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Did you read the article? Total pay for the broader American workforce increased 3.6 per cent in the 12 months that ended December 2024, according to the Burea

Did you read the article? Total pay for the broader American workforce increased 3.6 per cent in the 12 months that ended December 2024, according to the Bureau of Labor Statistics.

bongodongobob 1y ago
How many points below inflation is that?
- JumpCrisscross 1y ago
  Real wages are up from 2020 [1]. The only blip we’re still catching up to is the pandemic. [1] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
  - bumby 1y ago
    Now do it comparing labor productivity and real wages.
    - JumpCrisscross 1y ago
      > Now do it comparing labor productivity and real wages You’re moving the goalposts. You asked “how many points below inflation” recent wage growth has been. The premise is flawed. Wages have risen faster than inflation, massively over the last 50 years.
      - throwaway290 1y ago
        > over the last 50 years You mean 2 years? Here's a handy chart of average wage vs inflation in US https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/ https://www.epi.org/blog/average-wages-have-surpassed-inflat... It's kind of hovering above 0, too. Since this is just average wages, if you exclude CEOs who are earning 400x more than workers maybe it will not even be above inflation now
      - bumby 1y ago
        I did not ask “how many points below inflation.” That was a different poster. I’m trying to nudge the conversation towards a larger and more relevant context. Standard of living is what we ultimately care about; everything else is just a proxy for measuring it. To that point, the premise is sound. We should expect real wages to increase faster than inflation because labor productivity has also increased faster than inflation. But productivity and wages have been decoupled for the last 50 years, meaning those productivity gains are disproportionately allocated. In other words, productivity gains haven’t led to a proportional increase in wage-earner standard of living.
JKCalhoun 1y ago
I read the article and I guess we're supposed to be okay that CEO's averaged 7.7% since employees saw a 3.6% increase. (Never mind what inflation did to that 3.6% increase.)
belter 1y ago
Did you understand the article? "CEO pay has skyrocketed 1,460% since 1978" - https://www.epi.org/publication/ceo-pay-in-2021/ https://www.epi.org/publication/ceo-pay-in-2021/

Did you read the article? Total pay for the broader American workforce increased 3.6 per cent in the 12 months that ended December 2024, according to the Bureau of Labor Statistics.

bongodongobob 1y ago

How many points below inflation is that?

JumpCrisscross 1y ago
Real wages are up from 2020 [1]. The only blip we’re still catching up to is the pandemic. [1] https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
- bumby 1y ago
  Now do it comparing labor productivity and real wages.
  - JumpCrisscross 1y ago
    > Now do it comparing labor productivity and real wages You’re moving the goalposts. You asked “how many points below inflation” recent wage growth has been. The premise is flawed. Wages have risen faster than inflation, massively over the last 50 years.
    - throwaway290 1y ago
      > over the last 50 years You mean 2 years? Here's a handy chart of average wage vs inflation in US https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/ https://www.epi.org/blog/average-wages-have-surpassed-inflat... It's kind of hovering above 0, too. Since this is just average wages, if you exclude CEOs who are earning 400x more than workers maybe it will not even be above inflation now
    - bumby 1y ago
      I did not ask “how many points below inflation.” That was a different poster. I’m trying to nudge the conversation towards a larger and more relevant context. Standard of living is what we ultimately care about; everything else is just a proxy for measuring it. To that point, the premise is sound. We should expect real wages to increase faster than inflation because labor productivity has also increased faster than inflation. But productivity and wages have been decoupled for the last 50 years, meaning those productivity gains are disproportionately allocated. In other words, productivity gains haven’t led to a proportional increase in wage-earner standard of living.

JKCalhoun 1y ago

I read the article and I guess we're supposed to be okay that CEO's averaged 7.7% since employees saw a 3.6% increase. (Never mind what inflation did to that 3.6% increase.)

belter 1y ago

Did you understand the article? "CEO pay has skyrocketed 1,460% since 1978" - https://www.epi.org/publication/ceo-pay-in-2021/ https://www.epi.org/publication/ceo-pay-in-2021/