Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will…
The last time I looked the real impressive growth was at the lowest ends of the labor market. Effectively it’s state minimum wage increases hitting. Everyone above minimum wage is far less affected by this. But you do have to go looking for that kind of information. Leadership wants to look at the line go up and cheer, not understanding that the person making the median isn’t really affected by this. the other fun thing is since it’s mostly minimum wage movement, they aren’t suddenly being able to afford stuff. They’re still getting crushed by inflation like most people.
Which is great… lower end is who needs income improvement he most.
However, this is not a W overall and neither side is able to really provide any plans how to fix structural issues.
More Perfect Union is another example who is shilling biden recently, i mean i get it… but labor orgs push it too hard, they will lose credibility imho.
Democratic party is not pro labour, neither is Biden. If people can make their choices, i don’t get my these orgs are taking this risk.
https://en.m.wikipedia.org/wiki/Economic_Policy_Institute
This is a pro Union and pro labour org
But this inflation shill is hard to reconcile tbh
The last time I looked the real impressive growth was at the lowest ends of the labor market. Effectively it’s state minimum wage increases hitting. Everyone above minimum wage is far less affected by this. But you do have to go looking for that kind of information. Leadership wants to look at the line go up and cheer, not understanding that the person making the median isn’t really affected by this. the other fun thing is since it’s mostly minimum wage movement, they aren’t suddenly being able to afford stuff. They’re still getting crushed by inflation like most people.
Which is great… lower end is who needs income improvement he most.
However, this is not a W overall and neither side is able to really provide any plans how to fix structural issues.
More Perfect Union is another example who is shilling biden recently, i mean i get it… but labor orgs push it too hard, they will lose credibility imho.
Democratic party is not pro labour, neither is Biden. If people can make their choices, i don’t get my these orgs are taking this risk.
I agree that it’s great news. I’m just pointing out where the disconnect is.