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slopinthebag • today at 12:51 AM • 1 reply • view on HN

i don't think this is really true. people don't complain about an abstract concept of inflation, they complain that they can no longer afford things they once could. if wages really did practically increase by 5%, they could afford more things and have more money left over at the end of the month, and that is what they would notice.

politicians can't really affect wages the same way they can temporarily and artificially lower prices. but they also understand they need inflation to get elected, since you generally win elections by what you promise, not what you don't promise.


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fnordpiglet • today at 4:46 AM

What they would notice is their entire net worth decreased significantly and their marginal income increased slightly. This is not a good deal for anyone with any savings.

Inflation especially impacts people older in life, who tend to be people who are more likely to vote and contribute to campaigns.

Lowering prices is of course more noticeable because you receive a raise once every long period, but pay higher prices (or lower) constantly and it’s very visible.

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