4 ms·
> This is why wages are flat for 30 years. Current wages are at the 1993 levels? That's just not true.
by huhtenberg 3y ago
> This is why wages are flat for 30 years.
Current wages are at the 1993 levels? That's just not true.
- FirmwareBurner 3y agoAdjusted to purchasing power?
- giantg2 3y ago"Real" wages have a specific meaning. I'm sure that is what they meant. https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-...
- huhtenberg 3y agoThen their reply in unrelated to the lament of the top comment (by jacoblambda) which was about salaries staying the same in absolute numbers and prices rising. Inflation-adjusted wages being flat mean that the quality of life linked to a specific job/profession stayed the same, which is absolutely perfectly fine.
- medvezhenok 3y agoQuality of life might not have stayed the same; quality of life as reflected by the CPI stayed the same (which is different; CPI includes things like hedonic adjustments - and depending on the value you place on those, the result might be different). Averages also hide very real disparities: software engineers are much better off today than they would have been 30 years ago; truckers, on the other hand, are much worse off today.