3 ms·
> high median wage growth Wages are noticeably down since 2020. WSJ and others prefer to report nominal wages (unless the article is about business costs), bu
by _jal 4y ago
> high median wage growth
Wages are noticeably down since 2020.
WSJ and others prefer to report nominal wages (unless the article is about business costs), but you don't have to fall for the scam.
https://jabberwocking.com/wages-continue-to-plummet/ https://jabberwocking.com/wages-continue-to-plummet/
- whimsicalism 4y agoCan you explain how "[real] wages ... down since 2020" demonstrates "we have been in a recession since 2008"?
- aetherson 4y agoYes the pandemic has caused falling wages. You surely noticed that 2020 is kind of a weird year? And inflation is currently causing wages to fall further. But 2014-2020 was very different.