4 ms·
I thought it was on the contrary well established that wages haven't been following inflation for the past decades.
by dudul 5y ago
I thought it was on the contrary well established that wages haven't been following inflation for the past decades.
- sokoloff 5y agoI think the data shows that real wages have been roughly flat for decades (meaning that nominal wages have followed inflation). > After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. 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...