alt Hacker NewsI feel like people complain about “food” but it’s a stand-in and that the cumulative increase in rent, transportation and food probably rose faster than wages. So Cato reply “but food hasn’t grown as fast as wages” is a myopic retort (admittedly one they acknowledge) that tries to fight the narrow factual argument ignoring the broader one where the emotional narrative probably remains true.
Also we can probably simplify this bucket even more and just talk about the elephant in the room which is rent/mortgage.
It’s 30 to 50% of most peoples paycheck, it’s really the piece that matters and the one that is most complicated to solve.