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The claim was "are", not "were" or "typically". I don't have a sense of the actual numbers but you say yourself that "recently they started going up", which if
by dllthomas 5y ago
The claim was "are", not "were" or "typically". I don't have a sense of the actual numbers but you say yourself that "recently they started going up", which if accurate matches the claim you respond to.
And even if the claim is entirely off base, isn't it sort of the opposite of FUD? (being unrealistically rosy, rather than motivating "fear, uncertainty, and doubt")
- mrcode007 5y agoThe implicit point was that the current increases are insufficient to catch up to the value lost due to inflation over the past decade due to compounding effects. More details: https://insight.kellogg.northwestern.edu/article/wage-stagnation-in-america/ https://insight.kellogg.northwestern.edu/article/wage-stagna...
- mrcode007 5y agoAs a side note, during the pandemic, I drove from NYC to SF by car and when being confronted with the non-coastal real America reality, I don’t think a one off 10% wage raise from $20/hr to $22/hr will make a lot of difference to a lot of people who are in a whole lot of serious economic need. As a simple example, the prices of wheat this year increased by more than 50% which translates directly into cost of food.