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by Capira
1625 days ago
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The value of US Dollars deceases exponentially in comparison to any finite good, no? Furthermore, most people's salaries don't increase as fast as the value of dollars deceases. That means for the average person it's likely that you are paid less every year. |
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Yes, they do. Real (that is inflation-adjusted) median hourly wages have overall pretty much been even since the 1970s; dropping a little bit through the 1980s and early 1990s and rebounding slowly since.
Individually, people generally move up in relation to the median over their career, so with the median generally flat (and recently tending to be slightly positive), they tend to get higher real wages over time.
(Now, wages haven't kept up with productivity, and that's a real problem, but it's different than the one you are inventing.)