[HN Gopher] Wages are rising, but inflation may have given worke...
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       Wages are rising, but inflation may have given workers a 2% pay cut
        
       Author : paulpauper
       Score  : 20 points
       Date   : 2021-08-02 18:41 UTC (4 hours ago)
        
 (HTM) web link (www.cnbc.com)
 (TXT) w3m dump (www.cnbc.com)
        
       | imtringued wrote:
       | Okay but if wages are stagnating how is that wage price spiral
       | going to start that is going to cause all that long lasting
       | inflation that everyone is talking about?
       | 
       | Apparently the labor shortage isn't enough to drive wages up
       | either.
       | 
       | There are also a bunch of people that will see their benefits get
       | cut in September.
       | 
       | The semiconductor industry is busy building more capacity.
       | 
       | Isn't Bidens infrastructure program aimed at employing workers?
       | Shouldn't that raise wages via full employment?
        
         | cratermoon wrote:
         | > The semiconductor industry is busy building more capacity.
         | 
         | How does that relate?
        
       | kook_throwaway wrote:
       | Just a few short weeks ago, HN was quoting official sources
       | single digit inflation numbers. Everyone that said they were
       | wrong was called many names, most of which included the word
       | 'conspiracy'. For a place that prides itself on robust
       | discussion, opinions here sure seem to mirror the prevailing
       | narrative most of the time.
        
         | klyrs wrote:
         | > HN was quoting official sources
         | 
         | Careful, now. HN is not an entity worth talking about. Stories
         | are submitted by individuals and comments are made by
         | individuals. We vehemently disagree with eachother on all sorts
         | of crap. Please don't expect consistency, accountability from
         | the readers of HN as a whole, because you'll never find it.
        
         | anchpop wrote:
         | > HN was quoting official sources single digit inflation
         | numbers.
         | 
         | The article also quotes single digit inflation numbers. It
         | claims 5.4%, and compares that to nominal wages rising around
         | 3%.
        
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       (page generated 2021-08-02 23:03 UTC)