| ▲ | noosphr 3 hours ago | ||||||||||||||||
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 3 hours ago | parent | next [-] | ||||||||||||||||
> 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... | |||||||||||||||||
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| ▲ | dangus 19 minutes ago | parent | prev [-] | ||||||||||||||||
And let’s not forget that single income households converted to dual income households, from 47% to 66% of married couples. https://taxfoundation.org/data/all/federal/america-has-becom... (Not my favorite think tank but they have a nice chart.) | |||||||||||||||||