Wage Stagnation vs Inflation
The cluster debates whether real wages have kept pace with inflation, primarily citing US data showing stagnation since the 1970s or 1980s, with arguments and links to sources like Pew Research and FRED.
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The reality is that wages have not kept up with inflation.https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
1. Thats very american-centric2. Even in America, the trend of inflation adjusted wages has gone up and uphttps://fred.stlouisfed.org/series/LES1252881600Q
Perhaps wages not keeping pace with inflation has had an effect?
Wages haven't kept up with inflation. That's it.
Only if wages have been keeping pace with inflation. I don't think that has been the case.
Real wages* have been roughly flat for quite some time. That statement covers 1 and 2 above, yet people often include both as if the second one represented a new problem in light of the first. You’ve included a third statement which restates/clarifies a portion of #2.All of those statements are true, provided you’re talking about real wages, but then those are closer to 1.5 independent facts than 3.0.<a href="https://www.pewresearch.org/fact-tank/2018/08/
They aren’t. Real wages have been stagnant for a long time (since about 1990s) until recently they started going upHave a look at data before you spread FUD https://www.bls.gov/bls/news-release/realer.htm#2010
True, but hasn't inflation significantly outpaced wages for the last little while?
I believe the discussion is around wage stagnation after correcting for inflation.
You got downvoted but wage stagnation is real, for example:https://www.pewresearch.org/short-reads/2018/08/07/for-most-...Also: After adjusting for inflation, wages are only 10 percent higher in 2017 than they were in 1973, with annual real wage grow