3 ms·
Is there some Simpsons paradox/composition effect thing going on here, or something with PPP vs. real wages? For full-time employees, real wages are up[0][1], e
by lkbm 2y ago
Is there some Simpsons paradox/composition effect thing going on here, or something with PPP vs. real wages? For full-time employees, real wages are up[0][1], especially for the bottom quartile[2]. Overall median income appears to be down from 2019[3][4].
[0] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
[1] https://fred.stlouisfed.org/series/LES1252881900Q https://fred.stlouisfed.org/series/LES1252881900Q
[2] https://www.epi.org/publication/swa-wages-2023/ https://www.epi.org/publication/swa-wages-2023/
[3] https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
[4] https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N