If America was near full employment you'd be seeing real wage growth. Something that's not existed since the 1970s.

> real wage growth. Something that's not existed since the 1970s

Real wages are 15% higher than they were in 1979 [1].

Only because the inflation metrics don't include housing.

	▲	JumpCrisscross 2 minutes ago \| parent [-]
		> Only because the inflation metrics don't include housing Which price index are you looking at that doesn’t include housing?

noosphr 2 hours ago | parent | prev | next [-]

That is not hourly earnings. Americans are working longer than they did in 1970.

On top of that even if we take your link at face value that's a 0.35% growth per year. The medieval warm period had faster wage growth.

> That is not hourly earnings

Hourly earnings (nominal) have grown at 3.2% per year between 2006 and 2025 [1]. Inflation in that interval was 2.7% [2].

> Americans are working longer than they did in 1970

Source? These data show hours worked are down [3].

	▲	noosphr an hour ago \| parent [-]
		If you look very carefully you can notice that 2006 is not 1970. >Source? These data show hours worked are down [3]. https://www.stlouisfed.org/on-the-economy/2018/october/how-h...

Avicebron 2 hours ago | parent | prev [-]

CPI-U is deceptive and misses the point entirely, cheap t-shirt and televisions don't matter when people can't afford healthcare or housing.