3 ms·
The data indicates the lowest quintile is gaining the most: https://www.epi.org/publication/swa-wages-2022/ https://www.epi.org/publication/swa-wages-2022/ If
by lotsofpulp 3y ago
The data indicates the lowest quintile is gaining the most:
https://www.epi.org/publication/swa-wages-2022/ https://www.epi.org/publication/swa-wages-2022/
If anything, the middle and upper middle is experiencing decreased quality of life, for example not eating out as often, because the lowest wage workers in restaurants/hotels/farms/etc are seeing wage growth.
- GartzenDeHaes 3y agoThat report shows an income increase of 9% from 2019 to 2022. There was a 40% currency devaluation during this time that led to the doubling of rents in most places.
- deeg 3y agoThe article indicates that inflation is accounted for: "Even in the face of rising prices, low-wage workers have experienced historically fast real wage growth."