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That's why macro economic data is based on nationally reported data from tens of thousands employers rather than just one company. We can look at the data and
by WarmWash 6mo ago
That's why macro economic data is based on nationally reported data from tens of thousands employers rather than just one company.
We can look at the data and clearly see the inflection point where wages started rising faster once the pandemic began.
https://fred.stlouisfed.org/series/ECIWAG https://fred.stlouisfed.org/series/ECIWAG
And looking at real wages, we can see that wages have actually outpaced inflation since ~2015
https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
- b40d-48b2-979e 6mo agowages have actually outpaced inflation since ~2015 Yeah.. just ignore the 30 years where it was basically stagnant.
- WarmWash 6mo agoThe driver of real wages is the economic level of the whole country, which moves at a pretty slow pace (if at all) for an advanced economy. Many jobs today pay around the same as they did 30 years ago, because dollars (currency) aren't a measure of true value, and lots if not most jobs produce the same relative value today as they did 30 years ago. To put that more plainly, lower class, middle class, and upper class defining jobs pretty much stay the same.