5 ms·

Absolute nonsense. The highest wage gains went to the bottom 25% of earners. That has been the case since 2015 https://www.atlantafed.org/chcs/wage-growth-trac

Absolute nonsense. The highest wage gains went to the bottom 25% of earners. That has been the case since 2015 https://www.atlantafed.org/chcs/wage-growth-tracker https://www.atlantafed.org/chcs/wage-growth-tracker Scroll down to the chart and click on “Wage Level"

aaomidi 4y ago
Did you read the article? Getting a 20% wage increase when you’re on the “bottom” earners is peanuts.
- xapata 4y ago
  That's better than a real wage decline, which is what had been happening for decades.
- xyzzyz 4y ago
  Ah, so when the retails workers strike to get 20% raise, we should just tell them “you guys are making peanuts anyways, what difference does extra 20% makes to you? You’ll still be making peanuts”. This will convince them that the 20% raise is immaterial, and won’t make any real difference for them, which will save a lot of money on wages.
  - lukebitts 4y ago
    No, when they ask for 20% raise you tell then that's peanuts and increase it to 100%
- rco8786 4y ago
  Are you trying to spin a 20% wage increase as bad, somehow?
  - richbell 4y ago
    > Are you trying to spin a 20% wage increase as bad, somehow? No, they're saying that it doesn't go nearly far enough to address the massive inequality and poverty issue.
    - rco8786 4y ago
      I don’t even disagree it’s just such a vapid complaint in the context of the discussion.
      - aaomidi 4y ago
        The context of the discussion is people turning “20% raise” into “see it’d really not that bad!” point.
jollyllama 4y ago
Doesn't matter, inflation is just that bad.
schemescape 4y ago
Having the lowest quartile gain the most (relative to other quartiles) doesn’t necessarily imply that they had real (inflation adjusted) wage gains. Edit: Also, that chart doesn’t even show the top 1%. I’m not saying the article is correct, just pointing out faulty logic.
- dahart 4y ago
  The chart doesn’t even show the top 10%; they intentionally exclude data above $150k annually after 2003, which is 82nd percentile in 2019. https://en.wikipedia.org/wiki/Household_income_in_the_United_States#Distribution_of_household_income_in_2019_according_to_US_Census_data https://en.wikipedia.org/wiki/Household_income_in_the_United...

aaomidi 4y ago

Did you read the article? Getting a 20% wage increase when you’re on the “bottom” earners is peanuts.

xapata 4y ago
That's better than a real wage decline, which is what had been happening for decades.
xyzzyz 4y ago
Ah, so when the retails workers strike to get 20% raise, we should just tell them “you guys are making peanuts anyways, what difference does extra 20% makes to you? You’ll still be making peanuts”. This will convince them that the 20% raise is immaterial, and won’t make any real difference for them, which will save a lot of money on wages.
- lukebitts 4y ago
  No, when they ask for 20% raise you tell then that's peanuts and increase it to 100%
rco8786 4y ago
Are you trying to spin a 20% wage increase as bad, somehow?
- richbell 4y ago
  > Are you trying to spin a 20% wage increase as bad, somehow? No, they're saying that it doesn't go nearly far enough to address the massive inequality and poverty issue.
  - rco8786 4y ago
    I don’t even disagree it’s just such a vapid complaint in the context of the discussion.
    - aaomidi 4y ago
      The context of the discussion is people turning “20% raise” into “see it’d really not that bad!” point.

jollyllama 4y ago

Doesn't matter, inflation is just that bad.

schemescape 4y ago

Having the lowest quartile gain the most (relative to other quartiles) doesn’t necessarily imply that they had real (inflation adjusted) wage gains. Edit: Also, that chart doesn’t even show the top 1%. I’m not saying the article is correct, just pointing out faulty logic.

dahart 4y ago
The chart doesn’t even show the top 10%; they intentionally exclude data above $150k annually after 2003, which is 82nd percentile in 2019. https://en.wikipedia.org/wiki/Household_income_in_the_United_States#Distribution_of_household_income_in_2019_according_to_US_Census_data https://en.wikipedia.org/wiki/Household_income_in_the_United...