the funniest part is that „did wages grow or not“ is apparently just a matter of which math you pick, and somehow that’s a totally normal sentence to say in 2025.
Antraxess on
comparisons to food, fuel and housing. The basics, should be used
j33205 on
but still all signs point to „workers are fucked“
token_white-guy on
Love this analysis from Pew. They found that real wages grew ~20% against inflation since 1999 but have fell 1-3% since 2020 depending on the inflation benchmark you look at. Mostly just points to post-Covid economies still struggling.
uncriticalthinking on
How are both conclusions that real buying power has increased? There is zero chance this is true. Are healthcare, housing, and digital taxes (cell homes, Ubers, delivery expenses) reflected?
Xyrus2000 on
It’s irrelevant. Productivity increased by orders of magnitude. C-suite compensation grew by orders of magnitude. Median wages did not.
No matter how you slice that, Main Street has been losing ground for decades while Wall Street rakes it all in. The wealthy own just about the entirety of the privately held wealth, and almost the entirety of every new dollar of wealth is also owned by the wealthy. Meanwhile, the real cost of living has continued to climb.
This has led to a massive disconnect, establishing what amounts to a Tale of Two Economies. This is why Main Street feels the economy sucks while the wealthy think the economy is wine and roses.
gb3k on
Okay anyone else baffled at how they even quantified some of these things?
I was looking at the Consumer Price Index for All Urban Consumers: Shelter in U.S. City Average, and while most other units are in US Dollars, Shelter is measured in a unit labeled „Index 1982-1984=100“.
As far as I can even guess, because I can’t find any proper explanation of that unit in the charts I can easily access, it’s implying that ’82 to ’84 are 100%, meaning it’s the base rate?
But with it being both a considerable portion of household expenses and a point of further confusion since personal income regularly includes rent paid to landlords from tenants, I have questions about methodology.
xc2215x on
Wages went up but costs went up more.
J-Pants on
It’s not natural inflation — it’s price gouging. The more those greedy MBA fucks take control of the economy, the more and more they charge for their goods, just to line their pockets.
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the funniest part is that „did wages grow or not“ is apparently just a matter of which math you pick, and somehow that’s a totally normal sentence to say in 2025.
comparisons to food, fuel and housing. The basics, should be used
but still all signs point to „workers are fucked“
Love this analysis from Pew. They found that real wages grew ~20% against inflation since 1999 but have fell 1-3% since 2020 depending on the inflation benchmark you look at. Mostly just points to post-Covid economies still struggling.
How are both conclusions that real buying power has increased? There is zero chance this is true. Are healthcare, housing, and digital taxes (cell homes, Ubers, delivery expenses) reflected?
It’s irrelevant. Productivity increased by orders of magnitude. C-suite compensation grew by orders of magnitude. Median wages did not.
No matter how you slice that, Main Street has been losing ground for decades while Wall Street rakes it all in. The wealthy own just about the entirety of the privately held wealth, and almost the entirety of every new dollar of wealth is also owned by the wealthy. Meanwhile, the real cost of living has continued to climb.
This has led to a massive disconnect, establishing what amounts to a Tale of Two Economies. This is why Main Street feels the economy sucks while the wealthy think the economy is wine and roses.
Okay anyone else baffled at how they even quantified some of these things?
I was looking at the Consumer Price Index for All Urban Consumers: Shelter in U.S. City Average, and while most other units are in US Dollars, Shelter is measured in a unit labeled „Index 1982-1984=100“.
As far as I can even guess, because I can’t find any proper explanation of that unit in the charts I can easily access, it’s implying that ’82 to ’84 are 100%, meaning it’s the base rate?
But with it being both a considerable portion of household expenses and a point of further confusion since personal income regularly includes rent paid to landlords from tenants, I have questions about methodology.
Wages went up but costs went up more.
It’s not natural inflation — it’s price gouging. The more those greedy MBA fucks take control of the economy, the more and more they charge for their goods, just to line their pockets.