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Painfully tonedeaf comment. If you're at poverty level, not making ends meet, and inflation is 30% and your wage growth is 9%, you are falling behind. If you ar
by titzer 3y ago
Painfully tonedeaf comment. If you're at poverty level, not making ends meet, and inflation is 30% and your wage growth is 9%, you are falling behind. If you are above "making ends meet" and your income growth is only 3% but you are still "making ends meet", things are fine for you.
Inflation is absolutely decimating the lower half of the country. Your numbers are sophistry.
- andrewmutz 3y agoIt's a 9% increase after adjusting for inflation. Actual wages increased by 9 plus the inflation rate.
- titzer 3y ago100% don't believe it. And you missed the overall conclusion from your own link: > While our analysis finds fast wage growth at the 10th percentile and wage compression within the bottom 90% of the wage distribution, highly unequal wage growth has led the very top to amass a greater share of the overall earnings distribution, contributing to worsening inequality.