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A 55 year old losing their 100k job and facing only minimum wage offers that replaces 30% of their income is a sad reality for a lot of Americans right now. The
by the_lonely_road 4y ago
A 55 year old losing their 100k job and facing only minimum wage offers that replaces 30% of their income is a sad reality for a lot of Americans right now. There is not a worker shortage in every area of the economy just in the economy as a whole.
- astrange 4y agoWages for the bottom 25th percentile of Americans are significantly up in the last 2 years, even counting inflation. I promise the economy is actually doing well. (For instance, if everyone was losing wages there wouldn't be inflation.)
- thwayunion 4y agoDidn't real wages decrease in the latest print?
- astrange 4y agoYes, real wages decreased on average for everyone, but the bottom quartile increased so much from 2019 that they're still ahead. Of course, it always depends which point you start measuring from. Gas prices (which drives a lot of how people feel everything is doing) have also been up and down but are solidly down recently.
- astrange 4y agohttps://twitter.com/arindube/status/1595606927303925760 https://twitter.com/arindube/status/1595606927303925760