The National Debt, Do You Worry About It?

[Next Day Err]

median income adjusted for true purchasing power would probably come closest

Yep, real wages are up for the median income earner. Go look.

 

[Wally]

Yep, real wages are up for the median income earner. Go look.

More than what the average family pays for in higher prices total every year?

 

[Next Day Err]

More than what the average family pays for in higher prices total every year?

Real wage growth is wage growth after inflation for the period in question.

 

[Next Day Err]

Also, real wages are finally growing faster at the bottom of the income scale.

It’s not perfect. This is America, after all. Plenty of winners and losers.

 

[vantexan]

Real wage growth is wage growth after inflation for the period in question.

And we know everyone is getting 20-30% raises total over the last three years, right?

 

[Next Day Err]

And we know everyone is getting 20-30% raises total over the last three years, right?

We wouldn’t want that. That would be WAY outside the historic norm for wage growth and would imply a wildly out of control inflationary environment.

 

[catstalking]

Yep, real wages are up for the median income earner. Go look.

in 1984 the real median household income was 160k (adj 2023 dollars)
in 2016 the real median household income was 86k
in 2022 the real median household income is 75k

do you get it yet?

 

[Next Day Err]

in 1984 the real median household income was 160k (adj 2023 dollars)
in 2016 the real median household income was 86k
in 2022 the real median household income is 75k

do you get it yet?

The gains flow up to the richest. But if you look closely at least the gap has narrowed recently.

 

[catstalking]

The gains flow up to the richest. But if you look closely at least the gap has narrowed recently.

>the economy is great!
>the economy is better than expected!
>the economy is doing well despite the challenges!
>the economy is hurting, but that's your fault for living so well!
you are here
>the economy is bad because of white nationalism!
>the economy is terrible, here's why that's a good thing!
>the economy? that sounds like reactionary talk to me, up against the wall kulak!

 

[vantexan]

We wouldn’t want that. That would be WAY outside the historic norm for wage growth and would imply a wildly out of control inflationary environment.

Um, this isn't a wildly out of control inflationary environment? I know, I know, inflation has fallen. Meanwhile everything is 20% or more than three years ago and raises haven't kept up.

 

[Next Day Err]

Um, this isn't a wildly out of control inflationary environment? I know, I know, inflation has fallen. Meanwhile everything is 20% or more than three years ago and raises haven't kept up.

No. It was tough but it’s really improved.

 

[Next Day Err]

Meanwhile everything is 20% or more than three years ago and raises haven't kept up.

Hence the real wage growth.

 

[vantexan]

No. It was tough but it’s really improved.

Prices haven't dropped, only the rate at which they are inflating. Meanwhile the average family is spending considerably more than they used to.

 

[vantexan]

Hence the real wage growth.

Not everyone gets a nice union bump up. Those of us on fixed incomes got hammered. Way to go Joe!

 

[Next Day Err]

Not everyone gets a nice union bump up. Those of us on fixed incomes got hammered. Way to go Joe!

Not everyone, but dude, the data is the data. There was pretty strong real wage growth for last year. Your social security checks are also stronger.

Thank god republicans didn’t get their hands on social security on behalf of the ownership class, right? You’d be screwed.

That’s a good thing about Trump, he shut them all down on that.

 

[Next Day Err]

Prices haven't dropped, only the rate at which they are inflating. Meanwhile the average family is spending considerably more than they used to.

Careful what you wish for. If the general price level falls that indicates serious economic distress.

 

[vantexan]

Not everyone, but dude, the data is the data. There was pretty strong real wage growth for last year. Your social security checks are also stronger.

Thank god republicans didn’t get their hands on social security on behalf of the ownership class, right? You’d be screwed.

That’s a good thing about Trump, he shut them all down on that.

You're saying that raises kept up with inflation but then said raises that high wouldn't be good. People are hurting out here.

 

[vantexan]

Careful what you wish for. If the general price level falls that indicates serious economic distress.

I think high prices are indicating serious economic distress for many.

 

[Next Day Err]

You're saying that raises kept up with inflation but then said raises that high wouldn't be good. People are hurting out here.

They haven’t kept up over all three years but they kept up last year on average. That’s what the data is telling us.

I know people are hurting. We should tax the mega wealthy so it’s more in line with sanity and help the poorest.

 

[Brownsocks]