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Cost of living has risen higher. So even if wages grow, if they don't keep up with costs, then yes, you can say they are poorer.
by s73v3r_ 8y ago
Cost of living has risen higher. So even if wages grow, if they don't keep up with costs, then yes, you can say they are poorer.
- cheald 8y agoIncorrect. "Real wages" are "wages adjusted for inflation", or "wages relative to the cost of living" in economics parlance. If real wages are growing, then wage growth is outpacing the growth of the cost of living.