sarker
It isn't happening, and if it is, it's a bad thing
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User ID: 636
Changes in average real wages masks the explosion in bottom decile wages during the pandemic. That's a 12% gain in real terms for the bottom decile, 2019-2023.
I don't know why you are linking an average wage analysis from a single month as evidence of anything.
Are you saying inflation was caused by wages increasing instead of the government printing money?
Where did all the money the government printed go?
sarker
It isn't happening, and if it is, it's a bad thing
1d ago
Aren't you the guy who drives at 130mph on the freeway?
Traffic doesn't need to be going at the same speed so long as it isn't in the same place. Not everyone on the Autobahn is going at the same speed, but slow traffic keeps right and everyone goes home at the end of the day.
And you can pack a lot more eggbikes into a lane than cybertrucks, and with a shorter follow distance too.
sarker
It isn't happening, and if it is, it's a bad thing
1d ago
sarker
It isn't happening, and if it is, it's a bad thing
1d ago
It's coupled with increased wages for the <1% of people who work on farms. The other 99% just pay higher prices.
Walk? How much time do you think people have to dedicate to commuting every day?
It would take twice as long for me to walk to my local train station as it does for me to drive to work. Then, it would take me as long again to walk to work from the destination train station.
Taking a bus to the train station takes longer than just biking there.
sarker
It isn't happening, and if it is, it's a bad thing
3d ago
That stop is what I would call "out in the sticks" rather than merely "suburban". The caltrain corridor in the SF bay area is primarily suburban and the lack of grade separation is a nightmare.
In any case, the major cost is not plopping down a station by the side of the road, it's laying the track and running the trains on spur lines that by their nature are going to be highly underutilized (due to the lack of density).
I don't even see this as a counterexample because (if Google maps is to be believed) there's no transit for miles around these lines.
sarker
It isn't happening, and if it is, it's a bad thing
3d ago
Weaving at 130MPH on the interstate when there's cars on the road is antisocial behavior and I sincerely hope you age out of this before you kill someone.
sarker
It isn't happening, and if it is, it's a bad thing
3d ago
Rich countries should have well-functioning public transport in urban centres which is apparently missing in America.
I don't think I've been to a city where public transit didn't have a last mile problem except the very densest parts of tier 1 cities like London, Paris, etc. Busses are almost always slower than cycling on the periphery, and it's cost-prohibitive to have metro stops every mile once you're out of the very center of town. And most people don't live in the very center of town.
Of course, but we all know that poor people have more kids and that poor people are more likely to spend the marginal dollar rather than save it.
I didn't read the article's causal analysis and don't stand by it. I knew from prior reading that wages increased most for those at the bottom of the distribution and grabbed the first article that Google found.
I am skeptical that minimum wage laws make a big difference here given that few positions pay near minimum wage, but I admit I haven't looked closely into this.
People don't like to think about demand-pull inflation or the wage-price spiral for these very reasons, but unfortunately facts apparently don't care about my feelings.
Inflation occurs when aggregate demand outstrips aggregate supply. Covid torpedoed a bunch of supply chains, reducing supply and everyone got helicopter money (and don't forget eviction moratoria and a million other things) that juiced demand. The result is as you see it.
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