this post was submitted on 23 May 2024
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[–] [email protected] 1 points 5 months ago (1 children)

Wages lagged behind inflation for the 50 years prior, and the gains since March 2023 are not nearly enough to make up for this.

That's very much not true.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (1 children)

EDIT: I'll update my previous comment for clarity

[–] [email protected] 1 points 5 months ago

I was drafting a response but I see your edit now. This report seems to echo a lot of what you're saying, but it lays blame with several far more long-term and structural problems. It certainly would be difficult to argue that we're doing as well as we were doing in the post-war boom of the middle 20th century, but that's like saying things are not currently good because they were better in the past. While technically true, it kinda misses the point and distorts the definition of "good."

You're right, but so are the people saying that things are significantly improving. Coincidentally that's exactly what the article is talking about.