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Aren’t real wages on the decline? We can afford to spend $100 on dog walking because $100 isn’t what it used to be.
by techblueberry 1y ago
Aren’t real wages on the decline? We can afford to spend $100 on dog walking because $100 isn’t what it used to be.
- gruez 1y agoNo, they're not. https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q There's a spike and subsequent drop after the pandemic, but that was from service workers being forced out of the labor force by lockdowns. If you exclude that, it follows a steady trend up. And yes, the chart has already been adjusted for inflation.