Yes you're growing nominal wages faster than inflation. In your chart nominal wages are up 28% and inflation (prices) are up 25%. That means real wages are up around 3% (28-25). So nominal wages increased faster than inflation (28% to 25%). But real wages did not (3% to 25%). The original claim was about real wages growing faster than inflation. I was trying to point out that that's kind of a nonsensical thing to say because inflation is already factored in to real wages.
I guess I wasn’t following because no one talks like that. Real wages are up because wages outpaced inflation. You’re right comparing the real wage percentage to anything other than itself over time is meaningless.
Here’s a shocker: Rich too hot libs about to make out like bandits over the middle class. They will be better off with Obamacare repealed, top tier tax rates cut, and corporate taxes cuts.
Yes, I did a poor job of explaining it. The statement 'When real wages start rising above the rate of inflation' is nonsensical. You would either say 'When wages start rising above the rate of inflation' or 'When real wages start rising', which both mean the same thing. And of course wages have been rising faster than inflation. If he's waiting for real wages to rise faster than inflation rate he'll be waiting a long time.
Those increases aren't across all sectors though. Think it was mostly white collar that outdated inflation
I think “real wages” already account for inflation, so if it’s up 3%, then it outpaced inflation by 3%, right?
Yes 'real' wages account for inflation. If real wages are up 3% that means nominal wages outpaced inflation by 3%.
Here's what is about to happen (which has been directly told to you and you voted for it anyway): 1) the rich are about to get huge tax cuts. the "working class" will get nada. They said "oh we won't tax OT". However, they are changing how overtime is calculated. 2) They are going to cut interest rates so the cost for goods are going to go up due to inflation and tarrifs, but the stock market will probably continue growing (if they are lucky), which benefits the rich further.
New jobs have been going to immigrants and government workers. How does that help traditional middle class Americans?
'They' have already cut interest rates a point in the last 6 months with the stock market at all time highs...
it is going back to near 0 under Trump, he has already started beefing with the fed chair that he appointed originally of course for having dared stop runaway inflation and take away from the infinite money glitch. While normal people have trouble paying for necessities, wall Street is ensuring they get theirs.
As you can see in post 98, native born UE is a 3.9%. And in the last 3 years we've added 9 million private sector jobs and 1.4 million government jobs.
Economy is so bad that record number of people are going to have to travel just to find enough to eat. Record 80 million Americans expected to travel for Thanksgiving holiday, industry group says
