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> The 2019 real median earnings of men ($57,456) and women ($47,299) who worked full-time, year-round increased by 2.1 percent and 3.0 percent, respectively If
by jb775 6y ago
> The 2019 real median earnings of men ($57,456) and women ($47,299) who worked full-time, year-round increased by 2.1 percent and 3.0 percent, respectively
If individual earnings gains are less than household income gains, it means people aren't necessarily making more money, it means they're working more total hours. I don't consider this a good thing for the richest country in the world. It's also interesting to note that women earnings increased almost a full percentage more than mens.
- refurb 6y agoWorking more might be a person going from a part-time 30hr per week job to a full time 40hr per week job. That’s a good thing, no?
- jb775 6y agoI think of it more as people needing to work more hours overall just to afford the same lifestyle.
- refurb 6y agoThat would be inflation. And the income increase is real income, so inflation is accounted for.
- jb775 6y agoI feel like the inflation measurement is BS. It tracks prices of goods, but doesn't account for people paying for things they didn't pay for in the past (day care, bottled water, health insurance, retirement savings), and comparing that to their income. 25 years ago it was normal for families to live fairly well-off on a single income...nowadays you'd barely make ends meet. It's deceiving nowadays because we're basically living the same lifestyle quality we were 25 years ago, except that either both parents are working like dogs, or the even sadder reality of couples foregoing/delaying kids because of their finances.