But not everyone has broken even at this point, and that could be part of the explanation behind the continued pessimism. On average, pay gains have not fully caught up with the jump in prices since the start of the pandemic
Dog it hasn’t caught up with jumps in prices since the 70s lol
What a cursed graph. The price index is on a log scale while income is on a linear scale. Also the average income is already adjusted for inflation, which is incredibly confusing.
Dog it hasn’t caught up with jumps in prices since the 70s lol
Oh they weren’t talking about the covid pandemic, they’re talking about Spanish Flu
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What a cursed graph. The price index is on a log scale while income is on a linear scale. Also the average income is already adjusted for inflation, which is incredibly confusing.
But this process happened much more rapidly since 2020