3 ms·

It's nice to finally see some wage increases, but most people are worse off than they were in 2010. https://www.resolutionfoundation.org/publications/are-you-b

• cal85 3y ago
  The situation with homeownership and rent is undoubtedly much worse compared to generations past, as that article argues. But that's looking at changes over a decades timescale, during which the economy has gone through many periods of growing and shrinking. That's a socio-economic shift over generations - very interesting, but not really relevant to the question of whether we're in a recession/downturn right now, which is about whether things are currently getting better or worse, quarter to quarter.
• OJFord 3y ago
  What measure are you using to say worse off if real terms wages are up as GP said? Or are you disputing that? (It did surprise me.)