Class of 2024: Young high school graduates have seen strong wage growth over the pandemic recovery
Class of 2024: Young high school graduates have seen strong wage growth over the pandemic recovery
As with young college graduates, young high school graduates are experiencing a much stronger labor market today than before the pandemic and at any point since 2000. The fast economic recovery from the pandemic shock is a direct result of the aggressive fiscal policy response that matched the scale...
Why would anyone focus solely on real wages and not factor in how the prices of checks list fucking everything has skyrocketed?
Like, if wages go up 5% but prices went up 50%, anyone bragging about wages being up probably doesn't understand what they're talking about. Or they know it's bullshit, and just lying by omission
Real wages factor in inflation. Nominal wages is just the dollar amount you get
What the article states is that factoring for inflation, wages have gone up
https://www.indeed.com/career-advice/career-development/nominal-wage-vs-real-wage
I would like to additionally point out that people often misconstrue "Inflation" with "CPI". Whereas inflation is the devaluation of the dollar, CPI is the cost increases consumers actually face. Inflation is not horrendous at the moment, but the price gouging companies attribute to inflation is much greater than the actual inflation amount. This makes the cost of goods way higher and makes comparing against inflation effectively moot.
Perhaps because whether there is inflation or not it could be a good thing that graduates are seeing real wage gains.
If they weren't, I trust you'd complain about that too?