Chapter
The Slow Erosion of Real Wages
06:36 - 12:33 (05:57)
As prices of commodities go up, any increase in wages is not enough to offset for the rise in daily expenses, leading to a fear of getting a raise in the future. This gradual process of diminishing purchasing power continues to impact people's lives.
Clips
Gas prices have increased by up to a dollar in parts of the country since the pandemic, which adds up over time and starts to have a real impact on people's lives as they continue to purchase necessities like food.
06:36 - 09:26 (02:50)
Gas Prices
Summary
Gas prices have increased by up to a dollar in parts of the country since the pandemic, which adds up over time and starts to have a real impact on people's lives as they continue to purchase necessities like food.
ChapterThe Slow Erosion of Real Wages
EpisodeThe Economy Is Good. So Why Do We Feel Terrible About It?
PodcastThe Daily
As prices continue to rise for everyday items like food and used cars, the fear of not being able to keep up with increasing costs causes people to feel pessimistic about the economy, despite receiving a raise in their salary.
09:26 - 12:33 (03:06)
Inflation
Summary
As prices continue to rise for everyday items like food and used cars, the fear of not being able to keep up with increasing costs causes people to feel pessimistic about the economy, despite receiving a raise in their salary.