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Frankly, if wage gains kept pace with productivity gains it’d be a very different and vastly better economic story for the average American. The reality is the
by no_wizard 2y ago
Frankly, if wage gains kept pace with productivity gains it’d be a very different and vastly better economic story for the average American. The reality is the recent blip of wage gains didn't make up ground on the last 40 years of stagnation, and it shows signs of slowing in any case, and Americans are feeling that
- bryanlarsen 2y agoIronically wage gains have outpaced inflation in the last 4 years, but that's such a minor effect compared to the lost ground over the previous 40 years that it's not noticeable.
- stormfather 2y agoIt depends on how you measure inflation. The most important expenses for a young person trying to start a family are health-care, housing, food, child care and college tuition. Inflation in these categories is wild. I don't care at all if a big screen TV has gotten cheaper.
- bryanlarsen 2y agoGiven that big screen TV's are a negligible portion of the inflation basket and housing is by far the biggest component of the basket, I think the current basket is a fairly decent reflection.
- Jeff_Brown 2y agoYes, but for the electorate to blame the current party for the last 40 years is irrational.