3 ms·
Note, it's at most 1% per year. The HN headline is actually a quote from the body of the article: > In most rich countries, real pay has grown by at most 1% pe
by wool_gather 8y ago
Note, it's at most 1% per year. The HN headline is actually a quote from the body of the article:
> In most rich countries, real pay has grown by at most 1% per year, on average, since 2000.
The next sentence breaks out one piece of that average:
> For low-wage workers the stagnation has been more severe and prolonged: between 1979 and 2016, pay adjusted for inflation for the bottom fifth of American earners barely rose at all.