The reason is that the cost of living in the US has been decoupled from wage inflation for a long time.
These days the government’s inability to regulate industry (due to partisan gridlock) combined with the fact that corporations used the period of high inflation to also hike prices has made it even worse for those who were already living on or close to the margin.
https://archive.ph/4FoJs
The reason is that the cost of living in the US has been decoupled from wage inflation for a long time.
These days the government’s inability to regulate industry (due to partisan gridlock) combined with the fact that corporations used the period of high inflation to also hike prices has made it even worse for those who were already living on or close to the margin.