That's still inflation. It doesn't matter why the prices went up, it matters tha... | Hacker News

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		tsimionescu on March 23, 2024 \| parent \| context \| favorite \| on: Why the 2% inflation target? (2023) That's still inflation. It doesn't matter why the prices went up, it matters that they did.

Aloisius on March 23, 2024 [–]

Yes, but a summer of minimum wage today would be enough to pay for tuition at UCSD had funding been maintained at prior levels.

Notably, minimum wage in California has increased faster than inflation since 1984.

tsimionescu on March 23, 2024 | [–]

Sure, it maybe would, but it isn't. That people are poorer than they were is still true.

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