return2ozma@lemmy.world to News@lemmy.world · 2 years agoApartment rents are on the verge of declining due to massive new supplywww.cnbc.comexternal-linkmessage-square29fedilinkarrow-up1163arrow-down112
arrow-up1151arrow-down1external-linkApartment rents are on the verge of declining due to massive new supplywww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 2 years agomessage-square29fedilink
minus-squareBertramDitore@lemmy.worldlinkfedilinkEnglisharrow-up5·2 years agoAhh that makes sense. Hadn’t thought about inflation/purchasing power etc. Good point!
minus-squareares35@kbin.sociallinkfedilinkarrow-up10arrow-down1·2 years agothat requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
minus-squarebluGill@kbin.sociallinkfedilinkarrow-up3arrow-down2·2 years agoLong term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up. Even if your pay isn’t matching inflation, it can still go up more than rent
minus-squaremrnotoriousman@kbin.sociallinkfedilinkarrow-up1·2 years agoI hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1·2 years agohttps://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm# Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation
Ahh that makes sense. Hadn’t thought about inflation/purchasing power etc. Good point!
that requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
Long term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up.
Even if your pay isn’t matching inflation, it can still go up more than rent
I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation