Comment on I'm not asking to be rich.
FlyingSquid@lemmy.world 10 months agoThe 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
FlyingSquid@lemmy.world 10 months ago
Great. Now explain how a single income working a low-wage job in 1960 could afford an entire house and now someone like that can’t even afford to rent without multiple roommates. Because wages haven’t stagnated, right?
Oh, and here’s a shit ton of evidence that you’re wrong. Note that organization isn’t a bank or a right-wing think tank like the ones you’ve provided, i.e. they have no skin in the game.