4 ms·
> Comp over GDP is slightly down, but is still increasing overall... https://fred.stlouisfed.org/series/LEU0252881600A https://fred.stlouisfed.org/series/LEU02
by s1artibartfast 3mo 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 3mo 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 3mo agoSo you agree that real salaries and compensation are not down since 1970? That is my main point.
- anonymars 3mo agoSure, I never said otherwise