5 ms·
Your 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
by shkkmo 10mo ago
Your 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 10mo agoThat says "real wage growth" of 13.2%. IOW 13.2% on top of the 19.18% for nominal wage growth of >33%.
- deleted 10mo ago[deleted]
- roywiggins 10mo 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.