This article seems to gloss over the fact that wages really haven’t risen with inflation. There may be more job openings than unemployed people, but do those jobs pay a livable wage?
It’s normalized by CPI, so a flat line would be no wage growth.
Depends on the the sector, obviously. I’m guessing service sector wages have not kept up with inflation, since it seems like every place is understaffed (they’re not offering enough to attract workers). I also don’t think it accounts for part-time and gig worker wages.
This article seems to gloss over the fact that wages really haven’t risen with inflation. There may be more job openings than unemployed people, but do those jobs pay a livable wage?
Exactly. Just having job in no way guarantees someone also has a home and food to eat … which is some serious Black Mirror shit.
If you work 40 hours you shouldn’t need a 2nd job to survive. With the wealth America has you shouldn’t have to work more than 30
I think wages have kept up with inflation, if I’m reading this chart correctly: https://fred.stlouisfed.org/series/LES1252881600Q
It’s normalized by CPI, so a flat line would be no wage growth.
Depends on the the sector, obviously. I’m guessing service sector wages have not kept up with inflation, since it seems like every place is understaffed (they’re not offering enough to attract workers). I also don’t think it accounts for part-time and gig worker wages.
Wage growth outpaced inflation in 2023.
How about the previous 10 yr stats?