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Is 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 happen
by TaupeRanger 2y ago
Is 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.