4 ms·
You are not too far off. Wages are up far more than 10%. 10% is real wage growth - adjusted for inflation. Median weakly earnings in 1990 was $412. Now it's $
by onlyrealcuzzo 3y ago
You are not too far off.
Wages are up far more than 10%. 10% is real wage growth - adjusted for inflation.
Median weakly earnings in 1990 was $412. Now it's $1,118 - 270% increase (most of that being inflation).
Inequality is at the highest point it's ever been in the US (and globally) - even surpassing the Belle Epoch before the French Revolution.
That being said, it doesn't mean there's anywhere better to sell your time for money than in the US.