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And the tide comes in and out every day Meanwhile in the non-facile analogized real world, real wages haven’t budged in 40 years https://www.epi.org/publicatio
by blueboo 8y ago
And the tide comes in and out every day
Meanwhile in the non-facile analogized real world, real wages haven’t budged in 40 years https://www.epi.org/publication/understanding-the-historic-divergence-between-productivity-and-a-typical-workers-pay-why-it-matters-and-why-its-real/ https://www.epi.org/publication/understanding-the-historic-d...
- CompelTechnic 8y agoBoth real median wages and real median per capita income are growing. Part of the rise of income is the fact that people are working more hours than they used to. https://www.advisorperspectives.com/dshort/updates/2018/10/16/u-s-household-incomes-a-51-year-perspective https://www.advisorperspectives.com/dshort/updates/2018/10/1... https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Some of the data used by your source uses the year 2000 as a baseline. This was a highwater mark and feels like cherry-picking (caveat: it is a nice round number). This narrative was especially strong during the great recession, but it is not strong today.
- blueboo 8y agoYikes. Up 10% over 40 years!!... quite the antidote to my so-called cherry-picking.