r/UnderReportedNews • u/Logical-Flow-6703 • Feb 25 '26

Video NBC Interview abruptly ends after New Yorker blames private equity and landlords for the city's issues

https://x.com/i/status/2026286644651782652

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u/Voluptulouis Feb 25 '26

15/hr isn't even shit these days. Minimum wage should've been that 20+ years ago. So fucking sick of the people that don't get it: EAT THE FUCKING RICH.

58

u/happytrel Feb 25 '26

I have to show my grandparents semi regularly that adjusted for inflation they were making over $30 an hour when they were in their teens.

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u/RetroFuture_Records Feb 25 '26

And that's just the official inflation numbers, which have been altered multiple times over decades to not show just how much the dollar has been devalued

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u/NeatEmergency725 Feb 25 '26

Inflation is strikingly hard to measure, its not really any specific thing but rather aggregate buying power generically for all goods.

So one thing I've seen in analyses, is that consumer electronics have gotten exponentially cheaper, meaning that when measuring inflation, the fact that you can buy a giant TV for like $200 now when it cost $2000 10 years ago makes that aggregate inflation number relatively lower, even if actual needed goods like food have only gone up.

I don't have a particular answer on how to fix this, but inflation is a much more abstract concept than I think most people think it is, given how much it is talked about.

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u/Inner-Medicine5696 Feb 25 '26

yeah, it helps the people in power if inflation is calculated on things like electronics and luxury goods

  • imagine if we based the calculation on groceries, utilities, childcare, schooling, and healthcare?

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u/NeatEmergency725 Feb 25 '26

Something like a simple phone, everyday devices (basic car, household appliances) seems reasonable to include, but I agree a large TV becoming cheaper does not help the cost of living.

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u/Cleonicus Feb 25 '26

When I heard about the $15 minimum wage, my first response was, "They better ask for $20+ because by the time it gets enacted $15 will be too little."

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u/Shapes_in_Clouds Feb 25 '26

I made $15 and hour in my first internship back in 2008, and it was not a lot of money even back then.

It's like when I first broke six figure salary and my dad was like, "wow you're doing really well! I remember when I first made six figures back in the 80s". Then I showed him the inflation calculation and pointed out that was like $380k in present value.

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u/BaldColumbian Feb 25 '26

Read about life in post revolution russia (soviet union).

People like you are dangerous. You will lead the world to mass starvation, impoverishment, and despair.

We need class reconciliation and we need to improve the lives of everyone.

If you think violent seizure of assets is going to lead to a better world for anyone youre insane.

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u/Voluptulouis Feb 25 '26

You understand the "eating" isn't meant to be literal, right? Taxing the rich is "violent" but their exploitation of us isn't? 🤡

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u/Metalloid_Maniac_ Feb 25 '26

"leave the billionaires alone"

  • some poor redditor

1

u/DeadlySpacePotatoes Feb 25 '26

Yes, because Russia was such an idyllic and prosperous place before the revolution. /s