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Can you provide evidence that real inflation adjusted wages are going up? It's my understanding that wages for the bottom 60% of the country have fallen or stag
by prolikewh0a 8y ago
Can you provide evidence that real inflation adjusted wages are going up? It's my understanding that wages for the bottom 60% of the country have fallen or stagnated since the 70's and have only gone up in terms of non-inflation adjusted, or have actually gone down.
The wealthy/elite classes are doing absolutely fantastic under Trump though, and are getting tax cuts and wage increases. Those don't represent America, though.
Edit: Simple Google search shows my thoughts to be true [1]. Wages aren't rising quicker than inflation/cost of living, so saying wages are increasing or are "up" is a bit inaccurate.
https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-wage-growth-is-actually-falling/#11c2a8587284 https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-...
- koolba 8y agoWell there is this report from yesterday: https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3... A 3.1% jump in wages should beat inflation at least for this year.
- prolikewh0a 8y agoLess than 0.5% increase then. Not too great! Does this also take into account wage increases of the top 10%? If so, that article would be wildly misleading.
- DFHippie 8y agoThey're up a fraction of a percent after adjusting for inflation. Here's where I get that figure: https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-workers-getting-anemic-0-4-raise/ https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-...