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A comment on Payroll employment rises by 353K in January; unemployment rate remains at 3.7%. Parent comment

Re:Payroll employment rises by 353K in January; unemployment... by lotsofpulp on Friday February 02, 2024 @09:52AM (#39229192)
The data indicates the lowest quintile is gaining the most:

https://www.epi.org/publication/swa-wages-2022/

If anything, the middle and upper middle is experiencing decreased quality of life, for example not eating out as often, because the lowest wage workers in restaurants/hotels/farms/etc are seeing wage growth.

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Re:Payroll employment rises by 353K in January; unemployment... by GartzenDeHaes on Friday February 02, 2024 @10:02AM (#39229344)
That report shows an income increase of 9% from 2019 to 2022. There was a 40% currency devaluation during this time that led to the doubling of rents in most places.
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Re:Payroll employment rises by 353K in January; unemployment... by deeg on Friday February 02, 2024 @10:53AM (#39229992)
The article indicates that inflation is accounted for: "Even in the face of rising prices, low-wage workers have experienced historically fast real wage growth."
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