Too bad the inflation number they’re using is exactly what the whole ‘lies, damn lies, and statistics’ saying is talking about.
yeah my raises have been like 2% still and food is double what it used to be.
That’s not incompatible with what they said. They’re saying that the rate of wage increases over the last year outpaced inflation. They also ran below inflation during the COVID-19 crisis.
COVID-19’s impact started in 2020.
looks at graph in article
Okay, though it looks like inflation only took off in early 2021.
They’re saying that from June 2023 to June 2024, real wages increased. But they also decreased for about two years prior to that, from a couple months into 2021 until about halfway through 2023 – you can see the dark blue line being below 0 for that period (or, equivalently, that the medium blue line was above the light blue line). Halfway through 2023, it then rises above 0, and has been above since that point. But the period of time that it was decreasing (a bit over two years) was about twice as long as the one year that it’s been increasing, and during that decrease period, was decreasing faster than it increased over the last year. So they’re rebounding, but they won’t be where they were immediately prior to the crisis.
Yeah I am not making the ~25% more I should be making to stay even from 2019 to now.
yeah. its funny the unrelated articles that I see related to it. Dr. Pepper becomes the number two soda seller. Don’t know about anyone else but around me dr. pepper is the only soda that comes up as 99 cents for a 2liter about once a month. Even the generics do not go on sale that often to that price and 69 cent 2liters are long gone. As one person pointed out in another thing the fed uses a basket of goods that changes based on what people are buying so if folks buy cheaper options out of necessity then that is not included in inflation numbers.
Now do median
Median earnings grew faster than inflation every quarter between Q2 2022 and Q4 2023, a year and a half straight. Ticked down in Q1 2024 but basically back to pre pandemic levels.
I wonder what the average income is for US families if one was to remove all the billionaires from the statistic.
The real median household income in the United States for 2022 was $74,580, which represents a 2.3 percent decline from the 2021 estimate of $76,3301. This figure is based on money income, which is pretax and does not account for the value of in-kind transfers. It’s important to note that this calculation excludes billionaires and focuses on the broader population.
It seems that they are already excluded for some reason.
They are not excluded, it’s just the the number of people is used, not the amount of money
It’s so nice to be leaving another historic, traumatic crisis and entering another depressing normal, where we get to live out our tedious, soul crushing lives while we await the next crisis.
ITT: I haven’t personally experienced it so this is not true.
I wonder if y’all realize how like conservatives you are sometimes.
Personal experience, speaking with the community and hearing their experiences mean nothing. Believe what the owner class says at all times.
The article is real and “shit still sucks” can both be true.
My thought upon reading the headline was “gonna need another 12 years before people start thinking we have turned the corner for the better.”
This is hilarious because I’ll tell you the exact same thing I told conservatives during COVID:
I’ll take data over your anecdotes, thanks.
I like data as well.
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
You will notice that not only has the US not returned to pre-housing crisis levels it hasn’t even returned to March 2020 levels.
Now go ahead and try to hand wave this way.
