For reference here are inflation rates YOY since 2017:
2017 2.10%
2018 1.90%
2019 2.30%
2020 1.40%
2021 7.00%
2022 6.50%
2023 3.40%
Just to make up for the last three years of inflation they would need +16.9% instantly. Assuming +2% inflation over those 4 years (which is the average but not right now) that means from 2020 to 2028 inflation rose 26.3% so if they started a +25% increase over 4 years this year, the workers would have the same spending power they had in 2020.
Data is from the bureau of labor statistics
Eh I’ll take it, better than reading about candidates continuing to defend a fake news conspiracy about immigrants eating pets or whatever horrible thing they focus on next
As sad as it is, it’s actually kinda refreshing to see a mundane headline regarding politics