Natalia Marques responds to a property developer's recent call for more "pain" in the U.S. economy by highlighting what happened after pandemic-era aid ended.
By Natalia Marques
Peoples Dispatch
Millionaire real estate company head Tim Gurner went viral (not for the first time) for his ba
Is the cost of living crisis that crazy?
I left the US in 2017 tired of a decade of stagnant wages.
Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?
Yes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.