Re:US unemployment has been under 4% for the longest streak ...
by zer00eyz on Saturday January 06, 2024 @09:49PM
(#38897949)
https://www.statista.com/statistics/1351276/wage-growth-vs-i...
The impact of that chart on real prices means that it would take about two decades for people to have the same economic power as they did before the pandemic.
Let's not forget that we have price misalignment because of a decade of zero interest.
https://www.cnbc.com/2023/12/08/excess-profits-of-big-firms-...
And wages did not increase at the same rate as corporate profit taking.
"The data reveal that as of late 2023, most workers are earning more, in inflation-adjusted terms, than they were one year prior, and the fraction of workers receiving real wage increases is about the same as it was in the years before the pandemic. The data also suggest that most individual workers are earning more today than they were before the pandemic; every prime-age worker cohort has higher inflation-adjusted median wages than before the pandemic. "
https://www.axios.com/2024/01/06/chart-wage-growth-beating-i...
https://www.americanprogress.org/article/workers-paychecks-a...