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Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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As always, the way data is presented can "prove" any point that someone is trying to make. By including other non-wage income (benefits, tax breaks) the report does reflect reality for many.
As always, the way data is presented can "prove" any point that someone is trying to make. By including other non-wage income (benefits, tax breaks) the report does reflect reality for many.
Yep. I'm actually agnostic on this. But CBO is generally trustworthy in their reports, making it food for thought amid a lot of spin.
It’s not WSJ, it’s Washington Post. Two opposite newspaper.
Yep. A right wing rag. Of course, the WSJ is owned by Rupert Murdoch so you have to look carefully to see if something is actual news or a regurgitated Fox News OpEd.
I’ll stick with The Economist for data on this. Inflation-adjusted, wage stagnation is not a myth.
Yep. A right wing rag. Of course, the WSJ is owned by Rupert Murdoch so you have to look carefully to see if something is actual news or a regurgitated Fox News OpEd.
I’ll stick with The Economist for data on this. Inflation-adjusted, wage stagnation is not a myth.
How readily is data available to compare what an 18 or 28 year old earned 30 years ago vs their current earnings at 48/58? Even adjusted for inflation I would think more often than not in earned income scenarios they’d be ahead. I will see if I can find something
Yep. A right wing rag. Of course, the WSJ is owned by Rupert Murdoch so you have to look carefully to see if something is actual news or a regurgitated Fox News OpEd.
I’ll stick with The Economist for data on this. Inflation-adjusted, wage stagnation is not a myth.
Why should inflation adjusted wage not stagnate? If someone does the same job year after year, why should his pay be any more than what inflation dictates?
I am talking about wage only. I know there is a big debate on whether the overall wealth growth of the country should be more equally distributed or not but that's a different debate. All the "news" articles that cry about wealth disparity conveniently forget that in a capitalist county, capital is king and whoever has more capital makes more money. You make more money by either managing your capital or by doing a higher level job, or both - not by staying at the same job level.
All of the evidence shows wages have continually increased, and wage increases have out-paced all forms of Inflation.
The only year wages did not increase was 2009, and in that year wages actually declined, instead of being stagnant.
Average wages in 2016 were $48,642 and $50,321 in 2017.
The percent change is 3.45%, while all forms of Inflation increased 2.18% over the same period, leaving a net gain of 1.27%
Average wage in 2010 was $41,673, so there has been a 20.75% increase through 2017.
All forms of Inflation increased 11.73% over the same period, so that results in a net wage increase of 9.02%
Average wage in 2000 was $32,154 so that is a 56.49% increase, while all forms of Inflation have increased 40.9% so that represents a 15.59% net increase in wages since 2000.
Average wage in 1990 was $21,027 so wages have increased 139.31% since then, while all forms of Inflation have increased 81.94% giving a net increase of 57.37%.
That debunks the whole wage stagnation myth.
We have additional evidence, because in 1990, 79% of Americans made $30,000 or less, while as of 2017, only 48% of Americans earned $30,000 or less.
So, wages are rising and wages are rising at a much faster rate than the rate of all forms of Inflation.
Quote:
Originally Posted by GeoffD
Yep. A right wing rag. Of course, the WSJ is owned by Rupert Murdoch so you have to look carefully to see if something is actual news or a regurgitated Fox News OpEd.
I’ll stick with The Economist for data on this. Inflation-adjusted, wage stagnation is not a myth.
So you cite a Left-wing rag to back up your false claims. That's good.
You would never know wage stagnation is not real if read the CD Work & Employment forum.
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