2 ms·
For everyone who thinks CPI is an accurate measure of inflation, consider this chart: [0] It shows real wages mostly flat or increasing since the 1980's. I've
by lend000 3y ago
For everyone who thinks CPI is an accurate measure of inflation, consider this chart: [0]
It shows real wages mostly flat or increasing since the 1980's. I've noticed that the same people claiming CPI is accurate also tend to complain about decreasing cost-adjusted standards of living for the median worker. Those opinions can't both be correct (hint: the second one is correct).
[0] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q