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Items tagged with: wages
"Are most #Americans better off financially than they were before the pandemic?
...If prices go up but people’s incomes go up faster, then the #CostOfLiving decreases. And that is exactly what has happened in the #US over the past five years.
...When #inflation was at its worst, in late 2021 & 2022, prices were rising too fast for workers’ pay to keep up. Over the course of 2023, however, the rate of inflation plummeted while #wages kept rising"
https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
"America’s #economic performance has left other countries in the dust & even broken some of its own records. The #growth rate is high, the #unemployment rate is at historic lows, household #wealth is surging, & #wages are rising faster than costs, especially for the #workingclass.
There are many ways to define a good #economy. #America is in tremendous shape according to just about any of them.
The #American #public doesn’t feel that way"
https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
"From the beginning of the pandemic through the fall of 2023, the last period for which we have good comparative data, real #wages in both #Europe and #Japan fell. In #Germany, workers lost 7 percent of their purchasing power; in #Italy, 9 percent. By these metrics, the only workers in the entire developed world who are meaningfully better off than they were four years ago are #American ones."
https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
#Economics #Economy #Biden #Bidenomics #US #USA #UnitedStates #News
