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It’s because wages haven’t been catching up with inflation for decades also. Not just food service, pretty much in every sector, maybe with the exception of tec
by moltar 6y ago
It’s because wages haven’t been catching up with inflation for decades also. Not just food service, pretty much in every sector, maybe with the exception of tech.
- dwohnitmok 6y agoHasn't wage growth been even with inflation? I don't have sources at the moment, but that was my impression. That's still not good (you'd hope for an increase in purchasing power), but not as bad as sliding backwards.
- jolux 6y ago>Hasn't wage growth been even with inflation? Definitely not: https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
- dwohnitmok 6y agoThe headline and article content both say that it's been even, i.e. no real growth, but no backsliding either. > For most U.S. workers, real wages have barely budged in decades and > today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago.
- jolux 6y agoAh, yes. Sorry. Even with inflation but no growth. You would hope for growth given it’s been 40 years.