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A comment on Why America's economy is soaring ahead of its rivals. Parent comment

Re:Why America's economy is soaring ahead of its rivals by TeaBrain on Wednesday December 04, 2024 @08:48PM (#42323999)
Way to down vote my comment without posting that data you refer to. Nominal wages surged post-pandemic in Q2 2020, but cooled off after then. Someone already replied to my comment with a Brooking institute article which confirms the figures I had previously heard, in that real wages have only increased 2% annualized since 2019.
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Re:Why America's economy is soaring ahead of its rivals by bpt3 on Wednesday December 04, 2024 @09:08PM (#42324095)
I didn't downvote anything, and I didn't re-post data because I assumed you already had it as a participant in this discussion.

A 2% annualized increase in real wages is excellent? Compare it to real wage increases elsewhere and you'll see that "only" is not the correct modifier to use.

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Re:Why America's economy is soaring ahead of its rivals by TeaBrain on Wednesday December 04, 2024 @09:25PM (#42324189)
What is so excellent? That is the cumulative increase.

Real median earnings since Q4 2019 are only around 3% higher:

https://fred.stlouisfed.org/series/LES1252881600Q

Real median household income is still lower than 2019:

https://fred.stlouisfed.org/series/MEHOINUSA672N

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Re:Why America's economy is soaring ahead of its rivals by bpt3 on Thursday December 05, 2024 @09:30AM (#42328544)
Sorry, I assumed this statement you made was correct: "real wages have only increased 2% annualized since 2019."

A 3% increase over 5 years is not bad at all. Go look at historical data or data from other places if you would like more information.

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