So it hasn’t gone down in the sense of the actual purchasing power for the average person. Meaning price inflation.
Comment on "I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
SuiXi3D@kbin.social 11 months agoInflation has gone down. Doesn’t mean the prices have. In fact they specifically keep going up, because it seems that literally every business has decided the only thing that matters is how much their CEO is worth.
1847953620@lemmy.world 11 months ago
KinglyWeevil@lemmy.dbzer0.com 11 months ago
When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don’t really effect demand. Especially for inelastic goods like gas or food.