3 ms·
> hotel workers and restaurant workers saw some of the biggest real wage gains Yeah, after a significant amount of them left the industry after seeing wages go
by Mikeb85 4y ago
> hotel workers and restaurant workers saw some of the biggest real wage gains
Yeah, after a significant amount of them left the industry after seeing wages go to zero for an extended period, several times in some places.
- HPsquared 4y agoI suppose you could apply that to the "top 1%" group as well .. people are constantly entering and leaving that category.
- coldtea 4y agoOnly when it comes to wages. When it comes to wealth, the 1% of wealth arrive there and stay there (their families) for centuries... The 1% from wages is their high-level employees That said, I pretty much doubt the 1% of wages is that volatile too...
- Retric 4y agoPeople tend to fall out of top 1% income earners for all kinds of things like retirement. However, for a great many things it’s lifetime earnings or wealth that matter. A billionaire who lost money this year isn’t the same as a poor person.