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Way to down vote my comment without posting that data you refer to. Nominal wages surged post-pandemic in Q2 2020, but cooled off after then. Someone already r
by TeaBrain 2y ago
Way to down vote my comment without posting that data you refer to. Nominal wages surged post-pandemic in Q2 2020, but cooled off after then. Someone already replied to my comment with a Brooking institute article which confirms the figures I had previously heard, in that real wages have only increased 2% annualized since 2019.
- bpt3 2y agoI didn't downvote anything, and I didn't re-post data because I assumed you already had it as a participant in this discussion. A 2% annualized increase in real wages is excellent? Compare it to real wage increases elsewhere and you'll see that "only" is not the correct modifier to use.
- deleted 2y ago[deleted]
- TeaBrain 2y agoWhat is so excellent? That is the cumulative increase. Real median earnings since Q4 2019 are only around 3% higher: https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Real median household income is still lower than 2019: https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
- bpt3 2y agoSorry, I assumed this statement you made was correct: "real wages have only increased 2% annualized since 2019." A 3% increase over 5 years is not bad at all. Go look at historical data or data from other places if you would like more information.