alt Hacker News> real wage growth. Something that's not existed since the 1970s
Real wages are 15% higher than they were in 1979 [1].
Replies
noosphr • yesterday at 11:41 PM
That is not hourly earnings. Americans are working longer than they did in 1970.
On top of that even if we take your link at face value that's a 0.35% growth per year. The medieval warm period had faster wage growth.
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Avicebron • yesterday at 11:42 PM
CPI-U is deceptive and misses the point entirely, cheap t-shirt and televisions don't matter when people can't afford healthcare or housing.
Only because the inflation metrics don't include housing.