Post
Topic
Board Economics
Re: An interesting case of a widespread misconception
by
deisik
on 23/06/2020, 07:14:10 UTC
So you agree that after we hit the bottom in 1995, the wages have been rising in real terms ever since then, and that has been the case for 25 years. Point proved
Except that's not the point you made. Here is the point you made:
Quote
And the irony is that wages in the US have been outperforming inflation since WWII

But here's what I actually posted:

However, what these forum members forget to account for is the rise in wages during the same time span. And the irony is that wages in the US have been outperforming inflation since WWII, barring a few rather short periods

Now you can start over from this

So, all in all, wages outperformed inflation by 17% for 1979-2012, or around 0.5% per year. Again, point proved
And I never said they didn't. But if you look at all the data, rather than just cherry picking the years which fit your preconceived notions, wages have fallen

You may want to stop twisting my words

There was a short period of a few years in late 1960's when wages peaked after WWII. Other than that, real wages had been rising most of the post-war era. So who is actually picking the years here?