brockm on Nostr: I am acknowledging the increase in food prices. It's very real. But food was more ...
I am acknowledging the increase in food prices. It's very real. But food was more expensive in 2008 in real terms. ie. You had to work more labor hours at the average industrial wage to pay for the same amount of food. You can pull average food costs and average wages from 2008, and then do the same thing in 2023, do the division and see for yourself!
This isn't me saying inflation is fine. It's not. But it is me saying it's hyperbolic and untrue to argue this is the worst it's been in our lifetimes. Because that's literally false.
Published at
2023-02-23 12:55:28Event JSON
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