Comment on I'm not asking to be rich.
iopq@lemmy.world 10 months agoaei.org/…/have-wages-stagnated-for-decades-in-the…
There was a peak in 1973-1979 where you can make that argument, but in our lifetimes the real wages have grown consistently and have beaten that peak
FlyingSquid@lemmy.world 10 months ago
The American Enterprise Institute is a neoconservative organization. Of course they’re going to claim wages haven’t stagnated, just like their corporate masters want them to.
iopq@lemmy.world 10 months ago
Wages have stagnated since the 1970s, but have steadily gone up since the 1980s
There’s also an argument to be made that since insurance premiums have gone up, and companies pay bigger benefits
fred.stlouisfed.org/series/COMPRNFB
FlyingSquid@lemmy.world 10 months ago
That doesn’t appear to be adjusted for inflation.
iopq@lemmy.world 10 months ago
Real means it has, considering $40 in 1960 would be worth $400 today if it hasn’t been adjusted for inflation we’d be making four times less money so that doesn’t make sense