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> The pandemic created a situation where a lot of people could (and did) get their first real increase in wages in decades. Er, no. See https://fred.stlouisfe
by chernevik 4y ago
> The pandemic created a situation where a lot of people could (and did) get their first real increase in wages in decades.
Er, no. See https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q.
Real wages are up since 1980, with a particular spike beginning in Q1 2017 and ending in Q2 2020.
The onset of lockdowns clearly began a _decline_ in real wages.