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by mech765 1028 days ago
Real wages have risen over the last 50 years.
1 comments
wildrhythms 1028 days ago
It's about purchasing power; not just real wages.

>despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.

https://www.pewresearch.org/short-reads/2018/08/07/for-most-...

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gottorf 1028 days ago
> It's about purchasing power; not just real wages.

Real wage means purchasing power parity, or it should. These two statements cannot be true, if they are using the same definition of inflation:

- Real wages have risen over the past 50 years

- Today's real average wage has about the same purchasing power it did 40 years ago

The methodology must be different.

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