Row 94776

Row ID: 94776 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 94776 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Actually, I think you’re right. It took a while for me to get there, but you saying it’s a lagging indicator clicked for me. Here’s how I was able to reconcile it (using very specific scenarios) under the assumption that income is measured over time and wages are point in time:

To start, I make $120/yr and my expenses are also $120/yr. Then, every year, 10% inflation hits on 1/1 and my 11% raise hits on 12/31. I received $120 for the year, but my expenses were $132. But at 12/31, when looking at my salary, I make $133.20. In theory, I should be $1.20 richer based on wages but in actuality, I’m $12 poorer. My income would eventually catch up, but until then I’m only better off on 12/31 every year.

In the context of the current economy, it makes sense. Real median income has dropped from $78k to $74.6k. While it may be hyperbole to say everyone is struggling to feed their family, it’s completely valid for folks to think, “I used to be able to do X, Y, and Z. Now, I’m only able to do X and Y.” and be frustrated about it. Sure, wages are going up and if these trends continue, I’d eventually be fine, but it’s not fast enough.

Apologies it took this long to get through my thick skull, but thanks for helping my understanding!

FieldValue
text Actually, I think you’re right. It took a while for me to get there, but you saying it’s a lagging indicator clicked for me. Here’s how I was able to reconcile it (using very specific scenarios) under the assumption that income is measured over time and wages are point in time: To start, I make $120/yr and my expenses are also $120/yr. Then, every year, 10% inflation hits on 1/1 and my 11% raise hits on 12/31. I received $120 for the year, but my expenses were $132. But at 12/31, when look…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-25
username_encoded Z0FBQUFBQm5Lak11eFdTZUlEYm5fSUtjWWZrSEdNc3E1OVZjYmVCNXJuRk1fYVRrRERCd0QxN0hvbVQ3SXFHSGlGLU4wbE4yblFCTWFMd0ZFOGJOT2dGaC1GMTlOWVhhNWc9PQ==
url_encoded Z0FBQUFBQm5Lak9fMGkwOUJWaWZYMmoxUzYzWVdab2J5UThqczlLYUJ5bEs3Z1BaZGxHOEFMYV9DU2tvZm01Z25HdXRsOXB0RlJaTzdVa2ZUbjRnMjlYWjVzSWVRN2s2THZhSkpMYy1kT1U4U1RVVUxHZF8xZGVlaGNvT2pXRktTLUxvSUhNM3JBZUdZdGtMOGVCNzdpMmtGWWlEYzIwT21DSVVrY0dJdlNBbmJqbE4xemF5TWxLVzlCdktDT3g4Y1R4UHNBeHVjMDlZTGcwbFp1WlhnS1N6RnE4ajNkZGlrdz09

Raw Record

{
  "text": "Actually, I think you’re right.  It took a while for me to get there, but you saying it’s a lagging indicator clicked for me.  Here’s how I was able to reconcile it (using very specific scenarios) under the assumption that income is measured over time and wages are point in time:\n\nTo start, I make $120/yr and my expenses are also $120/yr.  Then, every year, 10% inflation hits on 1/1 and my 11% raise hits on 12/31.  I received $120 for the year, but my expenses were $132.  But at 12/31, when looking at my salary, I make $133.20.  In theory, I should be $1.20 richer based on wages but in actuality, I’m $12 poorer.  My income would eventually catch up, but until then I’m only better off on 12/31 every year.\n\nIn the context of the current economy, it makes sense.  Real median income has dropped from $78k to $74.6k.  While it may be hyperbole to say everyone is struggling to feed their family, it’s completely valid for folks to think, “I used to be able to do X, Y, and Z.  Now, I’m only able to do X and Y.” and be frustrated about it.  Sure, wages are going up and if these trends continue, I’d eventually be fine, but it’s not fast enough.\n\nApologies it took this long to get through my thick skull, but thanks for helping my understanding!",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-25",
  "username_encoded": "Z0FBQUFBQm5Lak11eFdTZUlEYm5fSUtjWWZrSEdNc3E1OVZjYmVCNXJuRk1fYVRrRERCd0QxN0hvbVQ3SXFHSGlGLU4wbE4yblFCTWFMd0ZFOGJOT2dGaC1GMTlOWVhhNWc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9fMGkwOUJWaWZYMmoxUzYzWVdab2J5UThqczlLYUJ5bEs3Z1BaZGxHOEFMYV9DU2tvZm01Z25HdXRsOXB0RlJaTzdVa2ZUbjRnMjlYWjVzSWVRN2s2THZhSkpMYy1kT1U4U1RVVUxHZF8xZGVlaGNvT2pXRktTLUxvSUhNM3JBZUdZdGtMOGVCNzdpMmtGWWlEYzIwT21DSVVrY0dJdlNBbmJqbE4xemF5TWxLVzlCdktDT3g4Y1R4UHNBeHVjMDlZTGcwbFp1WlhnS1N6RnE4ajNkZGlrdz09"
}
Explore Dataset Explore Row

Entry Information