return2ozma@lemmy.world to News@lemmy.world · 6 months agoCNN's Burnett asks Biden how he is going to turn the economy around. He said he already has.www.cnn.comexternal-linkmessage-square134fedilinkarrow-up1246arrow-down127cross-posted to: news@hexbear.netus_news@lemmygrad.mlusa@lemmy.ml
arrow-up1219arrow-down1external-linkCNN's Burnett asks Biden how he is going to turn the economy around. He said he already has.www.cnn.comreturn2ozma@lemmy.world to News@lemmy.world · 6 months agomessage-square134fedilinkcross-posted to: news@hexbear.netus_news@lemmygrad.mlusa@lemmy.ml
minus-squareLucidlethargy@sh.itjust.workslinkfedilinkarrow-up15arrow-down5·6 months agoSerious question: are they up higher than inflation if you adjust for the last three years?
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up29arrow-down7·6 months agoYes, that’s what real wages mean, adjusted for inflation
minus-squareEatATaco@lemm.eelinkfedilinkEnglisharrow-up7arrow-down1·6 months agoWage growth now is outpacing inflation, meaning we’re going in the right direction. But if you compare over a few years, many people have fallen behind and have a lot of catching up to do.
Serious question: are they up higher than inflation if you adjust for the last three years?
Yes, that’s what real wages mean, adjusted for inflation
Wage growth now is outpacing inflation, meaning we’re going in the right direction. But if you compare over a few years, many people have fallen behind and have a lot of catching up to do.