return2ozma@lemmy.world to News@lemmy.world · 1 year agoApartment rents are on the verge of declining due to massive new supplywww.cnbc.comexternal-linkmessage-square26fedilinkarrow-up1138arrow-down110
arrow-up1128arrow-down1external-linkApartment rents are on the verge of declining due to massive new supplywww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square26fedilink
minus-squareares35@kbin.sociallinkfedilinkarrow-up9arrow-down1·1 year agothat requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
minus-squarebluGill@kbin.sociallinkfedilinkarrow-up3arrow-down2·1 year agoLong term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up. Even if your pay isn’t matching inflation, it can still go up more than rent
minus-squaremrnotoriousman@kbin.sociallinkfedilinkarrow-up1·1 year agoI hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
that requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
Long term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up.
Even if your pay isn’t matching inflation, it can still go up more than rent
I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.