6 ms·
I'm not sure that's true about wage growth, especially at the low end: https://www.epi.org/publication/swa-wages-2023/ https://www.epi.org/publication/swa-wage
by roywiggins 11mo ago
I'm not sure that's true about wage growth, especially at the low end:
https://www.epi.org/publication/swa-wages-2023/ https://www.epi.org/publication/swa-wages-2023/
> In stark contrast to prior decades, low-wage workers experienced dramatically fast real [inflation-adjusted] wage growth between 2019 and 2023
- shkkmo 11mo agoYour source lists wage growth during that period as 13.2% Meanwhile inflation over that period is significantly higher at 19.18%. So, no, low end wage growth has not kept up with inflation.
- bryanlarsen 11mo agoThat says "real wage growth" of 13.2%. IOW 13.2% on top of the 19.18% for nominal wage growth of >33%.
- deleted 11mo ago[deleted]
- roywiggins 11mo ago13.2% real wage growth, not nominal wage growth. Real wage growth is what you get after inflation is subtracted out of nominal wage growth. 0% real wage growth would be keeping up with inflation.
- AngryData 11mo ago1 decade of decent growth doesn't exactly negate multiple decades of negative growth though either.