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> That is not hourly earnings Hourly earnings (nominal) have grown at 3.2% per year between 2006 and 2025 [1]. Inflation in that interval was 2.7% [2]. > Amer
by JumpCrisscross 8mo ago
> That is not hourly earnings
Hourly earnings (nominal) have grown at 3.2% per year between 2006 and 2025 [1]. Inflation in that interval was 2.7% [2].
> Americans are working longer than they did in 1970
Source? These data show hours worked are down [3].
[1] https://fred.stlouisfed.org/series/CES0500000003 https://fred.stlouisfed.org/series/CES0500000003
[2] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=200601&year2=202602 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=200601...
[3] https://fred.stlouisfed.org/graph/?g=18H2H https://fred.stlouisfed.org/graph/?g=18H2H
- noosphr 8mo agoIf you look very carefully you can notice that 2006 is not 1970. >Source? These data show hours worked are down [3]. https://www.stlouisfed.org/on-the-economy/2018/october/how-hours-americans-work-compare-rest-world https://www.stlouisfed.org/on-the-economy/2018/october/how-h...
- JumpCrisscross 8mo agoDo you have the underlying data? I’m curious if per capita is being averaged across whole population or workers. If the former, that seems to penalize younger-aged countries.
- deleted 8mo ago[deleted]