Comment Re:You can thank Trump (Score 1) 156
That link doesn't actually show that. It appears to be measuring the increase in mean hourly wage, not the median. So its not at all clear that most people haven't seen a decline in their wages relative to inflation over the last 5 years. It shows that until 2023 wages were not increasing nearly as fast as inflation. Then inflation declined dramatically while wage increases declined more slowly. For the last year the increase in wages has been ahead of inflation.
This logic is all wrong.
The US tracks mean wages, and unlike mean income- it has some relevance, because there is not a 100,000,000:1 ratio between the highest and lowest wage earners.
Wages have been beating inflation since 2023. I'm not entirely sure what your definition of "For the last year" is, but it's certainly not "the last 365 day period".
You can go look for median if you like, you will see that it tracks as well.
It is not true that wages have not kept up with inflation.
From other sources, it appears that the mean hourly wage for lower wage groups has done best. Perhaps that isn't surprising. Low wage workers fall out of the work force when wages don't provide enough for them to live on.
Bullshit.
Mean wages and median income have beaten inflation on average.
'21 to '23 was nasty, but the growth since then has more than caught up with it.
Person I replied to's narrative is a falsehood. You defending it makes you a misinformation peddler like them.