4 ms·
Not since the seventies which was the assertion in question
by anonymars 2mo ago
Not since the seventies which was the assertion in question
- s1artibartfast 2mo agoAnd I'm saying it is massively up since the 1970s, and provided FRED links.
- anonymars 2mo agoI don't know what measure you're looking at, but here again is literally "Comp over GDP", now trimmed from 1970 https://fred.stlouisfed.org/graph/?g=1XOcj https://fred.stlouisfed.org/graph/?g=1XOcj This is obviously some strange usage of the word 'up' that I wasn't previously aware of
- s1artibartfast 2mo ago> Comp over GDP is slightly down, but is still increasing overall... https://fred.stlouisfed.org/series/LEU0252881600A https://fred.stlouisfed.org/series/LEU0252881600A The original parent claim was: > The US Department of Labor measures wages, and adjusted for inflation the hourly wage is below what it was in 1973. It is even lower if you are only counting non-management roles then and now. Wages have not gotten better over the past half century they have gotten worse. This is a flat out lie. Comp/GDP is a side note that does not negate the fact that inflation adjusted wages are up.
- anonymars 2mo ago> Comp over GDP is slightly down, but is still increasing overall... > https://fred.stlouisfed.org/series/LEU0252881600A https://fred.stlouisfed.org/series/LEU0252881600A That graph does not represent Comp over GDP so it does not show it "is still increasing overall" > The original parent claim was:... Maybe so, but my post is a direct response to > ...the increasing share of the economy consumed by the government... > [the hourly wage] is a misleading statistic. The actual statistic is "total employee compensation"
- s1artibartfast 2mo agoSo you agree that real salaries and compensation are not down since 1970? That is my main point.
- anonymars 2mo agoSure, I never said otherwise