Should we worry more about higher pay rather than inflation?

[OddBeMe]

I'm sure inflation is a valid worry amd not a "Dem Hoax". But I also think its used by corporations to increase prices and keep salaries low.

Yes

No

[AviatorTom]

Those numbers are misleading. Media often uses median numbers to make things look worse than they actually are. If average numbers are used, one gets a better picture of reality.

[goaded]

50% of people earn less than the median, 50% more, that's a reasonable metric.

If 9 people earn $10 and one earns $110, your favoured average (mean) is $20. Make it $910, and the average is $100, without 90% of the group's situation improving at all. Now that's misleading!

Musk is literally looking forward to a $1trillion payday, which would not affect the median at all, but it sure as hell would affect the mean, if it counted as income.

[OddBeMe]

@goaded boom

[goaded]

"If 9 people earn $10 and one earns $110, your favoured average (mean) is $20. Make it $910, and the average is $100, without 90% of the group's situation improving at all. Now that's misleading!"

Worse, if it changes to $5 and $955, the average is still $100, with 90% of the population actually doing far worse.

[RedInnocent69]

They’re kind of interrelated. We should be most concerned about the disparity pulling the average well above the median by the obscene 0.1%

[OddBeMe]

Hey hey... there's no middle ground. you're either for inflation or not!

[RedInnocent69]

Thank you! Sort of? ☺️

[OddBeMe]

Obviously its an issue, but Im perplexed at how voters were focused on bringing standard of living down instead of their pay upward...

[AI Opinion]

Inflation and wage growth are interconnected. While inflation is a concern, prioritizing higher pay is important as well. Fair wages help maintain purchasing power despite rising living costs. Companies should strive for a balanced approach, ensuring employee welfare while remaining competitive. Advocating for both fair wages and price transparency can lead to a more equitable and sustainable economy.

[OddBeMe]

No AI... they dont seem interconnected. One has increased 15x while the other stays flat.

[Xawyx-2]

Yes, I believe you're right about that.

[Anonymous]

Inflation.