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rdudek 4 hours ago

The tidbid they're not talking about are the fact that wages are down .5%

https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.ht...

giantg2 4 hours ago | parent | next [-]

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation.

The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins.

Edit: Wow people are jumping on this. The point is that food and fuel increases account for about 26% of the overall inflation number, meaning that the bulk of inflation is not related directly to fuel. The original article makes it it seem different.

wing-_-nuts 4 hours ago | parent | next [-]

I will say, this past inflation spike has completely broken the assumptions I had from 1970s economics that employers would raise their 'cost of living' raises to keep pace with inflation. My employer seems to think 2.5% is fine, as they've done it multiple years in recent past with only one extraordinary year netting 4%. I am now very skeptical of any so called 'wage price spiral'

WarmWash 3 hours ago | parent | next [-]

That's why macro economic data is based on nationally reported data from tens of thousands employers rather than just one company.

We can look at the data and clearly see the inflection point where wages started rising faster once the pandemic began.

https://fred.stlouisfed.org/series/ECIWAG

And looking at real wages, we can see that wages have actually outpaced inflation since ~2015

https://fred.stlouisfed.org/series/LES1252881600Q

b40d-48b2-979e an hour ago | parent [-]

    wages have actually outpaced inflation since ~2015
Yeah.. just ignore the 30 years where it was basically stagnant.
triceratops 4 hours ago | parent | prev | next [-]

Employers pay you the least amount of money it takes to keep you from working somewhere else. It's always been true and it probably always will be.

disgruntledphd2 3 hours ago | parent | prev | next [-]

> I am now very skeptical of any so called 'wage price spiral'

The wage-price spiral now happens when people move. I've definitely noticed that average salaries for my role (data person) have increased singificantly since 2020 or so.

alistairSH 3 hours ago | parent | prev | next [-]

Employers will increase your wages just enough to keep you from leaving.

With structural disincentives to leaving (medical coverage in the US), that is almost always a less-than-inflation amount.

Do employers even call it a COL increase any more? My employer "rebranded" the annual raises as "merit increases" many years ago.

ajmurmann 4 hours ago | parent | prev [-]

Nobody gives you cost of living increases. That's not how a market works. You get cost of LABOR increases. These are related but only indirectly.

pastel8739 4 hours ago | parent | prev | next [-]

> only 1% attributable to food and fuel

What do you mean by this? If adding food and fuel raises CPI by 1%, then the food and fuel prices have necessarily raised by _more_ than the combined 3.8%.

giantg2 4 hours ago | parent [-]

"What do you mean by this?"

Pretty simple - an overall increase of 1% inflation is attributed to food and fuel.

mint5 3 hours ago | parent [-]

Umm okay so many other aspects of the cpi respond slower and this is a recent shock…

Food and fuel are more sensitive and respond first. There’s been no time for the effects to really get into the others.

And Food and fuel having huge jumps in inflation is major visible pain for consumers.

giantg2 2 hours ago | parent [-]

Yes, and that volatility is why economists exclude fuel and food from core CPI.

mint5 2 hours ago | parent [-]

Except oil prices are predicted to remain over $100 for at least the rest of this year. It’s not a short term thing.

giantg2 2 hours ago | parent [-]

Depends on your definition of short term. Did oil prices drop after '08-'09 timeframe? A few years could be seen as short term in economic trends.

stuaxo 4 hours ago | parent | prev | next [-]

Ah fuel and food - those classic unimportant things.

jcranmer 4 hours ago | parent [-]

Fuel and food are excluded from core inflation not because they're unimportant (they are in fact incredibly important) but because they are much more volatile in price--going up and down in bigger increments--so that you get a more stable view of inflation by excluding them.

array_key_first 3 hours ago | parent [-]

But it's a bit of a nasty trick because food, in particular, has inflated in price a lot the past 3 years. Some items, like sugar, are legitimately double the price they were.

HumblyTossed 4 hours ago | parent | prev | next [-]

For most Americans (aka: not the top 5% like SWEs), food and fuel increases hurt a lot.

giantg2 4 hours ago | parent | next [-]

Most SWEs are not top 5%. The median is about $135/yr, and a significant portion of us make under that.

The point was that a 1% increase in inflation due to food and fuel wasnt the end of the world. Does a 1% cost of living increase hurt? Sure, for many people on the margin of making ends meet it can be bad. For most people, $1 more out of $100 is survivable.

WarmWash 3 hours ago | parent | next [-]

Usually from what I have seen, most SWE's partners are also in tech or "white collar adjacent" making similar money. Which makes a household income of $270k, putting them in somewhere around the top ~7.5%.

giantg2 2 hours ago | parent [-]

I have seen some of that, but there is still plenty of non-tech partners, especially if the tech half is at a non-tech company. In my experience, the managers are the ones most likely to have a high earning spouse. It seems like most of the managers I know have a spouse making $100k+. I don't make as much as others, but I can't even imagine how good my life could be if my wife made the same amount as me so we had a combined income close to $200k.

It's also kind of wild to think that 1 out of 6 households in the US is making $200k+. I get that many of them are in higher cost of living areas where wages are higher, but still WTF. On the other hand, it's something like 1 out of 4 households are making under $50k. Makes me wonder how many of those are retirees vs working age, and what the median household income would be for 25-55yo vs the entire population.

mint5 3 hours ago | parent | prev [-]

You do realize food and fuel didn’t just rise 1% on an annual basis? Right?

hnthrowaway0315 4 hours ago | parent | prev [-]

SWEs do feel the pain, too. Not everyone has a 200K+ gig. Especially for a big family.

AnimalMuppet 4 hours ago | parent | prev [-]

I think you're misinterpreting that. Everything other than food and fuel went up 2.8%. Everything (including food and fuel) went up 3.8%. Therefore food and fuel went up more than 3.8%.

b40d-48b2-979e 4 hours ago | parent | next [-]

     Therefore food and fuel went up more than 3.8%.
We can see that advertised on every corner, too. Gas costs for me locally went from $3 pre-war to over $5 now. My "investment" in EVs and solar is feeling really good right now.
blochist 4 hours ago | parent | prev | next [-]

This. Energy is up 17.9% and energy commodities (oil, gas, etc.) 29.2%. See the CPI release: https://www.bls.gov/news.release/cpi.nr0.htm.

giantg2 3 hours ago | parent | prev [-]

I think you're misinterpreting me. The overall inflation increase attributed to food and fuel increases is 1%.

AnimalMuppet an hour ago | parent [-]

I still don't think that's right.

You have food and fuel, which is some fraction of the economy - call that F. You have a rate of inflation in fuel and food - call that f. And you have a rate of inflation in everything else - call that e. Then you have

  3.8 = e(1-F) + fF.
You also have e = 2.8.

I think what you're claiming is that fF = 1.0, so that e(1-F) = 2.8. And I think that's wrong. When they say inflation apart from food and fuel is 2.8, they mean e, not e(1-F).

keernan an hour ago | parent | prev | next [-]

"With productivity rising at a brisk pace, the share of national income that goes to workers has sunk to its lowest point on record"

https://www.nytimes.com/2026/05/12/business/economy/cpi-infl...

joe_mamba 4 hours ago | parent | prev | next [-]

The tidbid is that Maga voted for a lunatic who campaigned against "more wars", and then immediately started a war, wait it's not technically a war, it's a series of "special military operations" so he can bypass congress, in order to do insider trading, while workers and consumers get poorer.

Did I get it right?

parineum 4 hours ago | parent [-]

Part of the reason people voted for "no more wars" was because of the long history of more wars from both parties. Desperate people make desperate choices.

runako 4 hours ago | parent | next [-]

> long history of more wars from both parties

Which wars were started by Democratic presidents in the last half-century?

opo 2 hours ago | parent | next [-]

Depends on what you call a “war” since the last time the US declared war was in WW II.. In terms of military operations, a partial list would probably include:

Democrat Presidents: Bosnia, Haiti, Iran, Kosovo, Libya, Niger, Somalia, Syria, and Yemen.

Republican Presidents: Afghanistan, Cambodia, Grenada, Iran, Iraq, Libya, Pakistan, Panama, Somalia, Syria, and Venezuela.

It is outside the 50 year timeframe, but go back another 10 years and you have Viet Nam which caused more deaths than all the rest combined.

rurp 2 hours ago | parent | next [-]

Seems balanced when you put them in a simple list like that, so it might not be obvious that the republican started wars cost many, many orders of magnitude more lives and treasure than the tiny actions attributed to dems.

runako 31 minutes ago | parent | prev [-]

https://news.ycombinator.com/item?id=48109360

> go back another 10 years and you have Viet Nam

Eisenhower was a Republican when he committed forces to Vietnam.

ryeats 3 hours ago | parent | prev | next [-]

Syria, Libya, Kosovo probably more I am just naming the ones off the top of my head.

runako 3 hours ago | parent [-]

"started by" here was used to indicate that there was not already a shooting war in progress.

parineum 3 hours ago | parent [-]

If you want to get technical, the US hasn't been involved in a war since WW2. See how annoying that is?

No more wars means stop putting Americans at risk to kill foreigners.

runako 3 hours ago | parent [-]

If you're going to get technical, you need to pick apart the AUMF for Iraq.

In any case, I personally don't think the US interventions in Bosnia or Haiti rose to the level of the colloquial understanding of "no more wars." This is to the extent that the public of 2024 was even broadly aware of those interventions.

Major point is this: in the last 50 years, every GOP president has started a trillion-dollar boondoggle in the Middle East that led to hundreds of thousands of deaths or more (count is still running in Iran, which the President credibly threatens to nuke every other week). Democratic presidents have initiated e.g. peacekeeping missions or the like with definite endpoints and missions. "Both sides" elides all of this as if they are the remotely equivalent.

(I'm on record suggesting that the US military should be reduced to a footprint necessary to defend only the US states and not foreign interests. 75%+ cuts in budget as a start. 11 carrier battle groups to ~4, two per coast. etc.)

zulux 4 hours ago | parent | prev [-]

Vietnam.

KptMarchewa 3 hours ago | parent | next [-]

While Kennedy and then Johnson escalated US support to South Vietnam significantly, Eisenhower started it.

triceratops 3 hours ago | parent | next [-]

And Nixon prolonged it in order to win an election. [1] Regular people would call that treason.

1. https://www.politico.com/magazine/story/2017/08/06/nixon-vie...

runako 3 hours ago | parent | prev [-]

This point came up in a discussion of whether the Iran war is the first US war to be started and lost by the exact same team. Vietnam was floated, but they had a few shift changes before defeat was clear.

triceratops 4 hours ago | parent | prev [-]

That was more than a half-century ago.

newaccountman2 4 hours ago | parent | prev | next [-]

There was literally no evidence voting for Trump would have reasonably led to less wars, and enough evidence, in fact, to the contrary.

ryandrake 4 hours ago | parent | next [-]

Yes, MAGA ran on a broad platform of chaos, griefing, and personal vendettas. You don't have to be a rocket scientist to connect the dots and know war was on the agenda.

kxkdkdisoskdnen 4 hours ago | parent | prev | next [-]

aside from the first term? guy lost his marbles after 2020 but there were no new wars in the first term and that was evidence. turns out he has different handlers this time. and dementia. but there were 4 years with no new wars. I liked that.

parineum 3 hours ago | parent | prev [-]

There is a long history of evidence that voting for establishment candidates leads to more wars and Trump didn't start any new wars in his first term and reduced troop deployments in places where existing conflicts were active so I'm not sure what you mean by no evidence. Supporters were happy about that aspect of his first term.

But, like I said, desperate people make desperate choices. If you're a person who feels strongly about something the establishment wing of both parties agrees on, anti-establishment candidates look very appealing, warts and all.

joe_mamba 4 hours ago | parent | prev | next [-]

The famous, Fell for it again™ award, goes to MAGA this time.

delfinom 4 hours ago | parent | next [-]

Well, when the rich control both sides and both sides conspire to create drama to continue to control the country as they want....can't really do much. This country is done for.

csoups14 4 hours ago | parent | next [-]

The rich being in control of both sides does not make both sides equivalent when it comes to impacts on the commoner. The country is done for in large part because too many apathetic people are unable to discern very real differences in their political options, and instead of participating, you eject and poison the well on the way out which is exactly what the "rich" want you to do. You're not high-minded for your stance, you haven't figured out some secret, you're quite literally playing into their hand. Go vote in a Democratic primary and do something useful with yourself.

rozal 3 hours ago | parent [-]

[dead]

alistairSH 3 hours ago | parent | prev [-]

Whataboutism at it's finest.

If you seriously think Biden was the same as Trump (or Harris would have been worse than Trump) you need a lobotomy (as at least a refresher high school civics course).

Seriously, it was (almost) all spelled out in Project 2025. That's what the country wanted and that's what we got/are getting. I hate it, but apparently 51% of voters disagree with me.

mothballed 4 hours ago | parent | prev [-]

I voted for the only candidate (Chase Oliver) that appeared on my ballot that was basically 100% certain to not get us into wars, and I've had absolute vitriol spewed at me (including here on HN) because I was informed it was a default to Trump.

There's no way to act where you won't be hated by someone. Even if you stop paying taxes for the bombs someone will scream that you hate old people or the children.

anonymars 4 hours ago | parent | next [-]

Idealism is for the primaries. You knew with certainty that Chase Oliver wasn't going to win the presidency, which meant you were okay with either of the two candidates that definitely was going to win the presidency

phainopepla2 4 hours ago | parent | next [-]

Only about 20% of Americans live in swing states. So for 80% of Americans, idealism is for the general as well. Or at least it could be

2 hours ago | parent [-]
[deleted]
programjames 2 hours ago | parent | prev [-]

Maybe not this year. The next cycle though will better pander to Chase Oliver voters.

4 hours ago | parent | prev | next [-]
[deleted]
triceratops 4 hours ago | parent | prev [-]

> I was informed it was a default to Trump.

Were they wrong?

IncreasePosts 3 hours ago | parent | prev [-]

Trump would have had the same outcome if he said "more wars". People voted for the man, not his policies.

cyanydeez 4 hours ago | parent | prev [-]

wages have stagnated for decades now. N o o n e in the USA cares when it comes to keeping wages low at the benefit of the rich. And of course, N o o n e is defined by journalists, federal government, and billionaires.

pixelatedindex 4 hours ago | parent | next [-]

I feel like wages have stagnated too, but data says it has been keeping up (barely) with inflation: https://www.statista.com/chart/32428/inflation-and-wage-grow...

jcranmer 4 hours ago | parent | prev | next [-]

https://fred.stlouisfed.org/series/LES1252881600Q

That's what you call stagnating wages?

runako 4 hours ago | parent [-]

That chart is rough. Q3 2025 about equivalent to 5-6 years prior.

Apocryphon 4 hours ago | parent | prev | next [-]

State and local governments care?

rusk 4 hours ago | parent | prev | next [-]

As you’d expect from the staggeringly low (by international, 1st world standards) turnout

ZeroGravitas 4 hours ago | parent | prev [-]

The very first time I thought "That's it, Trump is done, it's over" is when he complained wages were too high in the US.

Clearly he thought it was a gaffe as he denied saying it shortly after saying it twice in two videotaped appearances. But he sailed on through that and many other misteps.

BLKNSLVR 4 hours ago | parent [-]

Everything he says ever, all the time, should be his undoing.

And with every 'next thing' the US moves further from any pretext of democracy or rule of law.