▲ 515 ▼ "I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020 (boingboing.net) submitted 2 years ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world 80 comments fedilink hide all child comments
[–] SuiXi3D@kbin.social 6 points 2 years ago (2 children) Inflation has gone down. Doesn’t mean the prices have. In fact they specifically keep going up, because it seems that literally every business has decided the only thing that matters is how much their CEO is worth. permalink fedilink source parent hideshow 4 child comments replies: [–] KinglyWeevil@lemmy.dbzer0.com 4 points 2 years ago When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don't really effect demand. Especially for inelastic goods like gas or food. permalink fedilink source parent [–] 1847953620@lemmy.world 1 point 2 years ago So it hasn't gone down in the sense of the actual purchasing power for the average person. Meaning price inflation. permalink fedilink source parent
[–] KinglyWeevil@lemmy.dbzer0.com 4 points 2 years ago When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don't really effect demand. Especially for inelastic goods like gas or food. permalink fedilink source parent
[–] 1847953620@lemmy.world 1 point 2 years ago So it hasn't gone down in the sense of the actual purchasing power for the average person. Meaning price inflation. permalink fedilink source parent