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How does the wages increase with help wanted signs compare to the rent increase in the last decade or two in your annecdotes? Food? Health insurance? Student de
by harry8 5y ago
How does the wages increase with help wanted signs compare to the rent increase in the last decade or two in your annecdotes? Food? Health insurance? Student debt repayments?
I don't know i just want to see real data before condemning anyone at all.
- missedthecue 5y agoHere is some real data. Right now, the inflation adjusted median weekly earnings for people 16+ is essentially at it's highest point ever. Much higher than it was 30 or 40 years ago. https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
- harry8 5y agoSo that excludes student debt levels (ie the inflation of the price of entry into the workforce) over that period. It includes people aged 40-100 who probably also outnumber and out earn the 16-40 demographic - who I assume dominate the only fans vendors being discussed. The median as a measure will basically exclude the entire demographic. Eg Say for argument everyone in the workforce for 10 years or less had a 50% pay cut it won't show up in the median. Real data is hard!