Also your article is about long term trends, and has data that ends in 2022 it looks like. In point of fact real wages since the pandemic have gone up, and by a historically notable amount.
Also your article is about long term trends, and has data that ends in 2022 it looks like. In point of fact real wages since the pandemic have gone up, and by a historically notable amount.
If wages kept up with inflation since the 70s, the minimum wage would be around $23/hr, not even accounting for increases in worker productivity.
I remain frustrated at the extent to which fake info gets distributed in discussions like this. You can look this stuff up! And in fact US workers[1] are wealthier today than they ever have been.
[1] There's a distasteful caveat though: white, male US workers in 1974 were doing much better relative to their peers than the same demographic is today. But minorities and women have done really well. A lot of the concern among the very male HN set over "workers" actually turns out to be an expression of frustration over social change and not economics at all.