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>Wages have been stagnant in the United States for nearly 50 years. https://fred.stlouisfed.org/series/CES0500000003 https://fred.stlouisfed.org/series/CES0500
by Workaccount2 2y ago
>Wages have been stagnant in the United States for nearly 50 years.
https://fred.stlouisfed.org/series/CES0500000003 https://fred.stlouisfed.org/series/CES0500000003
https://fred.stlouisfed.org/series/LEU0252881500A https://fred.stlouisfed.org/series/LEU0252881500A
There simply isn't data to back this up.
What you are referring to is capital gains (CEO pay) compared to hourly pay (employee pay), which is a misleading apples to oranges comparison.
- PittleyDunkin 2y ago> What you are referring to is capital gains (CEO pay) compared to hourly pay (employee pay), which is a misleading apples to oranges comparison. I assumed it was the infamous wage vs productivity chart. https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ This certainly aligns a lot better with what they're saying than talking about executive pay (though I'm sure that's also part of the problem).
- ToucanLoucan 2y agoNo, I'm talking about the stagnant wages: https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-... Though, I don't think it's possible to talk about this without also talking about the ludicrous salaries now drawn by the executives either.
- _huayra_ 2y ago> There simply isn't data to back this up. https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Your nominal charts are extremely misleading. Real wages have gone up about 10% since the GFC. Is it up? Yeah, but that is quite a tiny amount annually, not even an additional pack of gum.