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The link says income (in terms of “real” wages) has not kept up with inflation. It further says “In times of high inflation…real wages go down, meaning that wo
by braingravy 2y ago
The link says income (in terms of “real” wages) has not kept up with inflation.
It further says “In times of high inflation…real wages go down, meaning that workers see (and feel) the purchasing power of their income decline.”
Sounds like parent poster and your link are in agreement.
- TaupeRanger 2y agoIs this an AI response? No, if you just look at the chart it has only gone down by about 1%, so roughly flat as I said. The link of course describes what happens during inflation, but since wages also increase in the real world, they offset inflation so real wages remained roughly flat.