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Wages are rising at the highest rate since 2009: https://www.npr.org/sections/thetwo-way/2018/02/02/582641530/u-s-economy-added-200-000-jobs-in-january https://

Wages are rising at the highest rate since 2009: https://www.npr.org/sections/thetwo-way/2018/02/02/582641530/u-s-economy-added-200-000-jobs-in-january https://www.npr.org/sections/thetwo-way/2018/02/02/582641530.... And black unemployment is at historic lows a well.

AstralStorm 9y ago
Rates do not matter unless they are over big time scales. You have conveniently picked a year just past the banking crisis... Does the absolute inflation and purchasing power adjusted value even match 90s?
- throwaway84742 9y ago
  Sounds to me like you’ve already made up your mind if “rates do not matter”. Because objectively they do.
  - AnimalMuppet 9y ago
    AstralStorm's point is somewhat divergent from the thread of the conversation. It is that, for playing "catch-up" to years of wage stagnation, this month's wage growth rate doesn't mean much. We need years of high wage growth, not just one month or even one year. In this sense, AstralStorm is right that instantaneous rates do not in fact matter. And you sound like you're going to just label everyone who disagrees with you as having their mind already made up, rather than actually thinking about what they say. That said, the original discussion was about the rate of wage growth as a measure of how tight the labor market is. In that sense, the instantaneous rate is fine. So why am I harassing you about your answer to AstralStorm, when AstralStorm was disagreeing based on something that was outside the scope of the discussion at hand? Because of the way you answered, with dismissiveness rather than actually thinking about the point raised. That's not cool.
- sokoloff 9y ago
  > Does the absolute inflation and purchasing power adjusted value even match 90s? Yes: https://news.ycombinator.com/item?id=16682711 https://news.ycombinator.com/item?id=16682711 for references. (Wages rising slightly faster than inflation over decades long period.)
s73v3r_ 9y ago
That's not a meaningful stat, considering 2009 was the onset of the Great Recession. Wages are still not great.

AstralStorm 9y ago

Rates do not matter unless they are over big time scales. You have conveniently picked a year just past the banking crisis... Does the absolute inflation and purchasing power adjusted value even match 90s?

throwaway84742 9y ago
Sounds to me like you’ve already made up your mind if “rates do not matter”. Because objectively they do.
- AnimalMuppet 9y ago
  AstralStorm's point is somewhat divergent from the thread of the conversation. It is that, for playing "catch-up" to years of wage stagnation, this month's wage growth rate doesn't mean much. We need years of high wage growth, not just one month or even one year. In this sense, AstralStorm is right that instantaneous rates do not in fact matter. And you sound like you're going to just label everyone who disagrees with you as having their mind already made up, rather than actually thinking about what they say. That said, the original discussion was about the rate of wage growth as a measure of how tight the labor market is. In that sense, the instantaneous rate is fine. So why am I harassing you about your answer to AstralStorm, when AstralStorm was disagreeing based on something that was outside the scope of the discussion at hand? Because of the way you answered, with dismissiveness rather than actually thinking about the point raised. That's not cool.
sokoloff 9y ago
> Does the absolute inflation and purchasing power adjusted value even match 90s? Yes: https://news.ycombinator.com/item?id=16682711 https://news.ycombinator.com/item?id=16682711 for references. (Wages rising slightly faster than inflation over decades long period.)

s73v3r_ 9y ago

That's not a meaningful stat, considering 2009 was the onset of the Great Recession. Wages are still not great.