Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on America is building chip factories. Now to find the workers. Parent comment
Real wage means purchasing power parity, or it should. These two statements cannot be true, if they are using the same definition of inflation:
- Real wages have risen over the past 50 years
- Today's real average wage has about the same purchasing power it did 40 years ago
The methodology must be different.
There are no comments on this comment yet.
Real wage means purchasing power parity, or it should. These two statements cannot be true, if they are using the same definition of inflation:
- Real wages have risen over the past 50 years
- Today's real average wage has about the same purchasing power it did 40 years ago
The methodology must be different.