> Their wages don't keep pace with the inflation of assets, so they are continually unable to save or invest their way out of poverty.
They're poor, they don't have cash. Their assets have their own ROI separate from the benchmark rate.
> for the umpteenth time, they are paid in depreciating units while the real value of assets appreciates in nominal units; creating a problem where in order to save they must invest, and they continually have less real income to invest, because the paychecks are getting smaller (in real terms) and the assets are getting pricier (in nominal terms).
The depreciation only matters from the time they receive their paycheck to the time they invest in productive assets or pay for necessities. Only for the time they're holding literal dollars. If it takes a full year they retain a full 98% of the value. It doesn't matter. You are wrong.
Their paychecks are not getting smaller because wages have kept pace with inflation. [1]
They're poor, they don't have cash. Their assets have their own ROI separate from the benchmark rate.
> for the umpteenth time, they are paid in depreciating units while the real value of assets appreciates in nominal units; creating a problem where in order to save they must invest, and they continually have less real income to invest, because the paychecks are getting smaller (in real terms) and the assets are getting pricier (in nominal terms).
The depreciation only matters from the time they receive their paycheck to the time they invest in productive assets or pay for necessities. Only for the time they're holding literal dollars. If it takes a full year they retain a full 98% of the value. It doesn't matter. You are wrong.
Their paychecks are not getting smaller because wages have kept pace with inflation. [1]
[1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...