4 ms·
IT wages have been STAGNATE for decades, wanna try again with wages keeping pace with inflation.....
by dam_broke_it 5y ago
IT wages have been STAGNATE for decades, wanna try again with wages keeping pace with inflation.....
- arcticbull 5y agoThat's simply not true. [1, 2] They've stayed roughly flat in constant dollars since 1964 indicating that they have, in fact, kept pace with inflation. Average wage was $2.50 in 1964, and today it's about $25, in nominal terms. Wages in the US have, in fact, kept pace with inflation for decades. They haven't kept pace with productivity growth, but that's a different matter, and one worth paying attention to. [1] 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... [2] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q