this post was submitted on 28 Nov 2023
555 points (94.0% liked)
Technology
60033 readers
2857 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Do you have a source on “wages outpac[ing] inflation”?
Yes, his ass. Hourly wages in 2018 were about 2$ more compared to the 1960s and the increases went to the 90th percentile of earners. And that was before the last big round of inflation.
To be fair, if you look at the median graph it does go ever so slightly up, which I think qualifies as “outpaces.” It is certainly a lot less dire than if inflation was outpacing wages, at least wages keeping pace with inflation is sustainable.
Most people get confused because inflation is already accounted for in most reported numbers.
https://www.bls.gov/news.release/pdf/eci.pdf&ved=2ahUKEwjDiuPqoemCAxULFzQIHRmiCJEQFnoECBIQBg&usg=AOvVaw1jlbP0dE9X_Mpb3XsIXwT4
Broken link?