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JumpCrisscross 2 hours ago

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

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

[1] https://fred.stlouisfed.org/series/LES1252881600Q

nicoburns 42 minutes ago | parent | next [-]

Only because the inflation metrics don't include housing.

JumpCrisscross 8 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.

JumpCrisscross 2 hours ago | parent [-]

> 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].

[1] https://fred.stlouisfed.org/series/CES0500000003

[2] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=200601...

[3] https://fred.stlouisfed.org/graph/?g=18H2H

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...

JumpCrisscross 6 minutes ago | parent [-]

Do you have the underlying data? I’m curious if per capita is being averaged across whole population or workers. If the former, that seems to penalize younger-aged countries.

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.