4 ms·
I think people really over-estimate the wage growth differences between good and bad labor markets. Median usual weekly earnings are (in 1982 Dollars) Q1 2024:
by abeppu 2y ago
I think people really over-estimate the wage growth differences between good and bad labor markets.
Median usual weekly earnings are (in 1982 Dollars)
Q1 2024: 365
Q1 2013: 331
So over 9 years, including the largest bump in wages in generation during the pandemic, wages grew by 1%
From the early 80s until now, wage growth was like 0.4%
https://fred.stlouisfed.org/graph/?g=1pagn https://fred.stlouisfed.org/graph/?g=1pagn
- lotsofpulp 2y agoI restricted my claim to those who: > obtained in demand credentials or skills From plumbers to programmers, there probably was not a better time in history to get paid. That is the nature of a decade of 0% interest rates, unprecedented in US history. If you did not get paid, it was because you were not shopping around for a buyer willing to pay more (not ascribing blame).