Is it possible for the average cost of living to ever go down or stabilize and still have wages go up at the same time?
- 1 month ago
Yes only if interest rates go up than again the fed said if the economy improved they
would lower interest rates more.
- FoofaLv 71 month ago
As people flee the major cities you can probably expect housing prices to go down and if that exodus gets too big you might find employers in these places having to pay premiums just to get workers to live there. But of course this depends on what kinds of jobs you're trained to do. We'll always have a glut of unskilled workers so it'll be those with real marketable skills who do better. If you're a waiter or barista it's probably time time to enroll in trade school. The world will always need plumbers and medical techs.
- Jeff DLv 71 month ago
Yes, if there are improvements in technology and/or productivity. Look at computers, cell phones, flat-screen TVs, etc.