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The average inflation-adjusted hourly wage in the US has fallen over the past 50 years. No: https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlou
by orangecat 6mo ago
The average inflation-adjusted hourly wage in the US has fallen over the past 50 years.
No: https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N
- regularization 6mo agoWhat I said is correct. Inflation-adjusted hourly wages are down. You posted a link that people are working more hours per year, so their yearly inflation-adjusted income is up. So you're really posting the second negative here, thanks. As I said, tge average hourly median wage is below what it was 50 years ago. From the same federal reports you linked. Plus, we can see from here, that not only are people paid less per hour, they have to work more. I don't know why you think these two negative things post a rosy picture.
- urams 6mo agohttps://fred.stlouisfed.org/series/AWHNONAG https://fred.stlouisfed.org/series/AWHNONAG