Stock market is currently insane, but that's probably just an AI bubble.
On average, wage growth has outstripped inflation in the last 2.5 years
fair
so most people are better off, income-wise
This doesn't necessarily follow. Is it possible to run inflation vs wage growth for the bottom 2/3 of earners? Top-heavy growth could distort the data.
That chart is median wages, so it's more middle-heavy.
"Actually you poors are having an amazing time and everything is great, you're just too stupid to realize it."
On average, wage growth has outstripped inflation in the last 2.5 years, so most people are better off, income-wise: https://fred.stlouisfed.org/series/LES1252881600Q
Unemployment is near historic lows as well: https://fred.stlouisfed.org/series/UNRATE
Stock market is currently insane, but that's probably just an AI bubble.
fair
This doesn't necessarily follow. Is it possible to run inflation vs wage growth for the bottom 2/3 of earners? Top-heavy growth could distort the data.
That chart is median wages, so it's more middle-heavy.
Looks like bottom 25% still saw real wage growth since pre-covid, but not as much. Says non-supervisory and production worker wages increased faster than the overall median in the last 12 months though: https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
If you hopped jobs yea sure you get a pay bump. Not if you stay.