Hacker News Reader

The erosion of the spending value of the dollar (aka the amount of inflation from post-covid government spending), and therefore most people's salaries probably have more effect on people's feelings about their salary and how far it's not going, which in turn negatively impacts feelings about work and overall stress.

Why work if you can't even afford a house or healthy groceries for yourself or your family?

View on HN

>The erosion of the spending value of the dollar (aka the amount of inflation from post-covid government spending), and therefore most people's salaries probably have more effect on people's feelings about their salary and how far it's not going, which in turn negatively impacts feelings about work and overall stress.

Even though inflation shot up post covid, by all official statistics wage growth has outpaced it. Therefore to imply that this behavior is as a result of people earning less in real terms is incorrect.

See: https://fred.stlouisfed.org/series/LES1252881600Q, note the units for the chart, which indicate the figures have already been adjusted for inflation

Reply on news.ycombinator.com