A. Here's a wildly understated measure (like for like equivalent cost of housing systematically under-estimates inflation as defined as the increase in what you have to spend). This other accurately measured thing (wages) is not keeping up even with that biased measure.
Argument: It sort of is keeping up with the real thing (what you have to spend because we'll just take cpi) if you squint at a particular period? Actually it isn't, it's still being systematically underestimated.
CPI is a crap measure of what people actually face in increase of what they have to spend. What you can actually buy, the purchasing power of wages has not been going up. People aren't being fooled into be angry and bitter. Talk to them. Listen to what they say about their constraints in life. Ideally find some people you like for whom you can feel empathy with their situation.
Argument: It sort of is keeping up with the real thing (what you have to spend because we'll just take cpi) if you squint at a particular period? Actually it isn't, it's still being systematically underestimated.
CPI is a crap measure of what people actually face in increase of what they have to spend. What you can actually buy, the purchasing power of wages has not been going up. People aren't being fooled into be angry and bitter. Talk to them. Listen to what they say about their constraints in life. Ideally find some people you like for whom you can feel empathy with their situation.