3 ms·
It’s a little disingenuous to pick the last four years, if you look at the last four decades, you can get better context of wages as a percent of gdp. https://
by dv_dt 5y ago
It’s a little disingenuous to pick the last four years, if you look at the last four decades, you can get better context of wages as a percent of gdp.
https://fred.stlouisfed.org/graph/?g=2Xa https://fred.stlouisfed.org/graph/?g=2Xa
The last four years represent a short spike, of which there have been many, but with the overall trend of decline continuing. Treating the current inflation as more than a short term worry will cause wages to revert to their multi decade trend.
Edit: and if you broke out median and below wages as a percentage of GDP, it would likely look much worse