38 ms·
10 years isn't 11 months. ZIRP and a bunch of other stuff happened in between the two.
by underlipton 3y ago
10 years isn't 11 months. ZIRP and a bunch of other stuff happened in between the two.
- bryanlarsen 3y agoFor 9 out of 10 years wage growth out paced inflation.
- underlipton 3y ago1) CPI is busted and understates inflation. 2) Wage growth measures are busted because they a) conflate the massive growth of top quartile incomes with with the stagnation, in real terms, of wages of the median and lower earner, and b) generally start well into the collapse of middle-class real income (and, covering the last decade, show the "growth" of the post-GFC recovery), and so don't capture the size of the hole the majority of America is digging itself out of.
- LoganDark 3y agoMore like digging itself deeper into. While the rich get richer.