3 ms·
Real wage growth might be technically defined in terms of inflation but isn’t it clear that technical definitions are often just agenda-driven instruments that
by photonthug 3y ago
Real wage growth might be technically defined in terms of inflation but isn’t it clear that technical definitions are often just agenda-driven instruments that economists are giving to politicians, and this won’t match the ground truth?
Who cares what the gamed metrics say when Housing and food and education are pretty unaffordable for some people, arguably for a whole generation of Americans. The problem is worse outside of stem. Even inside stem jobs I see people choosing to stay childless due to the expense, literally planning to die young because retirement planning seems like a crazy ideal.
It’s not everyone but how many do we need to say there’s a problem? Not sure how people can still be in denial about these things.