GUILTY

[Bradskii]

The key word is everyone. That’s the problem. There are too many people it’s not happening for.

Luckily for those most in need of help, it did: Fastest wage growth over the last four years among historically disadvantaged groups: Low-wage workers’ wages surged after decades of slow growth.

'Between 2019 and 2023, hourly wage growth was strongest at the bottom of the wage distribution. The 10th-percentile real hourly wage grew 12.1% over the four-year period. To be clear, these are real (inflation-adjusted) wage changes. Overall inflation grew nearly 20%, or about 4.5% annually, between 2019 and 2023. Even with this historically fast inflation, particularly in the immediate aftermath of the pandemic recession, low-end wages grew substantially faster than price growth.'

You'll also see that wages across the board, adjusted for inflation, have risen.

 

[BPPLEE]

Luckily for those most in need of help, it did: Fastest wage growth over the last four years among historically disadvantaged groups: Low-wage workers’ wages surged after decades of slow growth.

'Between 2019 and 2023, hourly wage growth was strongest at the bottom of the wage distribution. The 10th-percentile real hourly wage grew 12.1% over the four-year period. To be clear, these are real (inflation-adjusted) wage changes. Overall inflation grew nearly 20%, or about 4.5% annually, between 2019 and 2023. Even with this historically fast inflation, particularly in the immediate aftermath of the pandemic recession, low-end wages grew substantially faster than price growth.'

You'll also see that wages across the board, adjusted for inflation, have risen.

What percentage of those are part time jobs?

 

[Bradskii]

What percentage of those are part time jobs?

The report covers all wage earners up to the 90th percentile. Comparing like with like. I don't think there's many people earning $100,000+ flipping burgers part time at Maccers. Time to revise your position on wages v inflation I think.

 

[BPPLEE]

The report covers all wage earners up to the 90th percentile. Comparing like with like. I don't think there's many people earning $100,000+ flipping burgers part time at Maccers. Time to revise your position on wages v inflation I think.

You’ll have a lot of other people to convince

 

[Bradskii]

You’ll have a lot of other people to convince

What can one do except post the facts?

 

[BPPLEE]

What can one do except post the facts?

It’s not wages vs inflation it’s wages vs the rate of inflation. We’ve already covered this

 

[Hans Blaster]

It’s not wages vs inflation it’s wages vs the rate of inflation. We’ve already covered this

Yes, the rate of wage growth versus the rate of price growth, or ...

the rate of wage growth versus the inflation rate.

 

[Bradskii]

It’s not wages vs inflation it’s wages vs the rate of inflation. We’ve already covered this

And adjusted for inflation wages have risen. Across the board. I'll requote it for you: 'To be clear, these are real (inflation-adjusted) wage changes'.

 

[BPPLEE]

And adjusted for inflation wages have risen. Across the board. I'll requote it for you: 'To be clear, these are real (inflation-adjusted) wage changes'.

I’m not going to back through all the posts to the one that shows that they’ve actually fallen 3%

 

[Bradskii]

I’m not going to back through all the posts to the one that shows that they’ve actually fallen 3%

Shouldn't be too hard to find. We should compare the facts as we have been able to determine them.

 

[Bradskii]

I’m not going to back through all the posts to the one that shows that they’ve actually fallen 3%

While you're not looking, here's some more info to chew on: Statement by Acting Secretary of Labor Su on January jobs report

“Today, the Bureau of Labor Statistics reported that the American economy added 353,000 jobs in January, bringing the total jobs created under President Biden to 14.8 million. The unemployment rate held at its steady, low rate of 3.7 percent. This continues a two-year trend of a jobless rate under four percent, the longest stretch in more than 50 years.

And: Inflation vs. wages: How rising prices stack up against growing pay

'Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%.'

In short, you won't find any information that says that overall wages have not increased faster than inflation.