this post was submitted on 12 May 2024
775 points (98.7% liked)

News

22888 readers
3941 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 4 months ago (1 children)

You should really read your sources. The chart is not inflation adjusted. The report tells you the 12 month inflation adjusted figure.

Inflation-adjusted wages and salaries increased 0.8 percent for the 12 months ending March 2024.

Oh yeah we beat the pants off inflation! Whew baby! Oh by the way, there's still the preceding years of wild fucking inflation to make back. As well as the decades of stagnant wages versus inflation.

[–] [email protected] -1 points 4 months ago (1 children)

I did read my sources, because when I said we beat inflation, that's what my source says

Decades of stagnant wages

Good news, we had more than a decade of growing wages (the COVID spike is due to compositional effects)

[–] [email protected] 1 points 4 months ago (1 children)

A. You don't know how medians work. In a set of [1,1,1,1,5,8,9,9,9] 5 is the median. But you wouldn't say that's representative of the average worker. You're looking for the mode. Which would be 1 in that data set.

B. .8 percent is not the hot news you're looking for.

[–] [email protected] 0 points 4 months ago (1 children)

5 is more representative than the mode, since it does show that about half make more and half made less

1 is ignoring the rest of the data completely

[–] [email protected] 1 points 4 months ago (1 children)

If this was a representative sample the ones would have rebelled already. This is a teaching example.

[–] [email protected] -1 points 4 months ago (1 children)

Not really, if the 1 is $100,000, should they feel worse than the $500,000 and above?

[–] [email protected] 1 points 4 months ago (1 children)

The 1 is not 100,000 and you know it.

[–] [email protected] 1 points 4 months ago (1 children)

Yes, but my point is not everyone should be equal, everyone should have enough money to live

Those are very different goals

[–] [email protected] 1 points 4 months ago

Did I say we should make everyone live on the exact same income?

For giggles though if we distributed our GDP equally it would be about 106,000 after the government budget is taken out. And that's without accounting for not having to pay Medicaid/SSI/SSDI/etc... anymore.