> I'm saying prices aren't dropping and wages aren't keeping pace not as saying inflation isn't coming down but as a statement of observation. IE, the reality o

> I'm saying prices aren't dropping and wages aren't keeping pace not as saying inflation isn't coming down but as a statement of observation. IE, the reality on the ground is prices are in fact, not falling (or falling enough) and wages aren't keeping pace with that fact. But they are though. The median wage is now higher than Q4 2019 in both real and nominal terms. Real: https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Nominal: https://fred.stlouisfed.org/series/LES1252881500Q https://fred.stlouisfed.org/series/LES1252881500Q Maybe this particular group isn't feeling it because there's been a lot of layoffs, and we're still swinging back from the 2021-2 over-hiring specifically in tech. But the for the median American this simply isn't true. The purchasing power of the median American wage has been on a broad up-trend since Q4 1997.