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https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q Real wages haven’t fallen at all. We’re far wealthier in re
by selectodude 1y ago
https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
Real wages haven’t fallen at all. We’re far wealthier in real terms now than ever before.
- zahlman 1y agoPeople complaining about real wages are for the most part just out of date. Your data shows about a 0.9% growth compounded per year over the last 10 years - and a 0.17% growth compounded per year over the 35 years before that. The numbers were effectively stagnant for my entire childhood and adolescence. (I'm Canadian, but I imagine the picture has the same basic shape here.)
- selectodude 1y agoBeing able to consume .2% compounded more per year with no increase in labor just for free is pretty nice!