News for hackers. Stuff that matters.
Re:Removing Bad Actors on Facebook by JumpCrisscross on Tuesday July 31, 2018 @01:33PM (#17655165)
> wages are actually slightly falling

According to your source wages fell, in real terms, between May 2017 and May 2018 by 0.1%. They're up from 5 years ago, up from 10 years ago and way up from 50 years ago. The principal cause of that real decline was gas prices rising unexpectedly.

Re:Removing Bad Actors on Facebook by prolikewh0a on Tuesday July 31, 2018 @01:41PM (#17655242)
Are you adjusting for inflation? Most Americans haven't seen any real wage growth when adjusted for inflation since the 70's. If they have seen real income growth, it has been extremely small. Wages have actually dropped since 1970 for the bottom 40% when adjusted for inflation.

https://www.businessinsider.com/record-median-household-inco...

Re:Removing Bad Actors on Facebook by JumpCrisscross on Tuesday July 31, 2018 @01:52PM (#17655352)
> Are you adjusting for inflation?

Yes. "Without adjusting for inflation, these 'nonsupervisory' workers saw their average hourly earnings jump 2.8 percent from last year. But that was not enough to keep pace with the 2.9 percent increase in inflation, which economists attributed to rising gas prices" [1].

> Most Americans haven't seen any real wage growth when adjusted for inflation since the 70's

This is not true for people employed full time [2]. Real hourly wages for hourly nonfarm workers [3] are up. About the only people I can find who are earning less, in real terms, than they were in the 1970s are manufacturing workers, and even they are up over the last decade.

[1] https://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-t...

[2] https://fred.stlouisfed.org/series/LES1252881600Q

[3] https://www.bls.gov/news.release/realer.t01.htm