3 ms·
BLS data is public and can be crunched from here https://www.bls.gov https://www.bls.gov, but posing the basic question to ChatGPT: Wage Growth: Obama: Modest
by tgma 2y ago
BLS data is public and can be crunched from here https://www.bls.gov https://www.bls.gov, but posing the basic question to ChatGPT:
Wage Growth:
Obama: Modest but steady wage growth, particularly from 2015 onwards. Real wage growth averaged 0.5%–1.0%.
Trump: Stronger wage growth pre-pandemic, with real wage growth averaging 1.0%–1.5%, but the pandemic and high inflation in 2021 dampened these gains.
Inflation:
Obama: Inflation was relatively low and stable, averaging around 1.3%–1.5%.
Trump: Inflation was low until 2021, when it surged to 5.4%, outpacing wage growth.
Real Wage Growth vs. Inflation:
Obama: In the later years of his presidency, wage growth generally outpaced inflation (2015–2016).
Trump: Wage growth outpaced inflation until 2021, when inflation surged and surpassed wage increases.
- tonmoy 2y agoI don’t think ChatGPT should be cited as source
- tgma 2y agoI cited the actual source. You can do the analysis yourself to verify. I'm sorry I don't have time to manually distill it further for you. That said, I also don't think my specific claim is commonly disputed by the other side.
- a_victorp 2y agoThe BLS data seem to disagree with ChatGPT; It states that average wage growth for both Obama and Trump (pre pandemic) were similar at around 3% and inflation for Obama was around 1-2% and Trump (pre pandemic) 2-3%