I got a letter in the mail from some company telling me that my local hospital's database had been breached, and to call them to check on it and protect myself. It seemed legit, so I called. They told me I could get "4 years of protection for free".... all I had to do was give her my full legal name, full address, social security number, and a credit card number.
What good will rising low income wages do if it's just eaten by rising prices?
Exactly!!! Seems pretty obvious. If you are making 5% more but paying 10% more for things.........
Well, you do the math. LOL
Actually that math only really works if you spend everything you make. If you have a margin of saving power then inflation that includes salary could still work to your favor. But people generally do spend everything they make, so your point mostly holds.