Yes, they have. I know it’s a “widely believed fact” here in lemmygrad that “the rich get richer and the poor get poorer” but by any objective measure wages have been around or keeping up with inflation. For 2024 wages beat inflation.They aren’t always lock step so there are times where they drift.
Yes, they have. I know it’s a “widely believed fact” here in lemmygrad that “the rich get richer and the poor get poorer” but by any objective measure wages have been around or keeping up with inflation. For 2024 wages beat inflation.They aren’t always lock step so there are times where they drift.
Wages have increased 5.5x what they were in 1950. Housing costs have increased 19x.
Wages haven’t kept up, period. Wages are not up nearly 30% since 2020.
How are computer costs since 1950? Or air travel? Or the costs of food?
You can’t cherry pick a single item like that.
Besides food those other items don’t enter into people’s lives, extreme luxuries don’t matter when you’re spending half your increase me on housing.