@[email protected] to [email protected] • 11 months agoA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.comexternal-linkmessage-square195fedilinkarrow-up11.04Karrow-down114
arrow-up11.02Karrow-down1external-linkA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.com@[email protected] to [email protected] • 11 months agomessage-square195fedilink
minus-square@[email protected]linkfedilink-15•11 months agoWages are not stagnant. https://fred.stlouisfed.org/series/LES1252881600Q You can see rising median wages for several decades. The covid stimuluses caused a bump but cant expect that level of government spending forever.
minus-square@[email protected]linkfedilink20•11 months agoIt went from 335 in 1979 to 365. That’s less than a 9% increase. In 34 years. How do you not see this as stagnant?
minus-square@[email protected]linkfedilink-2•edit-211 months agoThis is Real Income. It’s clearly not stagnant. It is clearly increasing.
minus-square@[email protected]linkfedilink11•11 months agothat may be true, if you live in the magic no change in cost of living world
minus-square@[email protected]linkfedilink1•11 months agoThis is real earnings, which takes that into account
Wages are not stagnant.
https://fred.stlouisfed.org/series/LES1252881600Q
You can see rising median wages for several decades. The covid stimuluses caused a bump but cant expect that level of government spending forever.
It went from 335 in 1979 to 365. That’s less than a 9% increase. In 34 years. How do you not see this as stagnant?
This is Real Income. It’s clearly not stagnant. It is clearly increasing.
that may be true, if you live in the magic no change in cost of living world
This is real earnings, which takes that into account