3QmY0N3ZYazR2QkV3SE55U009",
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}
Entry Information
- Entry ID: 88966
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000