Hacker News Reader

Comment by klyrs | Hacker News Reader

> The lowest-paid people have seen the highest wage increases in the past several years,

Do you have a source for this? Because CEOs, the people with enough money to own several properties for luxury and investment, have been consistently beating inflation while housing costs skyrocket.

https://www.cnbc.com/2022/04/18/ceos-made-a-median-20-millio...

View on HN

https://archive.ph/GhaL2

https://archive.ph/A9OTx

Interesting that those look at quartiles and quintiles. The top 20% isn't necessarily "rich," the bottom of that bracket is barely able to afford homes today. The homelessness spike is not driven by the poorest getting relative wage increases faster than the middle class, which is the story presented in your sources. The homelessness spike is caused by 50 years of working class incomes growing slower than housing costs.

idk man u made me cite my sources, why dont you contribute and provide some relevant data

What do you mean you "don't know." Your sources don't support your claim. I did provide relevant data. But here's a primary source:

https://www.bls.gov/spotlight/2022/inflation-experiences-for...

Inflation hits lower income brackets harder. Wages in the lower brackets are not keeping up with inflation. The continuing spike in homelessness is a direct result of wage stagnation in the lower and middle classes. The notion that lifting people out of poverty will drive inflation is farcical and perpetuates the growing rates of homelessness and poverty. Think for yourself, "idk" isn't an excuse.

Ok you win, idc that much

Sources for such nonsense are extremely easy to come by in the US media. The ruling class pushes such propaganda non-stop.

Reply on news.ycombinator.com