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by JumpCrisscross
703 days ago
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> Maybe that Axios journalist isn't the smartest You're both right. Real wages are down from the pandemic, but that's because they spiked massively due to the stimulus spending [1]. Real wages today are where they were in Q1 2020, which was the highest they had been since at least 1982. Both the Axios and Journal charts are confusing because they're taking the first derivative of a complex curve. [1] https://fred.stlouisfed.org/series/LES1252881600Q |
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