After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
I don’t think that’s correct, but I’m no economist.
That’s literally a textbook definition of inflation.
Well something is wrong, because my equals in the 1970s had a higher quality of life than my peers do now. Maybe tradesmen just got left behind because those wages now include people making $150k as entry level programmers, etc.
It’s describing an average. There are definitely subgroups doing both better and worse