2 ms·
There's a case to be made for "real wages" not capturing what they're meant to capture though, at least if you look at housing [1]. And this isn't even conside
by croon 7mo ago
There's a case to be made for "real wages" not capturing what they're meant to capture though, at least if you look at housing [1].
And this isn't even considering the productivity growth over time having a widely asymmetrical distribution, ie not captured by the median person.
[1] https://www.visualcapitalist.com/charted-american-income-vs-home-prices-1985-2025/ https://www.visualcapitalist.com/charted-american-income-vs-...