- Joined
- Oct 30, 2004
- Messages
- 95,963
- Reaction score
- 35,163
That’s bidenomics , wonder who came up with that lame slogan probably the same guy that came up with “I’m with her “
Do you think this is honest? First, note that "real wages" *take price changes into account*. Second, unemployment has fallen a lot in that time, which means a lot of people have gone from zero to something, which also affects the composition and lowers median wages. Think about it like this: You have five people, and two are unemployed. One makes 120 clams, one makes 100, and the other makes 80. Both median and average wages are 100. Then the two who are unemployed get jobs paying 80, and the other three get 10% raises. Now the median wage is 88. Down 12%! But everyone is better off.