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Joined 1 year ago
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Cake day: June 13th, 2023

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  • By everyone, I think you mean at the lower end of the pay Spectrum. Minimum wage hasn’t kept up for the past 30 years, but as you climb higher, the pay has certainly skyrocketed. And it’s these people that drive up the cost of housing. If everyone was being paid like shit, house prices wouldn’t have skyrocketed.

    In 1980, a person making minimum wage could afford a house and a CEO coukd afford 5 houses. Today, minimum wage makers can afford 0 houses, while the CEO can afford 20. On average, house buying capacity has gone up Imo. It’s just the split that fucks over the poor people.


  • Overall I feel that’s their idea. Aggressive rate hikes in quick succession slows down the red hot economy quickly, but also creates an air of uncertainty. This causes corporations to panic and start thinking about pausing promotions and even begin layoffs. And we all know, the best way to reduce inflation and slow down an economy is to have more unemployed and poor people. The government knows that as long as companies keep paying people a lot of money, people gonna a keep buying shit.