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Comment by TradingPlaces | Hacker News Reader

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TradingPlaces·

Absolute nonsense. The highest wage gains went to the bottom 25% of earners. That has been the case since 2015

https://www.atlantafed.org/chcs/wage-growth-tracker

Scroll down to the chart and click on “Wage Level"

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Having the lowest quartile gain the most (relative to other quartiles) doesn’t necessarily imply that they had real (inflation adjusted) wage gains.

Edit: Also, that chart doesn’t even show the top 1%. I’m not saying the article is correct, just pointing out faulty logic.

The chart doesn’t even show the top 10%; they intentionally exclude data above $150k annually after 2003, which is 82nd percentile in 2019. https://en.wikipedia.org/wiki/Household_income_in_the_United...

Did you read the article? Getting a 20% wage increase when you’re on the “bottom” earners is peanuts.

That's better than a real wage decline, which is what had been happening for decades.

Ah, so when the retails workers strike to get 20% raise, we should just tell them “you guys are making peanuts anyways, what difference does extra 20% makes to you? You’ll still be making peanuts”. This will convince them that the 20% raise is immaterial, and won’t make any real difference for them, which will save a lot of money on wages.

No, when they ask for 20% raise you tell then that's peanuts and increase it to 100%

Are you trying to spin a 20% wage increase as bad, somehow?

> Are you trying to spin a 20% wage increase as bad, somehow?

No, they're saying that it doesn't go nearly far enough to address the massive inequality and poverty issue.

I don’t even disagree it’s just such a vapid complaint in the context of the discussion.

The context of the discussion is people turning “20% raise” into “see it’d really not that bad!” point.

Doesn't matter, inflation is just that bad.

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