Quote:
Originally Posted by ME_Andy
It's starting to look like high prices are the new norm. Can't get a good six-pack of beer for less than $9  |
I wonder how real estate and rental prices have affected this.
It seems that these have been outpacing wages for decades. Many people were getting to the point of paying more than half their wages on a roof over their heads before the pandemic.
Ideally you'd pay about 25 to 30% and 35% of your income at the most.
With so many places skyrocketing to $2,000, $3,000 or $4,000 and beyond, per month, now you got to make some $6,000 a month at least.
I guess this is why so many people are refusing to work at the lower paying jobs around here. Before COVID lots of places were at $11 to $13 per hour. Now they can't get anyone to work for $20. $20 per hour at McDonalds! $25 per hour at Wal-Mart! And they can't get anyone to work at those places for those wages! I hope people are finding the jobs they are looking for, because this is insane!
The point is, if you make $6,000 to $12,000 a month, then $9 for a six-pack ain't nothing. With inflation, you got to make more to keep up. And that just makes the new prices the norm.